Western Midstream boosts Q3 cash distribution 2.2% to 57.50c per unit

Western Midstream Partners announced that the board of directors of its general partner declared a quarterly cash distribution of 57.50c per unit for the third quarter of 2023, or $2.30 on an annualized basis. This distribution represents a 2.2% increase compared to the second-quarter’s Base Distribution of $0.5625 and is consistent with prior communications regarding a distribution increase upon the close of the acquisition of Meritage Midstream Services II, LLC. WES‘s third-quarter 2023 Base Distribution is payable on November 13, to unitholders of record at the close of business on November 1.