Related-Party Transactions (Tables)

6 Months Ended

Jun. 30, 2022

The following tables summarize material related-party transactions included in the Partnership’s consolidated financial statements:


Consolidated statements of operations

	Three Months Ended June 30,				Six Months Ended June 30,
thousands	2022		2021		2022		2021
Revenues and other
Service revenues – fee based	$	428,631	$	402,684	$	843,530	$	770,159
Service revenues – product based	21,808		3,658		24,051		8,163
Product sales	6,342		9,101		17,909		15,372
Total revenues and other	456,781		415,443		885,490		793,694
Equity income, net – related parties (1)	48,464		58,666		98,071		110,831
Operating expenses
Cost of product (2)	(12,148)		18,937		(31,691)		36,584
Operation and maintenance	702		2,915		643		21,037
General and administrative (3)	233		7,102		2,208		11,195
Total operating expenses	(11,213)		28,954		(28,840)		68,816

_________________________________________________________________________________________

(1)See Note 7.

(2)Includes related-party natural-gas and NGLs imbalances.

(3)Includes (i) amounts charged by Occidental pursuant to the shared services agreement (see Services Agreement within this Note 6) and (ii) equity-based compensation expense allocated to the Partnership by Occidental, which is not reimbursed to Occidental and is reflected as a contribution to partners’ capital in the consolidated statements of equity and partners’ capital (see Incentive Plans within this Note 6).

6. RELATED-PARTY TRANSACTIONS





Consolidated balance sheets
thousands	June 30, 2022		December 31, 2021
Assets
Accounts receivable, net	$	322,715	$	180,205
Other current assets	14,591		12,490

Equity investments (1)	1,148,487		1,167,187
Other assets	45,921		45,494
Total assets	1,531,714		1,405,376
Liabilities
Accounts and imbalance payables	47,175		49,242

Accrued liabilities	4,136		13,914
Other liabilities	237,008		207,365
Total liabilities	288,319		270,521

_________________________________________________________________________________________

(1)See Note 7.


Consolidated statements of cash flows

	Six Months Ended June 30,
thousands	2022		2021
Distributions from equity-investment earnings – related parties	$	96,404	$	110,763
Capital expenditures	—		(2,000)

Contributions to equity investments – related parties	(5,040)		(3,508)
Distributions from equity investments in excess of cumulative earnings – related parties	25,407		21,373
Distributions to Partnership unitholders (1)	(165,633)		(130,518)
Distributions to WES Operating unitholders (2)	(8,812)		(5,292)
Net contributions from (distributions to) related parties	784		4,508

_________________________________________________________________________________________

(1)Represents distributions paid to Occidental pursuant to the partnership agreement of the Partnership (see Note 4 and Note 5).

(2)Represents distributions paid to Occidental, through its ownership of WGRAH, pursuant to WES Operating’s partnership agreement (see Note 4 and Note 5).

WES Operating [Member]

Related-Party Transactions Tables

The following tables summarize material related-party transactions for WES Operating (which are included in the Partnership’s consolidated financial statements) to the extent the amounts differ materially from the Partnership’s consolidated financial statements:


Consolidated statements of operations

	Three Months Ended June 30,				Six Months Ended June 30,
thousands	2022		2021		2022		2021
General and administrative (1)	$	919	$	7,699	$	3,867	$	12,286

_________________________________________________________________________________________

(1)Includes (i) amounts charged by Occidental pursuant to the shared services agreement (see Services Agreement within this Note 6), (ii) equity-based compensation expense allocated to WES Operating by Occidental, which is not reimbursed to Occidental and is reflected as a contribution to partners’ capital in the consolidated statements of equity and partners’ capital (see Incentive Plans within this Note 6), and (iii) an intercompany service fee between the Partnership and WES Operating.





Consolidated balance sheets
thousands	June 30, 2022		December 31, 2021

Other current assets	$	14,475	$	12,490
Other assets	45,235		45,494
Accounts and imbalance payables (1)	73,392		97,749
Accrued liabilities	3,819		13,597

_________________________________________________________________________________________

(1)Includes balances related to transactions between the Partnership and WES Operating.


Consolidated statements of cash flows

	Six Months Ended June 30,
thousands		2022		2021
Distributions to WES Operating unitholders (1)		$	(440,465)	$	(264,500)

_________________________________________________________________________________________

(1)Represents distributions paid to the Partnership and Occidental, through its ownership of WGRAH, pursuant to WES Operating’s partnership agreement. See Note 4 and Note 5.