Western Midstream: Distribution Increases 52% As The Turnaround Continues
Western Midstream(WES) Seeking Alpha·2024-07-09 02:26
onurdongelNote: WES is a partnership that issues a Schedule K-1. Western Midstream (NYSE:WES) announced a 52% distribution increase in the latest first quarter press release as the partnership achieved an investment grade rating. Not only is the distribution increasing, but so is the balance sheet improving. The last article that I wrote with Rida Morwa focused more on the business itself and the advantages of being part of the Occidental Petroleum (OXY) organization. This one will report the first quar ...