Western Midstream Partners, LP (WES) Misses Q2 EPS by 2c

Western Midstream Partners, LP (NYSE: WES) reported Q2 EPS of $0.55, $0.02 worse than the analyst estimate of $0.57.

• Achieved record DJ Basin gas throughput of 1.4 Bcf/d for the second quarter, representing a 5-percent sequential-quarter increase.
• Executed a long-term gas gathering and processing agreement with Crestone Peak Resources ("Crestone"), whereby Crestone dedicated all of its existing Watkins acreage, totaling approximately 74,000 acres, to the Partnership. As part of the agreement, Crestone will also dedicate to WES up to 148,000 additional acres that may be acquired and connected to Crestone\'s gas gathering system in the future.

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

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