Thomas Hix - Western Midstream Independent Director of the General Partner

WES Stock  USD 38.87  0.94  2.48%   

Director

Mr. Thomas R. Hix is an Independent Director of the General Partner of the Company. Mr. Hix has served as a director of our general partner and as a member of the Audit Committee and as Chairman of the Special Committee of the Board of Directors since January 2013. Mr. Hix was a business consultant since 2003, and previously served as Senior Vice President of Finance and Chief Financial Officer of Cooper Cameron Corporation from 1995 to 2003. Prior to joining Cooper Cameron, Mr. Hix held several executive finance and accounting positions in the energy industry, and has significant expertise in finance and accounting, as well as experience in mergers and acquisitions since 2013.
Age 71
Tenure 11 years
Address 9950 Woodloch Forest Drive, The Woodlands, TX, United States, 77380
Phone346 786 5000
Webhttps://www.westernmidstream.com
Hix currently serves as a director of Rowan Companies plc, a publicly traded drilling company, and Ascent Resources, LLC, a privately owned exploration and production company focused on natural gas, oil and NGLs in the Appalachian basin. He previously served as a director of Health Care Services Corporationration from 2004 to November 2017, as a director of EP Energy Corporationration from April 2014 to December 2017, and as a director of El Paso Corporationration from 2004 to May 2012.

Western Midstream Management Efficiency

The company has Return on Asset of 0.0777 % which means that on every $100 spent on assets, it made $0.0777 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.4944 %, implying that it generated $0.4944 on every 100 dollars invested. Western Midstream's management efficiency ratios could be used to measure how well Western Midstream manages its routine affairs as well as how well it operates its assets and liabilities. Return On Equity is likely to gain to 0.37 in 2024, whereas Return On Tangible Assets are likely to drop 0.05 in 2024. At this time, Western Midstream's Other Current Assets are comparatively stable compared to the past year. Total Current Assets is likely to gain to about 1 B in 2024, whereas Other Assets are likely to drop slightly above 88.3 M in 2024.
Western Midstream Partners has 7.96 B in debt with debt to equity (D/E) ratio of 2.34, meaning that the company heavily relies on borrowing funds for operations. Western Midstream has a current ratio of 1.18, demonstrating that it may not have the ability to pay its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Western to invest in growth at high rates of return.

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Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates primarily in the United States. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas. Western Midstream operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 1127 people. Western Midstream Partners (WES) is traded on New York Stock Exchange in USA. It is located in 9950 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 and employs 1,377 people. Western Midstream is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification.

Management Performance

Western Midstream Leadership Team

Elected by the shareholders, the Western Midstream's board of directors comprises two types of representatives: Western Midstream inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Western. The board's role is to monitor Western Midstream's management team and ensure that shareholders' interests are well served. Western Midstream's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Western Midstream's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thomas Hix, Independent Director of the General Partner
Nicole Clark, Director of the General Partner
Jennifer Kirk, Director of Western Gas Equity Holdings, LLC
Frederick Forthuber, Director
Kristen Shults, Senior LLC
Steven Arnold, Independent Director of Western Gas Holdings, LLC
Oscar Brown, Director of Western Gas Equity Holdings, LLC
Kenneth Owen, Independent Director of the General Partner
Peter Bennett, Director of Western Gas Equity Holdings, LLC
Kristen CPA, Senior LLC
Keith Herndon, VP Officer
Glenn Vangolen, Chairman of the Board of Western Gas Equity Holdings, LLC
Michael Ure, President, Chief Executive Officer, Chief Financial Officer, Director of the General Partner
Alejandro Nebreda, Senior LLC
David Tudor, Independent Director of Western Gas Holdings, LLC
Lisa Stewart, Independent Director of the General Partner
Scott CFA, Vice Treasurer
Charles Griffie, Senior Vice President - Operations and Engineering of the General Partner
Christopher JD, General VP
Crystal Sled, Diversity, Mgmt
Michael Forsyth, LLC Holdings
Michael Pearl, Chief Financial Officer, Senior Vice President of the General partner
Marcia Backus, Director of Western Gas Equity Holdings, LLC
Catherine Green, Chief Accounting Officer, Vice President of the General Partner
Daniel IV, Director LLC
Daniel Holderman, VP Operations
Craig Collins, Chief Operating Officer, Senior Vice President of Western Gas Equity Holdings, LLC
Craig Stewart, Independent Director of the General Partner
David Schulte, Independent Director of the General Partner
James Crane, Independent Director of Western Gas Holdings, LLC
Christopher Dial, Senior Vice President General Counsel, Corporate Secretary of the General Partner
Robert Bourne, Senior Vice President, Chief Commercial Officer of the General Partner
Jonathan Greenberg, Vice LLC

Western Stock Performance Indicators

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Thematic Opportunities

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