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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues and Other      
Total revenues and other $ 1,804,270 $ 1,752,072 $ 1,533,377
Equity income, net – affiliates [1] 78,717 71,251 57,836
Operating expenses      
Cost of product [2] 494,194 528,369 458,379
Operation and maintenance [2] 308,010 331,972 293,710
General and administrative [2] 49,248 44,428 41,777
Property and other taxes 40,161 33,327 28,923
Depreciation and amortization 272,933 272,611 211,809
Impairments 15,535 515,458 5,125
Total operating expenses 1,180,081 1,726,165 1,039,723
Gain (loss) on divestiture and other, net [3],[4] (14,641) 57,024 (9)
Proceeds from business interruption insurance claims 16,270 0 0
Operating income (loss) 704,535 154,182 551,481
Interest income – affiliates [5] 16,900 16,900 16,900
Interest expense [6] (116,628) (113,874) (76,769)
Other income (expense), net 545 (578) 938
Income (loss) before income taxes 605,352 56,630 492,550
Income tax (benefit) expense 8,372 45,532 39,061
Net income (loss) 596,980 11,098 453,489
Net income (loss) attributable to noncontrolling interests 251,208 (154,409) 165,468
Net income (loss) attributable to Western Gas Equity Partners, LP 345,772 165,507 288,021
Limited partners' interest in net income (loss):      
Pre-acquisition net (income) loss allocated to Anadarko (11,326) (79,386) (65,154)
Limited partners' interest in net income (loss) [7] 334,446 86,121 222,867
Affiliates [Member]      
Revenues and Other      
Gathering, processing and transportation 750,087 772,361 615,907
Natural gas and natural gas liquids sales 478,145 447,106 582,989
Other 0 1,172 5,078
Total revenues and other [1] 1,228,232 1,220,639 1,203,974
Operating expenses      
Cost of product [1] 80,455 167,354 127,930
Operation and maintenance [8] 72,330 77,061 71,386
General and administrative [9] 38,873 34,703 32,055
Total operating expenses 191,658 279,118 231,371
Interest expense [10] 7,747 (14,400) (3)
Third Parties [Member]      
Revenues and Other      
Gathering, processing and transportation 477,762 356,477 278,127
Natural gas and natural gas liquids sales 94,168 170,843 42,916
Other 4,108 4,113 8,360
Total revenues and other 576,038 531,433 329,403
Operating expenses      
Interest expense $ (124,375) $ (99,474) $ (76,766)
Limited Partner [Member]      
Limited partners' interest in net income (loss):      
Net income (loss) per common unit - basic and diluted $ 1.53 $ 0.39 $ 1.02
Weighted-average common units outstanding - basic and diluted 218,922 218,913 218,910
[1] Represents amounts earned or incurred on and subsequent to the date of acquisition of WES assets, as well as amounts earned or incurred by Anadarko on a historical basis related to WES assets prior to the acquisition of such assets by WES, recognized under gathering, treating or processing agreements, and purchase and sale agreements.
[2] Cost of product includes product purchases from Anadarko (as defined in Note 1) of $80.5 million, $167.4 million and $127.9 million for the years ended December 31, 2016, 2015 and 2014, respectively. Operation and maintenance includes charges from Anadarko of $72.3 million, $77.1 million and $71.4 million for the years ended December 31, 2016, 2015 and 2014, respectively. General and administrative includes charges from Anadarko of $38.9 million, $34.7 million and $32.1 million for the years ended December 31, 2016, 2015 and 2014, respectively. See Note 5.
[3] Includes losses related to an incident at the DBM complex for the year ended December 31, 2015. See Note 1.
[4] Includes losses related to an incident at the DBM complex for the year ended December 31, 2015. See Note 1.
[5] Represents interest income recognized on the note receivable from Anadarko.
[6] Includes affiliate (as defined in Note 1) amounts of $7.7 million, $(14.4) million and zero for the years ended December 31, 2016, 2015 and 2014, respectively. See Note 2 and Note 12.
[7] Represents net income (loss) earned on and subsequent to the date of acquisition of WES assets (as defined in Note 1). See Note 4.
[8] 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.
[9] 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 and WGP by Anadarko (see WES LTIP and WGP LTIP and Anadarko Incentive Plans within this Note 5) and amounts charged by Anadarko under the WGP and WES omnibus agreements.
[10] For the years ended December 31, 2016 and 2015, includes amounts related to WES’s Deferred purchase price obligation - Anadarko (see Note 2 and Note 12) and for the years ended December 31, 2015 and 2014, includes interest expense recognized on the WGP WCF (see Note 12).