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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Western Midstream Partners, LP (WGP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Revenues  3,088.43,226.43,250.83,145.13,026.82,823.32,697.12,621.4
            Revenue growth  2.0%14.3%20.5%20.0%19.8%14.5%5.9%-1.9%
Cost of goods sold  715.1699.8654.6634.7585.1569.9581.3578.4
Gross profit  2,373.22,526.62,596.22,510.32,441.82,253.42,115.82,043.0
            Gross margin  76.8%78.3%79.9%79.8%80.7%79.8%78.4%77.9%
Selling, general and administrative   [+]264.9263.5272.6279.0275.5267.4259.8234.3
Equity in earnings  166.8172.9183.5184.7191.9202.1204.6209.3
Other operating expenses  25.8124.4132.8170.395.2-34.1-62.4-121.2
EBITDA   [+]2,249.32,311.62,374.32,245.82,263.02,222.22,123.12,139.1
            EBITDA margin  72.8%71.6%73.0%71.4%74.8%78.7%78.7%81.6%
Depreciation and amortization  596.9592.4582.4574.7556.8555.7551.6513.8
EBIT   [+]1,652.41,719.21,792.01,671.11,706.11,666.51,571.51,625.3
            EBIT margin  53.5%53.3%55.1%53.1%56.4%59.0%58.3%62.0%
Non-recurring items   [+]73.173.020.61.43.0 30.532.5
Interest expense  335.6330.2333.9338.8349.0363.5376.5388.3
Other income (expense), net   [+]-154.3-170.1-181.8-184.1-215.9-226.1-230.2-234.0
Pre-tax income  1,089.41,145.91,255.61,146.71,138.21,061.3934.2970.5
Income taxes  3.03.84.2-10.5-9.1-9.1-9.86.6
            Tax rate  0.3%0.3%0.3%-0.9%-0.8%-0.9% 0.7%
Minority interest  27.830.134.433.033.131.227.727.3
Net income  1,034.11,086.61,189.61,099.21,089.91,016.6896.5916.5
            Net margin  33.5%33.7%36.6%34.9%36.0%36.0%33.2%35.0%
   
Basic EPS   [+]$2.66$2.77$2.99$2.74$2.68$2.48$2.17$2.19
Diluted EPS   [+]$2.66$2.76$2.98$2.73$2.67$2.48$2.17$2.19
   
Dividends per share   [+]$2.39$2.03$1.85$1.68$1.50$1.31$1.29$1.27
   
Shares outstanding (basic)   [+]388.2392.8397.5401.6407.4409.9412.3418.4
Shares outstanding (diluted)   [+]389.5394.1398.8402.7408.3410.7413.0418.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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