Western Gas Partners, LP

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

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.

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.

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

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.

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

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

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.

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

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 […]

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

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

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.

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

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

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.

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.

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.

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

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

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

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

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.

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.

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

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

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.

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).

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

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

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

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

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 […]

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.

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

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

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

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

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 […]

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

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

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.

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.

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 […]

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

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

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

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.

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.

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.

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 […]

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.

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