Western Midstream Announces Fourth-Quarter 2021 Distribution Increase

Source: www.gulfoilandgas.com 1/21/2022, Location: North America

Western Midstream Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.327 per unit for the fourth quarter of 2021. This distribution represents a 1.3-percent increase over the prior quarter’s distribution and is consistent with the partnership’s previously disclosed annualized 2021 distribution growth rate of 5-percent. WES’s fourth-quarter 2021 distribution is payable February 14, 2022, to unitholders of record at the close of business on January 31, 2022.

In addition, the Partnership plans to engage with its board of directors regarding its financial policy, inclusive of its 2022 capital allocation plan and distribution policy, at its previously scheduled year-end board meeting in February. The Partnership intends to further discuss its financial policy in conjunction with its fourth-quarter and full-year 2021 results as scheduled below.

The Partnership plans to report its fourth-quarter and full-year 2021 results after market close Wednesday, February 23, 2022. Management will host a conference call on Thursday, February 24, 2022, at 1 p.m. CST (2 p.m. EST) to discuss the Partnership’s quarterly results. The full text of the release announcing the results will be available on the Partnership’s website at www.westernmidstream.com.


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