Western Gas Partners LP (WES) Posts Q1 EPS of $0.01

Western Gas Partners LP (NYSE: WES) reported Q1 EPS of $0.01, which may note compare to the analyst estimate of $0.58.

"During the quarter, we began executing the largest capital program in our history, with three Delaware Basin processing plants in various stages of development. Ramsey train VI remains on schedule to begin service in the fourth quarter of this year, and Mentone trains I and II remain on schedule for start-up in the second half of 2018," said Chief Executive Officer, Benjamin Fink. "Furthermore, during the quarter we closed our DBJV-for-Marcellus asset exchange and successfully converted half of our outstanding convertible preferred units into common units, with the other half to be converted this month. Both of these transactions are critical steps toward achieving our objective of providing sustainable distribution growth over time."

For earnings history and earnings-related data on Western Gas Partners LP (WES) click here.

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