WES Q1 2023 Earnings — Western Midstream Partners, LP Revenue & Financial Results | Market Cap Arena

WESWestern Midstream Partners, LP

$17B

Q1 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$734M-3.2% YoY

Gross Profit

$538M73.3% margin

Operating Income

$290M39.5% margin

Net Income

$204M27.7% margin

EPS (Diluted)

$0.52

QoQ Revenue Growth

-5.8%

Cash Flow

Operating Cash Flow

$302M

Free Cash Flow

$129M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$11.1B

Total Liabilities

$8.0B

Stockholders' Equity

$3.0B

Cash & Equivalents

$113M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$734M	$758M	-3.2%
Gross Profit	$538M	$551M	-2.4%
Operating Income	$290M	$405M	-28.3%
Net Income	$204M	$309M	-34.0%

Revenue Segments

Service Fee Based

$648M88%

Service Product Based

$47M6%

Product

$39M5%

Product and Service, Other

$280,0000%