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Western Midstream Partners (WES)
NYSE:WES
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.85Last Year’s EPS
0.74Same Quarter Last Year
Moderate Sell
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 0.35%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call for Western Midstream Partners presented a positive outlook with significant achievements in throughput and distribution growth. The announcement of the Pathfinder Pipeline project and successful integration of acquisitions and asset sales were notable highlights. However, there were some challenges, such as expected flat to slightly down throughput in the DJ Basin and a slight decrease in gross margin for produced water. Overall, the sentiment leans positive due to the strong performance and strategic growth plans.Company Guidance
In the Western Midstream Partners Fourth Quarter and Full Year 2024 Earnings Conference Call, the company outlined significant guidance metrics, including a planned expansion of their produced water gathering and disposal infrastructure in the Delaware Basin. This includes the Pathfinder Pipeline, a 30-inch long haul pipeline designed to transport over 800,000 barrels per day of produced water, underpinned by a long-term agreement with Occidental Petroleum for 280,000 barrels per day of firm gathering and transportation capacity and 220,000 barrels per day of firm disposal capacity. The company achieved double-digit and record throughput growth across all three product lines, with annual adjusted EBITDA and free cash flow growth of 13% and 37% respectively. For 2025, Western Midstream projects adjusted EBITDA to range between $2.35 billion and $2.55 billion and plans to allocate approximately $625 million to $775 million in capital expenditures. The company also announced a base distribution increase, targeting a mid to low-single-digit annual percentage growth rate, aligning with their strategy to prioritize capital efficient organic growth and high returns for unitholders.Record Throughput Growth
Double-digit and record throughput growth across all three product lines for 2024, with natural gas throughput increasing by 16%, crude oil and NGLs throughput by 12%, and produced water throughput by 11% year-over-year.
Pathfinder Pipeline Project
Announcement of the Pathfinder Pipeline, a major midstream project in the Delaware Basin able to transport over 800,000 barrels per day of produced water, supported by a long-term agreement with Occidental Petroleum.
Significant EBITDA and Free Cash Flow Growth
Annual adjusted EBITDA and free cash flow growth of 13% and 37%, respectively, for 2024, with expectations of a 5% adjusted EBITDA growth in 2025.
Distribution Increase
Record distribution payout in 2024, including a 52% increase to the base distribution. A planned 4% increase in the distribution for 2025, targeting mid to low single-digit annual growth rates.
Successful Integration and Asset Sales
Successful integration of Meritage Midstream and completion of non-core asset sales totaling $795 million.
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WES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $40.44 | $39.95 | -1.21% |
| Nov 06, 2024 | $37.71 | $36.51 | -3.18% |
| Aug 07, 2024 | $37.35 | $37.77 | +1.12% |
| May 08, 2024 | $33.21 | $34.10 | +2.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Western Midstream Partners (WES) report earnings?
Western Midstream Partners (WES) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Western Midstream Partners (WES) earnings time?
Western Midstream Partners (WES) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WES EPS forecast?
WES EPS forecast for the fiscal quarter 2024 (Q4) is 0.85.
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