WESWestern Midstream Partners, LP

$17B

Q2 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$906M+22.7% YoY

Gross Profit

$688M76.0% margin

Operating Income

$470M51.9% margin

Net Income

$379M41.8% margin

EPS (Diluted)

$0.97

QoQ Revenue Growth

+2.0%

Cash Flow

Operating Cash Flow

$637M

Free Cash Flow

$425M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$12.2B

Total Liabilities

$8.8B

Stockholders' Equity

$3.3B

Cash & Equivalents

$344M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$906M	$738M	+22.7%
Gross Profit	$688M	$550M	+25.1%
Operating Income	$470M	$337M	+39.5%
Net Income	$379M	$253M	+49.7%

Revenue Segments

Service Fee Based

$794M88%

Service Product Based

$61M7%

Product

$50M6%

Product and Service, Other

$267,0000%

WES Q2 2024 Earnings — Western Midstream Partners, LP Revenue & Financial Results | Market Cap Arena