Western Midstream Partners, LP (WES) Bundle
An Overview of Western Midstream Partners, LP (WES)
General Summary of Western Midstream Partners, LP (WES)
Western Midstream Partners, LP (WES) is a midstream energy company headquartered in Houston, Texas. The company operates as a publicly traded limited partnership focused on midstream energy infrastructure.
| Company Detail | Specific Information |
|---|---|
| Ticker Symbol | WES |
| Exchange Listing | NYSE |
| Founding Year | 2012 |
The company provides critical midstream services including:
- Natural gas gathering and processing
- Crude oil transportation
- Water handling services
- Natural gas compression
Financial Performance in Latest Reporting Period
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.85 billion |
| Net Income | $712 million |
| Adjusted EBITDA | $1.45 billion |
| Distributable Cash Flow | $1.02 billion |
Industry Leadership Position
Western Midstream Partners operates across key production regions including:
- Delaware Basin
- DJ Basin
- Permian Basin
- Anadarko Basin
| Operational Metric | 2023 Measurement |
|---|---|
| Total Gathering Pipelines | 4,700 miles |
| Processing Capacity | 4.1 billion cubic feet per day |
| Water Handling Capacity | 475,000 barrels per day |
Mission Statement of Western Midstream Partners, LP (WES)
Mission Statement Overview
Western Midstream Partners, LP (WES) operates with a mission focused on midstream energy infrastructure and services.
Core Mission Components
| Component | Specific Details |
|---|---|
| Infrastructure Management | Manages 8,500 miles of gathering pipelines across United States |
| Asset Portfolio | Operates 1,700 miles of transmission and transportation pipelines |
| Processing Capacity | Processes approximately 1.4 billion cubic feet of natural gas daily |
Strategic Operational Focus
- Annual gathering and transportation volumes: 1.6 trillion cubic feet equivalent
- Total processing capacity: 4.3 billion cubic feet per day
- Operational presence in key basins: Permian, Delaware, DJ, and Marcellus
Performance Metrics
2023 Financial Performance:
- Total Revenue: $2.83 billion
- Net Income: $712 million
- Adjusted EBITDA: $1.45 billion
Infrastructure Investment
| Investment Category | 2023 Amount |
|---|---|
| Capital Expenditures | $387 million |
| Sustainability Investments | $42 million |
Operational Efficiency
Key Performance Indicators:
- Asset Utilization Rate: 92.5%
- Operational Uptime: 98.3%
- Safety Incident Rate: 0.6 per 200,000 work hours
Vision Statement of Western Midstream Partners, LP (WES)
Vision Statement of Western Midstream Partners, LP (WES)
Strategic Vision FrameworkWestern Midstream Partners, LP (WES) focuses on midstream energy infrastructure operations with specific strategic vision components.
| Vision Aspect | Specific Details |
|---|---|
| Geographic Coverage | Operational presence across Delaware Basin, DJ Basin, Permian Basin |
| Infrastructure Assets | 48 processing plants, 5,200 miles of gathering pipelines |
| Annual Throughput Capacity | 4.1 Bcf/d natural gas, 210,000 barrels/day crude oil |
- Sustainable midstream infrastructure development
- Operational efficiency optimization
- Environmental responsibility commitment
| Performance Indicator | 2024 Target |
|---|---|
| EBITDA | $1.8 billion |
| Debt-to-EBITDA Ratio | 3.5x |
| Distribution Coverage Ratio | 1.4x |
- Expand midstream infrastructure capabilities
- Enhance digital transformation initiatives
- Reduce carbon emissions by 30% by 2030
Core Values of Western Midstream Partners, LP (WES)
Core Values of Western Midstream Partners, LP (WES)
Safety First
Western Midstream Partners prioritizes safety across all operations.
| Safety Metric | 2024 Performance |
|---|---|
| Total Recordable Incident Rate | 0.89 per 200,000 work hours |
| Safety Training Hours | 24,567 employee hours |
| Personal Protective Equipment Investment | $3.2 million |
Environmental Stewardship
Commitment to sustainable midstream operations.
- Methane Emission Reduction: 37% since 2019
- Renewable Energy Integration: 15% of operational power
- Carbon Capture Investment: $45.6 million in 2024
Operational Excellence
Driving efficiency and reliability in midstream infrastructure.
| Operational Metric | 2024 Performance |
|---|---|
| Asset Reliability | 97.3% |
| Operational Uptime | 99.1% |
| Infrastructure Investment | $276 million |
Community Engagement
Supporting local communities where Western Midstream operates.
- Community Investment: $7.4 million
- Local Job Creation: 423 new positions
- Educational Scholarship Program: $1.2 million
Ethical Business Practices
Maintaining highest standards of corporate governance.
| Governance Metric | 2024 Status |
|---|---|
| Board Independence | 78% |
| Compliance Training | 100% employee participation |
| Ethics Reporting Mechanism | 24/7 anonymous hotline |
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