Nov 11 - Western Gas Partners LP (WES.N) reported better-than-expected quarterly profit, helped by lower expenses. For the third quarter, net income was $16.7 million, or 30 cents per limited partner unit, lower than $17 million, or 32 cents per limited partner unit, reported last year. Revenue for Western Gas, which gathers and transports natural gas, fell about 36 percent to $61 million.
Analysts on average expected the company to earn 27 cents a share, before items, on revenue of $57.1 million, according to Thomson Reuters I/B/E/S.
Total throughput at the company, a limited partnership formed by Anadarko Petroleum Corp (APC.N) to acquire and develop midstream energy assets, averaged 1,209 million cubic feet per day (mmcf/d), down 8 percent over last year.
Total operating expenses for the quarter dropped 46 percent to $42.7 million.
Shares of the Houston-based company closed at $18.51 Wednesday on the New York Stock Exchange.
Analysts on average expected the company to earn 27 cents a share, before items, on revenue of $57.1 million, according to Thomson Reuters I/B/E/S.
Total throughput at the company, a limited partnership formed by Anadarko Petroleum Corp (APC.N) to acquire and develop midstream energy assets, averaged 1,209 million cubic feet per day (mmcf/d), down 8 percent over last year.
Total operating expenses for the quarter dropped 46 percent to $42.7 million.
Shares of the Houston-based company closed at $18.51 Wednesday on the New York Stock Exchange.
