UPDATE: Western Gas Equity Partners (WGP) Misses Q2 EPS by 11c, Revenues Miss

Western Gas Equity Partners (NYSE: WGP) reported Q2 EPS of $0.31, $0.11 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $435.95 million versus the consensus estimate of $493.28 million.

"Since we initially provided our 2018 guidance last fall, we have been discussing our expectation of a volumetric and cash flow ramp in the second half of this year. I\'m pleased to say that it has begun," said Chief Executive Officer, Benjamin Fink. "Anadarko has successfully brought two Regional Oil Treating facilities online, one late in the second quarter and one earlier this month, and the Delaware Basin generated strong volumetric growth in the second quarter, which should accelerate throughout the remainder of the year. Furthermore, we remain on track to bring both the Mentone I and II trains online late in the third and fourth quarters."

For earnings history and earnings-related data on Western Gas Equity Partners (WGP) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Star Equity Holdings (STRR) Misses Q2 EPS by 8c
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c