HOUSTON–(BUSINESS WIRE)–Apr. 17, 2013– Western Gas Partners, LP (NYSE: WES) announced today that the board of directors of its general partner has declared a cash distribution of $0.54 per unit for the first quarter of 2013, representing a 4-percent increase over the prior quarter and a 17-percent increase over the first quarter of 2012. The distribution is payable on May 13, 2013, to unitholders of record at the close of business on April 30, 2013.
Western Gas Equity Partners, LP (NYSE: WGP) also announced today that the board of directors of its general partner has declared a cash distribution of $0.17875 per unit for the first quarter of 2013. The distribution is the second declared by the partnership and represents an 8-percent increase over the non-prorated distribution from the prior quarter. The distribution is payable on May 22, 2013, to unitholders of record at the close of business on April 30, 2013.
The Partnerships plan to report their first-quarter 2013 results after the market closes on Wednesday, May 1, 2013. Management will host a conference call on Thursday, May 2, 2013, at 11 a.m. CDT (12 p.m. EDT) to discuss quarterly results.
The full text of the release announcing the results will be available on the Partnerships’ web site atwww.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 36700946. 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 conference call.
Western Gas Partners, LP is a growth-oriented Delaware master limited partnership formed byAnadarko Petroleum Corporation (NYSE: APC) to own, operate, acquire and develop midstream energy assets. With midstream assets in East, West and South Texas, North-Central Pennsylvania, 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%) ofWestern 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.
Source: Western Gas Partners, LP and Western Gas Equity Partners, LP
Western Gas Partners, LP and Western Gas Equity Partners, LP
Benjamin Fink, CFA
SVP, Chief Financial Officer and Treasurer