WES - Western Midstream: This 9%-Yielding MLP May Be Worth Buying Now
2024-06-20 16:07:47 ET
Summary
- Done properly, income investing can address the age-old dilemma of having to continuously work to make ends meet.
- Western Midstream topped the analyst consensus for revenue in the first quarter.
- The company is making progress to bring its net leverage ratio to its 3x target.
- Units of Western Midstream could be trading at a 16% discount to fair value.
- The MLP could be poised to generate 50%+ cumulative total returns through the end of 2026.
Anybody remotely familiar with the concept of passive income probably knows many of the more popular quotes on the subject from investing legends. They've probably even read them in articles here on Seeking Alpha numerous times.
Still, I would contend that some quotes are so filled with breathtaking wisdom that they are worth repeating. So, for the sake of this article, I'll start with one of my favorites:
Western Midstream: This 9%-Yielding MLP May Be Worth Buying NowIf you don't find a way to make money while you sleep, you will work until you die. Berkshire Hathaway Chairman and CEO Warren Buffett