Western Gas Announces First Quarter 2014 Distribution and Schedules Earnings
16% Distribution Growth at WES; 40% at WGP
HOUSTON, TX -- (Marketwired) -- 04/17/14 -- Western Gas Partners, LP
(NYSE: WES) announced today that the board of directors of its
general partner declared a quarterly cash distribution of $0.625 per
unit for the first quarter of 2014. This distribution represents a
4-percent increase over the prior quarter and a 16-percent increase
over the first quarter of 2013. WES's first quarter 2014 distribution
is payable on May 14, 2014, to unitholders of record at the close of
business on April 30, 2014.
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 $0.25 per unit for the first quarter of 2014.
This distribution represents an 8-percent increase over the prior
quarter and a 40-percent increase over the first quarter of 2013.
WGP's first quarter 2014 distribution is payable on May 23, 2014, to
unitholders of record at the close of business on April 30, 2014.
The Partnerships plan to report their first-quarter 2014 results
after the market closes on Tuesday, May 6, 2014. Management will host
a conference call on Wednesday, May 7, 2014, 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 Partnerships' website at www.westerngas.com. To access the
live audio webcast of the conference call, please visit the investor
relations section of the website. To participate via telephone,
please dial (877) 621-4819 and enter participant code 23292162.
Please call in 10 minutes prior to the scheduled start time. A replay
of the call will be available on the website 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,
North-Central Pennsylvania 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, as well as for third-party
producers and customers.
Western Gas Equity Partners, LP is a Delaware master limited
partnership formed by Anadarko Petroleum Corporation to own WES's
general partner and a substantial limited partner interest in WES,
including all of WES's incentive distribution rights.
For more information 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 PARTNERS, LP and WESTERN GAS EQUITY PARTNERS, LP CONTACT:
Benjamin Fink, CFA
SVP, Chief Financial Officer and Treasurer
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