bjdlzx I published on Western Midstream Partners (NYSE:WES) in early April. A lot has happened since including yesterday's announcement of Occidental Petroleums' (OXY) partial sale. Through the secondary public offering, OXY will sell 19M (with an option of an additional 2.85M) limited units of the approximately 194M total it owns. The offering price remains unknown at the time of writing. WES will neither issue any additional units nor receive any proceeds from the sale. I consider all recent developments ...

H 11 L B TH the E 0 the t in I t t 11 # onurdongel Western Midstream (NYSE:WES) reported some sizable gains in income for the second quarter of 2024. Evidently, the results and the common unit price were good enough for Occidental Petroleum (OXY) to register to sell some units (click on August 12 announcement). Normally, when the main controlling entity wants to sell, that is a bearish signal because an insider is indicating to the public that the insider is getting a good price for the stock. However, Occi ...

HOUSTON, Aug. 12, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") announced today the pricing of the previously announced underwritten secondary public offering of 19,000,000 common units representing limited partner interests in WES ("Common Units") by affiliates of Occidental (NYSE: OXY) (the "Selling Unitholders"), for gross proceeds of $685.9 million. The offering is expected to close on August 14, 2024, subject to customary closing conditions. The Selling Unitholders have grante ...

HOUSTON, Aug. 12, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") announced today the commencement of an underwritten secondary public offering of 19,000,000 common units representing limited partner interests in WES ("Common Units") by affiliates of Occidental (NYSE: OXY) (the "Selling Unitholders"). The Selling Unitholders intend to grant Barclays, as the underwriter, a 30-day option to purchase up to 2,850,000 additional Common Units from the Selling Unitholders. WES is not sellin ...

Second-Quarter 2024 Review August 7, 2024 Forward-Looking Statements and Ownership Structure 2 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Western Midstream Partners LP (NYSE:WES) Q2 2024 Earnings Conference Call August 8, 2024 2:00 PM ET Company Participants Daniel Jenkins - Director of IR Michael Ure - CEO Kristen Shults - CFO Conference Call Participants Gabe Moreen - Mizuho Keith Stanley - Wolfe Research Jeremy Tonet - JP Morgan Chase Spiro Dounis - Citi Manav Gupta - UBS Neel Mitra - Bank of America Zach Van Everen - TPH Operator Good afternoon, my name is Ludi and I will be your conference operator today. At this time, I would like to we ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to WESTERN MIDSTREAM PARTNERS, LP WESTERN MIDSTREAM OPERATING, LP (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | --- | --- | ...

EXHIBIT 99.1 Western Midstream NEWS RELEASE WESTERN MIDSTREAM ANNOUNCES SECOND-QUARTER 2024 RESULTS • Reported second-quarter 2024 Net income attributable to limited partners of $369.8 million, generating (1) second-quarter Adjusted EBITDA of $578.1 million. • Reported second-quarter 2024 Cash flows provided by operating activities of $631.4 million, generating (1) second-quarter Free cash flow of $424.8 million. • Announced a second-quarter Base Distribution of $0.875 per unit, or $3.50 per unit on an annu ...

Reported second-quarter 2024 Net income attributable to limited partners of $369.8 million, generating second-quarter Adjusted EBITDA(1) of $578.1 million. Reported second-quarter 2024 Cash flows provided by operating activities of $631.4 million, generating second-quarter Free cash flow(1) of $424.8 million. Announced a second-quarter Base Distribution of $0.875 per unit, or $3.50 per unit on an annualized basis, which is in-line with the prior-quarter's Base Distribution. HOUSTON, Aug. 7, 2024 /PRNewswire ...

L B TH the E 0 the t in I t t 11 # onurdongel It's often said everything happens in cycles. There was a time when bell-bottom jeans were popular, then there was a time when they were completely out of fashion, and now they've worked their way back into the trend again. The cyclical nature of human society and culture can be seen in a number of different areas — fashion being one of the easiest. Old ideas become new, then old again, and the cycle goes on. There's no exception to this when it comes to hot top ...