Western Midstream Partners Management
Management criteria checks 3/4
Western Midstream Partners' CEO is Michael Ure, appointed in Aug 2019, has a tenure of 4.92 years. total yearly compensation is $9.57M, comprised of 9.2% salary and 90.8% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth $21.56M. The average tenure of the management team and the board of directors is 4.1 years and 3.8 years respectively.
Key information
Michael Ure
Chief executive officer
US$9.6m
Total compensation
| CEO salary percentage | 9.2% |
| CEO tenure | 4.9yrs |
| CEO ownership | 0.1% |
| Management average tenure | 4.1yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
Western Midstream: One Of The Highest Energy Yields
Jul 08Western Midstream: This 9%-Yielding MLP May Be Worth Buying Now
Jun 209.3% Yield And Investment-Grade Rating Yes! Western Midstream
Jun 07Shopping For Income? Don't Ignore 9%-Yielding Western Midstream Partners
May 20Western Midstream Continues To Drive Reliable Returns
May 13Western Midstream: 10% Forward Yield Plus Capital Appreciation From Investment Grade Company
Apr 03Western Midstream: Redlining The Balance Sheet
Mar 16Western Midstream's Recent Strength Doesn't Change The Thesis
Mar 05My Income Climbed 52%, More Capital Gains Ahead: Western Midstream
Feb 28Western Midstream: The Breakout Is Here And It's Likely Not Over
Feb 22Natural Gas Demand Is Soaring: Earn +8% Yields From Western Midstream
Dec 26Finding Diamonds In The Rough: Uncovering Dividend Gems
Dec 15
Western Midstream Partners: Latest Actions Should Drive A Breakout
Nov 02Western Midstream: Meritage Acquisition Should Drive Growth
Oct 26Western Midstream's Lack Of Appreciation Is Your Opportunity
Oct 01Western Midstream Partners LP: Strong And Reliable Yield For The Dividend-Oriented Investor
Sep 25Western Midstream Partners: Guidance Doesn't Reflect Long-Term Opportunity
Aug 13Western Midstream Partners LP: Occidental Benefits
Jul 24Western Midstream: Steady Performer Remains A Buy
Jul 13Western Midstream: Leading The Pack In Midstream
Jun 13Western Midstream: Buy The Dip
Jun 06Western Midstream: Untapped Potential
Feb 21Western Midstream Partners declares $0.50 dividend
Jan 20Western Midstream: Growth Moderating, Bonds Looking Competitive
Nov 04Western Midstream Partners goes ex-dividend tomorrow
Oct 27Western Midstream Partners: A 12% Distribution Yield Could Be Coming Soon
Sep 10Western Midstream: A Double-Digit Yielding Investment For Any Retirement Portfolio
Aug 08Western Midstream Partners goes ex-dividend tomorrow
Jul 28Western Midstream: Still Cheap Despite Operational Strides And Outperformance
May 26Western Midstream: New Deals Speed Up Growth
May 12Western Midstream Is An Important Core Holding For Any Portfolio
Apr 04Western Midstream Partners: Big Payouts In The Pipeline
Feb 25Western Midstream Is Rewarding Shareholders On All Fronts
Jan 26Western Midstream Has Continued Appreciation Potential
Nov 30Western Midstream Partners: Distribution Growth Set To Accelerate In 2022 And Beyond
Oct 24Western Midstream Partners: Cash Flow Machine Just Getting Started
Aug 12Pounding The Table For Western Midstream Partners
Jun 02Western Midstream Partners Q1 2021 Earnings Preview
May 09CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$1b |
| Dec 31 2023 | US$10m | US$881k | US$999m |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$8m | US$767k | US$1b |
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$9m | US$713k | US$896m |
| Sep 30 2021 | n/a | n/a | US$917m |
| Jun 30 2021 | n/a | n/a | US$908m |
| Mar 31 2021 | n/a | n/a | US$949m |
| Dec 31 2020 | US$5m | US$641k | US$516m |
| Sep 30 2020 | n/a | n/a | US$540m |
| Jun 30 2020 | n/a | n/a | US$420m |
| Mar 31 2020 | n/a | n/a | US$321m |
| Dec 31 2019 | US$2m | US$148k | US$662m |
Compensation vs Market: Michael's total compensation ($USD9.57M) is about average for companies of similar size in the US market ($USD13.38M).
Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.
CEO
Michael Ure (46 yo)
4.9yrs
Tenure
US$9,565,657
Compensation
Mr. Michael P. Ure served as Acting Chief Financial Officer at Western Midstream Partners, LP since May 2021 until May 2, 2022. He serves as President, Chief Executive Officer and Director of Western Midst...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.9yrs | US$9.57m | 0.14% $ 21.6m | |
| Senior VP & CFO - Western Midstream Holdings LLC | 2.2yrs | US$3.65m | 0.011% $ 1.6m | |
| Senior VP | 4.6yrs | US$3.48m | 0.035% $ 5.3m | |
| Senior VP & Chief Commercial Officer of Western Midstream Holdings | 4.8yrs | US$3.53m | 0.034% $ 5.2m | |
| Senior Vice President of Business Services - Western Midstream Holdings LLC | 3.3yrs | US$3.45m | 0.017% $ 2.6m | |
| Senior VP & Chief Accounting Officer of Western Midstream Holdings | 4.8yrs | US$2.16m | 0% $ 0 | |
| VP & Chief Information Officer | 1.5yrs | no data | no data | |
| Director of Investor Relations - Western Midstream Holdings LLC | no data | no data | no data | |
| Vice President of Corporate Development - Western Midstream Holdings LLC | 4.7yrs | no data | no data | |
| Senior VP of Human Capital Mgmt. | 4.1yrs | no data | no data | |
| Senior Vice President of South Operations of Western Midstream Holdings | 1.8yrs | no data | 0.0042% $ 635.5k | |
| Senior Vice President of North Operations - Western Midstream Holdings | 1.8yrs | no data | 0.0069% $ 1.1m |
4.1yrs
Average Tenure
47.5yo
Average Age
Experienced Management: WES's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.9yrs | US$9.57m | 0.14% $ 21.6m | |
| Independent Director of Western Midstream Holdings LLC | 3.8yrs | US$279.01k | 0.0082% $ 1.2m | |
| Chairman of Western Midstream Holdings LLC | 4.9yrs | no data | no data | |
| Independent Director of Western Midstream Holdings LLC | 3.8yrs | US$281.01k | 0.0081% $ 1.2m | |
| Independent Director of Western Midstream Holdings LLC | 4.9yrs | US$279.01k | 0.0091% $ 1.4m | |
| Director of Western Midstream Holdings | 3.6yrs | no data | no data | |
| Independent Director of Western Midstream Holdings LLC | 3.8yrs | US$279.01k | 0.0086% $ 1.3m | |
| Director of Western Midstream Holdings LLC | 2.6yrs | no data | no data |
3.8yrs
Average Tenure
55yo
Average Age
Experienced Board: WES's board of directors are considered experienced (3.8 years average tenure).