Western Midstream Partners, LP (WES)

I maintain a dividend growth portfolio of 16 stocks and track hundreds more, frequently analyzing MLPs and midstream companies. Ranking stocks is challenging due to differing investor needs; my favorites may not suit everyone's goals or risk profiles. MLPs and midstream firms appeal to me for their blend of income, growth, and essential role in supporting rising U.S. energy production.

Pipeline operators with strong cash flow, steady growth projects, and well-covered payouts can be the backbone of an income portfolio. Let's look at three master limited partnerships (MLPs) that offer ultra-high yields, dependable operations, and steady growth.

Western Midstream offers a high single-digit dividend yield, supported by strong cash flow and disciplined leverage, making it an attractive income investment. The company posted robust quarterly growth, with record adjusted EBITDA and increased volumes across natural gas, NGL, and crude oil segments. Significant expansion projects, including the North Loving II and Pathfinder pipelines, position Western Midstream for future growth and enhanced processing capacity.

Western Midstream plans at least $1.1B capex in 2026, boosted by its Aris deal and North Loving expansion to drive Delaware Basin growth.

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Aris Water Solutions, Inc. (NYSE: ARIS) to Western Midstream Partners, LP (NYSE: WES). Under the terms of the proposed transaction, Aris shareholders may elect to receive 0.625 WES common units, $25.00 in cash (without interest), or a combination of both, for each share of Aris common stock held, wi.

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AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON , Aug. 11, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that tomorrow before the market open it will make available on its website at www.westernmidstream.com a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer, and Jon VandenBrand, Senior Vice President, Commercial, that provides additional insights related to WES's second-quarter 2025 results. In addition, WES intends to participate in the following investor conferences during the third and fourth quarters of 2025: Citi's 2025 Natural Resources Conference in Las Vegas, Nevada on August 12 – 13, 2025 NYSE Energy & Utilities Virtual Investor Access Day on September 18, 2025 Wolfe Utilities, Midstream & Clean Energy Conference in New York, New York on October 1, 2025 ABOUT WESTERN MIDSTREAM Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets.

The company has generated more than 560% total return during the last five years, which surpasses both MLP peers and S&P 500 performance. The company maintains strong fundamentals and delivers record adjusted EBITDA of $618M, while paying quarterly distributions of $0.91. The $2B acquisition of Aris Water enhances WES's infrastructure, while creating opportunities for increased long-term free cash flow.

Energy Transfer (ET -0.14%) stands out in the energy sector for its attractive distribution. The energy midstream giant currently yields over 7.5%.

Western Midstream Partners, LP offers a compelling 9% dividend yield, with management guiding for continued mid-to-low single-digit dividend growth. Shares currently trade below their historical yield, presenting a potential 20% upside to my $48 fair value estimate, alongside attractive income. WES maintains a strong financial position, manageable leverage, and focuses CapEx on high-growth gas and water segments for future expansion.

Western Midstream Partners, LP Common Units (NYSE:WES ) Q2 2025 Earnings Conference Call August 7, 2025 10:00 AM ET Company Participants u - Corporate Participant h - Corporate Participant s - Corporate Participant Daniel Edwards Jenkins - Director of Investor Relations—Western Midstream Holdings LLC Daniel P. Holderman - Senior VP & COO of Western Midstream Holdings, LLC Jonathon E.

WES Q2 earnings and revenues gain on higher natural gas, crude oil and NGLs throughput volumes.

While the top- and bottom-line numbers for Western Midstream (WES) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

HOUSTON--(BUSINESS WIRE)--Western Midstream Partners, LP (“WES” or the “Partnership”) (NYSE: WES) and Aris Water Solutions, Inc. (“Aris”) (NYSE: ARIS) announced today that the parties have entered into a definitive agreement pursuant to which WES will acquire all of the outstanding shares of Aris in an equity-and-cash transaction valued at approximately $1.5 billion. Under the terms of the agreement, Aris shareholders will receive 0.625 common units of WES for each Aris share, with the option t.

Western Midstream Partners said on Wednesday it will acquire Aris Water Solutions in a cash-and-stock deal valued at about $1.5 billion as it aims to diversify operations in the Permian Basin.

EXECUTING ON CORE GROWTH STRATEGY AND REAFFIRMING 2025 FINANCIAL GUIDANCE RANGES Reported second-quarter 2025 Net income attributable to limited partners of $333.8 million, generating record second-quarter Adjusted EBITDA(1) of $617.9 million. Reported second-quarter 2025 Cash flows provided by operating activities of $564.0 million, generating second-quarter Free Cash Flow(1) of $388.4 million.