Western midstream partners, lp (WGP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Revenues and Other
Revenues and other

774,313

723,210

666,027

685,054

671,883

692,626

587,900

518,078

501,054

813,276

574,695

525,450

516,193

510,820

481,645

428,664

383,141

416,558

432,515

465,993

437,006

517,226

357,521

357,381

301,249

449,390

273,502

251,402

225,766

214,756

234,734

220,310

224,676

Equity income, net – related parties

61,347

62,035

53,893

63,598

57,992

61,595

54,215

49,430

30,229

52,433

21,519

21,728

19,461

21,916

20,294

19,693

16,814

12,114

21,976

18,941

18,220

16,514

19,063

13,008

9,251

11,004

4,520

3,456

3,968

-

-

-

-

Operating expenses
Cost of product

103,270

-

97,800

-

114,063

-

101,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of product

-

-

-

122,877

-

-

-

95,656

94,318

-

239,223

203,277

189,359

167,235

145,643

104,849

76,467

114,041

127,704

147,216

139,408

127,453

113,217

122,318

95,391

107,567

93,516

93,460

83,083

81,360

89,107

82,456

83,156

Operation and maintenance

159,191

173,387

176,572

148,431

142,829

142,235

129,042

112,789

96,795

116,173

79,536

76,148

73,760

81,869

74,755

75,173

76,213

89,228

88,722

77,837

76,185

109,687

67,489

65,440

51,094

114,806

42,757

41,669

36,739

36,802

35,493

35,690

32,121

General and administrative

40,465

30,951

30,769

30,027

22,844

19,747

16,022

15,597

15,829

16,354

12,922

11,197

13,476

12,734

12,112

11,887

12,515

11,445

10,884

10,183

11,916

13,584

9,116

9,202

9,875

13,378

7,962

8,209

8,929

64,105

15,039

10,310

10,274

Property and other taxes

18,476

15,504

15,281

14,282

16,285

10,352

13,146

13,750

14,600

17,714

11,215

11,924

12,294

7,048

10,670

12,093

10,350

5,381

9,054

9,612

9,280

7,580

6,793

7,316

7,234

7,723

6,649

6,086

5,785

4,690

5,328

4,833

4,837

Depreciation and amortization

132,319

120,278

127,914

121,117

113,946

118,407

97,479

88,488

84,790

102,499

72,539

74,031

69,702

73,287

67,246

67,305

65,095

67,715

67,367

68,554

68,975

79,573

46,379

44,962

40,895

66,312

37,615

36,496

32,440

37,345

28,455

27,741

27,067

Long-lived asset impairments

155,800

-

-

-

390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment

441,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairments

-

-

3,107

797

-

75,314

27,902

127,184

200

10,021

2,159

3,178

164,742

4,222

2,392

2,403

6,518

238,879

2,335

1,620

272,624

2,694

898

343

1,190

-

-

-

-

-

-

-

-

Total operating expenses

1,050,523

451,612

451,443

437,531

410,357

490,535

384,626

453,464

306,532

584,645

417,594

379,755

523,333

346,395

312,818

273,710

247,158

526,689

306,066

315,022

578,388

340,571

243,892

249,581

205,679

359,706

188,499

185,920

166,976

224,302

173,422

161,030

157,455

Gain (loss) on divestiture and other, net

-40

-3

248

-1,061

-590

961

65

170

116

-2,629

72

15,458

119,487

-5,872

-6,230

-1,907

-632

-20,224

77,254

0

-6

-

0

-

-

-

-

-

-

-

-

-

-

Proceeds from business interruption insurance claims

-

-

-

-

-

-

-

-

-

0

0

24,115

5,767

0

13,667

2,603

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income (loss)

-214,903

333,630

268,725

310,060

318,928

264,647

257,554

114,214

224,867

278,435

178,692

206,996

137,575

180,469

196,558

175,343

152,165

-118,241

225,679

169,912

-123,168

193,160

132,692

120,808

104,821

100,688

89,523

68,938

62,758

6,496

61,312

59,280

67,221

Interest income – related parties

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

Interest expense

88,586

79,414

78,524

79,472

65,876

54,702

48,869

42,245

38,015

34,073

36,117

36,297

36,033

39,759

31,301

13,429

32,139

31,535

31,773

27,604

22,962

21,066

20,878

20,864

13,961

14,314

13,018

12,654

11,811

11,942

10,977

9,560

9,581

Gain (loss) on early extinguishment of debt

7,345

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-1,761

37,792

-67,894

-58,477

-35,206

-7,512

655

1,277

817

355

311

272

446

275

165

-36

141

-834

96

80

80

89

118

235

496

249

466

493

727

579

522

-1,267

458

Income (loss) before income taxes

-293,680

296,233

126,532

176,336

222,071

206,658

213,565

77,471

191,894

248,942

147,111

175,196

106,213

145,210

169,647

166,103

124,392

-146,385

198,227

146,613

-141,825

176,408

116,157

104,404

95,581

90,848

81,196

61,002

55,899

-642

55,082

52,678

62,323

Income tax expense (benefit)

-4,280

793

1,309

1,278

10,092

22,741

15,005

10,304

10,884

-64,828

510

843

3,552

941

472

326

6,633

8,372

12,644

12,246

12,270

30,862

3,891

2,523

1,785

74

-27

53

4,166

5,094

14,166

12,929

16,695

Net income (loss)

-289,400

295,440

125,223

175,058

211,979

183,917

198,560

67,167

181,010

313,770

146,601

174,353

102,661

144,269

169,175

165,777

117,759

-154,757

185,583

134,367

-154,095

145,546

112,266

101,881

93,796

90,774

81,223

60,949

51,733

-5,736

40,916

39,749

45,628

Net income (loss) attributable to noncontrolling interest

-32,873

7,670

4,006

5,464

93,319

15,414

47,203

-33,017

49,483

50,066

50,399

69,409

26,721

60,573

77,778

76,914

35,943

-139,766

76,364

46,716

-137,723

36,510

45,832

42,492

40,634

39,611

36,779

26,422

19,361

-12,077

21,605

21,079

28,574

Net income (loss) attributable to Western Midstream Operating, LP

-256,527

287,770

121,217

169,594

118,660

168,503

151,357

100,184

131,527

263,704

96,202

104,944

75,940

83,696

91,397

88,863

81,816

-14,991

109,219

87,651

-16,372

109,036

66,434

59,389

53,162

51,163

44,444

34,527

32,372

6,341

19,311

18,670

17,054

Limited partners' interest in net income (loss):
Net income (loss) attributable to Western Midstream Operating, LP

-256,527

287,770

121,217

169,594

118,660

-

151,357

100,184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pre-acquisition net (income) loss allocated to Anadarko

0

0

0

163

29,116

75,133

43,883

32,604

30,522

-

-

-

-

0

0

0

11,326

15,780

19,848

18,719

25,039

51,872

6,482

4,135

2,665

-

106

-948

-

-

-

-

-

Net (income) loss allocated

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,458

-

-

-

-

Limited partners' interest in net income (loss)

-251,396

282,133

121,217

169,431

89,544

93,370

107,474

67,580

101,005

-

-

-

-

83,696

91,397

88,863

70,490

-30,771

89,371

68,932

-41,411

57,164

59,952

55,254

50,497

48,801

44,338

35,475

26,914

-

-

-

-

WES Operating [Member]
Revenues and other

774,313

723,210

666,027

685,054

671,883

692,626

587,900

518,078

501,054

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity income, net – related parties

61,347

62,035

53,893

63,598

57,992

61,595

54,215

49,430

30,229

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of product

103,270

-

97,800

-

114,063

-

101,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of product

-

-

-

122,877

-

-

-

95,656

94,318

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operation and maintenance

159,191

173,387

176,572

148,431

142,829

142,235

129,042

112,789

96,795

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

39,058

30,039

29,072

28,101

20,560

17,937

15,331

14,901

14,997

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and other taxes

18,476

15,504

15,281

14,282

16,285

10,352

13,146

13,750

14,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

132,319

120,278

127,914

121,117

113,946

118,407

97,479

88,488

84,790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-lived asset impairments

155,785

-

-

-

390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment

441,017

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairments

-

-

3,107

797

-

75,298

27,902

127,184

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

1,049,116

450,700

449,746

435,605

408,073

488,725

383,935

452,768

305,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on divestiture and other, net

-40

-3

248

-1,061

-590

961

65

170

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income (loss)

-213,496

334,542

270,422

311,986

321,212

266,457

258,245

114,910

225,699

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income – related parties

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

4,225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

88,586

79,414

78,524

79,472

65,631

54,363

48,544

41,937

36,952

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on early extinguishment of debt

7,345

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-1,763

37,784

-67,902

-58,482

-35,264

-7,564

598

1,229

782

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-292,275

297,137

128,221

178,257

224,542

208,755

214,524

78,427

193,754

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense (benefit)

-4,280

793

1,309

1,278

10,092

22,741

15,005

10,304

10,884

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-287,995

296,344

126,912

176,979

214,450

186,014

199,519

68,123

182,870

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to noncontrolling interest

-27,665

1,777

1,497

1,967

1,854

1,823

990

2,811

2,985

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Western Midstream Operating, LP

-260,330

294,567

125,415

175,012

212,596

184,191

198,529

65,312

179,885

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Western Midstream Operating, LP

-260,330

294,567

125,415

175,012

212,596

-

198,529

65,312

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pre-acquisition net (income) loss allocated to Anadarko

0

0

0

163

29,116

75,133

43,883

32,604

30,522

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General partner interest in net (income) loss

-

-

0

0

-

90,372

88,551

84,176

83,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Affiliates [Member]
Revenues and other

482,385

445,022

398,753

385,184

378,437

428,700

350,291

289,544

285,176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of product

77,903

-

61,066

-

56,172

-

39,702

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of product

-

-

-

68,225

-

-

-

38,001

34,819

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operation and maintenance

32,841

36,072

39,459

32,318

39,141

36,327

29,794

26,826

23,001

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

21,855

27,975

27,724

26,892

18,894

12,077

12,645

12,262

12,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

132,599

133,355

128,249

127,435

114,207

104,417

82,141

77,089

70,508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

43

58

59

20

1,833

2,725

2,035

1,409

577

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Third Parties [Member]
Revenues and other

291,928

278,188

267,274

299,870

293,446

263,926

237,609

228,534

215,878

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

88,543

79,356

78,465

79,452

64,043

51,977

46,834

40,836

37,438

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Units [Member]
Net income (loss)

-

-

121,217

169,431

-

93,370

107,474

67,580

101,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-