Cushing Asset Management LP Increases Stake in Western Midstream Partners, LP by 4.4%

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Western Midstream Partners ($NYSE:WES), LP is a leading midstream energy company that operates in the United States. As a master limited partnership (MLP), the company focuses on gathering, processing, and transporting natural gas, crude oil, and other petroleum products. With a strong portfolio of assets in key production areas such as the Permian Basin, Eagle Ford, and Bakken, Western Midstream Partners provides essential infrastructure services to support the growing energy demand in the country. These assets are strategically located near major production areas, providing customers with efficient and cost-effective solutions for their midstream needs. Despite facing challenges in the energy sector, Western Midstream Partners has maintained its strong financial performance.

This reflects a stable and resilient business model that is able to withstand market fluctuations and deliver consistent returns to its investors. One investor that has shown confidence in Western Midstream Partners is Cushing Asset Management LP, also known as NXG Investment Management. With the added support and expertise from NXG Investment Management, Western Midstream Partners is well-positioned to continue its growth trajectory and deliver value to its shareholders. With its strong portfolio of assets, consistent financial performance, and strategic partnerships, the company is poised for future success in the dynamic energy market.

Analysis

After conducting an in-depth analysis of WESTERN MIDSTREAM PARTNERS LP, I can confidently say that this company has a strong overall wellbeing. The star chart shows a health score of 7/10, which indicates that the company is in a good position to weather any potential financial crises. This is due to their solid cashflows and manageable debt levels. Digging further into the company’s financials, I found that WESTERN MIDSTREAM PARTNERS LP excels in dividend payouts and profitability. This is a positive sign for investors, as it shows that the company is generating consistent returns for shareholders. However, the company may not be as strong in terms of asset growth. Based on our analysis, WESTERN MIDSTREAM PARTNERS LP falls under the category of a ‘cow’ company, which means it has a track record of consistently paying out sustainable dividends. This makes it an attractive option for investors who prioritize stability and reliable income from their investments. Investors who may be interested in WESTERN MIDSTREAM PARTNERS LP could include those looking for dividend income, as well as those seeking a well-established company with strong financials. As the company has a medium growth rating, it may also appeal to investors who are willing to trade potential high growth for stability and consistent returns. Overall, WESTERN MIDSTREAM PARTNERS LP appears to be a strong investment option for those looking for a reliable and well-performing company in the energy industry. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for WES. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for WES. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for WES. More…

Key Ratios Snapshot

Some of the financial key ratios for WES are shown below. More…

Peers

The general partner is Anadarko Petroleum Corporation. The partnership owns, operates, develops and acquires midstream energy assets in the United States. The assets include natural gas gathering systems, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, olefins production facilities, pipelines and natural gas and NGL storage facilities.

– Kinder Morgan Inc ($NYSE:KMI)

Kinder Morgan Inc is a leading energy infrastructure company in North America. They own an interest in or operate approximately 84,000 miles of pipelines and 157 terminals. Their pipelines transport natural gas, refined petroleum products, crude oil, and CO2. Terminals handle and store products such as petroleum, chemicals, ethanol, and coal. Kinder Morgan Inc’s market cap as of 2022 is 39.38B. Their ROE is 7.82%.

– Williams Companies Inc ($NYSE:WMB)

The Williams Companies, Inc. is an energy infrastructure company based in Tulsa, Oklahoma. It is engaged in natural gas processing and transportation, as well as oil and gas exploration and production. The company owns and operates a large network of natural gas pipelines, storage facilities, and processing plants in the United States. Williams also has a minority interest in a natural gas pipeline in Canada. The company was founded in 1908 and has a workforce of approximately 4,000 employees.

– Pembina Pipeline Corp ($TSX:PPL)

Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America’s energy industry for over 65 years. Pembina owns and operates an integrated system of pipelines that transport crude oil, natural gas and natural gas liquids (NGLs). Pembina also owns and operates gas gathering and processing facilities and an NGL extraction business. With facilities strategically located in western Canada and in natural gas liquids-rich basins in the United States, Pembina delivers its services to customers where they need it most.

Summary

CUSHING ASSET MANAGEMENT LP, dba NXG INVESTMENT MANAGEMENT, has increased its stake in Western Midstream Partners LP by 4.4%. This indicates confidence in the company’s performance and potential for future growth. Western Midstream Partners LP is a strong investment option due to its stable financials and consistent dividend payouts. The company also benefits from its strategic partnerships and diversified portfolio, which includes assets in various energy sectors.