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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues and other        
Revenues and other [1] $ 738,273 $ 876,419 $ 1,472,255 $ 1,634,716
Equity income, net – related parties 42,324 48,464 81,345 98,071
Operating expenses        
Cost of product 44,746 148,556 96,205 221,404
Operation and maintenance 183,431 168,153 357,670 297,129
General and administrative 53,405 47,848 104,522 96,450
Property and other taxes 18,547 22,662 25,378 41,104
Depreciation and amortization 143,492 139,036 288,118 273,618
Long-lived asset and other impairments [2] 234 90 52,635 90
Total operating expenses [3] 443,855 526,345 924,528 929,795
Gain (loss) on divestiture and other, net (70) (1,150) (2,188) (780)
Operating income (loss) 336,672 397,388 626,884 802,212
Interest expense (86,182) (80,772) (167,852) (166,227)
Gain (loss) on early extinguishment of debt 6,813 91 6,813 91
Other income (expense), net 2,872 (45) 4,087 61
Income (loss) before income taxes 260,175 316,662 469,932 636,137
Income tax expense (benefit) 659 1,491 2,075 3,296
Net income (loss) 259,516 315,171 467,857 632,841
Net income (loss) attributable to noncontrolling interests 6,595 8,854 11,291 17,807
Net income (loss) attributable to Western Midstream Partners, LP 252,921 306,317 456,566 615,034
Limited partners' interest in net income (loss):        
Net income (loss) attributable to Western Midstream Partners, LP 252,921 306,317 456,566 615,034
General partner interest in net (income) loss (5,821) (6,767) (10,507) (13,550)
Limited partners' interest in net income (loss) [4] $ 247,100 $ 299,550 $ 446,059 $ 601,484
Net income (loss) per common unit - basic [4] $ 0.64 $ 0.74 $ 1.16 $ 1.49
Net income (loss) per common unit - diluted [4] $ 0.64 $ 0.74 $ 1.16 $ 1.49
Weighted-average common units outstanding - basic [4] 384,614 403,027 384,542 403,140
Weighted-average common units outstanding - diluted [4] 385,510 404,162 385,665 404,280
Service Revenues - Fee Based [Member]        
Revenues and other        
Revenues and other $ 661,506 $ 655,952 $ 1,309,373 $ 1,287,550
Service Revenues - Product Based [Member]        
Revenues and other        
Revenues and other 46,956 70,498 93,766 111,365
Product Sales [Member]        
Revenues and other        
Revenues and other 29,659 149,736 68,684 235,325
Other [Member]        
Revenues and other        
Revenues and other $ 152 $ 233 $ 432 $ 476
[1] Total revenues and other includes related-party amounts of $441.6 million and $890.4 million for the three and six months ended June 30, 2023, respectively, and $456.8 million and $885.5 million for the three and six months ended June 30, 2022, respectively. See Note 5.
[2] See Note 7.
[3] Total operating expenses includes related-party amounts of $(14.1) million and $(17.2) million for the three and six months ended June 30, 2023, respectively, and $(11.2) million and $(28.8) million for the three and six months ended June 30, 2022, respectively, all primarily related to changes in imbalance positions. See Note 5.
[4] See Note 4.