WES Stock Recent News
WES LATEST HEADLINES
Western Midstream (WES) closed the most recent trading day at $40.57, moving +0.47% from the previous trading session.
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Western Midstream (WES) closed the most recent trading day at $40.60, moving -1.34% from the previous trading session.
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HOUSTON , Jan. 24, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly cash distribution ("Base Distribution") of $0.8750 per unit for the fourth quarter of 2024, or $3.50 on an annualized basis, which is in-line with the prior quarter's Base Distribution. WES's fourth-quarter 2024 Base Distribution is payable on February 14, 2025, to unitholders of record at the close of business on February 3, 2025.
The usual sweet spot range for high and durable income is 6-8%. Anything above that tends to come with unfavorable financial risk. Yet, by being selective and careful, 8%+ exceptions can be found.
In the closing of the recent trading day, Western Midstream (WES) stood at $41.19, denoting a +0.88% change from the preceding trading day.
Western Midstream Partners shows impressive growth in free cash flow and EBITDA. I rate Western Midstream a strong buy due increasing demand for natural gas in the long term. Demand is at least partially driven by AI and Data Centers. WES confirmed strong FY 2024 guidance with expected 19% growth in free cash flow and 11% growth in adjusted EBITDA, indicating upside potential.