Western Gas Partners LP (NYSE:WES) has declared a quarterly cash distribution of $0.33 per unit. The dividend represents a 3.1% increase over the previous quarter. This will be the third consecutive quarterly increase in dividend. The dividend will be payable on February 12, 2010 to unitholders of record as of February 1, 2010.
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The company has scheduled a conference call for Wednesday, March 10, 2010 to review its fourth quarter earnings for fiscal 2009. The company’s management will begin the conference call at 9:00 am CT that morning. The call will be available via webcast on the company’s website, www.westerngas.com.
Western Gas Partners, LP is limited partnership organized by Anadarko to own, operate, acquire and develop midstream energy assets. The Company is engaged in the business of gathering, compressing, treating, processing and transporting natural gas for Anadarko Petroleum Corporation (Anadarko) and other producers and customers. The Company’s assets consist of nine gathering systems, six natural gas treating facilities, two gas processing facilities and one interstate pipeline. Its assets are located in East Texas, the Rocky Mountains (Utah and Wyoming) and the Mid-Continent (Kansas and Oklahoma). The Company’s general partner is Western Gas Holdings, LLC, a wholly owned subsidiary of Anadarko. On December 19, 2008, the Company acquired certain midstream assets from Anadarko.
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