Western Midstream Partners, LP (WES) To Go Ex-Dividend on July 31st

Western Midstream Partners, LP (NYSE:WES) announced a quarterly dividend on Friday, July 17th. Stockholders of record on Friday, July 31st will be given a dividend of 0.93 per share by the pipeline company on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, July 31st.

Western Midstream Partners has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Western Midstream Partners has a payout ratio of 103.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Western Midstream Partners to earn $3.67 per share next year, which means the company may not be able to cover its $3.72 annual dividend with an expected future payout ratio of 101.4%.

Western Midstream Partners Price Performance

Western Midstream Partners stock opened at $47.20 on Wednesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $18.59 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.94 and a beta of 0.68. The firm has a 50-day moving average of $44.66 and a two-hundred day moving average of $42.80. Western Midstream Partners has a 1 year low of $36.90 and a 1 year high of $48.63.

Western Midstream Partners (NYSE:WES) last issued its earnings results on Wednesday, May 6th. The pipeline company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Western Midstream Partners had a return on equity of 33.89% and a net margin of 29.98%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $0.79 EPS. Western Midstream Partners’s revenue was up 22.5% on a year-over-year basis. On average, research analysts forecast that Western Midstream Partners will post 3.49 earnings per share 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.