Investor FAQs

A Master Limited Partnership (“MLP”) is a publicly traded partnership. The nature of the partnership facilitates the “pass through” of income to its partners. This essentially avoids double corporate taxation on profits. Ownership interests in MLPs are referred to as “units.” Investors who own MLP units are considered limited partners of the partnership. For more information, please visit additional resources such as the Alerian MLP University at https://www.alerian.com/education/mlp-101/ or the Energy Infrastructure Council’s website at https://eic.energy.

Western Midstream is listed on the New York Stock Exchange under the ticker symbol “WES”. For more detailed unit information, please visit the Unit Price Information page of the investor relations section of our corporate website.

Yes. Western Midstream pays a distribution in accordance with its partnership agreement. Distributions are paid quarterly in February, May, August and November. For additional details on historical distributions paid, please visit the Distribution History page of the investor relations section of our corporate website.

A distribution is paid by a partnership to its partners. Under the tax code, distributions are a return of capital and are generally tax-deferred. The cost basis in your partnership units (the amount you paid, increased or decreased by various adjustments) is lowered by the amount of the distribution. A dividend is paid by a corporation to its stockholders and is generally taxable in the year it is received.

The distribution is paid to unitholders of record on the specified record date. To be a unitholder of record on the record date, you must purchase units prior to the Ex-Dividend date. For additional details, please visit the Distribution History page of the investor relations section of our corporate website.

The New York Stock Exchange defines Ex-Dividend as “a synonym for ‘without dividend’. The buyer of an ex-dividend stock is not entitled to the next dividend payment. Dividends are paid on a set date to all those shareholders recorded on the books of the company as of a previous date of record.”

No. Western Midstream does not offer a direct investment program. WES units can be purchased through a licensed broker dealer.

No. Western Midstream does not offer a DRIP program at this time.

You will receive a K-1 tax package, which summarizes your allocable share of the partnership’s reportable tax items for the tax year. Western Midstream is a publicly traded master limited partnership. Unitholders are limited partners in the partnership and receive cash distributions. A partnership generally is not subject to federal or state income tax. The annual income, gains, losses, deductions, and credits of the partnership flow through to the unitholders, who are required to report their allocated share of these amounts on their individual tax returns as if they’ve received these items directly.

Western Midstream estimates that Schedule K-1 tax packages will be distributed to our unitholders of record in early March for the proceeding calendar year. For additional information, please visit the K-1 Information tab in the investor relations section of our corporate website.

Western Midstream offers a tax package support center that can assist unitholders to obtain K-1 tax packages, correct account information, and answer basic questions. Unitholders may contact tax package support by dialing (833) 618-2034 or through the internet at https://www.taxpackagesupport.com/westernmidstream. For additional information, please visit the K-1 Information tab in the investor relations section of our corporate website.

Western Midstream’s transfer agent is Computershare Trust Company. Requests regarding transfer of units, lost certificates, or changes of address should be directed to them at:

Computershare Trust Company, N.A.
P.O. BOX 43010
Providence, RI 02940-3010
(781) 575-3100
www.computershare.com

Western Midstream is not able to make address or name changes, confirm holdings or transactions, or perform other administrative tasks affecting the accounts of either registered or non-registered owners. To make these changes or other inquiries, please contact your broker dealer and make sure the K-1 tax package support center has these changes. For additional information, please visit the K-1 Information tab in the investor relations section of our corporate website.