XML 39 R27.htm IDEA: XBRL DOCUMENT v3.4.0.3
Partnership Distributions (Tables)
12 Months Ended
Dec. 31, 2015
Distribution Made to Limited Partner [Line Items]  
Cash Distributions Tables
The Board of Directors of WGP GP declared the following cash distributions to WGP unitholders for the periods presented:
thousands except per-unit amounts
Quarters Ended
 
Total Quarterly
Distribution
per Unit
 
Total Quarterly
Cash Distribution
 
Date of
Distribution
2013
 
 
 
 
 
 
March 31
 
$
0.17875

 
$
39,128

 
May 2013
June 30
 
0.19750

 
43,232

 
August 2013
September 30
 
0.21375

 
46,789

 
November 2013
December 31
 
0.23125

 
50,620

 
February 2014
2014
 
 
 
 
 
 
March 31
 
$
0.25000

 
$
54,726

 
May 2014
June 30
 
0.27125

 
59,378

 
August 2014
September 30
 
0.29125

 
63,756

 
November 2014
December 31
 
0.31250

 
68,409

 
February 2015
2015
 
 
 
 
 
 
March 31
 
$
0.34250

 
$
74,977

 
May 2015
June 30
 
0.36375

 
79,630

 
August 2015
September 30
 
0.38125

 
83,461

 
November 2015
December 31 (1)
 
0.40375

 
88,389

 
February 2016
                                                                                                                                                                                    
(1) 
On January 21, 2016, the Board of Directors of WGP GP declared a cash distribution to WGP unitholders of $0.40375 per unit, or $88.4 million in aggregate. The cash distribution was paid on February 22, 2016, to WGP unitholders of record at the close of business on February 1, 2016.
Western Gas Partners, LP [Member]  
Distribution Made to Limited Partner [Line Items]  
Cash Distributions Tables
The Board of Directors of WES GP declared the following cash distributions to WES’s common and general partner unitholders for the periods presented:
thousands except per-unit amounts
Quarters Ended
 
Total Quarterly
Distribution
per Unit
 
Total Quarterly
Cash Distribution
 
Date of
Distribution
2013
 
 
 
 
 
 
March 31
 
$
0.540

 
$
70,143

 
May 2013
June 30
 
0.560

 
79,315

 
August 2013
September 30
 
0.580

 
83,986

 
November 2013
December 31
 
0.600

 
92,609

 
February 2014
2014
 
 
 
 
 
 
March 31
 
$
0.625

 
$
98,749

 
May 2014
June 30
 
0.650

 
105,655

 
August 2014
September 30
 
0.675

 
111,608

 
November 2014
December 31
 
0.700

 
126,044

 
February 2015
2015
 
 
 
 
 
 
March 31
 
$
0.725

 
$
133,203

 
May 2015
June 30
 
0.750

 
139,736

 
August 2015
September 30
 
0.775

 
146,160

 
November 2015
December 31 (1)
 
0.800

 
152,588

 
February 2016
                                                                                                                                                                                    
(1) 
On January 21, 2016, the Board of Directors of WES GP declared a cash distribution to WES unitholders of $0.800 per unit, or $152.6 million in aggregate, including incentive distributions, but excluding distributions on WES Class C units (see WES Class C unit distributions below). The cash distribution was paid on February 11, 2016, to WES unitholders of record at the close of business on February 1, 2016.
PIK Class C Units Distributions Table
WES issued the following PIK Class C units to APC Midstream Holdings, LLC (“AMH”), the holder of the Class C units, for the periods presented:
thousands except unit amounts
For the Quarters Ended
 
PIK Class C
Units
 
Implied
Fair Value
 
Date of
Distribution
2014
 
 
 
 
 
 
December 31 (1)
 
45,711

 
$
3,072

 
February 2015
2015
 
 
 
 
 
 
March 31
 
118,230

 
$
8,101

 
May 2015
June 30
 
153,020

 
8,721

 
August 2015
September 30
 
181,048

 
9,724

 
November 2015
December 31
 
323,584

 
10,070

 
February 2016
                                                                                                                                                                                    
(1) 
Prorated for the 37-day period the Class C units were outstanding during the fourth quarter of 2014.