WES Q1 2022 Earnings — Western Midstream Partners, LP Revenue & Financial Results | Market Cap Arena

WESWestern Midstream Partners, LP

$17B

Q1 2022 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$758M+12.3% YoY

Gross Profit

$551M72.6% margin

Operating Income

$405M53.4% margin

Net Income

$309M40.7% margin

EPS (Diluted)

$0.75

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$276M

Free Cash Flow

$192M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$11.4B

Total Liabilities

$8.2B

Stockholders' Equity

$3.1B

Cash & Equivalents

$248M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$758M	$675M	+12.3%
Gross Profit	$551M	$455M	+20.9%
Operating Income	$405M	$292M	+38.5%
Net Income	$309M	$186M	+66.2%

Revenue Segments

Service Fee Based

$632M83%

Product

$86M11%

Service Product Based

$41M5%

Product and Service, Other

$243,0000%