WES Q1 2024 Earnings — Western Midstream Partners, LP Revenue & Financial Results | Market Cap Arena

WESWestern Midstream Partners, LP

$17B

Q1 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$888M+20.9% YoY

Gross Profit

$684M77.0% margin

Operating Income

$679M76.5% margin

Net Income

$573M64.5% margin

EPS (Diluted)

$1.47

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$381M

Free Cash Flow

$187M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$12.3B

Total Liabilities

$8.9B

Stockholders' Equity

$3.2B

Cash & Equivalents

$295M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$888M	$734M	+20.9%
Gross Profit	$684M	$538M	+27.1%
Operating Income	$679M	$290M	+134.1%
Net Income	$573M	$204M	+181.3%

Revenue Segments

Service Fee Based

$781M88%

Service Product Based

$67M8%

Product

$39M4%

Product and Service, Other

$435,0000%