Financials in USD. Standardized financial statements.
A compact view of how Western Midstream Partners, LP turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.84B | $3.61B | $3.11B | $3.25B | $2.88B | $2.77B | $2.75B | $1.99B | $2.25B | $1.80B |
| Revenue Growth? | +6.6% | +16.1% | -4.5% | +13.0% | +3.8% | +1.0% | +38.0% | -11.5% | +24.6% | 0.0% |
| Cost of Revenue? | $1.21B | $822.68M | $765.27M | $1.00B | $873.91M | $679.17M | $927.50M | $769.46M | $1.20B | $767.13M |
| Gross Profit? | $2.63B | $2.78B | $2.34B | $2.25B | $2.00B | $2.09B | $1.82B | $1.22B | $1.05B | $1.04B |
| Gross Margin? | +68.5% | +77.2% | +75.4% | +69.1% | +69.6% | +75.5% | +66.2% | +61.3% | +46.6% | +57.5% |
| Operating Expenses? | $1.05B | $811.81M | $961.65M | $660.57M | $666.97M | $1.21B | $587.33M | $521.45M | $413.48M | $397.42M |
| Operating Income? | $1.59B | $1.97B | $1.38B | $1.59B | $1.34B | $878.91M | $1.23B | $625.36M | $704.40M | $704.53M |
| EBITDA? | $2.30B | $2.64B | $1.99B | $2.16B | $1.85B | $1.38B | $1.60B | $1.28B | $1.01B | $910.02M |
| Income Before Tax | $1.23B | $1.63B | $1.05B | $1.26B | $934.19M | $522.85M | $821.17M | $451.46M | $578.07M | $605.35M |
| Income Tax Expense | $15.09M | $18.11M | $4.38M | $4.19M | -$9.81M | $6.00M | $13.47M | $2.95M | $4.87M | $8.37M |
| Net Income? | $1.17B | $1.57B | $1.02B | $1.22B | $916.29M | $527.01M | $697.24M | $369.43M | $376.61M | $345.77M |
| EPS? | $3.01 | $4.04 | $2.61 | $3.01 | $2.18 | $1.18 | $1.68 | $1.69 | $1.72 | $1.53 |
| Diluted EPS? | $3.00 | $4.02 | $2.60 | $3.00 | $2.18 | $1.18 | $1.68 | $1.69 | $1.72 | $1.53 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality