Western Midstream Partners, LP financials
$44.94−0.73%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.12B | $1.03B | $952.5M | $942.3M | $917.1M | $928.5M | $883.4M | $905.6M | $887.7M | $858.2M | $776.0M |
| Gross profit | $1.11B | $1.02B | $959.9M | $901.3M | $899.6M | $875.6M | $889.2M | $850.5M | $851.6M | $841.6M | $817.4M | $748.4M |
| Gross margin | 90.4% | 90.8% | 93.1% | 94.6% | 95.5% | 95.5% | 95.8% | 96.3% | 94.0% | 94.8% | 95.2% | 96.4% |
| Operating income | $509.8M | $460.8M | $287.2M | $427.2M | $418.3M | $394.0M | $400.2M | $371.4M | $383.0M | $406.9M | $362.2M | $326.7M |
| Net income | $394.9M | $342.4M | $187.2M | $331.7M | $333.8M | $301.8M | $325.9M | $281.8M | $369.8M | $559.5M | $305.3M | $270.8M |
| Net margin | 32.2% | 30.5% | 18.1% | 34.8% | 35.4% | 32.9% | 35.1% | 31.9% | 40.8% | 63.0% | 35.6% | 34.9% |
| Diluted EPS | $0.99 | $0.85 | $0.46 | $0.87 | $0.87 | $0.79 | $0.85 | $0.74 | $0.97 | $1.47 | $0.80 | $0.70 |
| EBITDA | $716.3M | $661.8M | $487.6M | $609.1M | $591.1M | $564.5M | $563.2M | $542.1M | $547.9M | $565.0M | $362.2M | $474.4M |
| Operating cash flow | $534.7M | $469.9M | $557.6M | $570.2M | $564.0M | $530.8M | $554.4M | $551.3M | $631.4M | $399.7M | $473.3M | $394.8M |
| Free cash flow | $264.4M | $234.2M | $335.4M | $385.5M | $385.4M | $388.4M | $315.7M | $361.9M | $419.6M | $205.9M | $274.6M | $192.9M |
| Diluted shares | 399.4M | 400.6M | 403.9M | 382.8M | 382.3M | 382.5M | 383.3M | 382.6M | 382.3M | 381.6M | 381.6M | 384.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $104.8M | $647.5M | $819.5M | $177.3M | $129.7M | $448.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $9.05B | $8.64B | $8.64B | $6.94B | $6.94B | $7.28B |
| Total assets | $16.32B | $14.92B | $15.00B | $12.13B | $12.16B | $12.46B |
| Total liabilities | $11.92B | $11.42B | $10.84B | $8.80B | $8.83B | $9.12B |
| Shareholders' equity | $4.40B | $3.51B | $4.16B | $3.33B | $3.33B | $3.33B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology