Western Midstream Partners, LP (WES)

WES Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,740	3,604	3,106	3,251	2,876	2,771
Other Revenue	0.69	1.09	0.97	0.95	0.79	1.34
Revenue	3,740	3,605	3,106	3,252	2,877	2,773
Revenue Growth (YoY)	5.81%	16.05%	-4.47%	13.02%	3.77%	0.96%
Cost of Revenue	1,069	1,053	927.13	1,075	903.59	768.96
Gross Profit	2,671	2,552	2,179	2,176	1,974	2,004
Selling, General & Admin	273.08	271.53	232.63	194.02	195.55	155.77
Other Operating Expenses	377.51	62.67	56.46	78.56	64.27	68.34
Operating Expenses	1,326	984.62	889.76	854.94	811.45	715.2
Operating Income	1,344	1,568	1,290	1,321	1,162	1,288
Interest Expense	-384.15	-378.51	-348.23	-333.94	-376.51	-380.06
Interest & Investment Income	-	-	-	-	-	11.74
Earnings From Equity Investments	92.57	112.39	152.96	183.48	204.65	226.75
Other Non Operating Income (Expenses)	28.54	31.74	5.68	1.6	-0.62	1.03
EBT Excluding Unusual Items	1,081	1,333	1,100	1,172	989.64	1,148
Impairment of Goodwill	-	-	-	-	-	-441.02
Gain (Loss) on Sale of Investments	-	-	-	109.9	5.4	-8.4
Gain (Loss) on Sale of Assets	296.77	296.77	-10.1	-6.22	-5.36	-12.37
Asset Writedown	-12.25	-6.21	-52.88	-20.59	-30.54	-174.49
Other Unusual Items	-	5.4	15.38	0.09	-24.94	11.23
Pretax Income	1,366	1,629	1,052	1,256	934.19	522.85
Income Tax Expense	8.21	18.11	4.39	4.19	-9.81	6
Earnings From Continuing Operations	1,358	1,611	1,048	1,251	944	516.85
Minority Interest in Earnings	-64.6	-74.29	-49.48	-61.89	-47.52	-0.94
Net Income	1,293	1,537	998.53	1,190	896.48	515.91
Net Income to Common	1,293	1,537	998.53	1,190	896.48	515.91
Net Income Growth	-13.37%	53.92%	-16.06%	32.69%	73.77%	-22.11%
Shares Outstanding (Basic)	381	380	383	395	411	436
Shares Outstanding (Diluted)	383	382	384	396	412	436
Shares Change (YoY)	0.19%	-0.51%	-2.99%	-3.83%	-5.42%	4.77%
EPS (Basic)	3.39	4.04	2.61	3.01	2.18	1.18
EPS (Diluted)	3.38	4.02	2.60	3.00	2.18	1.18
EPS Growth	-13.57%	54.62%	-13.33%	37.64%	84.71%	-25.79%
Free Cash Flow	1,475	1,303	926.17	1,214	1,453	1,214
Free Cash Flow Per Share	3.85	3.41	2.41	3.06	3.53	2.79
Dividend Per Share	0.875	3.500	2.212	2.000	1.284	1.244
Dividend Growth	-72.66%	58.19%	10.63%	55.76%	3.21%	-49.64%
Gross Margin	71.41%	70.80%	70.16%	66.93%	68.59%	72.27%
Operating Margin	35.95%	43.49%	41.51%	40.63%	40.39%	46.47%
Profit Margin	34.57%	42.63%	32.14%	36.58%	31.16%	18.61%
Free Cash Flow Margin	39.43%	36.14%	29.81%	37.34%	50.51%	43.78%
EBITDA	2,040	2,238	1,905	1,904	1,714	1,780
EBITDA Margin	54.53%	62.07%	61.33%	58.54%	59.56%	64.18%
D&A For EBITDA	695.32	669.86	615.71	582.37	551.63	491.09
EBIT	1,344	1,568	1,290	1,321	1,162	1,288
EBIT Margin	35.95%	43.49%	41.51%	40.63%	40.39%	46.47%
Effective Tax Rate	0.60%	1.11%	0.42%	0.33%	-	1.15%
Revenue as Reported	3,740	3,605	3,106	3,252	2,877	2,773

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q