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Income Statement
Balance Sheet
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Op Efficiency
Credit Analysis

Western Midstream Partners, LP (WGP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues and other          
Revenues and other  3,250.82,697.12,547.62,745.42,305.42,429.61,804.31,752.1
            Revenues and other growth  20.5%5.9%-7.2%19.1%-5.1%34.7%3.0%14.3%
Equity income, net – related parties  183.5204.6226.8237.5195.5115.178.771.3
   
Operating expenses          
Operation and maintenance  654.6581.3580.9641.2480.9345.6308.0332.0
General and administrative  194.0195.5155.8114.667.253.949.244.4
Property and other taxes  78.664.368.361.451.853.140.233.3
Depreciation and amortization  582.4551.6491.1483.3389.2318.8272.9272.6
Long-lived asset and other impairments  20.630.5203.96.3230.6   
    Total operating expenses  1,951.01,745.62,129.11,750.91,635.21,905.31,180.11,726.2
    Operating income (loss)  1,587.91,336.3878.91,231.3861.3801.7704.5154.2
            Operating margin  48.8%49.5%34.5%44.9%37.4%33.0%39.0%8.8%
Interest expense  -333.9-376.5-380.1-303.3-183.8-142.5-116.6-113.9
Gain (loss) on early extinguishment of debt  0.1-24.911.2     
Other income (expense), net  1.6-0.61.0-123.8-4.81.40.5-0.6
    Income (loss) before income taxes  1,255.6934.2522.9821.2689.6677.5605.456.6
Income tax expense (benefit)  4.2-9.86.013.558.9-59.98.445.5
    Net income (loss)  1,251.5944.0516.9807.7630.7737.4597.011.1
Net income (loss) attributable to noncontrolling interests  34.427.7-10.2110.579.1196.6251.2-154.4
    Net income (loss) attributable to Western Midstream Partners, LP  1,217.1916.3527.0697.2551.6540.8345.8165.5
   
Limited partners' interest in net income (loss):          
Net income (loss) attributable to Western Midstream Partners, LP  1,217.1916.3527.0697.2551.6540.8345.8165.5
General partner interest in net (income) loss  -27.5-19.8-11.1-5.6    
Limited partners' interest in net income (loss)  1,189.6896.5515.9662.3369.4376.6334.486.1
   
Net income (loss) per common unit - basic  $3.01$2.18$1.18$1.59    
Net income (loss) per common unit - diluted  $3.00$2.18$1.18$1.59    
   
Weighted-average common units outstanding - basic  395.0411.3435.6415.8    
Weighted-average common units outstanding - diluted  396.2412.0435.6415.8    

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