Western Midstream: A Rock Solid Investment (Rating Upgrade)
Portfolio Pulse from
Western Midstream Partners has been upgraded to a strong buy due to impressive growth in free cash flow and EBITDA, driven by increasing demand for natural gas, particularly from AI and data centers. The company confirmed strong FY 2024 guidance with significant growth expectations.
January 14, 2025 | 5:45 pm
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POSITIVE IMPACT
Western Midstream Partners has been upgraded to a strong buy due to its impressive growth in free cash flow and EBITDA. The company is benefiting from increased demand for natural gas, driven by AI and data centers, and has confirmed strong FY 2024 guidance.
The upgrade to a strong buy is based on Western Midstream's impressive growth metrics and strong future guidance. The increasing demand for natural gas, particularly from AI and data centers, supports the company's growth prospects. The confirmed FY 2024 guidance with 19% growth in free cash flow and 11% growth in adjusted EBITDA indicates potential upside for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100