HOUSTON, Jan. 17, 2017 /PRNewswire/ -- Western Gas
Partners, LP (NYSE: WES) announced today that the board of
directors of its general partner declared a quarterly cash
distribution of $0.86 per unit for
the fourth quarter of 2016, marking a full-year 2016 distribution
increase of 10-percent over the full-year 2015. This
distribution represents a 2-percent increase over the prior quarter
and an 8-percent increase over the fourth quarter of 2015. WES's
fourth quarter 2016 distribution is payable on February 13, 2017, to unitholders of record at
the close of business on February 2,
2017.
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 $0.46250 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-percent increase
over the prior quarter and a 15-percent increase over the fourth
quarter of 2015. WGP's fourth quarter 2016 distribution is payable
on February 22, 2017, to unitholders
of record at the close of business on February 2, 2017.
The Partnerships plan to report their fourth-quarter and
full-year 2016 results after the market closes on Wednesday, February 22, 2017. Management
will host a conference call on Thursday,
February 23, 2017, at 8 a.m. CST
(9 a.m. EST) to discuss
quarterly 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 2016
Results
Thursday, February 23, 2017
8 a.m.
CST (9 a.m.
EST)
Dial-in number:
877-883-0383
International dial-in number:
412-902-6506
Conference Call Identification:
5700160
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