Western Midstream Partners, LP (WES) To Go Ex-Dividend on November 2nd

Western Midstream Partners, LP (NYSE:WES) announced a quarterly dividend on Monday, October 19th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.93 per share by the pipeline company on Friday, November 13th. This represents a $3.72 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, November 2nd.

Western Midstream Partners has raised its dividend 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. Analysts expect Western Midstream Partners to earn $3.98 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 93.5%.

Western Midstream Partners Stock Performance

Shares of WES opened at $46.43 on Friday. The firm has a 50-day moving average of $46.47 and a 200-day moving average of $44.16. Western Midstream Partners has a one year low of $36.90 and a one year high of $50.07. The company has a market cap of $19.18 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.23 and a beta of 0.74. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.91 and a quick ratio of 0.91.

Western Midstream Partners (NYSE:WES) last released its quarterly earnings data on Wednesday, August 5th. The pipeline company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. Western Midstream Partners had a net margin of 29.44% and a return on equity of 33.13%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business earned $0.87 EPS. Western Midstream Partners’s revenue for the quarter was up 30.0% compared to the same quarter last year. As a group, equities analysts forecast that Western Midstream Partners will post 3.67 earnings per share for the current year.

About Western Midstream Partners

Western Midstream Partners, L.P. (NYSE:WES) is a master limited partnership that owns and operates midstream energy infrastructure in the United States. The company provides gathering, processing, transportation, storage and treating services for natural gas, crude oil, natural gas liquids and produced water.

Western Midstream’s assets include gathering systems, processing plants, pipelines, storage facilities and water-handling infrastructure. These facilities connect oil and gas producers with downstream markets and are generally supported by long-term commercial arrangements.