HOUSTON, Jan. 22, 2019 /PRNewswire/ -- Western Gas
Partners, LP (NYSE: WES) announced today that the board of
directors of its general partner declared a quarterly cash
distribution of $0.980 per unit for
the fourth quarter of 2018, resulting in a full-year 2018
distribution increase of 7-percent over the full-year 2017. This
distribution represents a 2-percent increase over the prior quarter
and a 7-percent increase over the fourth quarter of 2017. WES's
fourth quarter 2018 distribution is payable on February 13, 2019, to unitholders of record at
the close of business on February 1,
2019.
Western Gas Equity Partners, LP (NYSE: WGP) also announced today
that the board of directors of its general partner declared a
quarterly cash distribution of $0.6025 per unit for the fourth quarter of 2018,
resulting in a full-year 2018 distribution increase of 12-percent
over the full-year 2017. This distribution represents a 1-percent
increase over the prior quarter and a 10-percent increase over the
fourth quarter of 2017. WGP's fourth quarter 2018 distribution is
payable on February 21, 2019, to
unitholders of record at the close of business on February 1, 2019.
The Partnerships plan to report their fourth-quarter and
full-year 2018 results after the market closes on Thursday, February 14, 2019. Management will host
a conference call on Friday, February 15,
2019, at 11 a.m. CST
(12 p.m. EST) to discuss the
quarterly and annual results. The full text of the release
announcing the results will be available on the Partnerships'
website at www.westerngas.com.
Fourth-Quarter and Full-Year 2018 Results
Friday, February 15,
2019
11 a.m. CST
(12 p.m. EST)
Dial-in
number: 877-883-0383
International dial-in number:
412-902-6506
Participant access code: 8494579
Individuals who would like to participate should dial the
applicable dial-in number listed above approximately 15 minutes
before the scheduled conference call time and enter the access code
when prompted.
To access the live audio webcast of the conference call,
please visit the investor relations section of the Partnerships'
website at www.westerngas.com. A replay of the conference call will
also be available on the website for two weeks following the
call.
Western Gas Partners, LP ("WES") is a growth-oriented
Delaware master limited
partnership formed by Anadarko Petroleum Corporation to acquire,
own, develop and operate midstream assets. With midstream assets
located in the Rocky Mountains, North-central Pennsylvania, Texas and New
Mexico, WES is engaged in the business of gathering,
compressing, treating, processing and transporting natural gas;
gathering, stabilizing and transporting condensate, natural gas
liquids and crude oil; and gathering and disposing of produced
water for Anadarko, as well as for third-party customers. In
addition, in its capacity as a processor of natural gas, WES also
buys and sells natural gas, NGLs and condensate on behalf of itself
and as agent for its customers under certain of its contracts.
Western Gas Equity Partners, LP ("WGP") is a Delaware master limited partnership formed by
Anadarko to own the following types of interests in WES: (i) the
general partner interest and all of the incentive distribution
rights in WES, both owned through WGP's 100% ownership of WES's
general partner, and (ii) a significant limited partner interest in
WES.
For more information about Western Gas Partners, LP, Western Gas
Equity Partners, LP, and Western Gas Flash Feed updates, please
visit www.westerngas.com.
Note regarding Non-United States Investors: This release is
intended to be a qualified notice under Treasury Regulation Section
1.1446-4(b). Brokers and nominees should treat one hundred percent
(100.0%) of Western Gas Partners, LP's and Western Gas Equity
Partners, LP's distributions to non-U.S. investors as being
attributable to income that is effectively connected with a
United States trade or business.
Accordingly, Western Gas Partners, LP's and Western Gas Equity
Partners, LP's distributions to non-U.S. investors are subject to
federal income tax withholding at the highest applicable effective
tax rate.
Western Gas Contact
Jack W.
Spinks
Manager, Investor Relations
jack.spinks@anadarko.com
832.636.6000
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SOURCE Western Gas Partners, LP