WESTERN MIDSTREAM PARTNERS, LP financials
Source: EDGAR filings · Built 2026-06-19T03:22:15Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.48B | 1.30B | 923.18M | 1.21B | 1.45B | 1.20B |
| EBITDA | 2.31B | 2.62B | 1.98B | 2.17B | 1.89B | 1.37B |
| Working Capital | 420.46M | 155.50M | -311.65M | -3.43M | -455.43M | -17.87M |
| Net Debt | 8.02B | 7.08B | 7.72B | 6.55B | 6.76B | 7.48B |
| Operating Margin | 41.69% | 54.68% | 44.42% | 48.85% | 49.54% | 34.50% |
| Net Margin | 30.74% | 43.66% | 32.92% | 37.44% | 33.97% | 20.69% |
| Return on Assets (ROA) | 7.87% | 11.97% | 8.20% | 10.80% | 8.13% | 4.45% |
| Current Ratio | 1.34× | 1.09× | 0.76× | 1.00× | 0.60× | 0.98× |
| Effective Tax Rate | 1.23% | 1.11% | 0.42% | 0.33% | -1.05% | 1.15% |
| Cash Conversion Ratio | 1.88× | 1.36× | 1.63× | 1.40× | 1.93× | 3.11× |
| Accruals Ratio | -0.07× | -0.04× | -0.05× | -0.04× | -0.08× | -0.09× |
| SBC % of Revenue | 1.32% | 1.05% | 1.03% | 0.85% | 1.03% | 0.88% |
| CapEx Coverage | 2.98× | 2.54× | 2.25× | 3.46× | 5.52× | 3.74× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 3.84B | 3.60B | 3.11B | 3.25B | 2.70B | 2.55B |
| Revenues | 3.84B | 3.61B | 3.11B | 3.25B | 2.88B | 2.77B |
| Operating Income (Loss) | 1.60B | 1.97B | 1.38B | 1.59B | 1.34B | 878.91M |
| Income Tax Expense (Benefit) | 15.09M | 18.11M | 4.38M | 4.19M | -9.81M | 6.00M |
| Net Income (Loss) Attributable to Parent | 1.18B | 1.57B | 1.02B | 1.22B | 916.29M | 527.01M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 819.49M | 1.09B | 272.79M | 286.66M | 202.00M | 444.92M |
| Assets, Current | 1.66B | 1.85B | 992.41M | 900.42M | 684.76M | 943.06M |
| Assets | 15.00B | 13.14B | 12.47B | 11.27B | 11.27B | 11.83B |
| Liabilities, Current | 1.24B | 1.69B | 1.30B | 903.86M | 1.14B | 960.93M |
| Liabilities | 10.84B | 9.77B | 9.44B | 8.16B | 8.18B | 8.93B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.22B | 2.14B | 1.66B | 1.70B | 1.77B | 1.64B |
| Net Cash Provided by (Used in) Investing Activities | -1.09B | -39.17M | -1.61B | -218.24M | -257.54M | -448.25M |
| Payments for Repurchase of Common Stock | 0 | 0 | 134.60M | 487.59M | 217.47M | 32.53M |
| Payments of Dividends | 1.43B | 1.25B | 978.43M | 735.75M | 533.76M | 695.83M |
| Net Cash Provided by (Used in) Financing Activities | -1.41B | -1.28B | -67.91M | -1.40B | -1.75B | -844.20M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 234.18M | 335.44M | 1.16B | 773.75M | 388.39M | 315.68M |
| EBITDA | 669.62M | 503.44M | 611.88M | 616.59M | 580.26M | 588.73M |
| Working Capital | 132.25M | 420.46M | 276.58M | 210.21M | 178.97M | 155.50M |
| Net Debt | 8.06B | 8.02B | 6.82B | 6.87B | 6.89B | 7.08B |
| Operating Margin | 41.83% | 29.66% | 46.37% | 47.18% | 44.69% | 45.86% |
| Net Margin | 31.23% | 18.51% | 35.66% | 36.27% | 33.70% | 35.94% |
| Return on Assets (ROA) | 2.35% | 1.27% | 2.80% | 2.81% | 2.48% | 2.54% |
| Current Ratio | 1.09× | 1.34× | 1.43× | 1.30× | 1.18× | 1.09× |
| Effective Tax Rate | 0.97% | 3.60% | 0.60% | 0.63% | 1.07% | 0.13% |
| Cash Conversion Ratio | 1.34× | 2.92× | 4.90× | 3.20× | 1.72× | 1.66× |
| Accruals Ratio | -0.01× | -0.02× | -0.11× | -0.06× | -0.02× | -0.02× |
| SBC % of Revenue | 0.97% | 2.08% | 3.09% | 2.01% | 0.90% | 1.01% |
| CapEx Coverage | 1.99× | 2.51× | 3.29× | 3.41× | 3.73× | 2.32× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.12B | 1.03B | 952.30M | 942.14M | 916.92M | 928.38M |
| Revenues | 1.12B | 1.03B | 952.48M | 942.32M | 917.12M | 928.50M |
| Operating Income (Loss) | 469.19M | 305.56M | 441.56M | 444.48M | 409.80M | 425.74M |
| Income Tax Expense (Benefit) | 3.50M | 7.32M | 2.09M | 2.24M | 3.44M | 444.00K |
| Net Income (Loss) Attributable to Parent | 350.28M | 190.68M | 339.62M | 341.68M | 309.01M | 333.61M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 647.50M | 819.49M | 177.29M | 129.73M | 448.45M | 1.09B |
| Assets, Current | 1.54B | 1.66B | 917.05M | 905.01M | 1.19B | 1.85B |
| Assets | 14.92B | 15.00B | 12.13B | 12.16B | 12.46B | 13.14B |
| Liabilities, Current | 1.41B | 1.24B | 640.47M | 694.80M | 1.01B | 1.69B |
| Liabilities | 11.42B | 10.84B | 8.80B | 8.83B | 9.12B | 9.77B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 469.90M | 557.64M | 1.66B | 1.09B | 530.79M | 554.45M |
| Net Cash Provided by (Used in) Investing Activities | -234.88M | -608.91M | -476.29M | -314.76M | -140.79M | -230.32M |
| Payments for Repurchase of Common Stock | — | — | — | — | — | 0 |
| Payments of Dividends | 379.68M | 379.52M | 1.05B | 696.25M | 341.00M | 340.91M |
| Net Cash Provided by (Used in) Financing Activities | -407.02M | 693.47M | -2.10B | -1.74B | -1.03B | -358.40M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (WES CIK 0001423902),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.