Stock Track | Western Midstream Stock Plunges as Q3 Earnings, Revenue Miss Estimates

Stock Track11-08

Shares of Western Midstream Operating, LP. (WES) plummeted by 5.09% on Wednesday, November 7, after the energy infrastructure company reported weaker-than-expected financial results for the third quarter of 2024.

Western Midstream Partners, the parent company of WES, reported earnings of $0.74 per diluted unit for the quarter ended September 30, falling short of analysts' average estimate of $0.82 per unit. The company's revenue of $883.4 million also missed expectations, with analysts projecting revenue of $929.5 million.

Despite the earnings and revenue miss, Western Midstream Partners reported year-over-year increases in both metrics. Earnings per diluted unit rose from $0.70 in the third quarter of 2023, while revenue climbed from $776 million in the same period last year.

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(WES) plummeted by 5.09% on Wednesday, November 7, after the energy infrastructure company reported weaker-than-expected financial results for the third ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WES","symbol_name":"Western Midstream Operating, LP.","start_time":0,"source_url":"","article_id":"1107348882","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107348882","pubTimestamp":1730995587,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Western Midstream Operating, LP.  plummeted by 5.09% on Wednesday, November 7, after the energy infrastructure company reported weaker-than-expected financial results for the third quarter of 2024.Western Midstream Partners, the parent company of WES, reported earnings of $0.74 per diluted unit for the quarter ended September 30, falling short of analysts' average estimate of $0.82 per unit. 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