Western Midstream (WES) reported earnings 30 days ago. What's next for the stock?
Western Midstream, valued at over $15 billion, has shown strong performance with growing volumes and cash flow, making it a valuable investment. Occidental Petroleum owns nearly 45% of Western Midstream, which poses a risk due to its potential influence on public unitholders. In 2024, Western Midstream achieved double-digit growth in natural gas and produced water throughput, boosting adjusted EBITDA by 13% to $2.34 billion.
In the closing of the recent trading day, Western Midstream (WES) stood at $41.37, denoting a +0.24% change from the preceding trading day.
The latest trading day saw Western Midstream (WES) settling at $41.85, representing a +0.02% change from its previous close.
Western Midstream's debt levels are now aligned with management's guidance. The debt has achieved investment grade rating. The company offers a compelling growth and income opportunity. Western Midstream provides an attractive return with significant downside protection through take-or-pay contracts.
Western Midstream Partners, LP Common Units (NYSE:WES ) Q4 2024 Results Conference Call February 27, 2025 2:00 PM ET Company Participants Daniel Jenkins - Director of Investor Relations Oscar Brown - Chief Executive Officer Danny Holderman - Chief Operating Officer Kristen Shults - Chief Financial Officer Jon VandenBrand - SVP of Commercial Conference Call Participants Spiro Dounis - Citi Keith Stanley - Wolfe Research Noah Katz - JPMorgan Manav Gupta - UBS Ned Baramov - Wells Fargo Operator Good afternoon. My name is Joanna, and I will be your conference operator today.
Besides Wall Street's top -and-bottom-line estimates for Western Midstream (WES), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Western Midstream (WES) closed the most recent trading day at $41.36, moving -0.62% from the previous trading session.
Western Midstream (WES) closed the most recent trading day at $40.57, moving +0.47% from the previous trading session.
Western Midstream (WES) closed the most recent trading day at $40.60, moving -1.34% from the previous trading session.
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.