Western Midstream Partners, LP (NYSE:WES) Declares $0.91 Quarterly Dividend

Western Midstream Partners, LP (NYSE:WES) declared a quarterly dividend on Friday, January 23rd. Stockholders of record on Monday, February 2nd will be given a dividend of 0.91 per share by the pipeline company on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Monday, February 2nd.

Western Midstream Partners has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. Western Midstream Partners has a payout ratio of 100.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Western Midstream Partners to earn $3.47 per share next year, which means the company may not be able to cover its $3.64 annual dividend with an expected future payout ratio of 104.9%.

Western Midstream Partners Stock Down 0.3%

WES stock traded down $0.11 during trading on Friday, hitting $40.72. 944,962 shares of the company’s stock traded hands, compared to its average volume of 1,263,078. The business has a fifty day simple moving average of $39.73 and a two-hundred day simple moving average of $39.12. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $16.61 billion, a P/E ratio of 12.05 and a beta of 0.76. Western Midstream Partners has a 1 year low of $33.60 and a 1 year high of $43.11.

Western Midstream Partners (NYSE:WES) last announced its earnings results on Tuesday, November 4th. The pipeline company reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $952.48 million for the quarter, compared to analysts’ expectations of $965.55 million. Western Midstream Partners had a return on equity of 39.37% and a net margin of 35.18%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Sell-side analysts anticipate that Western Midstream Partners will post 4.02 EPS for the current year.

Western Midstream Partners Company Profile

Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership’s primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.

The company’s asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado.