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    Jeanine Wai • Barclays PLC

    Jeanine Wai is a Senior Research Analyst covering U.S. Integrated Oil and Oil & Gas Exploration & Production at Barclays, recognized for her expertise in high-profile names such as ConocoPhillips and other leading E&P operators. She achieved a TipRanks ranking of #338 among Wall Street analysts and has a documented track record of outperforming sector benchmarks, with price target calls such as her Overweight recommendation on ConocoPhillips driving substantial investor interest and results. Wai's career began as a process engineer at Chevron before advancing through analytic and vice president roles at J.P. Morgan, Nexus Asset Management, and Citi, where she was named an Institutional Investor Rising Star in 2016 and 2017, prior to joining Barclays. She holds a B.S. in Chemical Engineering from UC Berkeley and an MBA from MIT Sloan, and her credentials include diverse buy- and sell-side experience as well as industry-specific analytical roles.

    Jeanine Wai's questions to Western Midstream Partners LP (WES) leadership

    Jeanine Wai's questions to Western Midstream Partners LP (WES) leadership • Q1 2025

    Question

    Jeanine Wai from Barclays PLC requested an update on the new Delaware Basin greenfield plant, its capacity, and its expected financial and operational impact.

    Answer

    Executive Kristen Shults explained that the new 250 million cubic feet/day plant in the Delaware Basin is the company's first major greenfield project, bringing total capacity to 2.2 Bcf/day. She stated the plant will slightly improve gross margin by reducing offload fees but will also increase operating expenses. Shults clarified that throughput will remain stable as existing volumes are redirected, and the plant has been running at full capacity since its launch.

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