Western Midstream Partners, LP (WES) Misses Q4 EPS by 7c
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Western Midstream Announces Fourth-Quarter and Full-Year 2021 Results
February 23, 2022 4:10 PM ESTAnnounces 2022 Guidance and Annual Enhanced Distribution Framework
HOUSTON--(BUSINESS WIRE)-- Western Midstream Partners, LP (NYSE: WES):
Reported fourth-quarter 2021 Net income attributable to limited partners of $238.2 million, generating fourth-quarter Adjusted EBITDA(1) of $480.9 million, which included $26.2 million of an unfavorable non-cash revenue adjustment. Reported full-year 2021 Net income attributable to limited partners of $896.5 million, generating full-year Adjusted EBITDA(1) of $1.947 billion, exceeding the high end of full-year 2021 Adjusted EBITDA guidance range of $1.825 billion to $1.925 billion. Reported fourth-quarter 2021 Cash flows provided by operating activities of $661.9 million, generating fourth-quarter Free cash... More