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Western Gas partnerships raise distributions

Western Gas Partners LP increased its cash distribution for the third quarter to 90.5 cents per unit, an increase of 1.5 cents, or 2%, from the previous quarter. The distribution is an increase of 6 cents, or 7%, year over year.

The distribution is payable Nov. 13 to common unit holders of record as of Nov. 2.

Western Gas Equity Partners LP also increased its quarterly cash distribution, to 53.75 cents per unit. The new distribution is a 2% increase quarter over quarter and a 20% increase year over year. It will be paid Nov. 22 to unit holders of record as of Nov. 2.