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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues and Other    
Product sales $ 75,937  
Total revenues and other 437,168 $ 516,193
Equity income, net – affiliates [1] 20,424 19,461
Operating expenses    
Cost of product [2] 77,799 189,359
Operation and maintenance [2] 88,279 73,760
General and administrative [2] 14,964 13,476
Property and other taxes 12,382 12,294
Depreciation and amortization 76,842 69,702
Impairments 148 164,742
Total operating expenses 270,414 523,333
Gain (loss) on divestiture and other, net [3],[4] 116 119,487
Proceeds from business interruption insurance claims 0 5,767
Operating income (loss) 187,294 137,575
Interest income – affiliates [5] 4,225 4,225
Interest expense [6] (40,346) (36,033)
Other income (expense), net 817 446
Income (loss) before income taxes 151,990 106,213
Income tax (benefit) expense 1,502 3,552
Net income (loss) 150,488 102,661
Net income (loss) attributable to noncontrolling interests 49,483 26,721
Net income (loss) attributable to Western Gas Equity Partners, LP 101,005 75,940
Fee Based [Member]    
Revenues and Other    
Service revenues - fee and product based 338,419  
Product Based [Member]    
Revenues and Other    
Service revenues - fee and product based 22,593  
Affiliates [Member]    
Revenues and Other    
Product sales 54,819 142,841
Total revenues and other [1] 241,062 315,155
Operating expenses    
Cost of product [1] 20,244 15,988
Operation and maintenance [7] 20,248 17,089
General and administrative [8] 11,823 9,734
Total operating expenses 52,315 42,811
Interest expense [9] 0 (71)
Affiliates [Member] | Fee Based [Member]    
Revenues and Other    
Service revenues - fee and product based 186,001 172,314
Affiliates [Member] | Product Based [Member]    
Revenues and Other    
Service revenues - fee and product based 242 0
Third Parties [Member]    
Revenues and Other    
Product sales 21,118 63,684
Other 219 1,854
Total revenues and other 196,106 201,038
Operating expenses    
Interest expense (40,346) (35,962)
Third Parties [Member] | Fee Based [Member]    
Revenues and Other    
Service revenues - fee and product based 152,418 135,500
Third Parties [Member] | Product Based [Member]    
Revenues and Other    
Service revenues - fee and product based $ 22,351 $ 0
Limited Partner [Member]    
Limited partners' interest in net income (loss):    
Net income (loss) per common unit - basic and diluted $ 0.46 $ 0.35
Weighted-average common units outstanding - basic and diluted 218,933 218,929
[1] Represents amounts earned or incurred on and subsequent to the date of the 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 $20.2 million and $16.0 million for the three months ended March 31, 2018 and 2017, respectively. Operation and maintenance includes charges from Anadarko of $20.2 million and $17.1 million for the three months ended March 31, 2018 and 2017, respectively. General and administrative includes charges from Anadarko of $11.8 million and $9.7 million for the three months ended March 31, 2018 and 2017, respectively. See Note 6.
[3] Includes losses related to an incident at the DBM complex for the three months ended March 31, 2017. See Note 1.
[4] Includes losses related to an incident at the DBM complex for the three months ended March 31, 2017. See Note 1.
[5] Represents interest income recognized on the note receivable from Anadarko.
[6] Includes affiliate (as defined in Note 1) amounts of zero and $(0.1) million for the three months ended March 31, 2018 and 2017, respectively. See Note 10.
[7] 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.
[8] Represents general and administrative expense incurred on and subsequent to the date of the 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 Anadarko Incentive Plan within this Note 6) and amounts charged by Anadarko under the WGP and WES omnibus agreements.
[9] Includes amounts related to the Deferred purchase price obligation - Anadarko (see Note 3 and Note 10).