Western Gas Partners, LP (WES) will raise its quarterly distribution by 1.6 percent to $0.935 per unit in the second quarter of 2018. The new yield for the MLP is 7.9% and 2018 marks the tenth consecutive year of higher distributions.
The new distribution is payable on May 14, 2018, to unitholders of record at the close of business on May 2, 2018.
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.