Western Midstream Partners Distribution Safety Has Improved

Western Midstream Partners Distribution Safety Has Improved
Western Midstream Partners has been beaten up in the general market correction and units now yield 19%. The partnership refinanced its $3 billion term loan to longer-term debt, buying time for the partnership to cover distributions with free cash flow, not just distributable cash flow. A reorganization has made WES’s employees more …
News story posted on 2020-03-03T21:01:00.0000000Z