WES Q2 2023 Earnings — Western Midstream Partners, LP Revenue & Financial Results | Market Cap Arena

WESWestern Midstream Partners, LP

$17B

Q2 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$738M-15.8% YoY

Gross Profit

$550M74.5% margin

Operating Income

$337M45.6% margin

Net Income

$253M34.3% margin

EPS (Diluted)

$0.64

QoQ Revenue Growth

+0.6%

Cash Flow

Operating Cash Flow

$491M

Free Cash Flow

$329M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$11.2B

Total Liabilities

$8.2B

Stockholders' Equity

$2.9B

Cash & Equivalents

$214M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$738M	$876M	-15.8%
Gross Profit	$550M	$589M	-6.6%
Operating Income	$337M	$397M	-15.3%
Net Income	$253M	$306M	-17.4%

Revenue Segments

Service Fee Based

$662M90%

Service Product Based

$47M6%

Product

$30M4%

Product and Service, Other

$152,0000%