General | Capital Markets | Capital Expenditure
Western Gas Unveils 2015 Outlook
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WES and Western Gas Equity Partners, LP announced their 2015 outlook (in addition to announcing the acquisition of Anadarko's 50% interest in a Delaware Basin gathering facility).
Key highlights include: Adjusted EBITDA of $725-775 million Total capital expenditures (including equity investments but excluding acquisitions) of $675-745 million Maintenance capital equal to 8-11% of Adjusted EBITDA WES distribution growth of no less than 15% WGP distribution growth of no less than 30%Chief Executive Officer Don Sinclair stated: "We believe 2015 will be extremely challenging for our industry, but the support of Anadarko will enable us to generate consistent growth. The anticipated size of our capital program is approximately equal to 2014, and we expect to see additional projects…
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