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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues and other        
Revenues and other [1] $ 776,013 $ 837,568 $ 2,248,268 $ 2,472,284
Equity income, net – related parties 35,494 41,317 116,839 139,388
Operating expenses        
Cost of product 27,590 106,833 123,795 328,237
Operation and maintenance 204,434 190,514 562,104 487,643
General and administrative 55,050 48,185 159,572 144,635
Property and other taxes 14,583 19,390 39,961 60,494
Depreciation and amortization 147,363 156,837 435,481 430,455
Long-lived asset and other impairments [2] 245 4 52,880 94
Total operating expenses [3] 449,265 521,763 1,373,793 1,451,558
Gain (loss) on divestiture and other, net (1,480) (104) (3,668) (884)
Operating income (loss) 360,762 357,018 987,646 1,159,230
Interest expense (82,754) (83,106) (250,606) (249,333)
Gain (loss) on early extinguishment of debt 8,565 0 15,378 91
Other income (expense), net (1,270) 56 2,817 117
Income (loss) before income taxes 285,303 273,968 755,235 910,105
Income tax expense (benefit) 905 387 2,980 3,683
Net income (loss) 284,398 273,581 752,255 906,422
Net income (loss) attributable to noncontrolling interests 7,102 7,836 18,393 25,643
Net income (loss) attributable to Western Midstream Partners, LP 277,296 265,745 733,862 880,779
Limited partners' interest in net income (loss):        
Net income (loss) attributable to Western Midstream Partners, LP 277,296 265,745 733,862 880,779
General partner interest in net (income) loss (6,453) (6,244) (16,960) (19,794)
Limited partners' interest in net income (loss) [4] $ 270,843 $ 259,501 $ 716,902 $ 860,985
Net income (loss) per common unit - basic [4] $ 0.71 $ 0.67 $ 1.87 $ 2.16
Net income (loss) per common unit - diluted [4] $ 0.70 $ 0.66 $ 1.86 $ 2.15
Weighted-average common units outstanding - basic [4] 383,561 388,906 384,211 398,343
Weighted-average common units outstanding - diluted [4] 384,772 390,318 385,344 399,545
Service Revenues - Fee Based [Member]        
Revenues and other        
Revenues and other $ 695,547 $ 666,555 $ 2,004,920 $ 1,954,105
Service Revenues - Product Based [Member]        
Revenues and other        
Revenues and other 48,446 91,356 142,212 202,721
Product Sales [Member]        
Revenues and other        
Revenues and other 31,652 79,430 100,336 314,755
Other [Member]        
Revenues and other        
Revenues and other $ 368 $ 227 $ 800 $ 703
[1] Total revenues and other includes related-party amounts of $463.6 million and $1.4 billion for the three and nine months ended September 30, 2023, respectively, and $476.5 million and $1.4 billion for the three and nine months ended September 30, 2022, respectively. See Note 6.
[2] See Note 8.
[3] Total operating expenses includes related-party amounts of $(35.8) million and $(53.0) million for the three and nine months ended September 30, 2023, respectively, and $(4.5) million and $(33.3) million for the three and nine months ended September 30, 2022, respectively, all primarily related to changes in imbalance positions. See Note 6.
[4] See Note 5.