HOUSTON, Oct. 18, 2016 /PRNewswire/ -- Western Gas
Partners, LP (NYSE: WES) announced today that the board of
directors of its general partner declared a quarterly cash
distribution of $0.845 per unit for
the third quarter of 2016. This distribution represents a
2-percent increase over the prior quarter and a 9-percent increase
over the third quarter of 2015. WES's third quarter 2016
distribution is payable on November 10,
2016, to unitholders of record at the close of business on
October 31, 2016.
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 $0.4475 per unit for the third quarter of
2016. This distribution represents a 3-percent increase over
the prior quarter and a 17-percent increase over the third quarter
of 2015. WGP's third quarter 2016 distribution is payable on
November 22, 2016, to unitholders of
record at the close of business on October
31, 2016.
The Partnerships plan to report their third-quarter 2016 results
after the market closes on Tuesday, November
1, 2016. Management will host a conference call on
Wednesday, November 2, 2016, at
8 a.m. CDT (9
a.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.
Third-Quarter 2016 Results
Wednesday, November 2,
2016
8 a.m. CDT
(9 a.m. EDT)
Dial-in
number: 844-836-8745
International dial-in number:
412-317-5439
Individuals who would like to participate should dial the
applicable dial-in number listed above approximately 15 minutes
before the scheduled conference call time. Pre-registration is
available through the investor relations page at
www.westerngas.com. Pre-registrants will be issued a personal
identification number to use when dialing in to the live conference
call, which will enable the participant to bypass the operator and
gain immediate access to the call.
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 energy assets. With midstream
assets located in the Rocky Mountains, the Mid-Continent,
North-central Pennsylvania and
Texas, WES 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 other producers and customers.
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 PARTNERS, LP and
WESTERN GAS EQUITY PARTNERS, LP
CONTACT:
Jonathon E. VandenBrand
Director, Investor Relations
jon.vandenbrand@anadarko.com
832.636.1007
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SOURCE Western Gas Partners, LP