Western Midstream Partners Quarterly Income Statement
NYSE: WESUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Western Midstream Partners revenue and earnings
In the quarter ended Mar 31, 2026, Western Midstream Partners generated $1.12 billion in revenue, up 22.5% from the same quarter a year earlier. Net income was $350.3 million (+13.4% year over year), for a net margin of 31.2% versus a median of 35.7% in the prior 5 quarters. Gross margin was 90.8% (down from 95.5%) and operating margin 41.8%.
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Western Midstream Partners income 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.12B | 1.03B | 952.48M | 942.32M | 917.12M | 928.50M | 883.36M | 905.63M | 887.73M | 858.21M | 776.01M | 738.27M |
| Revenue growth (YoY) | +22.51% | +11.09% | +7.82% | +4.05% | +3.31% | +8.19% | +13.83% | +22.67% | +20.95% | +10.11% | -7.35% | -15.76% |
| Cost of Revenue | 102.88M | 71.62M | 51.19M | 42.68M | 41.49M | 39.31M | 32.85M | 54.01M | 46.08M | 40.80M | 27.59M | 44.75M |
| Gross Profit | 1.02B | 959.86M | 901.30M | 899.64M | 875.62M | 889.19M | 850.51M | 851.62M | 841.65M | 817.40M | 748.42M | 693.53M |
| Operating Expenses | 551.50M | 654.30M | 459.74M | 455.16M | 465.82M | 463.44M | 454.65M | 381.87M | 162.28M | 425.49M | 387.66M | 356.86M |
| Operating Income | 469.19M | 305.56M | 441.56M | 444.48M | 409.80M | 425.74M | 395.87M | 469.75M | 679.37M | 391.92M | 360.76M | 336.67M |
| Interest Expense | 113.39M | 105.67M | 92.35M | 95.17M | 97.29M | 99.34M | 94.15M | 90.52M | 94.51M | 97.62M | 82.75M | 86.18M |
| Other Income (Expense) | 6.73M | 3.71M | 1.75M | 3.69M | 7.48M | 15.62M | 9.56M | 4.21M | 2.35M | 2.86M | -1.27M | 2.87M |
| Pretax Income | 362.53M | 203.59M | 350.96M | 353.00M | 319.99M | 342.02M | 311.28M | 388.32M | 587.74M | 297.16M | 285.30M | 260.18M |
| Income Tax | 3.50M | 7.32M | 2.09M | 2.24M | 3.44M | 444.00K | 15.39M | 755.00K | 1.52M | 1.41M | 905.00K | 659.00K |
| Net Income | 350.28M | 190.68M | 339.62M | 341.68M | 309.01M | 333.61M | 288.48M | 378.65M | 572.83M | 288.35M | 277.30M | 252.92M |
| Net Income growth (YoY) | +13.36% | -42.84% | +17.73% | -9.76% | -46.06% | +15.70% | +4.03% | +49.71% | +181.29% | -14.26% | +4.35% | -17.43% |
| EBITDA | 669.62M | 503.44M | 611.88M | 616.59M | 580.26M | 588.73M | 561.88M | 633.18M | 837.37M | 557.10M | 508.13M | 480.16M |
| Gross Margin | 90.84% | 93.06% | 94.63% | 95.47% | 95.48% | 95.77% | 96.28% | 94.04% | 94.81% | 95.25% | 96.44% | 93.94% |
| Operating Margin | 41.76% | 29.62% | 46.36% | 47.17% | 44.68% | 45.85% | 44.81% | 51.87% | 76.53% | 45.67% | 46.49% | 45.60% |
| Net Margin | 31.18% | 18.49% | 35.66% | 36.26% | 33.69% | 35.93% | 32.66% | 41.81% | 64.53% | 33.60% | 35.73% | 34.26% |
This table shows 12 quarterly periods of Western Midstream Partners's income statement, from Q1 2026 back to Q2 2023, 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?