Western Midstream Announces First-Quarter 2020 Results

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Go back to Western Midstream Announces First-Quarter 2020 Results

Western Midstream Partners, LP (WES) Reports 1Q Revenues Beat

May 5, 2020 4:15 PM EDT

Western Midstream Partners, LP (NYSE: WES) reported Q1 EPS of ($0.57), $1.08 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $774.31 million versus the consensus estimate of $710.42 million.

"WES's first-quarter results attest to the high-quality of our asset portfolio," said Chief Executive Officer, Michael Ure. "COVID-19 and the resulting precipitous decline in commodity prices have created significant near-to-medium-term uncertainty, but we remain steadfast in our belief that our high-quality assets and the contracts underpinning the financial stability of our portfolio position WES to manage through this unprecedented cycle. Our first-quarter... More