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Company research / WES

Western Midstream Partners, LP (WES)

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CIK 0001423902 · NYSE · Natural Gas Transmission

  • Sector Transportation & Utilities
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Western Midstream Partners, LP reported revenue of $3.84B. Revenue grew 6.6% from the prior annual period. Over the twelve months to 2026-03-31, revenue was $4.05B.

Key ratios (year ended 2025-12-31)

41.7%
Operating margin
30.7%
Net margin
6.6%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-08-12

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-03-31 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-03-31		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$4.05B$3.84B$3.61B$3.11B$3.25B$2.88B$2.77B$2.75B$2.30B$2.43B$1.80B
Cost of Revenuen/an/an/an/an/an/an/an/a$431.92M$908.69M$494.19M
Gross Profit (computed)n/an/an/an/an/an/an/an/a$1.87B$1.52B$1.31B
Operating Income$1.66B$1.60B$1.97B$1.38B$1.59B$1.34B$878.91M$1.23B$861.28M$801.70M$704.53M
Depreciation & Amortization$740.74M$710.78M$650.43M$600.67M$582.37M$551.63M$491.09M$483.25M$389.16M$318.77M$272.93M
EBITDA$2.40B$2.31B$2.62B$1.98B$2.17B$1.89B$1.37B$1.71B$1.25B$1.12B$977.47M
Net Income$1.22B$1.18B$1.57B$1.02B$1.22B$916.29M$527.01M$697.24M$551.57M$540.79M$345.77M
Total Assets$14.92B$15.00B$13.14B$12.47B$11.27B$11.27B$11.83B$12.35B$11.46B$8.02B$7.74B
Total Liabilities$11.42B$10.84B$9.77B$9.44B$8.16B$8.18B$8.93B$9.00B$6.56B$4.07B$3.63B
Cash & Equivalents$647.50M$819.49M$1.09B$272.79M$286.66M$202.00M$444.92M$99.96M$92.14M$79.59M$359.07M
Operating Cash Flow$2.16B$2.22B$2.14B$1.66B$1.70B$1.77B$1.64B$1.32B$1.35B$1.04B$913.08M
Share Repurchasesn/a$0$0$134.60M$487.59M$217.47M$32.53M$0$0n/an/a
Dividends Paid$1.47B$1.43B$1.25B$978.43M$735.75M$533.76M$695.83M$969.07M$502.46M$441.97M$374.08M

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