Western Midstream: 9% Yield Looks Solid Despite Moderating Growth
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Western Midstream Partners is experiencing record throughput in the Delaware basin, but growth is expected to slow. Despite this, the company's 9.2% forward distribution yield is sustainable and may increase to 10% by 2027.
November 19, 2024 | 1:15 pm
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Western Midstream Partners is achieving record throughput but expects slower growth. The 9.2% forward distribution yield is sustainable and could grow to 10% by 2027.
The article highlights Western Midstream's record throughput and sustainable yield, but notes slower growth. The yield remains attractive, which is positive for income-focused investors, but the slower growth tempers short-term price impact.
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IMPORTANCE 80
RELEVANCE 100