Western Midstream Partners LPWestern Midstream Partners LP

Free disabling of ads
Favorites

Western Midstream Partners LP owns, operates, acquires and develops midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was formed in 2007 and is headquartered in The Woodlands, TX.

  • WES Symbol
  • NYSE Exchange
  • 602 Employees
5 rated
  • $9.11, +$0.28 (+3.17%) Previous Close
  • 1,967,233 Previous Volume
  • $2.90 / $31.99 52 week low / high
  • -71.52% Percent off 52 week high
  • 2020-06-02 Updated
  • 23.83% Dividend yield (trailing)
  • 3.41% Dividend yield (forward)
  • 189,550,755 Public float
  • 443,971,000 Outstanding shares
  • 13.05 P/E
  • 3.92 B Market Cap
Free disabling of ads

Financial data

The information is not 100% up-to-date. There may be errors or something missing. Often something is missing, there are almost no errors, but I can't rule them out. Now I'm looking for a supplier of high-quality information, but so far what I find is expensive (about $ 2000 a year).
19 ← 15 2019-12 2018-12 2017-12 2016-12 2015-12
Total Revenue
2.7B 2B 2.3B 1.7B 1.4B
Cost Of Revenue
1.6B 1.2B 1.5B 1B 940M
Gross Profit
1.2B 810M 730M 700M 430M
Research and Development
Selling General and Admin
Operating Expense
1.7B 1.2B 1.6B 1.1B 990M
Operating Income
1B 710M 630M 610M 350M
Other Income Expense Net
-180M -260M -57M -5.9M -420M
EBIT
1B 710M 630M 610M 350M
Interest Income
300M 190M 140M 120M 110M
Pretax Income
820M 450M 580M 610M -63M
Income Tax
13M 2.9M 4.9M 8.4M 3.4M
Minority Interest
120M 79M 200M 250M -150M
Net Income
660M 370M 380M 330M 86M
Net Income Basic
660M 370M 380M 330M 86M
19 ← 15 2019-12 2018-12 2017-12 2016-12 2015-12
Current cash
100M 92M 80M 360M 100M
Short term investments
Receivables
270M 230M 160M 170M 85M
Inventory
24M 6.4M 11M 7.1M 2.4M
Other current assets
5.8M 6.2M 3M 2.9M 4M
Current assets
400M 340M 260M 600M 290M
Long term investments
1.3B 850M 570M 590M 620M
Property plant equipment
9.1B 6.6B 5.7B 5B 4.3B
Goodwill
450M 420M 420M 420M 390M
Intangible assets
810M 750M 780M 800M 830M
Other assets
14M 23M 13M 15M 30M
Total assets
12B 9.2B 8B 7.7B 6.7B
Accounts payable
290M 350M 350M 120M 65M
Current long term debt
7.9M 28M 350M
Other current liabilities
180M 160M 72M 190M 130M
Total current liabilities
490M 540M 770M 320M 200M
Long term debt
8B 4.8B 3.1B 3.1B 2.7B
Other liabilities
210M 140M 41M 190M
Minority Interest
120M 79M 200M 250M -150M
Total Liabilities
9B 5.7B 4.1B 3.6B 3.2B
Common stock
440M 220M 220M 220M 220M
Retained earning
Treasury stock
240M 170M 180M 180M 190M
Capital surplus
Shareholder equity
3.2B 950M 1.1B 1B 1.1B
Net tangible assets
1.3B -750M -640M -660M -590M
19 ← 15 2019-12 2018-12 2017-12 2016-12 2015-12
Net Income
660M 370M 380M 330M 86M
Depreciation
480M 340M 290M 270M 240M
Changes in receivables
-36M -69M 4.3M -81M
Changes in inventories
Cash change
7.8M 13M -280M 260M 32M
Cash flow
1.4B 1B 920M 930M 680M
Capital expenditures
-1.2B -1.2B -680M -480M -600M
Investments
-2.2B -300M -160M -720M -11M
Investing activity other
Total investing cash flows
-3B -1.5B -790M -1.1B -480M
Dividends paid
-970M -500M -440M -370M -310M
Net borrowings
2.7B 1.3B 380M 430M 280M
Other financing cash flows
-120M -350M -350M -290M -200M
Cash flow financing
1.6B 460M -410M 450M -170M
Exchange rate effect

Dividends

Dividends represent one part of the company’s profits from the previous period. The company distributes them between its owner-shareholders. Businesses may pay out dividends, but they are not obliged to. The method that is used to calculate the dividend is described in the company's dividend policy or articles of association. The clearer and more transparent the calculation principle, the more investors love the company. Many factors affect whether dividends are paid out. The main ones are the need for financing by major shareholders and tax optimization. So, if the state in the person of a fund or state-supported organization is one of the shareholders, the payment of regular dividends is practically guaranteed. The same is true, but to a lesser extent, in the case of a serious debt burden that is incurred by one of the business owners.

It makes no sense to discuss the abstract amount of dividends for the period in isolation of the company's financial indicators, business development prospects, payment history, and current share price. It is important to analyze and understand the reasons for dividend payments and to be skeptical about an unusually high dividend yield. This may be a one-off exceptional case. You will find information about dividends, historical dividend yield, and recovery of the stock price after Western Midstream Partners LP made payouts below.

Free disabling of ads

Dividend History

The dividend payment history is important to analyze when compiling an investment portfolio from which an investor seeks to receive regular income. If the company can make stable payments, this is an indicator that the company is in a good state of affairs. It may happen that the management and the main business owners refuse to pay dividends and instead opt to distribute profits in order to reduce credit commitments or invest in new projects. But the existence of a stable payout history of increasing dividends is a feather in the company's cap. Some issuers pay dividends 2 times a year or even quarterly, which creates a constant cash flow for shareholders. This additionally bolsters the stock price. The dividend payment statistics and the amount of these payments by Western Midstream Partners LP are presented in the table and graph below.

Statistics for 5 years: 2015-2020

Frequency of payments, how many times a year 4
Duration of growth, the number of years 0
Stability of the payments 1.0
Stability of dividend growth 0.0
Dividend growth, simple -4.14 %
Dividend growth, CAGR -0.84 %
Average dividend $0.82
Average dividends per year $3.27
Average dividend yield 2.32 %
Average dividend yield per year 8.78 %
Minimum $0.61 (2019-05-14)
Maximum $0.98 (2019-02-13)
Dividend History, Western Midstream Partners LP (WES)
Declared Date Ex-Dividend Date Record date Pay Date Frequency Payout Amount Yield
2020-04-20 2020-04-30 2020-05-01 2020-05-14 quarterly $0.31 4.42%
2020-01-20 2020-01-30 2020-01-31 2020-02-13 quarterly $0.62 3.82%
2019-10-17 2019-10-31 2019-11-01 2019-11-13 quarterly $0.62 3.2%
2019-07-18 2019-07-30 2019-07-31 2019-08-13 Quarterly $0.62 2.56%
2019-04-19 2019-04-30 2019-05-01 2019-05-14 Quarterly $0.61 2.03%
2019-01-22 2019-01-31 2019-02-01 2019-02-13 Quarterly $0.98 3.14%
2018-10-17 2018-10-30 2018-10-31 2018-11-13 Quarterly $0.96 3.32%
2018-07-17 2018-07-31 2018-08-01 2018-08-13 Quarterly $0.95 2.66%
2018-04-17 2018-05-01 2018-05-02 2018-05-14 Quarterly $0.94 2.59%
2018-01-19 2018-01-31 2018-02-01 2018-02-13 Quarterly $0.92 2.31%
2017-10-12 2017-11-01 2017-11-02 2017-11-13 Quarterly $0.90 2.5%
2017-07-18 2017-07-27 2017-07-31 2017-08-11 Quarterly $0.89 2.23%
2017-04-13 2017-04-27 2017-05-01 2017-05-12 Quarterly $0.88 1.95%
2017-01-17 2017-01-31 2017-02-02 2017-02-13 Quarterly $0.86 1.82%
2016-10-18 2016-10-27 2016-10-31 2016-11-10 Quarterly $0.84 1.97%
2016-07-20 2016-07-28 2016-08-01 2016-08-12 Quarterly $0.83 2.28%
2016-04-22 2016-04-28 2016-05-02 2016-05-13 Quarterly $0.82 2.03%
2016-01-21 2016-01-28 2016-02-01 2016-02-11 Quarterly $0.80 4.03%
2015-10-14 2015-10-29 2015-11-02 2015-11-12 Quarterly $0.78 2.04%
2015-07-16 2015-07-29 2015-07-31 2015-08-12 Quarterly $0.75 1.39%
2015-04-20 2015-04-28 2015-04-30 2015-05-13 Quarterly $0.72 1.17%
2015-01-22 2015-01-29 2015-02-02 2015-02-12 Quarterly $0.70 1.14%
2014-10-28 2014-10-29 2014-10-31 2014-11-13 Quarterly $0.68 1.1%
2014-07-18 2014-07-29 2014-07-31 2014-08-13 Quarterly $0.65 1.13%
2014-04-17 2014-04-28 2014-04-30 2014-05-14 Quarterly $0.62 1.22%
Expand
Free disabling of ads

Stock Price Recovery History

To receive dividends, you must be a company shareholder as of a certain date as determined by the company's Board of Directors. This date is the closing of the shareholder register book or the “dividend cut-off”. On the day following the cut-off, the stock price falls by about the amount of the declared dividend. This is the "dividend gap". Investors are always interested in the following question: how quickly will the company's shares recover from this drop? The more frequently the company pays dividends, the faster the stock price recovers. Many factors influence how quickly the dividend gap is bridged: the news that is released by the company, its expected reporting figures, the purchase/sale of shares by the company's management and large owners, industry events, etc. Historical data about how quickly the Western Midstream Partners LP share price has recovered in the past are presented in the table below:

Stock Price Recovery History, Western Midstream Partners LP (WES)
Ex-Dividend Date Payout Amount Stock Price Days Taken For Stock Price to Recover
2020-04-30 $0.31 $8.68 20
2020-01-30 $0.62 $17.93 -
2019-10-31 $0.62 $21.26 1
2019-07-30 $0.62 $30.50 -
2019-04-30 $0.61 $31.58 66
2019-01-31 $0.98 $31.57 1
2018-10-30 $0.96 $28.89 3
2018-07-31 $0.95 $36.77 9
2018-05-01 $0.94 $33.71 1
2018-01-31 $0.92 $39.53 1
2017-11-01 $0.90 $38.86 62
2017-07-27 $0.89 $41.07 1
2017-04-27 $0.88 $44.38 1
2017-01-31 $0.86 $44.87 1
2016-10-27 $0.84 $43.87 19
2016-07-28 $0.83 $37.20 1
2016-04-28 $0.82 $41.68 19
2016-01-28 $0.80 $27.40 32
2015-10-29 $0.78 $41.60 1
2015-07-29 $0.75 $57.74 1
2015-04-28 $0.72 $63.97 1
2015-01-29 $0.70 $57.29 1
2014-10-29 $0.68 $62.44 5
2014-07-29 $0.65 $58.41 20
2014-04-28 $0.62 $47.95 1
Expand
Free disabling of ads

Historical Annual Dividend Data & Growth

When selecting shares for purchase, investors are interested in how do company managers and major shareholders view the payment of dividends. Were dividends paid in previous years, and, if so, then to what extent? What was the dividend yield, i.e., the ratio of the amount of the dividend and stock price at the time of payment? Is there a tendency to increase the amount of the dividend both in absolute terms and as a % from year to year? For the investor, this is a guarantee of the company's reliability and a demonstration of its stability. If the company has paid dividends over the course of many years, the amounts of payments will increase. This establishes trust with shareholders, and it has a positive effect on the overall image of the company. The table below shows the payment history and dividend yield for Western Midstream Partners LP:

Historical Annual Dividend Data & Growth, Western Midstream Partners LP (WES)
Year Last Stock Price Avg stock price Dividend Sum Dividend Yield (at avg price) Dividend Yield (at last price)
2020 $9.11 $10.86 $0.93 8.59% 10.24%
2019 $19.60 $27.58 $2.83 10.25% 14.43%
2018 $27.73 $34.53 $3.77 10.92% 13.60%
2017 $37.16 $41.98 $3.53 8.41% 9.50%
2016 $42.35 $37.30 $3.29 8.82% 7.77%
2015 $36.29 $53.80 $2.95 5.48% 8.13%
2014 $60.23 $56.69 $1.95 3.44% 3.24%

SWOT

A SWOT analysis is a technique that allows you to conduct a comprehensive express overview of a company. Look at the strengths and weaknesses of the business, and evaluate external opportunities and threats. The result of the analysis is clear, and it will help you to make the right decision. Registered users can compile a SWOT analysis for any issuer. But it should be understood that how facts are distributed on graphs can be subjective. For example, a decision to make large capital expenditures may be a weakness for the company today, but they may offer growth opportunities and competitive advantages in the future. Or if the state participates as a shareholder, then this is a guarantee of stability and reliability. However, this factor may limit the development of the company and expose it to geopolitical risks.

Free disabling of ads
Free disabling of ads

News Western Midstream Partners LP

Free disabling of ads