Western Gas Partners, LP Increases Distribution and Schedules Earnings
HOUSTON -- October 11, 2012
Western Gas Partners, LP (NYSE: WES) announced today that the board of
directors of its general partner has declared a cash distribution of $0.50 per
unit for the third quarter of 2012, representing a 4-percent increase over the
prior quarter and a 19-percent increase over the third quarter of 2011. The
distribution is payable on November 13, 2012, to unitholders of record at the
close of business on October 31, 2012.
The Partnership plans to report its third-quarter 2012 results after the
market closes on Wednesday, October 31, 2012. Management will host a
conference call on Thursday, November 1, 2012, at 11 a.m. CDT (12 p.m. EDT) to
discuss quarterly results.
The full text of the release announcing the results will be available on the
Partnership’s web site at www.westerngas.com. To access the live audio webcast
of the conference call, please visit the investor relations section of the web
site. To participate via telephone, please dial 877.621.4819 and enter
participant code 37619281. Please call in 10 minutes prior to the scheduled
start time. A replay of the call will be available on the web site for two
weeks following the conference call.
Western Gas Partners, LP is a growth-oriented Delaware master limited
partnership formed by Anadarko Petroleum Corporation (NYSE: APC) to own,
operate, acquire and develop midstream energy assets. With midstream assets in
East, West and South Texas, the Rocky Mountains and the Mid-Continent, the
Partnership is engaged in the business of gathering, processing, compressing,
treating, and transporting natural gas, condensate, natural gas liquids and
crude oil for Anadarko and other producers and customers. For more information
about Western Gas Partners, please visit www.westerngas.com.
Note to 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 distributions to foreign investors as being attributable to income that
is effectively connected with a United States trade or business. Accordingly,
Western Gas Partners, LP's distributions to foreign investors are subject to
federal income tax withholding at the highest applicable effective tax rate.
Western Gas Partners, LP
Benjamin Fink, CFA
SVP, Chief Financial Officer and Treasurer
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