WESWestern Midstream Partners, LP

$17B

Q4 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$858M+10.1% YoY

Gross Profit

$652M76.0% margin

Operating Income

$392M45.7% margin

Net Income

$288M33.6% margin

EPS (Diluted)

$0.74

QoQ Revenue Growth

+10.6%

Cash Flow

Operating Cash Flow

$473M

Free Cash Flow

$275M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$12.5B

Total Liabilities

$9.4B

Stockholders' Equity

$2.9B

Cash & Equivalents

$273M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$858M	$779M	+10.1%
Gross Profit	$652M	$535M	+21.9%
Operating Income	$392M	$429M	-8.6%
Net Income	$288M	$336M	-14.3%

Revenue Segments

Service Fee Based

$764M89%

Service Product Based

$50M6%

Product

$45M5%

Product and Service, Other

$168,0000%

WES Q4 2023 Earnings — Western Midstream Partners, LP Revenue & Financial Results | Market Cap Arena