Western Midstream Partners Announces Agreements To Divest Interests In Non-Core Assets For Aggregate Proceeds Of $790M; Sees 2024 Adj. EBITDA $2.2B-$2.4B
Portfolio Pulse from Benzinga Newsdesk
Western Midstream Partners (WES) has announced agreements to sell interests in non-core assets for a total of $790 million. The company anticipates adjusted EBITDA for 2024 to be between $2.2 billion and $2.4 billion.
February 21, 2024 | 9:52 pm
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Western Midstream Partners plans to divest non-core assets for $790M, projecting an adjusted EBITDA of $2.2B-$2.4B for 2024.
The divestiture of non-core assets for $790 million indicates a strategic move by WES to streamline operations and focus on more profitable ventures. The anticipated increase in adjusted EBITDA for 2024 to between $2.2 billion and $2.4 billion suggests a positive outlook for the company's financial health and operational efficiency. This strategic move is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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