Western Midstream Partners, LP (WES)

WES Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,256	1,154	1,537	998.53	1,190	896.48
Depreciation & Amortization	796.1	732.3	669.86	600.67	582.37	551.63
Other Amortization	-2.63	-	-	-	-	-
Loss (Gain) From Sale of Assets	16.5	11.11	-296.77	10.1	-103.68	-0.04
Asset Writedown & Restructuring Costs	15.23	14.76	6.21	52.88	20.59	30.54
Loss (Gain) on Equity Investments	5.39	5.19	-1	2.21	2.67	8.87
Stock-Based Compensation	56.2	50.8	37.99	32.01	27.78	27.68
Other Operating Activities	53.41	47.63	73.15	43.73	71.45	70.59
Change in Accounts Receivable	-59.17	36.02	-42.8	-78.35	-116.3	16.37
Change in Accounts Payable	-10.22	-3.97	-21.94	-68.02	-7.81	114.89
Change in Other Net Operating Assets	5.5	174.29	175.19	67.56	34.79	49.86
Operating Cash Flow	2,132	2,223	2,137	1,661	1,701	1,767
Operating Cash Flow Growth	-3.09%	4.01%	28.62%	-2.36%	-3.70%	7.90%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-913.03	-727.99	-833.86	-735.17	-487.23	-313.67
Sale of Property, Plant & Equipment	0.13	0.16	792.26	-	264.32	8.1
Cash Acquisitions	-1,187	-368.64	-0.44	-877.75	-40.13	-
Investment in Securities	24.67	31.39	21.16	37.95	54.27	36.95
Other Investing Activities	-37.07	-20.13	-18.28	-32.33	-9.47	11.08
Investing Cash Flow	-2,113	-1,085	-39.17	-1,607	-218.24	-257.54

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	613.43	2.21	-
Long-Term Debt Issued	-	1,184	789.04	2,449	1,389	480
Total Debt Issued	2,415	1,184	789.04	3,062	1,391	480
Short-Term Debt Repaid	-	-7.97	-615.94	-	-	-21.63
Long-Term Debt Repaid	-	-1,081	-143.85	-1,968	-1,519	-1,433
Total Debt Repaid	-879.65	-1,089	-759.79	-1,968	-1,519	-1,455
Net Debt Issued (Repaid)	1,535	95.73	29.26	1,094	-127.33	-974.6
Issuance of Common Stock	-	-	-	-	1.42	8.53
Repurchase of Common Stock	-	-	-	-134.6	-487.59	-217.47
Common Dividends Paid	-1,456	-1,398	-1,217	-955.83	-719.2	-522.27
Other Financing Activities	-123.41	-105.76	-92.2	-71.71	-65.83	-46.44
Financing Cash Flow	-44.8	-1,408	-1,280	-67.91	-1,399	-1,752

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-24.97	-270.97	817.68	-13.87	84.66	-242.92

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	1,219	1,495	1,303	926.17	1,214	1,453
Free Cash Flow Growth	-15.97%	14.71%	40.69%	-23.72%	-16.45%	19.72%
Free Cash Flow Margin	28.15%	38.89%	36.14%	29.81%	37.34%	50.51%
Free Cash Flow Per Share	3.07	3.85	3.41	2.41	3.06	3.53
Levered Free Cash Flow	866.98	794.36	526.9	377.32	663.05	877.62
Unlevered Free Cash Flow	1,132	1,038	763.47	594.96	871.77	1,113

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	406.63	380.98	360.85	326.95	355.36	375.01
Cash Income Tax Paid	14.42	3.11	2.23	4.13	0.91	0.94
Change in Working Capital	-63.89	206.34	110.46	-78.8	-89.32	181.11

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 3, 2026

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