Q1 2021 Western Midstream Partners LP Post-Earnings Interview With CEO Transcript

Feb 11, 2024

May 17, 2021 / 08:05PM GMT
Kristen Shults - Western Midstream Partners, LP - VP of IR & Communications

Welcome to our first quarter 2021 post earnings chat with Michael Ure, CEO of Western Midstream. Thanks for joining us today.

Let's start off with a question about Winter Storm Uri. Can you break down the $30 million of lost EBITDA from Winter Storm Uri as it relates to throughput or increased costs?

Questions and Answers:

Michael P. Ure - Western Midstream Partners, LP - President, CEO, CFO & Director of Western Midstream Holdings LLC

Sure. The majority relates to the Delaware. About half of that lost EBITDA is due to production declines associated with the period when wells were down during the winter storm. And then about half of it relates to OpEx, primarily in utilities. The other amount was related to the blizzards that happened in the DJ Basin shortly thereafter.

Kristen Shults - Western Midstream Partners, LP - VP of IR & Communications

Are there any long-term effects from Winter Storm Uri?

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