WES Q4 2025 Earnings — Western Midstream Partners, LP Revenue & Financial Results | Market Cap Arena

WESWestern Midstream Partners, LP

$17B

Q4 2025 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$1.0B+11.1% YoY

Gross Profit

$510M49.4% margin

Operating Income

$290M28.1% margin

Net Income

$187M18.1% margin

EPS (Diluted)

$0.47

QoQ Revenue Growth

+8.3%

Cash Flow

Operating Cash Flow

$563M

Free Cash Flow

$341M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$15.0B

Total Liabilities

$10.8B

Stockholders' Equity

$4.0B

Cash & Equivalents

$819M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$929M	+11.1%
Gross Profit	$510M	$726M	-29.8%
Operating Income	$290M	$426M	-31.9%
Net Income	$187M	$334M	-43.9%

Revenue Segments

Service Fee Based

$910M88%

Product

$70M7%

Service Product Based

$50M5%

Product and Service, Other

$1M0%