Thursday, November 14, 2024

Q3 2024 Western Midstream Partners LP Post-Earnings Presentation

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Daniel Jenkins; Director, Investor Relations; Western Midstream Partners LP

Oscar Brown; Independent Director; Western Midstream Partners LP

Kristen Shults; Senior Vice President, Chief Financial Officer; Western Midstream Partners LP

Daniel Jenkins

Welcome to Western Midstream’s third-quarter 2024 post-earnings call fireside chat with our Chief Financial Officer, Kristen Shults; and our newly appointed Chief Executive Officer, Oscar Brown.

Daniel Jenkins

Oscar, congratulations on your new role. Why don’t you give our investors a quick introduction, a brief overview of your background, and how long you’ve been affiliated with WES?

Oscar Brown

Thanks, Daniel. It’s a great pleasure to be here, and I’ve actually had a great couple of weeks stepping into the role. So my background goes back a long ways. I started my career on the banking side and spent 25 years covering energy companies and working with those companies to grow their businesses and provide capital. About eight years ago, I decided to take the challenge of joining industries and joined Occidental Petroleum and spent four years with the company working with them in business development and leading supply chain and also part of our strategy.
Over that time, really had the opportunity to maintain relationships with certain Board members and the CEO and a lot of the leaders over there. And of course, our Chairman is a great colleague and friend of mine.
So after that, we did part ways. So it’s important to note that we did leave. I’d like to say that I very much like Occi, I continue to like them, but I love WES, and the last five years of my life and part of my time has been spent focused on WES as a Board member and as a director. In the interim period between Occi and WES, I did spend a few years in the renewable space. So really got a chance to live first hand within the energy transition and really experience a lot of the challenges that that part of the energy industry is facing.
So I’m very pleased to be back in the oil and gas business, and very pleased to take sort of additional responsibilities with WES. Of course, I remain on the Board, but I’m really excited with the opportunities we have to grow the company and grow the business and make WES even bigger and better than before.

Daniel Jenkins

That’s a great lead-in. A lot of our investors are probably interested in hearing more of your top priorities for WES. Can we expect to see any changes in strategy in the near term?

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