WESWestern Midstream Partners, LP

$17B

Q1 2021 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$675M-12.8% YoY

Gross Profit

$455M67.5% margin

Operating Income

$292M43.3% margin

Net Income

$186M27.5% margin

EPS (Diluted)

$0.44

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$262M

Free Cash Flow

$200M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$11.4B

Total Liabilities

$8.5B

Stockholders' Equity

$2.8B

Cash & Equivalents

$56M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$675M	$774M	-12.8%
Gross Profit	$455M	$539M	-15.5%
Operating Income	$292M	-$215M	+236.0%
Net Income	$186M	-$257M	+172.4%

Revenue Segments

Service Fee Based

$572M85%

Product

$71M10%

Service Product Based

$32M5%

Product and Service, Other

$242,0000%

WES Q1 2021 Earnings — Western Midstream Partners, LP Revenue & Financial Results | Market Cap Arena