Western Midstream Announces Second-Quarter 2020 Results

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Western Midstream Partners, LP (WES) Tops Q2 EPS by 10c, Revenues Miss

August 10, 2020 4:08 PM EDT

Western Midstream Partners, LP (NYSE: WES) reported Q2 EPS of $0.60, $0.10 better than the analyst estimate of $0.50. Revenue for the quarter came in at $671.76 million versus the consensus estimate of $713.74 million.

"Less-than-expected producer curtailments, commercial successes, and realized cost efficiencies underpin our impressive and above-expectation second-quarter results," said Chief Executive Officer, Michael Ure. "Although our sector continues to face significant uncertainty, we are optimistic that... More