v3.25.2
Consolidated Statements of Operations - WES Operating - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues and other        
Total revenues and other [1] $ 942,322 $ 905,629 $ 1,859,438 $ 1,793,358
Equity income, net – related parties 27,128 27,431 47,563 60,250
Operating expenses        
Cost of product 42,681 54,010 84,173 100,089
Operation and maintenance 224,629 223,319 451,143 418,258
General and administrative 66,146 62,933 132,932 130,772
Property and other taxes 17,805 17,429 35,631 31,349
Depreciation and amortization 172,113 163,432 342,573 321,423
Long-lived asset and other impairments 686 1,530 689 1,553
Total operating expenses [2] 524,060 522,653 1,047,141 1,003,444
Gain (loss) on divestiture and other, net (911) 59,342 (5,578) 298,959
Operating income (loss) 444,479 469,749 854,282 1,149,123
Interest expense (95,170) (90,522) (192,463) (185,028)
Gain (loss) on early extinguishment of debt 0 4,879 0 5,403
Other income (expense), net 3,692 4,213 11,169 6,559
Income (loss) before income taxes 353,001 388,319 672,988 976,057
Income tax expense (benefit) 2,239 755 5,674 2,277
Net income (loss) 350,762 387,564 667,314 973,780
Net income (loss) attributable to noncontrolling interest 9,082 8,916 16,627 22,302
Net income (loss) attributable to Western Midstream Operating, LP 341,680 378,648 650,687 951,478
Service Revenues - Fee Based [Member]        
Revenues and other        
Total revenues and other 851,419 793,785 1,674,616 1,575,047
Service Revenues - Product Based [Member]        
Revenues and other        
Total revenues and other 50,442 61,466 109,694 128,206
Product Sales [Member]        
Revenues and other        
Total revenues and other 40,280 50,111 74,749 89,403
Other [Member]        
Revenues and other        
Total revenues and other 181 267 379 702
WES Operating [Member]        
Revenues and other        
Total revenues and other [3] 942,322 905,629 1,859,438 1,793,358
Equity income, net – related parties 27,128 27,431 47,563 60,250
Operating expenses        
Cost of product 42,681 54,010 84,173 100,089
Operation and maintenance 224,629 223,319 451,143 418,258
General and administrative 65,845 62,001 132,819 129,480
Property and other taxes 17,805 17,429 35,631 31,349
Depreciation and amortization 172,113 163,432 342,573 321,423
Long-lived asset and other impairments 686 1,530 689 1,553
Total operating expenses [4] 523,759 521,721 1,047,028 1,002,152
Gain (loss) on divestiture and other, net (911) 59,342 (5,578) 298,959
Operating income (loss) 444,780 470,681 854,395 1,150,415
Interest expense (95,170) (90,522) (192,463) (185,028)
Gain (loss) on early extinguishment of debt 0 4,879 0 5,403
Other income (expense), net 3,643 4,145 11,074 6,432
Income (loss) before income taxes 353,253 389,183 673,006 977,222
Income tax expense (benefit) 2,239 755 5,674 2,277
Net income (loss) 351,014 388,428 667,332 974,945
Net income (loss) attributable to noncontrolling interest 2,102 1,169 3,344 2,855
Net income (loss) attributable to Western Midstream Operating, LP 348,912 387,259 663,988 972,090
WES Operating [Member] | Service Revenues - Fee Based [Member]        
Revenues and other        
Total revenues and other 851,419 793,785 1,674,616 1,575,047
WES Operating [Member] | Service Revenues - Product Based [Member]        
Revenues and other        
Total revenues and other 50,442 61,466 109,694 128,206
WES Operating [Member] | Product Sales [Member]        
Revenues and other        
Total revenues and other 40,280 50,111 74,749 89,403
WES Operating [Member] | Other [Member]        
Revenues and other        
Total revenues and other $ 181 $ 267 $ 379 $ 702
[1] Total revenues and other includes related-party amounts of $576.2 million and $1.1 billion for the three and six months ended June 30, 2025, respectively, and $534.1 million and $1.0 billion for the three and six months ended June 30, 2024, respectively. See Note 6.
[2] Total operating expenses includes related-party amounts of $(7.3) million and $(19.4) million for the three and six months ended June 30, 2025, respectively, and $0.3 million and $(25.7) million for the three and six months ended June 30, 2024, respectively. See Note 6.
[3] Total revenues and other includes related-party amounts of $576.2 million and $1.1 billion for the three and six months ended June 30, 2025, respectively, and $534.1 million and $1.0 billion for the three and six months ended June 30, 2024, respectively. See Note 6.
[4] Total operating expenses includes related-party amounts of $(6.4) million and $(17.0) million for the three and six months ended June 30, 2025, respectively, and $1.1 million and $(23.6) million for the three and six months ended June 30, 2024, respectively. See Note 6.