Western Gas Partners, LP

Latest Western Gas Partners, LP News and Updates

  • uploads///fractionation spread
    Macroeconomic Analysis

    How a Fall in Fractionation Spread Affected MLPs Last Week

    The Henry Hub-Mont Belvieu fractionation spread fell to $10.1 per barrel for the week ended October 16, 2015.

    By Rekha Khandelwal, CFA
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    Energy & Utilities

    These Were Last Week’s Weakest Energy Stocks

    Integrated energy stock YPF Sociedad Anonima (YPF) was the second weakest on our list last week, and midstream stocks Western Gas Partners (WES) and Shell Midstream Partners (SHLX) ranked third and fourth.

    By Rabindra Samanta
  • uploads///Frac spread
    Macroeconomic Analysis

    Key for Investors: The Fractionation Spread Rose Last Week

    The Henry Hub–Mont Belvieu fractionation spread rose to $13.0 per barrel in the week ending May 13, 2016. The spread was $12.4 per barrel in the previous week.

    By Kurt Gallon
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    Energy & Utilities

    What Wall Street Analysts Recommend for EnLink Midstream

    A total of 63.0% of analysts surveyed by Reuters have rated EnLink Midstream Partners (ENLK) as a “buy” as of June 28.

    By Kurt Gallon
  • uploads///weakest mlps
    Energy & Utilities

    NBLX, WGP, CLMT, CVRR: The Weakest MLPs in the Third Quarter

    Noble Midstream Partners (NBLX) stock fell significantly in August and September as Initiative 97 was started and then made it onto the Colorado ballot as Proposition 112.

    By Rekha Khandelwal, CFA
  • Energy & Utilities

    Why capex, asset mix, and margins drive Western Gas Partners

    Western Gas Partners operates midstream assets located in major onshore producing basins in Wyoming, Colorado, Utah, Kansas, Oklahoma, Pennsylvania, and Texas.

    By Alex Chamberlin
  • uploads///Natural Gas GandP
    Energy & Utilities

    Why natural gas gathering and processing are important for MLPs

    Natural gas gathering and processing is a significant part of the operations of many midstream master limited partnerships.

    By Ingrid Pan
  • uploads///Best Performers
    Macroeconomic Analysis

    Analyzing the Best Performing Midstream MLPs on June 25

    The best performing midstream MLP on Thursday, June 25 was Western Gas Partners (WES). It rose 0.5% yesterday. However, it’s close to its 52-week low.

    By Kurt Gallon
  • uploads///operating margin
    Earnings Report

    This Segment Will Drive EnLink Midstream’s 4Q16 Results

    ENLK expects central Oklahoma region to become its largest operating region by the end of 2017.

    By Kurt Gallon
  • uploads///crude oil supply
    Macroeconomic Analysis

    Expected Increases in Oil, Gas Production: A Positive for MLPs

    US drilling activity in February 2017 US drilling activity stayed strong in major shale plays in February 2017, driven by the slight recovery in commodity prices and the decline in drilling costs with the usage of efficient drilling methods. According to recent Baker Hughes (BKI) rig data, the US rig count rose for the seventh […]

    By Kurt Gallon
  • uploads///accountant _
    Earnings Report

    MLPs’ Strong Earnings Growth Continued in 1Q18

    Master limited partnerships or MLPs saw continued strong earnings growth in 1Q18 after a solid fourth quarter of 2017.

    By Kurt Gallon
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    Energy & Utilities

    Why Williams Companies Is Outperforming Peers in 2017

    Plains GP Holdings (PAGP) was the most battered last month of the four in our peer group, witnessing a new YTD (year-to-date) low of $19.8 in August.

    By Kurt Gallon
  • uploads///AMLP
    Macroeconomic Analysis

    The AMLP ETF Disappointed Last Week

    The Alerian MLP ETF (AMLP) fell 2.94% in the week ended September 11. The ETF tracks an index of 23 midstream MLP companies.

    By Keisha Bandz
  • uploads///growth capex
    Company & Industry Overviews

    Inside the Growth Prospects of ETE, WMB, PAGP, and WGP

    Energy Transfer Partners (ETP) has a capital budget of $3.9 billion for 2017, of which $1.7 billion was spent in the first half of the year.

    By Kurt Gallon
  • uploads///Comps
    Company & Industry Overviews

    Where Does Western Gas Partners Stand Compared to Its Peers?

    Western Gas Partners is lagging behind its peers in terms of operating margin.

    By Kurt Gallon
  • uploads///oil _
    Energy & Utilities

    These Midstream Players Have Created Maximum Wealth for Investors

    In this series, we’ll look at the historical outliers in midstream energy, which have generated massive wealth amid turbulent times.

    By Kurt Gallon
  • uploads///Frac spread
    Energy & Utilities

    Frac Spread Fell by 24.8% in the Last Two Weeks of July: Impact on MLPs

    The Henry Hub-Mont Belvieu fractionation spread, or frac spread, fell by 13.8% to $7.7 per barrel by the end of the week ending July 29, 2016.

    By Kurt Gallon
  • uploads///org struc
    Company & Industry Overviews

    ETE, PAGP, WGP, and ENLC: Analyzing MLPs’ General Partners

    In this series, we’ll perform a comparative analysis of four MLPs’ general partners: Energy Transfer Equity, Plains GP Holdings, Western Gas Equity Partners, and EnLink Midstream LLC.

    By Kurt Gallon
  • uploads///midstream stocks near  week low
    Materials

    Midstream Stocks Approach 52-Week Lows: Time to Buy?

    Several midstream stocks hit their respective 52-week lows in the last five days. Crude oil prices took a hit yesterday amid concerns over trade talks.

    By Rekha Khandelwal, CFA
  • uploads///Cash flows
    Company & Industry Overviews

    How Will the Anadarko Acquisition Benefit Chevron?

    Chevron (CVX) has agreed to acquire Anadarko (APC) in a cash and equity deal.

    By Maitali Ramkumar
  • uploads///p
    Energy & Utilities

    Upstream Stocks Were among the Top Energy Gainers Last Week

    On November 2–9, midstream stock Western Gas Partners (WES) gained the most on our list of energy stocks.

    By Rabindra Samanta
  • uploads///top outperformers
    Energy & Utilities

    AM, NGL, AMGP, and SPH Outperformed Last Week

    On October 9, Antero Midstream Partners (AM) and Antero Midstream GP (AMGP) announced a simplification transaction.

    By Rekha Khandelwal, CFA
  • uploads///inventory
    Energy & Utilities

    Smaller Build in US Natural Gas Inventories Supported Prices

    The EIA reported that US natural gas inventories increased by 35 Bcf (billion cubic feet) to 2,308 Bcf on July 20–27.

    By Gordon Kristopher
  • uploads///si
    Energy & Utilities

    Can Crestwood Equity Partners Gain Upward Momentum from Here?

    Crestwood Equity Partners (CEQP) was trading 4.0% above its 50-day SMA (simple moving average) and 22.0% above its 200-day SMA on July 13.

    By Kurt Gallon
  • uploads///DJ basin
    Company & Industry Overviews

    Key Update: Anadarko Petroleum’s DJ Basin Operations

    Anadarko Petroleum’s (APC) DJ Basin upstream operations are to receive $1 billion–$1.5 billion in capex this year. Per Anadarko Petroleum management, free cash flow from the region is expected to surpass $1 billion.

    By Keisha Bandz
  • uploads///capex
    Company & Industry Overviews

    WES Increased 2018 Capital Guidance, DCP Announced New Projects

    In this article, we’ll look at the 2018 capital spending plans of the four selected peers.

    By Kurt Gallon
  • uploads///anr
    Energy & Utilities

    MLP Rating Updates for the Week Ending April 13

    Credit Suisse initiated coverage on CVR Refining (CVRR) with a “neutral” rating and assigned a target price of $14.

    By Kurt Gallon
  • uploads///Value chain
    Company & Industry Overviews

    Who’s Protected from FERC’s Revised Income Tax Policy?

    Midstream companies such as Kinder Morgan (KMI), Targa Resource (TRGP), and ONEOK (OKE) are taxed as C-corps, so the revised policy doesn’t apply to them.

    By Kurt Gallon
  • uploads///WES
    Company & Industry Overviews

    First Reserve Unloaded Major Position in WES

    In this part of the series, we’ll look at the recent institutional activity for Western Gas Partners (WES), the MLP subsidiary of Anadarko Petroleum Corporation (APC).

    By Kurt Gallon
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    Energy & Utilities

    What’s Next for Tallgrass Energy Partners?

    Tallgrass Energy Partners (TEP) stock has been volatile in 2018. The stock fell steeply at the start of February.

    By Rekha Khandelwal, CFA
  • uploads///EQM
    Earnings Report

    EQT Midstream Partners Posted 20.0% Earnings Growth in 2017

    EQT Midstream Partners posted a strong 18.0% YoY (year-over-year) rise in its EBITDA during the most recent quarter.

    By Kurt Gallon
  • uploads///WES
    Earnings Report

    Western Gas Partners Beat Its Earnings Estimate in 4Q17

    Western Gas Partners (WES) posted a 1.8% YoY (year-over-year) rise in its adjusted EBITDA in 4Q17.

    By Kurt Gallon
  • uploads///segment EBITDA
    Earnings Report

    Which Segment Drove Williams Partners’ 4Q17 Performance?

    Williams Partners’ (WPZ) Atlantic Gulf segment posted a 4.6% YoY decline in its adjusted EBITDA during the fourth quarter.

    By Kurt Gallon
  • uploads///processing
    Energy & Utilities

    EIA Projections for Natural Gas Processing Capacity in Appalachia

    Natural gas processing capacity Natural gas processing is the process of separating dry natural gas from natural gas plant liquids (or NGPL). The process involves the removal of water, carbon dioxide, sulfur, and the like because they could potentially cause mechanical issues during pipeline transit. The increase in natural gas production in the Appalachian region has therefore […]

    By Keisha Bandz
  • uploads///Permian
    Earnings Report

    A Sneak Peek into Energy Transfer Partners’ 3Q17 Volumes

    According to the EIA, crude oil production in the Permian region rose 21.4% YoY (year-over-year) in 3Q17, while natural gas production grew 16.7% YoY.

    By Kurt Gallon
  • uploads///anr
    Energy & Utilities

    MLP Rating Updates Last Week

    EnLink Midstream LLC (ENLC), the GP (general partner) of EnLink Midstream Partners (ENLK), was raised by UBS to a “buy.”

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Top MLP Losers in the Week Ending September 22

    Ferrellgas Partners (FGP), which is involved in propane logistics and distribution, was the top MLP loser in the week ending September 22.

    By Kurt Gallon
  • uploads///org struc
    Company & Industry Overviews

    The Key General Partners of MLPs: ETE, WMB, PAGP, and WGP

    The four MLP partners we’ll compare in this series are Energy Transfer Equity, Western Gas Equity Partners, Plains GP Holdings, and Williams Companies.

    By Kurt Gallon
  • uploads///project
    Company & Industry Overviews

    What Are Buckeye Partners’ Current Expansion Plans?

    BPL recently announced its plans to enter the prolific Permian Basin, where it plans to build a 600-mile haul pipeline.

    By Kurt Gallon
  • uploads///WLL
    Company & Industry Overviews

    What Are Anadarko Petroleum’s Capex Plans in 2017?

    Anadarko’s 2017 capex plan On March 7, 2016, Anadarko Petroleum (APC) announced its 2017 capex program and guidance. The 2017 capital expenditure budget is $4.5 billion–$4.6 billion, a ~40% increase from its capex of $3.3 billion in 2016.  The $2.8 billion reported above does not include its $491 million of capital spending in Western Gas Partners […]

    By Keisha Bandz
  • uploads///capex
    Company & Industry Overviews

    Why Western Gas’s Capital Spending Could Recover in 2017

    Western Gas Partners’ (WES) growth capital spending started to decline at the beginning of the rout in energy prices.

    By Kurt Gallon
  • uploads///eagle ford
    Company & Industry Overviews

    How Western Gas Could Win—and Lose—from Anadarko’s Asset Sale

    Anadarko Petroleum, Western Gas Partners’ sponsor, recently announced the sale of its Eagle Ford assets to Houston-based Sanchez Energy for $2.3 billion.

    By Kurt Gallon
  • uploads///EP
    Company & Industry Overviews

    Anadarko Petroleum to Sell Its Marcellus Natural Gas Assets

    On December 21, 2016, Anadarko Petroleum announced that it had agreed to sell a portion of its Marcellus natural gas (UGAZ) assets for ~$1.2 billion.

    By Keisha Bandz
  • uploads///MLP structure type
    Macroeconomic Analysis

    Do MLPs Benefit from the LP-GP Model?

    MLPs generally have an LP-GP (limited partner and general partner) model structure in which the LP is a publicly traded entity and owns the majority of the operating assets.

    By Kurt Gallon
  • uploads///segment data
    Earnings Report

    Which Segment Will Drive DCP Midstream’s 3Q16 Performance?

    Natural Gas Services DCP Midstream Partners’ (DPM) Natural Gas Services segment mainly provides natural gas gathering, processing, compression, and transportation services. Natural Gas Services is DPM’s largest business segment. It alone accounted for 63.8% of DPM’s 2Q16 adjusted EBITDA (earnings before interest, tax, depreciation, and amortization). The segment’s 3Q16 earnings could be negatively impacted by […]

    By Kurt Gallon
  • uploads///forward distribution yield to distribution growth
    Company & Industry Overviews

    MEP Trades at a Higher Forward Yield Than Its Peers

    Midcoast Energy Partners’s (MEP) forward distribution yield at 11.7% is higher compared to its peer average of 6.4%.

    By Rekha Khandelwal, CFA
  • uploads///segment data
    Company & Industry Overviews

    DCP Midstream’s Natural Gas Service Segment Is Facing Headwinds

    DPM’s Natural Gas Services segment mainly provides natural gas gathering, processing, compression, and transportation services.

    By Kurt Gallon
  • uploads///Frac spread
    Macroeconomic Analysis

    Why Did the Frac Spread Keep Rising Last Week?

    The Henry Hub–Mont Belvieu fractionation spread rose for the third consecutive week to $14.5 per barrel last week.

    By Kurt Gallon
  • uploads///Frac spread
    Macroeconomic Analysis

    Behind the Fractionation Spread: Key Investor Data

    The Henry Hub-Mont Belvieu fractionation spread rose to $11.53 per barrel in the week ending March 25. The spread was $11.37 per barrel the previous week.

    By Kurt Gallon
  • uploads///fractionation spread
    Macroeconomic Analysis

    Fractionation Spread Rose after Falling for 3 Weeks in a Row

    The Henry Hub-Mont Belvieu fractionation spread rose to $11.2 per barrel in the week ending November 27. It was $10.3 per barrel in the previous week.

    By Rekha Khandelwal, CFA
  • uploads///fractionation spread
    Macroeconomic Analysis

    Fractionation Spread Rose Last Week, Impacting Energy MLPs

    The Henry Hub-Mont Belvieu fractionation spread rose to $11.5 per barrel for the week ending October 30, 2015. The spread was $10.5 per barrel in the previous week.

    By Rekha Khandelwal, CFA
  • uploads///Dividend Per Share And Quarter On Quarter Dividend Growth Rate Of Western Gas Partners LP
    Company & Industry Overviews

    Midstream Energy Firms Outperform as Western Gas Partners LP Raises Dividends

    3Q15 dividend grew by 3.33% over 2Q15 Western Gas Partners LP (WES) has announced a quarterly dividend of $0.775 per share on October 14, 2015, for 3Q15. The dividend grew by 3.33% in 3Q15 over 2Q15. The record date for the dividend is November 2, 2015, at the close of business hours. The dividend will […]

    By Rabindra Samanta
  • uploads///Total Returns
    Company & Industry Overviews

    Western Gas and Antero Midstream Underperformed AMLP

    Western Gas Partners and Antero Midstream Partners underperformed AMLP by 4.14 percentage points and 2.24 percentage points in term of the YTD returns.

    By Kurt Gallon
  • uploads///EPDs ngl pipelines and services segments ebitda
    Earnings Report

    How Did EPD’s NGL Pipelines and Services Segment Perform in 2Q15?

    Enterprise Products Partners (EPD) carries out its operations through five reportable segments. NGL Pipelines and Services is the MLP’s biggest segment.

    By Rekha Khandelwal, CFA
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