Western Midstream Partners, LP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.84B | $3.61B | $3.11B | $3.25B | $2.88B | $2.77B | $2.75B | $2.30B |
| Cost of Revenue | $207.0M | $172.3M | $164.6M | $420.9M | $322.3M | $188.1M | $444.2M | $431.9M |
| Gross Profit | $3.64B | $3.43B | $2.94B | $2.83B | $2.55B | $2.58B | $2.30B | $1.87B |
| Gross Margin | 94.6% | 95.2% | 94.7% | 87.1% | 88.8% | 93.2% | 83.8% | 81.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $398.9M | $271.5M | $232.6M | $194.0M | $195.5M | $155.8M | $114.6M | $67.2M |
| Operating Income | $1.60B | $1.97B | $1.38B | $1.59B | $1.34B | $878.9M | $1.23B | $861.3M |
| Operating Margin | 41.7% | 54.7% | 44.4% | 48.8% | 46.4% | 31.7% | 44.8% | 37.5% |
| Interest Expense | $390.5M | $378.5M | $348.2M | $333.9M | $376.5M | $380.1M | $303.3M | $183.8M |
| Pretax Income | $1.23B | $1.63B | $1.05B | $1.26B | $934.2M | $522.9M | $821.2M | $689.6M |
| Income Tax Expense | $15.1M | $18.1M | $4.4M | $4.2M | $-9.8M | $6.0M | $13.5M | $58.9M |
| Net Income | $1.18B | $1.57B | $1.02B | $1.22B | $916.3M | $527.0M | $697.2M | $551.6M |
| Net Margin | 30.7% | 43.6% | 32.9% | 37.4% | 31.8% | 19.0% | 25.4% | 24.0% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 381.3M | 380.5M | 384.9M | 403.5M | 413.1M | 444.0M | 218.9M | 218.9M |
| Shares Outstanding (Diluted) | 381.3M | 380.5M | 384.9M | 403.5M | 413.1M | 444.0M | 218.9M | 218.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |