Western Midstream Partners Quarterly Cash Flow Statement
NYSE: WESUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Western Midstream Partners free cash flow
In the quarter ended Mar 31, 2026, Western Midstream Partners generated $469.9 million of operating cash flow and spent $235.7 million on capital expenditures. That left free cash flow of $234.2 million, a free-cash-flow margin of 20.8% of revenue. Free cash flow was down 39.7% from the prior year's $388.4 million.
Western Midstream Partners returned $379.7 million to shareholders through dividends, equal to 162% of free cash flow. Free cash flow covered dividend payments 0.6 times.
Summary generated from market data by MetaCap's automated system. Methodology
Western Midstream Partners cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 359.03M | 196.27M | 348.87M | 350.76M | 316.55M | 341.58M | 295.89M | 387.56M | 586.22M | 295.75M | 284.40M | 259.52M |
| Net Income growth (YoY) | +13.42% | -42.54% | +17.91% | -9.50% | -46.00% | +15.50% | +4.04% | +49.34% | +181.37% | -14.28% | +3.95% | -17.66% |
| Depreciation & Amortization | 200.43M | 197.88M | 170.32M | 172.11M | 170.46M | 162.99M | 166.01M | 163.43M | 157.99M | 165.19M | 147.36M | 143.49M |
| Stock-Based Compensation | 10.85M | 21.39M | 10.46M | 10.71M | 8.25M | 9.42M | 8.76M | 10.39M | 9.42M | 9.97M | 7.17M | 7.67M |
| Change in Working Capital | -78.54M | 69.37M | -18.88M | -386.00K | -18.05M | 26.75M | 20.84M | 41.77M | -154.10M | 1.25M | -48.08M | 40.96M |
| Operating Cash Flow | 469.90M | 557.64M | 570.21M | 563.98M | 530.79M | 554.45M | 551.29M | 631.42M | 399.71M | 473.30M | 394.79M | 490.82M |
| Capital Expenditures | -235.73M | -222.21M | -184.76M | -178.62M | -142.40M | -238.77M | -189.43M | -211.86M | -193.79M | -198.65M | -201.86M | -161.48M |
| Investing Cash Flow | -234.88M | -608.91M | -161.53M | -173.97M | -140.79M | -230.32M | -190.70M | -14.99M | 396.85M | -1.07B | -207.92M | -151.49M |
| Dividends Paid | -379.68M | -379.52M | -355.25M | -355.25M | -341.00M | -340.91M | -340.86M | -340.86M | -223.44M | -223.43M | -221.44M | -336.99M |
| Share Repurchases | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | -127.50M | -41.00K |
| Debt Issued | -132.00K | 1.19B | 0 | -1.17M | 0 | -149.00K | 790.40M | -1.21M | 0 | 647.72M | 844.79M | 736.23M |
| Debt Repaid | 0 | -80.00M | 0 | -336.76M | -663.83M | 0 | 0 | -129.35M | -14.50M | -650.00M | -399.60M | -605.19M |
| Financing Cash Flow | -407.02M | 693.47M | -361.13M | -708.72M | -1.03B | -358.40M | 420.03M | -567.55M | -774.10M | 378.70M | 88.67M | -238.03M |
| Net Change in Cash | -172.00M | 642.20M | 47.56M | -318.71M | -642.02M | -34.27M | 780.62M | 48.87M | 22.46M | -216.71M | 275.54M | 101.31M |
| Free Cash Flow | 234.18M | 335.44M | 385.45M | 385.35M | 388.39M | 315.68M | 361.85M | 419.55M | 205.92M | 274.65M | 192.93M | 329.34M |
This table shows 12 quarterly periods of Western Midstream Partners's cash flow statement, from Q1 2026 back to Q2 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow WES's reporting calendar. What is a cash flow statement?