Western Midstream Partners, LP (WES) Tops Q4 EPS by 16c, Revenues Beat

Western Midstream Partners, LP (NYSE: WES) reported Q4 EPS of $0.62, $0.16 better than the analyst estimate of $0.46. Revenue for the quarter came in at $723.21 million versus the consensus estimate of $699.43 million.

"I'm pleased with our fourth-quarter results," said Chief Executive Officer, Michael Ure. "In 2019, we placed the first Latham train and the second Mentone train into service; grew Adjusted EBITDA 17-percent year-over-year as a result of increased throughput across all products; and entered into new service, operating, and governing agreements at year end that enable us to operate more fully as an independent midstream company. This was a productive and successful year for WES, and we are ideally positioned to deliver strong results in 2020."

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

You May Also Be Interested In

• Western Midstream prices $700M in senior notes due 2036
• Robinhood prices $2B convertible notes offering due 2029
• Gil Issachar steps down as CTO at Firefly Neuroscience