Last 7 days
-3.7%
Last 30 days
-0.2%
Last 90 days
-2.3%
Trailing 12 Months
-1.4%
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Revenue | -0.7% | 3,227 | 3,252 | 3,191 | 3,118 | 2,960 |
Operating Expenses | 6.9% | 700 | 655 | 635 | 585 | 570 |
S&GA Expenses | 1.3% | 197 | 194 | 200 | 202 | 199 |
Costs and Expenses | 4.0% | 2,028 | 1,951 | 1,890 | 1,797 | 1,715 |
EBITDA | 5.4% | 2,172 | 2,060 | 2,044 | 1,980 | - |
EBITDA Margin | 3.5% | 0.67* | 0.65* | 0.63* | - | - |
Earnings Before Taxes | -8.7% | 1,146 | 1,256 | 1,147 | 1,138 | 1,061 |
EBT Margin | 7.5% | 0.39* | 0.36* | 0.35* | - | - |
Interest Expenses | -1.1% | 330 | 334 | 339 | 349 | 363 |
Net Income | -7.9% | 1,121 | 1,217 | 1,142 | 1,132 | 1,055 |
Net Income Margin | 4.6% | 0.37* | 0.36* | 0.34* | - | - |
Free Cahsflow | -9.2% | 1,701 | 1,874 | 1,797 | 1,782 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Assets | -1.4% | 11,112 | 11,272 | 11,473 | 11,389 | 11,446 |
Current Assets | -18.3% | 735 | 900 | 896 | 863 | 906 |
Cash Equivalents | -60.7% | 113 | 287 | 159 | 97.00 | 248 |
Net PPE | 0.0% | 8,541 | 8,542 | 8,540 | 8,478 | 8,475 |
Goodwill | 0% | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
Liabilities | -1.9% | 8,011 | 8,164 | 8,467 | 8,084 | 8,175 |
Current Liabilities | -35.7% | 581 | 904 | 746 | 755 | 1,337 |
Long Term Debt | 1.9% | 6,694 | 6,570 | 7,027 | 6,656 | 6,189 |
Accumulated Depreciation | 3.8% | 5,009 | 4,824 | 4,697 | 4,581 | 4,455 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Cashflow From Operations | 1.5% | 1,727 | 1,701 | 1,874 | 1,797 | 1,782 |
Share Based Compensation | -2.0% | 27.00 | 28.00 | 28.00 | 29.00 | 29.00 |
Cashflow From Investing | -49.3% | -325 | -218 | -426 | -322 | -282 |
Cashflow From Financing | -9.9% | -1,537 | -1,398 | -1,388 | -1,682 | -1,307 |
Dividend Payments | 8.4% | 798 | 736 | 674 | 610 | 537 |
Buy Backs | 0.4% | 490 | 488 | 560 | 280 | 206 |
64.2%
37.3%
26.9%
Y-axis is the maximum loss one would have experienced if Western Midstream Partners was unfortunately bought at previous high price.
2.9%
0.3%
1.8%
49.8%
FIve years rolling returns for Western Midstream Partners.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-05-23 | Brookfield Corp /ON/ | added | 2.08 | 168,425 | 66,160,200 | 0.25% |
2023-05-19 | Coppell Advisory Solutions LLC | sold off | -100 | -967 | - | -% |
2023-05-18 | JPMORGAN CHASE & CO | reduced | -5.88 | -9,322,000 | 113,996,000 | 0.01% |
2023-05-17 | B. Riley Wealth Advisors, Inc. | reduced | -0.53 | -22,365 | 945,470 | 0.03% |
2023-05-17 | Advisory Services Network, LLC | reduced | -69.88 | -27,057 | 11,365 | -% |
2023-05-17 | Westside Investment Management, Inc. | unchanged | - | 23,709 | 23,733 | 0.01% |
2023-05-16 | CHILTON CAPITAL MANAGEMENT LLC | unchanged | - | -38,400 | 2,109,570 | 0.12% |
2023-05-16 | Apollon Wealth Management, LLC | added | 6.23 | 22,431 | 540,743 | 0.03% |
2023-05-16 | JANE STREET GROUP, LLC | added | 135 | 1,248,560 | 2,201,920 | -% |
2023-05-16 | Rockefeller Capital Management L.P. | added | 148 | 423,000 | 717,000 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 13, 2023 | alps advisors inc | 6.60% | 25,442,166 | SC 13G/A | |
Feb 16, 2021 | invesco ltd. | 5.1% | 21,340,971 | SC 13G | |
Sep 17, 2020 | occidental petroleum corp /de/ | 51.5% | 214,281,578 | SC 13D/A | |
Feb 14, 2020 | tortoise capital advisors, l.l.c. | 4.6% | 20,879,174 | SC 13G/A | |
Feb 12, 2020 | neuberger berman group llc | 3.40% | 15,386,554 | SC 13G/A | |
Feb 12, 2020 | neuberger berman group llc | 3.40% | 15,386,554 | SC 13G/A | |
Jan 07, 2020 | occidental petroleum corp /de/ | 54.5% | 242,136,976 | SC 13D/A | |
Jan 07, 2020 | occidental petroleum corp /de/ | 54.5% | 242,136,976 | SC 13D/A | |
Oct 09, 2019 | tortoise capital advisors, l.l.c. | 5.3% | 23,952,076 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
May 09, 2023 | 3 | Insider Trading | |
May 03, 2023 | 8-K | Current Report | |
May 03, 2023 | 10-Q | Quarterly Report | |
Apr 10, 2023 | 8-K | Current Report | |
Apr 05, 2023 | 8-K | Current Report | |
Mar 30, 2023 | S-3ASR | S-3ASR | |
Feb 23, 2023 | 10-K/A | Annual Report | |
Feb 22, 2023 | 8-K | Current Report | |
Feb 22, 2023 | 10-K | Annual Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-02-14 | Ure Michael | acquired | - | - | 146,678 | president & ceo |
2023-02-14 | Ure Michael | sold (taxes) | -1,644,960 | 28.5 | -57,718 | president & ceo |
2023-02-14 | Dial Christopher B. | sold (taxes) | -329,004 | 28.5 | -11,544 | svp, gc and secretary |
2023-02-14 | Green Catherine A. | sold (taxes) | -137,085 | 28.5 | -4,810 | svp & chief accounting officer |
2023-02-14 | Bourne Robert W. | acquired | - | - | 34,225 | svp & chief commercial officer |
2023-02-14 | Green Catherine A. | acquired | - | - | 12,225 | svp & chief accounting officer |
2023-02-14 | Dial Christopher B. | acquired | - | - | 29,335 | svp, gc and secretary |
2023-02-14 | Bourne Robert W. | sold (taxes) | -383,838 | 28.5 | -13,468 | svp & chief commercial officer |
2023-02-13 | Ure Michael | acquired | - | - | 2,576 | president & ceo |
2023-02-13 | Green Catherine A. | sold (taxes) | -2,460 | 28.28 | -87.00 | svp & chief accounting officer |
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |||||||||
Revenues and other | ||||||||||
Revenues and other | [1] | $ 733,982 | $ 758,297 | |||||||
Equity income, net – related parties | 39,021 | 49,607 | ||||||||
Operating expenses | ||||||||||
Cost of product | 51,459 | 72,848 | ||||||||
Operation and maintenance | 174,239 | 128,976 | ||||||||
General and administrative | 51,117 | 48,602 | ||||||||
Property and other taxes | 6,831 | 18,442 | ||||||||
Depreciation and amortization | 144,626 | 134,582 | ||||||||
Long-lived asset and other impairments | [2] | 52,401 | 0 | |||||||
Total operating expenses | [3] | 480,673 | 403,450 | |||||||
Gain (loss) on divestiture and other, net | (2,118) | 370 | ||||||||
Operating income (loss) | 290,212 | 404,824 | ||||||||
Interest expense | (81,670) | (85,455) | ||||||||
Other income (expense), net | 1,215 | 106 | ||||||||
Income (loss) before income taxes | 209,757 | 319,475 | ||||||||
Income tax expense (benefit) | 1,416 | 1,805 | ||||||||
Net income (loss) | 208,341 | 317,670 | ||||||||
Net income (loss) attributable to noncontrolling interests | 4,696 | 8,953 | ||||||||
Net income (loss) attributable to Western Midstream Partners, LP | 203,645 | 308,717 | ||||||||
Limited partners' interest in net income (loss): | ||||||||||
Net income (loss) attributable to Western Midstream Partners, LP | 203,645 | 308,717 | ||||||||
General partner interest in net (income) loss | (4,686) | (6,783) | ||||||||
Limited partners' interest in net income (loss) | [4] | $ 198,959 | $ 301,934 | |||||||
Net income (loss) per common unit - basic | [4] | $ 0.52 | $ 0.75 | |||||||
Net income (loss) per common unit - diluted | [4] | $ 0.52 | $ 0.75 | |||||||
Weighted-average common units outstanding - basic | [4] | 384,468 | 403,254 | |||||||
Weighted-average common units outstanding - diluted | [4] | 385,750 | 404,460 | |||||||
Service Revenues - Fee Based [Member] | ||||||||||
Revenues and other | ||||||||||
Revenues and other | $ 647,867 | $ 631,598 | ||||||||
Service Revenues - Product Based [Member] | ||||||||||
Revenues and other | ||||||||||
Revenues and other | 46,810 | 40,867 | ||||||||
Product Sales [Member] | ||||||||||
Revenues and other | ||||||||||
Revenues and other | 39,025 | 85,589 | ||||||||
Other [Member] | ||||||||||
Revenues and other | ||||||||||
Revenues and other | $ 280 | $ 243 | ||||||||
|
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | ||||||
---|---|---|---|---|---|---|---|---|
Current assets | ||||||||
Cash and cash equivalents | $ 112,645 | $ 286,656 | ||||||
Accounts receivable, net | 558,300 | 554,263 | ||||||
Other current assets | 64,353 | 59,506 | ||||||
Total current assets | 735,298 | 900,425 | ||||||
Property, plant, and equipment | ||||||||
Cost | 13,550,060 | 13,365,593 | ||||||
Less accumulated depreciation | 5,008,838 | 4,823,993 | ||||||
Net property, plant, and equipment | 8,541,222 | 8,541,600 | ||||||
Goodwill | 4,783 | 4,783 | ||||||
Other intangible assets | 705,158 | 713,075 | ||||||
Equity investments | 931,852 | 944,696 | ||||||
Other assets | [1] | 194,175 | 167,049 | |||||
Total assets | [2] | 11,112,488 | 11,271,628 | |||||
Current liabilities | ||||||||
Accounts and imbalance payables | 362,398 | 360,562 | ||||||
Short-term debt | 2,714 | 215,780 | ||||||
Accrued ad valorem taxes | 52,717 | 72,875 | ||||||
Accrued liabilities | 163,498 | 254,640 | ||||||
Total current liabilities | 581,327 | 903,857 | ||||||
Long-term liabilities | ||||||||
Long-term debt | 6,693,941 | 6,569,582 | ||||||
Deferred income taxes | 15,348 | 14,424 | ||||||
Asset retirement obligations | 293,718 | 290,021 | ||||||
Other liabilities | 426,590 | 385,629 | ||||||
Total long-term liabilities | 7,429,597 | 7,259,656 | ||||||
Total liabilities | [3] | 8,010,924 | 8,163,513 | |||||
Equity and partners' capital | ||||||||
Common units (384,615,227 and 384,070,984 units issued and outstanding at March 31, 2023, and December 31, 2022, respectively) | 2,964,712 | 2,969,604 | ||||||
General partner units (9,060,641 units issued and outstanding at March 31, 2023, and December 31, 2022) | 2,261 | 2,105 | ||||||
Total partners' capital | 2,966,973 | 2,971,709 | ||||||
Noncontrolling interests | 134,591 | 136,406 | ||||||
Total equity and partners' capital | 3,101,564 | 3,108,115 | ||||||
Total liabilities, equity, and partners' capital | $ 11,112,488 | $ 11,271,628 | ||||||
Common units issued | 384,615,227 | 384,070,984 | ||||||
Common units outstanding | 384,615,227 | 384,070,984 | ||||||
General partner units issued | 9,060,641 | 9,060,641 | ||||||
General partner units outstanding | 9,060,641 | 9,060,641 | ||||||
|