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Western Midstream Partners LP (WES) owns, operates, acquires, and develops midstream energy assets.

The company, through its subsidiary, is engaged in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, NGLs, and crude oil.

It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania, and Texas.

The company was formerly known as Western Gas Equity Partners, LP, and changed its name to Western Midstream Partners, LP in February 2019.

Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.

Three key data points gauge Western Midstream or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

WES Price

Western’s share price increased about 8.8% in the past year from $34.73 to $37.79 as of Thursday’s market close.

In the past 5 years, the company’s share price has ranged from $3.07 to $42.89. By the way, Western’s all-time high price of 66.24 was reached on November 19, 2014.

Should the company conform to the median of one-year price target estimates from 12 analysts tracking Western for brokers, the share price could grow $3.01 to $40.80 in the next year.

WES Dividend

Western Midstream has paid variable quarterly dividends since February 21st, 2013.

The company’s most recent Q dividend of $0.88 was declared January 24th for shareholders of record prior to February 3rd, and the payout is was made February 14th.

A forward-looking annual dividend of $3.50 yields 9.26% per Thursday’s closing price.

WES Returns

Putting it all together, a $6.51 estimated gross gain per share shows up by adding Western Midstream’s annual $3.50 dividend to the estimated $3.01 estimated annual price gain, totaling that $6.51 gross amount.

A little under $1000 buys 26 shares at Wednesday’s $37.79 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.385 per share out of the $6.51 gross-gain to give us a $6.125 net amount per share to multiply by 26 shares, to equal $159.25 for about a 16% estimated net gain on the year.

Furthermore, the $92.60 annual dividend income from $1,000 invested in Western Midstream Partners LP is nearly 2.45 times greater than the single-share price. By these numbers, Western Midstream may be an ideal dividend dog.

Therefore, you may choose to pounce on WES as an 18-year-old quarterly dividend-paying energy midstream company with 12 12-year dividend record.

The exact track of Western Midstream Partners LP's future price and dividend will entirely be determined by market action and company finances.

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