Western Gas Partners LP (WES) Tops Q2 EPS by 1c

Western Gas Partners LP (NYSE: WES) reported Q2 EPS of $0.57, $0.01 better than the analyst estimate of $0.56. Revenue for the quarter came in at $329.9 million versus the consensus estimate of $319.02 million. For the second quarter of 2014, Adjusted EBITDA was $167.3 million and Distributable cash flow was $137.0 million, resulting in a Coverage ratio of 1.30 times for the period.

"Our portfolio's solid second-quarter performance was highlighted by the successful start-up of our Lancaster Plant in the DJ Basin complex, which is currently running at capacity," said Chief Executive Officer, Don Sinclair. "Given the continued high activity level in the DJ Basin, as well as additional capital needed to repurpose a portion of our Haley system to handle rich gas from Anadarko's West Texas drilling activity, we now believe our full-year 2014 total capital expenditures will be between $720 million and $770 million."

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

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