Western Gas Equity Partners (WGP) Stock Price, News & Analysis

Western Gas Equity Partners LP (NYSE:WGP) announced its quarterly earnings data on Tuesday, October, 30th. The pipeline company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.28. The pipeline company earned $507.76 million during the quarter, compared to analyst estimates of $473.40 million. Western Gas Equity Partners had a net margin of 19.06% and a trailing twelve-month return on equity of 11.72%. The company's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share.

Western Gas Equity Partners (NYSE:WGP) pays an annual dividend of $2.41 per share and currently has a dividend yield of 7.31%. WGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 102.99%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for WGP.

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Gas Equity Partners investors own include Energy Transfer (ET), SunCoke Energy Partners (SXCP), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), Cornerstone Strategic Value Fund (CLM), Navios Maritime Midstream Partners (NAP), NGL Energy Partners (NGL) and Government Properties Income Trust (GOV).