Western Midstream Partners (WES) Declares $0.91 Quarterly Dividend with 8.92% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2026
0mins
Should l Buy WES?
Source: seekingalpha
- Dividend Declaration: Western Midstream Partners has declared a quarterly dividend of $0.91 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy.
- Yield Highlight: The forward yield of 8.92% not only attracts income-seeking investors but also reflects the company's competitiveness in the current market environment.
- Payment Schedule: The dividend will be payable on February 13, with a record date of February 2 and an ex-dividend date also set for February 2, ensuring shareholders receive their returns promptly.
- Contract Renegotiation: Western Midstream has reached an agreement with Occidental to renegotiate Delaware Basin contracts, securing $610 million in unit transfers, which further enhances the company's financial flexibility and market position.
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Analyst Views on WES
Wall Street analysts forecast WES stock price to fall
4 Analyst Rating
0 Buy
4 Hold
0 Sell
Hold
Current: 43.900
Low
39.00
Averages
40.50
High
42.00
Current: 43.900
Low
39.00
Averages
40.50
High
42.00
About WES
Western Midstream Partners, LP acquires, owns, develops and operates midstream assets. It is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. Its core assets provide services for customers in the Delaware Basin in West Texas and New Mexico, and the DJ Basin in northeastern Colorado, and the Powder River Basin in Northeast Wyoming. Additional assets and investments are in South Texas, Utah, and Southwest Wyoming. In its capacity as a natural gas processor, the Company also buys and sells natural gas, NGLs, and condensate on its behalf and its customers under certain gas processing contracts. Its subsidiaries include Western Midstream Operating GP, LLC, Western Midstream Services, LLC, Western Midstream Services Holdings, LLC, Western Midstream Operating, LP, and Aris Water Solutions, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Western Midstream Partners Reports Record 2025 Earnings Amid Cautious 2026 Outlook
- Record Financial Performance: In Q4 2025, adjusted EBITDA reached $636 million, despite a $29.5 million negative non-cash revenue adjustment; excluding this, EBITDA would have been $665 million, reflecting a sequential increase of approximately 5%, showcasing the company's success in cost control and operational efficiency.
- Capital Expenditure Adjustment: Management has revised the 2026 capital expenditure forecast down from at least $1.1 billion to $925 million, indicating a swift alignment with customer activity levels and a more cautious investment strategy in response to market volatility.
- Cautious Future Outlook: The expected adjusted EBITDA for 2026 is projected to range between $2.5 billion and $2.7 billion, implying a year-over-year growth rate of about 5%, while natural gas and crude oil throughput are anticipated to decline by low to mid-single digits on average, reflecting uncertainty in market demand.
- Distribution Guidance Increase: Management intends to recommend a distribution increase to at least $3.70 per unit for 2026, with a planned $0.02 increase per unit starting with the first quarter distribution, demonstrating confidence in cash flow stability and distribution policy despite external market challenges.
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- Sale Process Initiation: According to the Financial Times, Kinetik is preparing a sale process to gauge interest from strategic and infrastructure buyers, which could provide new capital and resource allocation opportunities for the company.
- Significant Growth Potential: Enervus managing director Andrew Gillick highlighted that the Delaware Basin is one of the few remaining growth areas, with increasing demand for natural gas, providing strong support and market outlook for Kinetik's operations.
- Complex Shareholder Structure: Kinetik was formed in 2022 through the merger of Altus Midstream and EagleClaw Midstream, with Blackstone retaining an 18% stake, while Occidental Petroleum (OXY) owns about a third of Western Midstream (WES), indicating its significant position in the industry.
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- Record Financial Performance: In Q4 2025, adjusted EBITDA reached $636 million, despite a $29.5 million negative non-cash revenue adjustment; excluding this, EBITDA would have been $665 million, reflecting a sequential increase of approximately 5%, showcasing the company's success in cost control and operational efficiency.
- Capital Expenditure Adjustment: Management has revised the 2026 capital expenditure forecast down from at least $1.1 billion to $925 million, indicating a swift alignment with customer activity levels and a more cautious investment strategy in response to market volatility.
- Cautious Future Outlook: The expected adjusted EBITDA for 2026 is projected to range between $2.5 billion and $2.7 billion, implying a year-over-year growth rate of about 5%, while natural gas and crude oil throughput are anticipated to decline by low to mid-single digits on average, reflecting uncertainty in market demand.
- Distribution Guidance Increase: Management intends to recommend a distribution increase to at least $3.70 per unit for 2026, with a planned $0.02 increase per unit starting with the first quarter distribution, demonstrating confidence in cash flow stability and distribution policy despite external market challenges.
See More
KINETIK STOCK RISES 2.9% AFTER REPORT OF POTENTIAL SALE DUE TO INTEREST FROM WESTERN MIDSTREAM PARTNERS
- Kinetik's Stock Performance: Kinetik shares have increased by 2.9% following reports of a potential sale.
- Interest from Partners: The rise in stock value comes after an approach from Western Midstream Partners regarding a possible acquisition.
See More
Kinetik Holdings Considers Sale of Pipeline Business
- Positive Market Reaction: Kinetik Holdings (KNTK) saw an 8.6% pre-market increase on Thursday, reflecting investor confidence in the company's potential sale and future growth prospects.
- Sale Process Initiation: According to the Financial Times, Kinetik is preparing a sale process to gauge interest from strategic and infrastructure buyers, which could provide new capital and resource allocation opportunities for the company.
- Significant Growth Potential: Enervus managing director Andrew Gillick highlighted that the Delaware Basin is one of the few remaining growth areas, with increasing demand for natural gas, providing strong support and market outlook for Kinetik's operations.
- Complex Shareholder Structure: Kinetik was formed in 2022 through the merger of Altus Midstream and EagleClaw Midstream, with Blackstone retaining an 18% stake, while Occidental Petroleum (OXY) owns about a third of Western Midstream (WES), indicating its significant position in the industry.
See More
KINETIK HOLDINGS ATTRACTS TAKEOVER BID FROM WESTERN MIDSTREAM PARTNERS SUPPORTED BY OCCIDENTAL PETROLEUM - FT
- Company Overview: Kinetik Holdings has received a stake over interest from Occidental Petroleum-backed Western Midstream Partners.
- Investment Context: This move indicates a strategic partnership or investment opportunity in the energy sector, particularly in petroleum-related ventures.
See More
AI Turbulence Impacts Market Performance
- Increased Market Volatility: Last week, stocks in software, real estate, financial services, and logistics faced selling pressure due to concerns over AI-related disruptions, with the Nasdaq Composite falling 0.2% and a weekly loss of 2.1%, indicating market sensitivity to AI impacts.
- Consumer Spending Data Focus: This week's highlight will be the Personal Consumption Expenditures (PCE) report on Friday, which will provide insights into consumer spending in December and inflation trends, especially following last week's unexpected slowdown in the Consumer Price Index (CPI).
- Corporate Earnings in Spotlight: Walmart (WMT) is set to release its fourth-quarter earnings on Thursday, marking the first report under new CEO John Furner, making it a key indicator of consumer spending that the market is eagerly anticipating.
- Ongoing AI Impact: As AI tools' potential effects intensify across various sectors, software stocks like Salesforce (CRM) and ServiceNow (NOW) have seen significant declines, reflecting the market's heightened vigilance regarding AI disruptions, necessitating close monitoring of future industry developments.
See More
High-Yield Stocks Attract Investor Attention
- AGNC Investment Advantage: AGNC Investment Corp leads with a 12.5% dividend yield, appealing to passive income investors with its monthly payments, having maintained this rate for over five years post-pandemic, indicating strong profitability in the robust Agency MBS market.
- Ares Capital's Stability: Ares Capital currently offers a 10% dividend yield, with its business model of direct loans to middle-market companies generating core earnings that exceed dividend payments, maintaining or increasing dividends for 16 consecutive years, showcasing strong financial stability and growth potential.
- Western Midstream's Growth Potential: Western Midstream Partners yields 8.9%, with stable cash flows and a strong balance sheet allowing it to cover distributions and capital expenditures, while planning to enhance dividends through acquisitions and organic expansion.
- Attracting Risk-Tolerant Investors: With dividend yields significantly higher than the S&P 500, AGNC, Ares Capital, and Western Midstream appeal to income-seeking investors despite potential market volatility risks, making them attractive options for those willing to take on more risk.
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