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Consolidated Balance Sheets - WES Operating - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 295,246 $ 272,787
Accounts receivable, net 720,351 666,637
Other current assets 50,750 52,986
Total current assets 1,066,347 992,410
Property, plant, and equipment    
Cost 15,157,635 14,945,431
Less accumulated depreciation 5,432,343 5,290,415
Net property, plant, and equipment 9,725,292 9,655,016
Goodwill 4,783 4,783
Other intangible assets 673,491 681,408
Equity investments 546,078 904,535
Other assets [1] 249,479 233,455
Total assets [2] 12,265,470 12,471,607
Current liabilities    
Accounts and imbalance payables 377,499 362,451
Short-term debt 108,394 617,748
Accrued ad valorem taxes 48,525 61,285
Accrued liabilities 173,721 262,572
Total current liabilities 708,139 1,304,056
Long-term liabilities    
Long-term debt 7,272,079 7,283,556
Deferred income taxes 15,698 15,468
Asset retirement obligations 366,755 359,185
Other liabilities 526,508 480,212
Total long-term liabilities 8,181,040 8,138,421
Total liabilities [3] 8,889,179 9,442,477
Equity and partners' capital    
Common units (318,675,578 units issued and outstanding at March 31, 2024, and December 31, 2023) 3,225,562 2,894,231
Total partners' capital 3,236,875 2,897,424
Noncontrolling interest 139,416 131,706
Total equity and partners' capital 3,376,291 3,029,130
Total liabilities, equity, and partners' capital $ 12,265,470 $ 12,471,607
Common units issued 380,490,138 379,519,983
Common units outstanding 380,490,138 379,519,983
WES Operating [Member]    
Current assets    
Cash and cash equivalents $ 289,464 $ 268,184
Accounts receivable, net 738,487 666,615
Other current assets 48,888 50,468
Total current assets 1,076,839 985,267
Property, plant, and equipment    
Cost 15,157,635 14,945,431
Less accumulated depreciation 5,432,343 5,290,415
Net property, plant, and equipment 9,725,292 9,655,016
Goodwill 4,783 4,783
Other intangible assets 673,491 681,408
Equity investments 546,078 904,535
Other assets [4] 246,053 231,644
Total assets [5] 12,272,536 12,462,653
Current liabilities    
Accounts and imbalance payables 377,358 392,752
Short-term debt 108,394 617,748
Accrued ad valorem taxes 48,525 61,285
Accrued liabilities 143,026 203,461
Total current liabilities 677,303 1,275,246
Long-term liabilities    
Long-term debt 7,272,079 7,283,556
Deferred income taxes 15,698 15,468
Asset retirement obligations 366,755 359,185
Other liabilities 523,083 476,844
Total long-term liabilities 8,177,615 8,135,053
Total liabilities [6] 8,854,918 9,410,299
Equity and partners' capital    
Common units (318,675,578 units issued and outstanding at March 31, 2024, and December 31, 2023) 3,391,694 3,027,031
Total partners' capital 3,391,694 3,027,031
Noncontrolling interest 25,924 25,323
Total equity and partners' capital 3,417,618 3,052,354
Total liabilities, equity, and partners' capital $ 12,272,536 $ 12,462,653
Common units issued 318,675,578 318,675,578
Common units outstanding 318,675,578 318,675,578
[1] Other assets includes $5.5 million and $5.7 million of NGLs line-fill inventory as of March 31, 2024, and December 31, 2023, respectively. Other assets also includes $107.1 million and $96.3 million of materials and supplies inventory as of March 31, 2024, and December 31, 2023, respectively.
[2] Total assets includes related-party amounts of $982.6 million and $1.3 billion as of March 31, 2024, and December 31, 2023, respectively, which includes related-party Accounts receivable, net of $389.7 million and $358.1 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.
[3] Total liabilities includes related-party amounts of $406.4 million and $378.8 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.
[4] Other assets includes $5.5 million and $5.7 million of NGLs line-fill inventory as of March 31, 2024, and December 31, 2023, respectively. Other assets also includes $107.1 million and $96.3 million of materials and supplies inventory as of March 31, 2024, and December 31, 2023, respectively.
[5] Total assets includes related-party amounts of $997.3 million and $1.3 billion as of March 31, 2024, and December 31, 2023, respectively, which includes related-party Accounts receivable, net of $407.9 million and $358.1 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.
[6] Total liabilities includes related-party amounts of $406.0 million and $409.5 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.