WES Q3 2023 Earnings — Western Midstream Partners, LP Revenue & Financial Results | Market Cap Arena

WESWestern Midstream Partners, LP

$17B

Q3 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$776M-7.3% YoY

Gross Profit

$601M77.5% margin

Operating Income

$361M46.5% margin

Net Income

$277M35.7% margin

EPS (Diluted)

$0.70

QoQ Revenue Growth

+5.1%

Cash Flow

Operating Cash Flow

$395M

Free Cash Flow

$193M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$11.6B

Total Liabilities

$8.7B

Stockholders' Equity

$2.8B

Cash & Equivalents

$489M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$776M	$838M	-7.3%
Gross Profit	$601M	$574M	+4.7%
Operating Income	$361M	$357M	+1.0%
Net Income	$277M	$266M	+4.3%

Revenue Segments

Service Fee Based

$696M90%

Service Product Based

$48M6%

Product

$32M4%

Product and Service, Other

$368,0000%