Western Midstream Partners LP: A Strategic Overview

Western Midstream Partners LP (WES:US) continues to make waves in the midstream energy sector, demonstrating resilience and strategic acumen in its operations. Headquartered in The Woodlands, TX, WES is a key player in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. The company boasts a market cap of $13.0 billion.

Insider Buying Signals Confidence:

Recent insider transactions by multiple insiders - President and CEO Michael Ure and four board members - acquired 22,300 shares, valued at approximately $752,960 between February 26 and March 1, showcases their belief in the company's growth trajectory.

President and CEO Michael P. Ure has a background in senior leadership at Occidental and Shell and a wealth of experience in mergers and acquisitions.

Ownership Landscape:

WES's ownership landscape is characterized by institutional strength, with notable entities like ALPS Advisors, Inc. holding 23,682,021 shares, Invesco Advisers, Inc. holding 20,426,276 shares, and Harvest Fund Advisors LLC holding 17,615,124 shares. This diversified ownership contributes to stability and resilience in the face of market fluctuations.

Financial and Operational Success:

WES impressively reported a net income of $281.6 million for Q4 2023 and full-year Adjusted EBITDA of $2.069 billion, surpassing expectations. 

In addition to this solid financial performance, record annual natural-gas throughput and strategic acquisitions, including Meritage Midstream Services II, reinforce WES's market position and operational excellence.

WES's recent performance and strategic moves, coupled with experienced leadership, a strong ownership structure, and commitment to sustainability, position the company for continued success in the dynamic energy sector.