Western Midstream Partners, LP (WES)

WES Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	3,106	3,252	2,877	2,773	2,746
Revenue Growth (YoY)	-4.47%	13.02%	3.77%	0.96%	19.42%
Cost of Revenue	927.13	1,075	903.59	768.96	1,085
Gross Profit	2,179	2,176	1,974	2,004	1,661
Selling, General & Admin	232.63	194.02	195.55	155.77	114.59
Other Operating Expenses	710.01	681.51	646.44	1,204	550.89
Operating Expenses	942.64	875.53	841.99	1,360	665.48
Operating Income	1,237	1,301	1,132	643.53	995.23
Interest Expense / Income	348.23	333.94	376.51	380.06	303.29
Other Expense / Income	-138.12	-254.5	-151.42	-269.54	-18.77
Pretax Income	1,027	1,221	906.49	533.01	710.71
Income Tax	4.39	4.19	-9.81	6	13.47
Net Income	1,022	1,217	916.29	527.01	697.24
Preferred Dividends	23.68	27.54	19.82	11.1	5.64
Net Income Common	998.53	1,190	896.48	515.91	662.33
Net Income Growth	-16.06%	32.69%	73.77%	-22.11%	79.28%
Shares Outstanding (Basic)	383	395	411	436	416
Shares Outstanding (Diluted)	384	396	412	436	416
Shares Change	-2.99%	-3.83%	-5.42%	4.77%	89.92%
EPS (Basic)	2.61	3.01	2.18	1.18	1.59
EPS (Diluted)	2.60	3.00	2.18	1.18	1.59
EPS Growth	-13.33%	37.61%	84.75%	-25.79%	-5.92%
Free Cash Flow	926.25	1,214	1,453	1,214	134.85
Free Cash Flow Per Share	2.42	3.07	3.53	2.79	0.32
Dividend Per Share	2.494	1.827	1.268	1.555	2.450
Dividend Growth	36.51%	44.09%	-18.46%	-36.53%	6.75%
Gross Margin	70.15%	66.93%	68.59%	72.27%	60.47%
Operating Margin	39.81%	40.00%	39.33%	23.21%	36.24%
Profit Margin	32.14%	36.58%	31.16%	18.61%	24.12%
Free Cash Flow Margin	29.82%	37.34%	50.51%	43.78%	4.91%
Effective Tax Rate	0.43%	0.34%	-1.08%	1.13%	1.90%
EBITDA	1,975	2,138	1,835	1,404	1,497
EBITDA Margin	63.59%	65.74%	63.77%	50.64%	54.52%
Depreciation & Amortization	600.67	582.37	551.63	491.09	483.26
EBIT	1,375	1,555	1,283	913.07	1,014
EBIT Margin	44.26%	47.83%	44.59%	32.93%	36.92%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).