Western Gas Partners Lp Earnings: Everything You Must Know Now
Western Gas Partners LP (NYSE:WES) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Western Gas Partners Lp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.27 in the quarter versus EPS of $0.35 in the year-earlier quarter.
Revenue: Rose 18.51% to $212.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Western Gas Partners Lp reported adjusted EPS loss of $0.27 per share. By that measure, the company missed the mean analyst estimate of $0.43. It missed the average revenue estimate of $229.15 million.
Quoting Management: “These immediately accretive Marcellus acquisitions further enhance both our geographic diversity and our fee-based asset portfolio,” said Chief Operating Officer, Danny Rea. “We expect that the high quality of the underlying resources in combination with the large inventory of wells not yet connected to the systems will provide significant near-term growth.”
Key Stats (on next page)…