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Western Gas Partners' (WES) CEO Ben Fink on Q3 2017 Results - Earnings Call Transcript

Nov. 01, 2017 6:27 PM ETWestern Midstream Partners, LP (WES)
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Western Gas Partners, LP (NYSE:WES) Q3 2017 Earnings Conference Call November 1, 2017 12:00 PM ET


Jon VandenBrand – Director-Investor Relations

Ben Fink – Chief Executive Officer

Jaime Casas – Chief Financial Officer

Craig Collins – Senior Vice President and Chief Operating Officer


Jeremy Tonet – JPMorgan

Colton Bean – Tudor, Pickering, Holt

Tom Abrams – Morgan Stanley

Shneur Gershuni – UBS

Barrett Blaschke – MUFG Securities

Sel Akyol – Stifel

Faisel Khan – Citigroup


Good day, and welcome to the Western Gas Third Quarter 2017 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Jon VandenBrand, Director of Investor Relations. Please go ahead.

Jon VandenBrand

Thank you. I'm glad you could join us today for Western Gas' Third Quarter 2017 Conference Call. I'd like to remind you that today's presentation includes forward-looking statements and certain non-GAAP financial measures. The accompanying slide deck and last night's earnings release contain important disclosures on forward-looking statements as well as the non-GAAP reconciliations.

Please see the WES and WGP 10-Ks and other public filings for a description of the factors that could cause actual results to differ materially from what we discuss today. These materials are all posted on the Western Gas website at www.westerngas.com.

After some remarks by our CEO, Ben Fink, and our CFO, Jaime Casas, we'll open it up for Q&A. Ben?

Ben Fink

Thank you, Jon. And thank you all for joining us today. There's a lot to talk about this quarter. As predicted, DJ Basin volumes have returned to sequential growth as we see the positive impacts of the rig additions made earlier this year. Delaware Basin volumes were slightly lower on a sequential basis due primarily to two temporal issues: weather and electricity.

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