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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Total revenues $ 278,001 $ 234,734 [1] $ 762,874 $ 679,720 [1]
Operating expenses        
Cost of product 93,516 [2] 89,107 [1],[2] 270,059 [2] 254,719 [1],[2]
Operation and maintenance 42,757 [2] 35,493 [1],[2] 121,165 [2] 103,304 [1],[2]
General and administrative 7,962 [2] 15,039 [1],[2] 25,100 [2] 35,623 [1],[2]
Property and other taxes 6,649 5,328 [1] 18,520 14,998 [1]
Depreciation, amortization and impairments 37,615 28,455 [1] 106,551 83,263 [1]
Total operating expenses 188,499 173,422 [1] 541,395 491,907 [1]
Operating income 89,502 61,312 [1] 221,479 187,813 [1]
Interest income, net - affiliates 4,225 4,225 [1] 12,675 12,675 [1]
Interest expense (13,018) [3] (10,977) [1],[3] (37,483) [3] (30,118) [1],[3]
Other income (expense), net 466 522 [1] 1,686 (287) [1]
Income before income taxes 81,175 55,082 [1] 198,357 170,083 [1]
Income tax expense 58 14,166 4,431 43,790
Net income 81,117 40,916 [1] 193,926 126,293 [1]
Net income (loss) attributable to noncontrolling interest 36,779 21,605 [1] 82,562 71,258 [1]
Net income attributable to Western Gas Equity Partners, LP 44,338 19,311 [1] 111,364 55,035 [1]
Limited partners' interest in net income:        
Pre-acquisition net (income) loss allocated to Anadarko 0   (4,637)  
Limited partners' interest in net income 44,338 [4]   106,727 [4]  
Affiliated Entity [Member]
       
Revenues        
Gathering, processing and transportation of natural gas and natural gas liquids 83,606 61,388 [1] 218,680 182,448 [1]
Natural gas, natural gas liquids and condensate sales 129,411 115,132 [1] 371,077 324,793 [1]
Equity income and other, net 4,607 4,085 [1] 13,457 12,219 [1]
Total revenues 217,624 [5] 180,605 [1],[5] 603,214 [5] 519,460 [1],[5]
Operating expenses        
Cost of product 33,753 [5] 42,839 [5] 97,801 [5] 115,603 [5]
Operation and maintenance 13,469 [6] 12,638 [6] 41,021 [6] 38,040 [6]
General and administrative 6,090 [7] 14,227 [7] 17,981 [7] 30,811 [7]
Total operating expenses 53,312 69,704 156,803 184,454
Interest expense 0 [8] (81) [8] 0 [8] (2,684) [8]
Third Parties [Member]
       
Revenues        
Gathering, processing and transportation of natural gas and natural gas liquids 47,175 32,545 [1] 124,791 96,518 [1]
Natural gas, natural gas liquids and condensate sales 11,915 20,974 [1] 31,539 62,025 [1]
Equity income and other, net 1,287 610 [1] 3,330 1,717 [1]
Total revenues 60,377 54,129 [1] 159,660 160,260 [1]
Operating expenses        
Interest expense $ (13,018) $ (10,896) $ (37,483) $ (27,434)
Limited Partner [Member] | Common Units [Member]
       
Limited partners' interest in net income:        
Net income per common unit - basic and diluted $ 0.20   $ 0.49  
Weighted average common units outstanding - basic and diluted 218,896,000   218,896,000  
[1] Financial information has been recast to include the financial position and results attributable to the Non-Operated Marcellus Interest. See Note 2.
[2] Cost of product includes product purchases from Anadarko (as defined in Note 1) of $33.8 million and $97.8 million for the three and nine months ended September 30, 2013, respectively, and $42.8 million and $115.6 million for the three and nine months ended September 30, 2012, respectively. Operation and maintenance includes charges from Anadarko of $13.5 million and $41.0 million for the three and nine months ended September 30, 2013, respectively, and $12.6 million and $38.0 million for the three and nine months ended September 30, 2012, respectively. General and administrative includes charges from Anadarko of $6.1 million and $18.0 million for the three and nine months ended September 30, 2013, respectively, and $14.2 million and $30.8 million for the three and nine months ended September 30, 2012, respectively. See Note 5.
[3] Includes affiliate (as defined in Note 1) interest expense of zero for the three and nine months ended September 30, 2013, and $0.1 million and $2.7 million for the three and nine months ended September 30, 2012, respectively. See Note 8.
[4] Represents net income for periods including and subsequent to the acquisition of WES assets (as defined in Note 1). See Note 4.
[5] Represents amounts recognized under gathering, treating or processing agreements, and purchase and sale agreements.
[6] Represents expenses incurred on and subsequent to the date of the acquisition of WES assets, as well as expenses incurred by Anadarko on a historical basis related to WES assets prior to the acquisition of such assets by WES.
[7] Represents general and administrative expense incurred on and subsequent to the date of WES’s acquisition of WES assets, as well as a management services fee for reimbursement of expenses incurred by Anadarko for periods prior to the acquisition of WES assets by WES. These amounts include equity-based compensation expense allocated to WES by Anadarko (see Equity incentive plan and Anadarko incentive plans within this Note 5) and amounts charged by Anadarko under the WGP omnibus agreement.
[8] For the three and nine months ended September 30, 2012, includes interest expense recognized on the WES note payable to Anadarko (see Note 8) and interest imputed on the reimbursement payable to Anadarko for certain expenditures Anadarko incurred in 2011 related to the construction of the Brasada and Lancaster plants. WES repaid the WES note payable to Anadarko in June 2012, and repaid the reimbursement payable to Anadarko related to the construction of the Brasada and Lancaster plants in the fourth quarter of 2012. See Note receivable from and amounts payable to Anadarko within this Note 5.