#USA #Houston #Western Midstream #WES #Schedule K-3

Western Midstream Partners Announces Availability of 2024 Schedule K-3

Western Midstream Partners, LP (NYSE: WES), a master limited partnership specializing in midstream assets, has officially announced that its 2024 Schedule K-3 is now available. This important documentation contains items of international tax relevance and is particularly pertinent for a certain segment of their unitholders. If you hold units in the partnership and require this information for reporting purposes, it can be easily accessed online.

What is Schedule K-3?

Schedule K-3 is designed for partners of entities engaged in foreign operations. It provides information that may be crucial for the proper filing of federal income taxes, especially for unitholders who compute foreign tax credits on their returns or those who require detailed information for their unique reporting requirements. As tax regulations can be intricate and change frequently, it's essential for unitholders to stay informed about what is necessary for compliance.

How to Access Your Schedule K-3

Unitholders can access their 2024 Schedule K-3 by visiting www.taxpackagesupport.com/westernmidstream. Should you prefer to receive an electronic copy of your Schedule K-3 via email, you can also contact Tax Package Support by calling their toll-free number at 833-618-2034.

Why This Matters

For partners involved in cross-border transactions or those needing to address foreign income tax matters, having the correct information at hand is paramount. The details provided in Schedule K-3 can help in navigating the complex landscape of international tax obligations. Failing to comply with these requirements could lead to improper filings and potential penalties.

Overview of Western Midstream

Western Midstream Partners, LP operates a diverse array of midstream assets across regions like Texas, New Mexico, Colorado, Utah, and Wyoming. Their operations encompass gathering, compressing, and processing natural gas, as well as transporting various other hydrocarbons. A significant portion of the cash flows from these services is shielded from direct exposure to the volatility of commodity prices due to their fee-based contracts. This business structure provides a measure of stability and predictability in an industry often subject to unpredictable swings in market prices.

In a bid to keep their stakeholders informed, Western Midstream stresses the importance of proper tax reporting and compliance among its unitholders. They encourage partners to review the information presented on Schedule K-3 thoroughly and consult with tax advisors when necessary.

Conclusion

With the availability of the 2024 Schedule K-3, Western Midstream is taking proactive steps to ensure that their unitholders have access to crucial tax-related information. Essentially, this makes the tax filing process smoother and helps unitholders meet their obligations accurately. For investors and stakeholders, staying updated with the latest financial and operational developments from the Partnership is essential to maximize their investment experience.

For more details about Western Midstream Partners and to access their other financial reports, visit www.westernmidstream.com.