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Related-Party Transactions (Tables)

3 Months Ended

Mar. 31, 2023

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


Consolidated statements of operations

	Three Months Ended March 31,
thousands	2023		2022
Revenues and other
Service revenues – fee based	$	423,501	$	414,899
Service revenues – product based	8,116		2,243
Product sales	17,168		11,567
Total revenues and other	448,785		428,709
Equity income, net – related parties (1)	39,021		49,607
Operating expenses
Cost of product (2)	(3,947)		(19,543)
Operation and maintenance	747		(59)
General and administrative (3)	67		1,975
Total operating expenses	(3,133)		(17,627)

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(1)See Note 6.

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

(3)Includes 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.





Consolidated balance sheets
thousands	March 31, 2023		December 31, 2022
Assets
Accounts receivable, net	$	307,570	$	313,937
Other current assets	4,175		1,578
Equity investments (1)	931,852		944,696
Other assets	36,158		29,058
Total assets	1,279,755		1,289,269
Liabilities
Accounts and imbalance payables	19,490		32,150
Accrued liabilities	6,109		11,756
Other liabilities (2)	293,077		268,399
Total liabilities	318,676		312,305

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(1)See Note 6.

(2)Includes contract liabilities from contracts with customers. See Note 2.

5. RELATED-PARTY TRANSACTIONS


Consolidated statements of cash flows

	Three Months Ended March 31,
thousands	2023		2022
Distributions from equity-investment earnings – related parties	$	39,609	$	45,870


Contributions to equity investments – related parties	(110)		(2,070)
Distributions from equity investments in excess of cumulative earnings – related parties	12,366		9,925
Distributions to Partnership unitholders (1)	(99,671)		(68,455)
Distributions to WES Operating unitholders (2)	(4,271)		(2,805)
Net contributions from (distributions to) related parties	—		409

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(1)Represents common and general partner unit distributions paid to Occidental pursuant to the partnership agreement of the Partnership (see Note 3 and Note 4).

(2)Represents distributions paid to Occidental, through its ownership of WGRAH, pursuant to WES Operating’s partnership agreement (see Note 3 and Note 4).

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 March 31,
thousands	2023		2022
General and administrative (1)	$	1,281	$	2,948

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(1)Includes (i) an intercompany service fee between the Partnership and WES Operating and (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.





Consolidated balance sheets
thousands	March 31, 2023		December 31, 2022
Accounts receivable, net	$	308,581	$	313,937
Other current assets	3,720		1,487
Other assets	34,442		28,459
Accounts and imbalance payables (1)	19,490		76,131
Accrued liabilities	5,792		11,439

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

5. RELATED-PARTY TRANSACTIONS


Consolidated statements of cash flows

	Three Months Ended March 31,
thousands	2023		2022
Distributions to WES Operating unitholders (1)	$	(213,513)	$	(140,217)

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(1)Represents distributions paid to the Partnership and Occidental, through its ownership of WGRAH, pursuant to WES Operating’s partnership agreement. See Note 3 and Note 4.