HOUSTON -- (Business Wire)
Western Gas Partners, LP (NYSE: WES) announced today that the board of
directors of its general partner has declared a cash distribution of
$0.52 per unit for the fourth quarter of 2012, representing a 4-percent
increase over the prior quarter and an 18-percent increase over the
fourth quarter of 2011. The distribution is payable on February 12,
2013, to unitholders of record at the close of business on February 1,
Western Gas Equity Partners, LP (NYSE: WGP) announced today that its
board of directors has declared a prorated cash distribution of $0.03587
per unit for the fourth quarter of 2012. The distribution is the first
declared by the partnership and corresponds to a quarterly distribution
of $0.165 per unit, or $0.66 per unit on an annualized basis. The
initial distribution was prorated for the 20-day period from the date of
the closing of the partnership's initial public offering on December 12,
2012, through the end of the quarter, pursuant to the terms of the
partnership agreement. The distribution is payable on February 21, 2013,
to unitholders of record at the close of business on February 1, 2013.
The Partnerships plan to report their fourth-quarter 2012 results after
the market closes on Wednesday, February 27, 2013. Management will host
a conference call on Thursday, February 28, 2013, at 11 a.m. CST (12
p.m. EST) to discuss quarterly results.
The full text of the release announcing the results will be available on
the Partnerships’ web site at www.westerngas.com.
To access the live audio webcast of the conference call, please visit
the investor relations section of the web site. To participate via
telephone, please dial 877.621.4819 and enter participant code 88744809.
Please call in 10 minutes prior to the scheduled start time. A replay of
the call will be available on the web site for two weeks following the
Western Gas Partners, LP is a growth-oriented Delaware master limited
partnership formed by Anadarko Petroleum Corporation (NYSE: APC) to own,
operate, acquire and develop midstream energy assets. With midstream
assets in East, West and South Texas, the Rocky Mountains and the
Mid-Continent, the Partnership is engaged in the business of gathering,
processing, compressing, treating, and transporting natural gas,
condensate, natural gas liquids and crude oil for Anadarko and other
producers and customers.
Western Gas Equity Partners, LP is a Delaware master limited partnership
formed by Anadarko Petroleum Corporation to own WES’s general partner
and a substantial limited partner interest in WES, including all of
WES’s incentive distribution rights.
For more information please visit www.westerngas.com.
Note to Non-United States Investors: This release is intended to be a
qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers
and nominees should treat one hundred percent (100.0%) of Western Gas
Partners, LP's and Western Gas Equity Partners, LP’s distributions to
foreign investors as being attributable to income that is effectively
connected with a United States trade or business. Accordingly, Western
Gas Partners, LP's and Western Gas Equity Partners, LP’s distributions
to foreign investors are subject to federal income tax withholding at
the highest applicable effective tax rate.
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Western Gas Partners, LP and Western Gas Equity Partners, LP
SVP, Chief Financial Officer and Treasurer
Source: Western Gas
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