Western Midstream: 9% Yield With Growth Tailwinds From Permian Gas Expansion
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Western Midstream is offering a 9% yield, supported by increased gas production in the Permian Basin. The company is expanding its gas gathering and processing capacity, particularly in the Delaware Basin, which is expected to drive long-term growth. However, its low distribution coverage makes it a higher-risk investment compared to peers like Enterprise Products.
November 08, 2024 | 10:00 pm
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Western Midstream is benefiting from increased gas production in the Permian Basin, offering a 9% yield. The company's expansion in the Delaware Basin is expected to drive growth, but low distribution coverage presents higher risk.
Western Midstream's expansion in the Delaware Basin is a positive growth driver, likely boosting revenues and supporting its high yield. However, the low distribution coverage indicates potential financial risk, which could affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90