Western Midstream Partners, LP (WES) CEO Michael Ure on Q1 2020 Results - Earnings Call Transcript

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Q1: 2020-05-05 Earnings Summary

EPS of -$0.57 misses by $1.07
 | Revenue of $774.31M (15.25% Y/Y) beats by $64.53M

Western Midstream Partners, LP (NYSE:WES) Q1 2020 Earnings Conference Call May 6, 2020 2:00 PM ET

Company Participants

Abby Dempsey - Investor Relations
Michael Ure - Chief Executive Officer
Craig Collins - Chief Operating Officer
Mike Pearl - Chief Financial Officer

Conference Call Participants

Shneur Gershuni - UBS
Spiro Dounis - Credit Suisse
Jeremy Tonet - JPMorgan
Derek Walker - Bank of America
Sunil Sibal - Seaport Global Securities
Chris Tillett - Barclays
Shneur Gershuni - UBS

Operator

Good day, and welcome to the First Quarter 2020 Western Midstream Partners Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Abby Dempsey, Investor Relations. Please go ahead, ma'am.

Abby Dempsey

Thank you. I'm glad you could join us today for Western Midstream's first quarter 2020 conference call. I'd like to remind you that today's call, the accompanying slide deck and last night's earnings release contain important disclosures regarding forward-looking statements and non-GAAP reconciliations.

Please reference Western Midstream's Form 10-Q and other public filings for a description of risk factors that could cause actual results to differ materially from what we discuss today. Relevant reference materials are posted on our website.

With me today are Michael Ure, our Chief Executive Officer; Craig Collins our Chief Operating Officer; and Mike Pearl, our Chief Financial Officer.

I now would like to turn the call over to Michael Ure.

Michael Ure

Thank you, Abby, and good afternoon, everyone. I hope this call finds you and your family safe and healthy during these unprecedented times. I'd like to begin this call by thanking our employees for their continued focus, diligence and adaptability all of which directly contributed to our

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