Western Gas Partners, LP (WES) will increase its quarterly distribution to $0.845 per unit.
This distribution represents a 9% increase over the third-quarter 2015 distribution of $0.775 per unit.
Western Gas Partners, LP is a master limited partnership formed by Anadarko Petroleum Corporation (APC) to acquire, own, develop and operate midstream energy assets. With midstream assets located in the Rocky Mountains, the Mid-Continent, North-central Pennsylvania and Texas, WES is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids and crude oil for Anadarko, as well as for other producers and customers.