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Western Midstream Partners, LP (WES)

NYSE: WES · Natural Gas Transmission · The Woodlands, TX · filing with the SEC since 2008
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Grade5.7
◀ Past 7.5● Present 5.5▶ Future 4.3
2 est.
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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 18, 2026Feb 26, 2025Feb 21, 2024Feb 22, 2023Feb 23, 2022Feb 26, 2021Feb 27, 2020Feb 20, 2019Feb 16, 2018Feb 23, 2017
Revenue3,843,4033,605,2233,106,4763,251,7212,877,1552,772,5922,746,1742,299,658r2,429,614r1,804,270
Cost of revenue206,978172,251164,598420,900322,285188,088444,247415,505953,792494,194
General and administrative398,922271,526232,632194,017195,549155,769114,59167,195r53,949r49,248
Total costs and expenses2,316,6762,043,6471,869,7701,950,9921,745,5732,129,0631,750,9431,635,157r1,905,327r1,180,081
Operating income1,601,4021,970,7321,379,5631,587,8881,336,271878,9131,231,343861,282r801,698r704,535
Interest expense390,490378,513348,228333,939376,512380,058303,286183,831r142,520r116,628
Share of profit of equity-method investments85,788112,385152,959183,483204,645226,750237,518195,469r115,141r78,717
Other income (expense), net16,62931,7415,6791,603-6231,025-123,785-4,7631,384545
Income before income taxes1,227,5411,629,3631,052,3921,255,643934,192522,850821,172689,588r677,462r605,352
Income tax expense15,08618,1114,3854,187-9,8075,99813,47258,934r-59,923r8,372
Net income including non-controlling interests1,212,4551,611,2521,048,0071,251,456943,999516,852807,700630,654r737,385r596,980
Net income to non-controlling interests31,47237,68125,79134,35327,707-10,160110,45979,083196,595251,208
Net income1,180,9831,573,5711,022,2161,217,103916,292527,012697,241551,571r540,790r345,772
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
us-gaap:CostOfGoodsAndServicesSold
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpense
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
SI Assistanton WES · research, not advice