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.
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IMPORTANCE 80
RELEVANCE 90