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Western Gas Equity Partners Lp
Western Gas Equity Partners Lp is a publicly traded partnership focused on owning and operating midstream energy assets. The partnership was formed in 2012 and is based in The Woodlands, Texas. It is traded on the New York Stock Exchange under the ticker symbol WGP.
Western Gas Equity Partners Lp's operations include gathering, processing, and transporting natural gas, natural gas liquids, and crude oil. Its assets are located in the Rocky Mountains, the Midwest, and the Permian Basin. The partnership's customers include natural gas producers, refiners, and other midstream companies.
Western Gas Equity Partners Lp has a diverse asset base, including natural gas gathering and processing facilities, natural gas liquids pipelines, and crude oil gathering and transportation systems. The partnership's strategy is to grow its portfolio of midstream assets through organic development and acquisitions.
Investors and analysts can access Western Gas Equity Partners Lp's financial statements, presentations, and other investor materials on the company's website. The partnership also provides quarterly earnings and other updates to keep investors informed.
Due to the volatile nature of energy commodity prices and the cyclical energy sector, the partnership's unit prices can be unpredictable. For the period ending December 31, 2022, the partnership's net income was $779 million, and its revenue was $733 million. The partnership's net income and revenue for the same period were $779 million and $777 million, respectively. The company had $4,130 million in current assets and $5,824 million in total assets. The partnership had $2,020 million in current liabilities and $4,359 million in total liabilities, as of December 31, 2022.
Wall Street analysts watch Western Gas Equity Partners Lp's unit price and issue estimates and recommendations. A few analysts have rated the company's units as a "hold," while others have rated them as a "buy" or "strong buy." The company's unit price has also been the subject of several analyst reports. Some have increased their target price for the company's units.