Western Midstream Partners announced that its board of directors declared a quarterly cash distribution of $0.910 per unit for the first quarter of 2025. This distribution, which annualizes to $3.64 per unit, represents a 4-percent increase over the prior quarter's distribution. The declaration is in line with the partnership's previously announced expectations for distribution growth.
The first-quarter 2025 distribution is scheduled to be paid on May 15, 2025, to unitholders of record at the close of business on May 2, 2025. This confirms the distribution increase that was initially communicated during the fourth-quarter and full-year 2024 earnings announcement. The consistent execution of distribution growth aligns with the partnership's capital allocation framework.
This move reinforces Western Midstream's commitment to returning capital to unitholders, targeting a mid-to-low single-digits annual percentage distribution growth rate. The increase is supported by growth in the underlying business and incremental Free Cash Flow generation.
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