Consolidated Statements of Operations - WES Operating - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||||||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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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 | ||||||||
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The gains and losses included in earnings resulting from the sale, disposal, or write-down of tangible assets; minerals revenue; and other, net. No definition available.
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