Western Midstream Partners, LP (WES)

WES Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,255	1,212	1,611	1,048	1,251	944
Depreciation & Amortization	740.74	710.78	650.43	600.67	582.37	551.63
Stock-Based Compensation	53.41	50.8	37.99	32.01	27.78	27.68
Other Adjustments	40.03	42.25	-273.27	59.46	-70.86	62.44
Change in Receivables	-42.84	36.02	-42.8	-78.35	-116.3	16.37
Changes in Accounts Payable	14.4	-3.97	-21.94	-68.02	-7.81	114.89
Changes in Other Operating Activities	101.06	174.29	175.19	67.56	34.79	49.86
Operating Cash Flow	2,162	2,223	2,137	1,661	1,701	1,767
Operating Cash Flow Growth	-4.68%	4.01%	28.62%	-2.36%	-3.70%	7.90%
Capital Expenditures	-821.32	-727.99	-833.86	-735.08	-487.23	-313.67
Sale of Property, Plant & Equipment	0.14	0.16	792.26	-0.09	264.32	8.1
Purchases of Investments	-1.77	-	-9.69	-1.15	-9.63	-4.44
Proceeds from Sale of Investments	30.27	31.39	30.85	39.1	63.9	41.39
Payments for Business Acquisitions	-368.64	-368.64	-0.44	-877.75	-40.13	-
Other Investing Activities	-17.99	-20.13	-18.28	-32.33	-9.47	11.08
Investing Cash Flow	-1,179	-1,085	-39.17	-1,607	-218.24	-257.54
Short-Term Debt Issued	-	-	-610.31	609.92	-	-
Net Short-Term Debt Issued (Repaid)	-	-	-610.31	609.92	-	-
Long-Term Debt Issued	1,184	1,184	789.04	2,449	1,389	480
Long-Term Debt Repaid	-416.76	-1,081	-143.85	-1,968	-1,519	-1,433
Net Long-Term Debt Issued (Repaid)	767.4	103.7	645.19	480.81	-129.54	-952.97
Repurchase of Common Stock	-	-	-	-134.6	-487.59	-217.47
Net Common Stock Issued (Repurchased)	-	-	-	-134.6	-487.59	-217.47
Common Dividends Paid	-1,504	-1,463	-1,276	-1,009	-771.39	-557.86
Other Financing Activities	-81.09	-81.07	-679.14	564.32	-45.65	-48.05
Financing Cash Flow	-783.39	-1,408	-1,280	-67.91	-1,399	-1,752
Net Cash Flow	199.05	-270.97	817.68	-13.87	84.66	-242.92
Free Cash Flow	1,340	1,495	1,303	926.25	1,214	1,453
Free Cash Flow Growth	-10.32%	14.71%	40.67%	-23.71%	-16.45%	19.72%
FCF Margin	33.10%	38.89%	36.14%	29.82%	37.34%	50.51%
Free Cash Flow Per Share	3.42	3.85	3.41	2.41	3.06	3.53
Levered Free Cash Flow	1,997	1,411	1,542	1,954	1,182	346.21
Unlevered Free Cash Flow	1,676	1,735	1,919	1,239	1,705	1,753

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q