Recap: Western Midstream Q1 Earnings

Western Midstream WES reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Western Midstream beat estimated earnings by 3.12%, reporting an EPS of $0.66 versus an estimate of $0.64.

Revenue was down $24.32 million from the same period last year.

Last quarter the company beat on EPS by $0.12 which was followed by a 3.42% drop in the share price the next day.

Here's a look at Western Midstream's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.73	0.74	0.76	0.62
EPS Actual	0.85	0.66	0.74	0.75
Revenue Estimate	839.52M	861.08M	806.68M	736.85M
Revenue Actual	779.44M	837.57M	876.42M	758.30M

To track all earnings releases for Western Midstream visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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