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Related-Party Transactions (Tables)

9 Months Ended

Sep. 30, 2023

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


Consolidated statements of operations

	Three Months Ended September 30,				Nine Months Ended September 30,
thousands	2023		2022		2023		2022
Revenues and other
Service revenues – fee based	$	454,039	$	431,944	$	1,300,870	$	1,275,474
Service revenues – product based	(234)		24,246		14,524		48,297
Product sales	9,818		20,323		38,597		38,232
Total revenues and other	463,623		476,513		1,353,991		1,362,003
Equity income, net – related parties (1)	35,494		41,317		116,839		139,388
Operating expenses
Cost of product (2)	(37,083)		(7,771)		(56,214)		(39,462)
Operation and maintenance	843		3,231		2,493		3,874
General and administrative (3)	414		81		698		2,289
Total operating expenses	(35,826)		(4,459)		(53,023)		(33,299)

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(1)See Note 7.

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

(3)Balances for the three and nine months ended September 30, 2022, include 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	September 30, 2023		December 31, 2022
Assets
Accounts receivable, net	$	340,927	$	313,937
Other current assets	461		1,578
Equity investments (1)	915,076		944,696
Other assets	37,880		29,058
Total assets	1,294,344		1,289,269
Liabilities
Accounts and imbalance payables	34,307		32,150
Accrued liabilities	2,974		11,756
Other liabilities (2)	323,562		268,399
Total liabilities	360,843		312,305

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(1)See Note 7.

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

6. RELATED-PARTY TRANSACTIONS


Consolidated statements of cash flows

	Nine Months Ended September 30,
thousands	2023		2022
Distributions from equity-investment earnings – related parties	$	115,897	$	139,710


Contributions to equity investments – related parties	(1,153)		(8,899)
Distributions from equity investments in excess of cumulative earnings – related parties	31,715		41,058
Distributions to Partnership unitholders (1)	(382,438)		(272,797)
Distributions to WES Operating unitholders (2)	(18,260)		(20,177)
Net contributions from (distributions to) related parties	—		1,161


Unit repurchases from Occidental (3)	(127,500)		(252,500)

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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 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).

(3)Represents common units repurchased from Occidental (see 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 September 30,				Nine Months Ended September 30,
thousands	2023		2022		2023		2022
General and administrative (1)	$	1,137	$	795	$	3,271	$	4,662

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(1)Includes an intercompany service fee between the Partnership and WES Operating. Balances for the three and nine months ended September 30, 2022, include 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	September 30, 2023		December 31, 2022

Other current assets	$	408	$	1,487
Other assets	36,193		28,459
Accounts and imbalance payables (1)	50,204		76,131
Accrued liabilities	2,657		11,439

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

6. RELATED-PARTY TRANSACTIONS


Consolidated statements of cash flows

	Nine Months Ended September 30,
thousands		2023		2022
Distributions to WES Operating unitholders (1)		$	(912,770)	$	(1,008,572)

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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. Includes distributions made from WES Operating to the Partnership that were used by the Partnership to repurchase common units. See Note 4 and Note 5.