WES · XBRL financial data

Western Midstream Partners financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (WES's year ends in late December)

In millions of dollars	Q2 FY23Jun 30, 2023	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026
Revenue	738	776	858*	888	906	883	929*	917	942	952	1,031*	1,124
Revenue from contracts with customers	738	776	858*	887	905	883	928*	917	942	952	1,030*	1,122
General and administrative	53	55	73*	68	63	65	76*	67	66	64	202*	75
Operating income (loss)	337	361	392*	679	470	396	426*	410	444	442	306*	469
Interest expense	86	83	98*	95	91	94	99*	97	95	92	106*	113
Other income (expense)	3	(1)	3*	2	4	10	16*	7	4	2	4*	7
Income tax expense (benefit)	1	1	1*	2	1	15	0*	3	2	2	7*	4
Net income (loss)	253	277	288*	573	379	288	334*	309	342	340	191*	350

Fiscal quarters (WES's year ends in late December)

In millions of dollars	Q2 FY23Jun 30, 2023	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026
Cash and cash equivalents	214	489	273	295	344	1,125	1,090	448	130	177	819	647
Accounts receivable	553	614	666	720	684	671	701	673	704	682	759	813
Total current assets	797	1,136	992	1,066	1,068	1,833	1,847	1,190	905	917	1,657	1,539
Property and equipment, net	8,601	8,664	9,655	9,725	9,644	9,696	9,715	9,727	9,740	9,726	11,221	11,295
Right-of-use asset	—	—	84	—	—	—	220	—	—	—	188	—
Goodwill	5	5	5	5	5	5	5	5	5	5	353	348
Total assets	11,219	11,627	12,472	12,265	12,181	12,981	13,145	12,457	12,160	12,125	14,998	14,925
Accrued liabilities	224	190	263	174	226	204	329	257	289	279	408	498
Total current liabilities	622	636	1,304	708	634	1,646	1,692	1,011	695	640	1,236	1,407
Lease liability, non-current	—	—	48	—	—	—	144	—	—	—	110	—
Total liabilities	8,197	8,671	9,442	8,889	8,756	9,604	9,770	9,123	8,826	8,797	10,835	11,418
Total liabilities and equity	11,219	11,627	12,472	12,265	12,181	12,981	13,145	12,457	12,160	12,125	14,998	14,925
Common shares outstanding (cover page) millions of shares	385	380	380	380	380	381	381	381	381	408	394	394

Fiscal quarters (WES's year ends in late December)

In millions of dollars	Q2 FY23Jun 30, 2023	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026
Net income (loss)	253	277	288*	573	379	288	334*	309	342	340	191*	350
Stock-based compensation	8*	7*	10*	9	10*	9*	9*	8	11*	10*	21*	11
Depreciation and amortization	143	147	165*	158	163	166	163*	170	172	170	198*	200
Net cash from operating activities	491*	395*	473*	400	631*	551*	554*	531	564*	570*	558*	470
Net cash from investing activities	(151)*	(208)*	(1,069)*	397	(15)*	(191)*	(230)*	(141)	(174)*	(162)*	(609)*	(235)
Share repurchases	0*	128*	0*	0	0*	0*	0*	—	—	—	year only	—
Dividends paid	337*	221*	223*	223	341*	341*	341*	341	355*	355*	380*	380
Proceeds from long-term debt	736*	845*	648*	0	(1)*	790*	(0)*	0	(1)*	0*	1,185*	(0)
Repayments of long-term debt	605*	400*	650*	15	129*	0*	0*	664	337*	0*	80*	0
Net cash from financing activities	(238)*	89*	379*	(774)	(568)*	420*	(358)*	(1,032)	(709)*	(361)*	693*	(407)
Net change in cash	101*	276*	(217)*	22	49*	781*	(34)*	(642)	(319)*	48*	642*	(172)

SIC 4922 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4922 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Western Midstream Partners	647	1,124	470	393.8M	—	Q1 FY26 10-QMar 31, 2026
Venture Global	3,120	4,578	2,072*	not reported	—	Q2 FY26 10-QJun 30, 2026
National Fuel Gas	1,235	537	377*	95.0M	—	Q3 FY26 10-QJun 30, 2026
Antero Midstream	0	327	600*	472.3M	—	Q3 FY26 10-QSep 30, 2026
DT Midstream	231	336	275*	102.0M	—	Q3 FY26 10-QSep 30, 2026
Southwest Gas Holdings	271	not reported	146*	72.4M	—	Q2 FY26 10-QJun 30, 2026
New Jersey Resources	34	258	(12)*	101.5M	2.9 quarters	Q3 FY26 10-QJun 30, 2026
Spire	50	not reported	410*	59.1M	—	Q2 FY26 10-QMar 31, 2026
Archrock	4.1	371	159*	175.4M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.