Western Midstream Partners (WES)
Moves and processes gas, liquids, crude oil, and produced water across major American basins.
$46.30
After-hours close+0.23 (+0.50%)
At close$46.07(−1.09%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 776 | 858 | 888 | 906 | 883 | 929 | 917 | 942 | 952 | 1,031 | 1,124 | 1,225 |
| Cost of revenue | 175 | 206 | 204 | 217 | 199 | 202 | 212 | 215 | 264 | 522 | 264 | 403 |
| Gross profit | 601 | 652 | 684 | 688 | 685 | 726 | 705 | 728 | 689 | 510 | 859 | 822 |
| 240 | 260 | 4 | 218 | 289 | 300 | 295 | 283 | 247 | 220 | 399 | 295 | |
| 55 | 73 | 68 | 63 | 65 | 76 | 67 | 66 | 64 | 202 | 75 | 86 | |
| General & administrative | 55 | 73 | 68 | 63 | 65 | 76 | 67 | 66 | 64 | 202 | 75 | 86 |
| Other expenses | 185 | 187 | −64 | 156 | 224 | 224 | 229 | 217 | 183 | 18 | 323 | 209 |
| Operating income | 361 | 392 | 679 | 470 | 396 | 426 | 410 | 444 | 442 | 290 | 461 | 527 |
| −75 | −95 | −92 | −81 | −85 | −84 | −90 | −91 | −91 | −86 | −99 | −106 | |
| Interest expense | 83 | 98 | 95 | 94 | 91 | 96 | 94 | 92 | 92 | 112 | −113 | 109 |
| Other non-operating income | −4 | 0 | 0 | −13 | −6 | −12 | −4 | −1 | −2 | −26 | 212 | 3 |
| Income before tax | 285 | 297 | 588 | 388 | 311 | 342 | 320 | 353 | 351 | 204 | 363 | 420 |
| Income tax expense | 1 | 1 | 2 | 1 | 15 | 0 | 3 | 2 | 2 | 7 | 4 | 5 |
| Net income from continuing operations | 284 | 296 | 586 | 388 | 296 | 342 | 317 | 351 | 349 | 196 | 359 | 415 |
| Net income | 277 | 288 | 573 | 379 | 288 | 334 | 309 | 342 | 332 | 187 | 342 | 404 |
| EPS, basic | $0.71 | $0.74 | $1.47 | $0.97 | $0.74 | $0.86 | $0.79 | $0.88 | $0.87 | $0.47 | $0.88 | $0.99 |
| EPS, diluted | $0.70 | $0.74 | $1.47 | $0.97 | $0.74 | $0.85 | $0.79 | $0.87 | $0.87 | $0.47 | $0.87 | $0.99 |
| Weighted average shares, basic | 384 | 380 | 380 | 380 | 381 | 381 | 381 | 381 | 381 | 400 | 399 | 398 |
| Weighted average shares, diluted | 385 | 381 | 382 | 382 | 383 | 383 | 382 | 382 | 383 | 402 | 401 | 399 |
| EBITDA | 513 | 557 | 837 | 646 | 568 | 601 | 585 | 617 | 614 | 513 | 450 | 730 |
| Depreciation & amortization | 147 | 165 | 158 | 163 | 166 | 163 | 170 | 172 | 170 | 198 | 200 | 206 |
| EBIT | 365 | 392 | 679 | 482 | 402 | 438 | 414 | 445 | 443 | 316 | 249 | 524 |