Western Midstream Partners LP Reports Q2 2024 Financial Results

Western Midstream Partners, LP Reports Q2 2024 Financial Results

Overview

Western Midstream Partners, LP (NYSE: WES) reported its financial results for the second quarter ending June 30, 2024.

Key Financial Metrics

Interpretation: Western Midstream's total revenue of $947 million for Q2 2024 surpassed the Wall Street consensus estimate of $912.62 million. The company's EPS matched the consensus estimate at $0.88. Although specific QoQ or YoY changes are not listed, the reported figures indicate strong alignment with market expectations.

Revenue Performance by Segment

Interpretation: Segment-specific revenue data and comparisons to previous guidance were not provided in the earnings report.

Key Operational Data
No specific operational data was mentioned in the provided earnings release.

Management Comments

Comments from the company's officers were not included in the provided earnings release.

Dividends and Share Repurchase Program

Western Midstream authorized a $1.25 billion share repurchase program through December 31, 2024. As of the end of Q2 2024, they had $627.8 million remaining under the program. No units were repurchased during the six months ended June 30, 2024.

Forward Guidance

The earnings report did not specify any forward guidance.

Stock Price Movement

Following the release of the earnings report, Western Midstream’s stock experienced a 0.36% increase, reflecting investor confidence in the financial outlook and updated metrics.

Note: This report has been compiled using publicly available data provided in the earnings release and may contain estimates where specific details were not provided. Always refer to official company releases and SEC filings for comprehensive information.