Investing.com - Western Midstream Partners reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Western Midstream Partners announced earnings per share of $0.66 on revenue of $837.6M. Analysts polled by Investing.com anticipated EPS of $0.78 on revenue of $855.39M.
Western Midstream Partners shares are down 25.34% from the beginning of the year , still down 7.46% from its 52 week high of $29.50 set on Wednesday, June 8, 2022.
Western Midstream Partners follows other major Energy sector earnings this month
Western Midstream Partners's report follows an earnings beat by Exxon Mobil on Friday, October 28, 2022, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday, October 28, 2022 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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