Western Gas Equity Partners, LP Declares Quarterly Cash Distribution for the Fourth Quarter of 2016, Payable on February 22, 2017
January 17, 2017 at 04:55 pm
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Western Gas Equity Partners, LP also announced that the board of directors of its general partner declared a quarterly cash distribution of $0.46250 per unit for the fourth quarter of 2016, marking a full-year 2016 distribution increase of 19% over the full year 2015. This distribution represents a 3% increase over the prior quarter and a 15% increase over the fourth quarter of 2015. The company's fourth quarter 2016 distribution is payable on February 22, 2017, to unit holders of record at the close of business on February 2, 2017.
Western Midstream Partners, LP acquires, owns, develops and operates midstream assets. The Company is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. The Companyâs midstream assets are located in Texas, New Mexico, Colorado, Utah and Wyoming. In addition, in its capacity as a processor of natural gas, the Company also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain contracts. The Companyâs subsidiaries include Western Midstream Operating GP, LLC, Western Midstream Services, LLC, Western Midstream Services Holdings, LLC and Western Midstream Operating, LP.
WESTERN MIDSTREAM PARTNERS, LP 
