Western Midstream Partners, LP (WES)
NYSE: WES · Real-Time Price · USD
40.10
+0.25 (0.63%)
Nov 6, 2026, 1:11 PM EST - Market open
WES Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 4,572 | 3,842 | 3,604 | 3,106 | 3,251 | 2,876 |
Other Revenue | 2.14 | 1.8 | 1.09 | 0.97 | 0.95 | 0.79 |
| 4,574 | 3,843 | 3,605 | 3,106 | 3,252 | 2,877 | |
Revenue Growth | 22.29% | 6.61% | 16.05% | -4.47% | 13.02% | 3.77% |
Cost of Revenue | 1,507 | 1,123 | 1,053 | 927.13 | 1,075 | 903.59 |
Gross Profit | 3,067 | 2,721 | 2,552 | 2,179 | 2,176 | 1,974 |
Selling, General & Admin | 450.73 | 398.92 | 271.53 | 232.63 | 194.02 | 195.55 |
Other Operating Expenses | 77.59 | 69.34 | 62.67 | 56.46 | 78.56 | 64.27 |
Operating Expenses | 1,356 | 1,179 | 984.62 | 889.76 | 854.94 | 811.45 |
Operating Income | 1,711 | 1,541 | 1,568 | 1,290 | 1,321 | 1,162 |
Interest Expense | -444.63 | -390.49 | -378.51 | -348.23 | -333.94 | -376.51 |
Earnings From Equity Investments | 76.49 | 85.79 | 112.39 | 152.96 | 183.48 | 204.65 |
Other Non Operating Income (Expenses) | 14.06 | 16.63 | 31.74 | 5.68 | 1.6 | -0.62 |
EBT Excluding Unusual Items | 1,357 | 1,253 | 1,333 | 1,100 | 1,172 | 989.64 |
Gain (Loss) on Sale of Investments | - | - | - | - | 109.9 | 5.4 |
Gain (Loss) on Sale of Assets | -19.86 | -11.11 | 296.77 | -10.1 | -6.22 | -5.36 |
Asset Writedown | -4.23 | -14.76 | -6.21 | -52.88 | -20.59 | -30.54 |
Other Unusual Items | -0.15 | - | 5.4 | 15.38 | 0.09 | -24.94 |
Pretax Income | 1,332 | 1,228 | 1,629 | 1,052 | 1,256 | 934.19 |
Income Tax Expense | 22.76 | 15.09 | 18.11 | 4.39 | 4.19 | -9.81 |
Earnings From Continuing Operations | 1,310 | 1,212 | 1,611 | 1,048 | 1,251 | 944 |
Minority Interest in Earnings | -60.29 | -57.96 | -74.29 | -49.48 | -61.89 | -47.52 |
Net Income | 1,249 | 1,154 | 1,537 | 998.53 | 1,190 | 896.48 |
Net Income to Common | 1,249 | 1,154 | 1,537 | 998.53 | 1,190 | 896.48 |
Net Income Growth | -3.40% | -24.88% | 53.92% | -16.06% | 32.69% | 73.77% |
Shares Outstanding (Basic) | 403 | 386 | 380 | 383 | 395 | 411 |
Shares Outstanding (Diluted) | 405 | 388 | 382 | 384 | 396 | 412 |
Shares Change | 5.75% | 1.42% | -0.51% | -2.99% | -3.83% | -5.42% |
EPS (Basic) | 3.10 | 2.99 | 4.04 | 2.61 | 3.01 | 2.18 |
EPS (Diluted) | 3.09 | 2.98 | 4.02 | 2.60 | 3.00 | 2.18 |
EPS Growth | -8.70% | -25.87% | 54.62% | -13.33% | 37.64% | 84.71% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,099 | 1,495 | 1,303 | 926.17 | 1,214 | 1,453 |
Free Cash Flow Per Share | 2.72 | 3.85 | 3.41 | 2.41 | 3.06 | 3.53 |
Dividend Per Share | 3.640 | 3.640 | 3.500 | 2.212 | 2.000 | 1.284 |
Dividend Growth | 316.00% | 4.00% | 58.19% | 10.63% | 55.76% | 3.21% |
Gross Margin | 67.05% | 70.78% | 70.80% | 70.16% | 66.93% | 68.59% |
Operating Margin | 37.40% | 40.11% | 43.49% | 41.51% | 40.63% | 40.39% |
Profit Margin | 27.31% | 30.04% | 42.63% | 32.14% | 36.58% | 31.16% |
Free Cash Flow Margin | 24.03% | 38.89% | 36.14% | 29.81% | 37.34% | 50.51% |
EBITDA | 2,560 | 2,274 | 2,238 | 1,890 | 1,904 | 1,714 |
EBITDA Margin | 55.97% | 59.16% | 62.07% | 60.85% | 58.54% | 59.56% |
D&A For EBITDA | 849.55 | 732.3 | 669.86 | 600.67 | 582.37 | 551.63 |
EBIT | 1,711 | 1,541 | 1,568 | 1,290 | 1,321 | 1,162 |
EBIT Margin | 37.40% | 40.11% | 43.49% | 41.51% | 40.63% | 40.39% |
Effective Tax Rate | 1.71% | 1.23% | 1.11% | 0.42% | 0.33% | - |
Revenue as Reported | 4,574 | 3,843 | 3,605 | 3,106 | 3,252 | 2,877 |