Western Midstream Partners LP - Company Profile
Powered by 
All the data and insights you need on Western Midstream Partners LP in one report.
$295
- Save hours of research time and resources with
our up-to-date Western Midstream Partners LP Strategy Report
- Understand Western Midstream Partners LP position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
Western Midstream Partners LP (Western Midstream), a subsidiary of Occidental Petroleum Corp, is a midstream oil and gas master limited partnership that carries out gathering, compressing, treating, processing and transporting of natural gas. The company also focuses on stabilizing and transporting condensate, crude oil and NGLs to third-party producers in the US. It also offers produced-water services, including gathering and disposing of produced water. The company, through WES owns, operates, acquires and develops midstream energy assets. Its portfolio of assets includes DJ Basin complex, Bison, Fort Union, Mont Belvieu, DBM water systems and Marcellus. Western Midstream is headquartered in The Woodlands, Texas, the US.
Headquarters
United States of America
Address
9950 Woodloch Forest Drive, Suite 2800, The Woodlands, Texas, 77380-7046
Website
www.westernmidstream.com
Telephone
1 832 6361009
No of Employees
1,377
Industry
Energy and Utilities
Ticker Symbol & Exchange
WES (NYSE)
Revenue (2022)
$3.1B
-4.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-16%
(2022 vs 2021)
Market Cap*
$13.2B
Net Profit Margin (2022)
XYZ
-12.1%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Crude Oil | Gathering | Western Midstream |
| Natural Gas | Processing | |
| Natural Gas Liquids (NGLs) | Compressing | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In February, the company announced its plans to be sold from Occidental Petroleum Corp. |
| 2023 | Acquisitions/Mergers/Takeovers | In October, the company acquired Meritage Midstream Services II, LLC. |
| 2023 | Others | In May, the company announced the sanctioning of a new 250 MMcf/d cryogenic processing plant in the North Loving area of West Texas complex, the US. |
Competitor Comparison
| Key Parameters | Western Midstream Partners LP | Phillips 66 | Targa Resources Corp | Kinder Morgan Inc | Aka Energy Group LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | The Woodlands | Houston | Houston | Houston | Durango |
| State/Province | Texas | Texas | Texas | Texas | Colorado |
| No. of Employees | 1,377 | 14,000 | 3,182 | 10,891 | 140 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Peter J. Bennett | Chairman | Executive Board | 2021 | 55 |
| Michael P. Ure | Director; President; Chief Executive Officer | Executive Board | 2022 | 46 |
| Kristen S. Shults | Chief Financial Officer; Senior Vice President | Senior Management | 2022 | - |
| Catherine A. Green | Senior Vice President; Chief Accounting Officer | Senior Management | 2021 | 49 |
| Keith Herndon | Vice President; Chief Information Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward