Western Midstream Partners Financial Statements
NYSE: WESUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Western Midstream Partners revenue and earnings
In fiscal 2025, Western Midstream Partners generated $3.84 billion in revenue, up 6.6% from fiscal 2024, its 2nd consecutive year of revenue growth. Net income was $1.18 billion (-24.9% year over year), for a net margin of 30.7% versus a median of 32.9% in the prior 5 years. Gross margin was 94.6% (down from 95.2%) and operating margin 41.7%.
Over the last 5 fiscal years, WES's revenue has grown at a 6.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Western Midstream Partners income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.84B | 3.61B | 3.11B | 3.25B | 2.88B | 2.77B | 2.75B | 2.30B | 2.43B | 1.80B |
| Revenue growth (YoY) | +6.61% | +16.06% | -4.47% | +13.02% | +3.77% | +0.96% | +19.42% | -5.35% | +34.66% | +2.98% |
| Cost of Revenue | 206.98M | 172.25M | 164.60M | 420.90M | 322.29M | 188.09M | 444.25M | 431.92M | 908.69M | 494.19M |
| Gross Profit | 3.64B | 3.43B | 2.94B | 2.83B | 2.55B | 2.58B | 2.30B | 1.87B | 1.52B | 1.31B |
| Operating Expenses | 2.04B | 1.46B | 1.56B | 1.24B | 1.22B | 1.71B | 1.07B | 1.01B | 719.22M | 605.54M |
| Operating Income | 1.60B | 1.97B | 1.38B | 1.59B | 1.34B | 878.91M | 1.23B | 861.28M | 801.70M | 704.53M |
| Interest Expense | 390.49M | 378.51M | 348.23M | 333.94M | 376.51M | 380.06M | 303.29M | 183.83M | 142.52M | 116.63M |
| Other Income (Expense) | 16.63M | 31.74M | 5.68M | 1.60M | -623.00K | 1.02M | -123.78M | -4.76M | 1.38M | 545.00K |
| Pretax Income | 1.23B | 1.63B | 1.05B | 1.26B | 934.19M | 522.85M | 821.17M | 689.59M | 677.46M | 605.35M |
| Income Tax | 15.09M | 18.11M | 4.38M | 4.19M | -9.81M | 6.00M | 13.47M | 58.93M | -59.92M | 8.37M |
| Net Income | 1.18B | 1.57B | 1.02B | 1.22B | 916.29M | 527.01M | 697.24M | 551.57M | 540.79M | 345.77M |
| Net Income growth (YoY) | -24.95% | +53.94% | -16.01% | +32.83% | +73.87% | -24.41% | +26.41% | +1.99% | +56.40% | +108.92% |
| EBITDA | 2.31B | 2.62B | 1.98B | 2.17B | 1.89B | 1.37B | 1.71B | 1.25B | 1.12B | 977.47M |
| Gross Margin | 94.61% | 95.22% | 94.70% | 87.06% | 88.80% | 93.22% | 83.82% | 81.22% | 62.60% | 72.61% |
| Operating Margin | 41.67% | 54.66% | 44.41% | 48.83% | 46.44% | 31.70% | 44.84% | 37.45% | 33.00% | 39.05% |
| Net Margin | 30.73% | 43.65% | 32.91% | 37.43% | 31.85% | 19.01% | 25.39% | 23.98% | 22.26% | 19.16% |
This table shows 10 annual periods of Western Midstream Partners's income statement, from FY 2025 back to FY 2016, across 14 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WES's reporting calendar. What is a income statement?