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WESTERN MIDSTREAM PARTNERS, LP

CIK: 1423902 SIC: 4922
$3.74B
Revenue
$1.32B
Net Income
95.33%
Gross Margin
46.03%
Op. Margin
$3.84B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 4 of 12 annual reports available (2013 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $3.74B $3.61B $3.11B $3.25B $2.88B
Revenue Growth % 3.8% 16.1% -4.5% 13.0% nan%
Cost of Revenue $174.68M $172.25M $164.60M $420.90M $322.29M
+ Gross Profit $3.57B $3.43B $2.94B $2.83B $2.55B
Gross Margin % 95.3% 95.2% 94.7% 87.1% 88.8%
Operating Expenses $2.10B $2.04B $1.87B $1.95B $1.75B
+ Operating Income $1.72B $1.97B $1.38B $1.59B $1.34B
Operating Margin % 46.0% 54.7% 44.4% 48.8% 46.4%
Interest Expense $384.15M $378.51M $348.23M $333.94M $376.51M
Other Income/Expense $28.54M $31.74M $5.68M $1.60M $-623.00K
Income Before Tax $1.37B $1.63B $1.05B $1.26B $934.19M
Income Tax Expense $8.21M $18.11M $4.38M $4.19M $-9.81M
+ Net Income $1.32B $1.57B $1.02B $1.22B $916.29M
Net Margin % 35.4% 43.6% 32.9% 37.4% 31.8%
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $1.09B $272.79M $286.66M $202.00M
Accounts Receivable $701.23M - - -
Other Current Assets $54.89M $52.99M $59.51M $46.25M
Total Current Assets $1.85B $992.41M $900.42M $684.76M
Property Plant & Equipment $9.71B $9.66B $8.54B $8.51B
Goodwill $4.78M $4.78M $4.78M $4.78M
Intangible Assets $649.74M $681.41M $713.08M $744.74M
Other Non-current Assets $387.03M $233.46M $167.05M $158.70M
Total Assets $13.14B $12.47B $11.27B $11.27B
Accrued Liabilities $329.40M $262.57M $254.64M $263.25M
Deferred Revenue $11.05M - - -
Total Current Liabilities $1.69B $1.30B $903.86M $1.14B
Long-term Debt $6.93B $7.28B $6.57B $6.40B
Deferred Tax Liabilities $29.68M $15.47M $14.42M $12.43M
Other Non-current Liabilities $751.40M $480.21M $385.63M $325.81M
Total Liabilities $9.77B $9.44B $8.16B $8.18B
Total Liabilities & Equity $13.14B $12.47B $11.27B $11.27B
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $1.32B $1.57B $1.02B $1.22B $916.29M
Depreciation & Amortization $846.35M $650.43M $600.67M $582.37M $551.63M
Stock-based Compensation $66.05M $37.99M $32.01M $27.78M $27.68M
Deferred Income Tax $5.99M $14.21M $1.04M $2.00M $-9.77M
Change in Receivables $-14.80M $42.80M $78.35M $116.30M $-16.37M
Operating Cash Flow $3.84B $2.14B $1.66B $1.70B $1.77B
Investing Cash Flow $-1.16B $-39.17M $-1.61B $-218.24M $-257.54M
Debt Repayment $2.67B $143.85M $1.97B $1.52B $1.43B
Stock Repurchased - - $134.60M $487.59M $217.47M
Dividends Paid $2.43B $1.25B $978.43M $735.75M $533.76M
Financing Cash Flow $-5.23B $-1.28B $-67.91M $-1.40B $-1.75B
Net Change in Cash $-2.55B $817.68M $-13.87M $84.66M $-242.92M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $952.48M - $2.81B -
Cost of Revenue $51.19M - $135.36M -
Operating Expenses $525.30M - $1.57B -
Operating Income $441.56M - $1.30B -
Interest Expense $92.35M - $284.82M -
Other Income/Expense $1.75M - $12.92M -
Income Before Tax $350.96M - $1.02B -
Income Tax Expense $2.09M - $7.76M -
Net Income $339.62M $387.56M $990.30M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $177.29M $1.09B
Other Current Assets $57.09M $54.89M
Total Current Assets $917.05M $1.85B
Property Plant & Equipment $9.73B $9.71B
Goodwill $4.78M $4.78M
Intangible Assets $625.99M $649.74M
Other Non-current Assets $340.55M $387.03M
Total Assets $12.13B $13.14B
Accrued Liabilities $279.35M $329.40M
Total Current Liabilities $640.47M $1.69B
Long-term Debt $6.92B $6.93B
Deferred Tax Liabilities $31.91M $29.68M
Other Non-current Liabilities $810.21M $751.40M
Total Liabilities $8.80B $9.77B
Total Liabilities & Equity $12.13B $13.14B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $339.62M $387.56M $990.30M -
Depreciation & Amortization $170.32M - $512.90M -
Stock-based Compensation - - $29.42M -
Deferred Income Tax - - $2.24M -
Change in Receivables - - $-19.16M -
Operating Cash Flow - - $1.66B -
Investing Cash Flow - - $-476.29M -
Debt Repayment - - $1.00B -
Dividends Paid - - $1.05B -
Financing Cash Flow - - $-2.10B -
Net Change in Cash - - $-913.18M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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