WESTERN MIDSTREAM OPERATING, LP

EDGAR

90 filing records in this dataset, filed from 2008-06-13 to 2026-08-05. Reported financial figures are available; chart coverage varies by period.

Watchlist

Latest quarter

Revenue

867 million USD

2018 Q4 · USD

Exact inputs and evidence
  • Revenue: 2299658000 USD Source
  • Revenue: 1432483000 USD Source

Operating margin

46.37%

2018 Q4 · %

Exact inputs and evidence
  • Operating Income: 865311000 USD Source
  • Operating Income: 463183000 USD Source
  • Revenue: 2299658000 USD Source
  • Revenue: 1432483000 USD Source

Operating cash flow

600 million USD

2018 Q4 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1352114000 USD Source
  • Operating Cash Flow: 751722000 USD Source
Cash and cash equivalents
90.4 million USD Source
Exact value

90448000 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

2.25 billion USD

2018-01-01 – 2018-12-31

Exact inputs and evidence
  • Revenue: 437168000 USD · 2018-01-01 – 2018-03-31 Source
  • Revenue: 435949000 USD · 2018-04-01 – 2018-06-30 Source
  • Revenue: 507762000 USD · 2018-07-01 – 2018-09-30 Source
  • Revenue: 2299658000 USD · 2018-01-01 – 2018-12-31 Source
  • Revenue: 1432483000 USD · 2018-01-01 – 2018-09-30 Source

Net income

628 million USD

2018-01-01 – 2018-12-31

Exact inputs and evidence
  • Net income: 149363000 USD · 2018-01-01 – 2018-03-31 Source
  • Net income: 32708000 USD · 2018-04-01 – 2018-06-30 Source
  • Net income: 154646000 USD · 2018-07-01 – 2018-09-30 Source
  • Net income: 627917000 USD · 2018-01-01 – 2018-12-31 Source
  • Net income: 336717000 USD · 2018-01-01 – 2018-09-30 Source

Operating cash flow

1.35 billion USD

2018-01-01 – 2018-12-31

Exact inputs and evidence
  • Operating cash flow: 241596000 USD · 2018-01-01 – 2018-03-31 Source
  • Operating cash flow: 514911000 USD · 2018-01-01 – 2018-06-30 Source
  • Operating cash flow: 241596000 USD · 2018-01-01 – 2018-03-31 Source
  • Operating cash flow: 751722000 USD · 2018-01-01 – 2018-09-30 Source
  • Operating cash flow: 514911000 USD · 2018-01-01 – 2018-06-30 Source
  • Operating cash flow: 1352114000 USD · 2018-01-01 – 2018-12-31 Source
  • Operating cash flow: 751722000 USD · 2018-01-01 – 2018-09-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-05.

Financial data available through: 2018-12-31.

Financial coverage is incomplete. Newer filings are recorded, but comparable financial figures for those periods are not available here yet.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2018-12-31
  • Operating income: 11 of 11 periods available· newest 2018-12-31
  • Net income: 11 of 11 periods available· newest 2018-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2018-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2010-12-31
  • Total assets: 11 of 11 periods available· newest 2018-12-31
  • Total liabilities: 11 of 11 periods available· newest 2018-12-31
  • Current assets: 11 of 11 periods available· newest 2018-12-31
  • Current liabilities: 11 of 11 periods available· newest 2018-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2018-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -5.3%

    Prior period

    USD 2.43 billion

    –

    Current period

    USD 2.3 billion

    –

    Exact inputs and evidence

    2299658000 − 2429614000 = -129956000 USD

    2429614000 USD · 2017-01-01 – 2017-12-31

    Inspect prior input Prior source

    2299658000 USD · 2018-01-01 – 2018-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Net income

    -14.2%

    Prior period

    USD 731.67 million

    –

    Current period

    USD 627.92 million

    –

    Exact inputs and evidence

    627917000 − 731666000 = -103749000 USD

    731666000 USD · 2017-01-01 – 2017-12-31

    Inspect prior input Prior source

    627917000 USD · 2018-01-01 – 2018-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    +29.2%

    Prior period

    USD 1.05 billion

    –

    Current period

    USD 1.35 billion

    –

    Exact inputs and evidence

    1352114000 − 1046798000 = 305316000 USD

    1046798000 USD · 2017-01-01 – 2017-12-31

    Inspect prior input Prior source

    1352114000 USD · 2018-01-01 – 2018-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2018 2018-01-01 – 2018-12-31

  • Revenue USD 2.3 billion 100% of revenue
  • Operating costs Derived USD 1.43 billion 62% of revenue
  • Operating income USD 865.31 million 38% of revenue
  • Tax, interest and other Derived USD 237.39 million 10% of revenue
  • Net income USD 627.92 million 27% of revenue

Cash

  • Operating cash flow USD 1.35 billion 59% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2009 22%74%
  • 2010 22%73%
  • 2011 22%72%
  • 2012 15%78%
  • 2013 26%70%
  • 2014 29%64%
  • 2015 91%
  • 2016 34%59%
  • 2017 30%67%
  • 2018 27%10%62%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2009 2009-01-01 – 2009-12-31490546000 362544000 Derived 128002000 20753000 Derived 107249000 89182000 Derived
Source
2010 2010-01-01 – 2010-12-31663274000 485286000 Derived 177988000 31796000 Derived 146192000 186915000 Derived
Source
2011 2011-01-01 – 2011-12-31869405000 624111000 Derived 245294000 52536000 Derived 192758000 Unavailable
Source
2012 2012-01-01 – 2012-12-31894476000 699651000 Derived 194825000 60448000 Derived 134377000 Unavailable
Source
2013 2013-01-01 – 2013-12-311085482000 758223000 Derived 327259000 48536000 Derived 278723000 Unavailable
Source
2014 2014-01-01 – 2014-12-311533377000 978646000 Derived 554731000 112088000 Derived 442643000 Unavailable
Source
2015 2015-01-01 – 2015-12-311752072000 1594742000 Derived 157330000 153224000 Derived 4106000 Unavailable
Source
2016 2016-01-01 – 2016-12-311941330000 1154575000 Derived 786755000 134118000 Derived 652637000 Unavailable
Source
2017 2017-01-01 – 2017-12-312429614000 1625044000 Derived 804570000 72904000 Derived 731666000 Unavailable
Source
2018 2018-01-01 – 2018-12-312299658000 1434347000 Derived 865311000 237394000 Derived 627917000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.3B 2018
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.6B2.0B1.3B656.0M0.0200920142018
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2009Revenue490546000
2010Revenue663274000
2011Revenue869405000
2012Revenue894476000
2013Revenue1085482000
2014Revenue1533377000
2015Revenue1752072000
2016Revenue1941330000
2017Revenue2429614000
2018Revenue2299658000

Revenue growth

Change in revenue from the same financial period one year earlier.

-5.3% 2018
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.47%26%6%-15%-35%200920142018
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2009Year over year-29.8%
2010Year over year35.2%
2011Year over year31.1%
2012Year over year2.9%
2013Year over year21.4%
2014Year over year41.3%
2015Year over year14.3%
2016Year over year10.8%
2017Year over year25.2%
2018Year over year-5.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 37.6% 2018
Net margin 27.3% 2018
Free cash flow margin 28.2% 2010
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.44%33%22%11%0%200920142018
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2009Operating margin26.1%
2010Operating margin26.8%
2011Operating margin28.2%
2012Operating margin21.8%
2013Operating margin30.1%
2014Operating margin36.2%
2015Operating margin9%
2016Operating margin40.5%
2017Operating margin33.1%
2018Operating margin37.6%
2009Net margin21.9%
2010Net margin22%
2011Net margin22.2%
2012Net margin15%
2013Net margin25.7%
2014Net margin28.9%
2015Net margin0.2%
2016Net margin33.6%
2017Net margin30.1%
2018Net margin27.3%
2009Free cash flow margin18.2%
2010Free cash flow margin28.2%
2011Free cash flow marginNot reported
2012Free cash flow marginNot reported
2013Free cash flow marginNot reported
2014Free cash flow marginNot reported
2015Free cash flow marginNot reported
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.4B 2018
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.5B1.1B730.1M365.1M0.0200920142018
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2009Operating cash flow163770000
2010Operating cash flow263749000
2011Operating cash flow312838000
2012Operating cash flow338047000
2013Operating cash flow492605000
2014Operating cash flow694495000
2015Operating cash flow785645000
2016Operating cash flow1060658000
2017Operating cash flow1046798000
2018Operating cash flow1352114000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 186.9M 2010
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.201.9M151.4M100.9M50.5M0.0200920142018
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2009Free cash flow89182000
2010Free cash flow186915000
2011Free cash flowUnavailable
2012Free cash flowUnavailable
2013Free cash flowUnavailable
2014Free cash flowUnavailable
2015Free cash flowUnavailable
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

57.1% 2018
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.62%46%31%15%0%200920142018
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2009Liabilities / assets27%
2010Liabilities / assets31.3%
2011Liabilities / assets32.4%
2012Liabilities / assets39.2%
2013Liabilities / assets37.4%
2014Liabilities / assets40.6%
2015Liabilities / assets46.3%
2016Liabilities / assets46.5%
2017Liabilities / assets46.7%
2018Liabilities / assets57.1%

Current assets to current liabilities

Current assets divided by current liabilities.

0.56× 2018
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.62×2.71×1.81×0.90×0.00×200920142018
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2009Current assets / current liabilities2.45×
2010Current assets / current liabilities0.94×
2011Current assets / current liabilities3.35×
2012Current assets / current liabilities2.58×
2013Current assets / current liabilities1.02×
2014Current assets / current liabilities0.78×
2015Current assets / current liabilities1.27×
2016Current assets / current liabilities1.88×
2017Current assets / current liabilities0.47×
2018Current assets / current liabilities0.56×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2009 2009-01-01 – 2009-12-31
USD 107.25 million
Exact value

Exact value: 107249000 USD

2009-01-01 – 2009-12-31: 107249000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 163.77 million
Exact value

Exact value: 163770000 USD

2009-01-01 – 2009-12-31: 163770000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 74.59 million
Exact value

Exact value: 74588000 USD

2009-01-01 – 2009-12-31: 74588000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 89.18 million
Calculation and evidence

163770000 − 74588000 USD

Exact free cash flow: 89182000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2010 2010-01-01 – 2010-12-31
USD 146.19 million
Exact value

Exact value: 146192000 USD

2010-01-01 – 2010-12-31: 146192000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 263.75 million
Exact value

Exact value: 263749000 USD

2010-01-01 – 2010-12-31: 263749000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 76.83 million
Exact value

Exact value: 76834000 USD

2010-01-01 – 2010-12-31: 76834000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 186.92 million
Calculation and evidence

263749000 − 76834000 USD

Exact free cash flow: 186915000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2011 2011-01-01 – 2011-12-31
USD 192.76 million
Exact value

Exact value: 192758000 USD

2011-01-01 – 2011-12-31: 192758000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 312.84 million
Exact value

Exact value: 312838000 USD

2011-01-01 – 2011-12-31: 312838000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2012 2012-01-01 – 2012-12-31
USD 134.38 million
Exact value

Exact value: 134377000 USD

2012-01-01 – 2012-12-31: 134377000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 338.05 million
Exact value

Exact value: 338047000 USD

2012-01-01 – 2012-12-31: 338047000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2013 2013-01-01 – 2013-12-31
USD 278.72 million
Exact value

Exact value: 278723000 USD

2013-01-01 – 2013-12-31: 278723000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 492.61 million
Exact value

Exact value: 492605000 USD

2013-01-01 – 2013-12-31: 492605000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2014 2014-01-01 – 2014-12-31
USD 442.64 million
Exact value

Exact value: 442643000 USD

2014-01-01 – 2014-12-31: 442643000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 694.5 million
Exact value

Exact value: 694495000 USD

2014-01-01 – 2014-12-31: 694495000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2015 2015-01-01 – 2015-12-31
USD 4.11 million
Exact value

Exact value: 4106000 USD

2015-01-01 – 2015-12-31: 4106000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 785.65 million
Exact value

Exact value: 785645000 USD

2015-01-01 – 2015-12-31: 785645000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2016 2016-01-01 – 2016-12-31
USD 652.64 million
Exact value

Exact value: 652637000 USD

2016-01-01 – 2016-12-31: 652637000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.06 billion
Exact value

Exact value: 1060658000 USD

2016-01-01 – 2016-12-31: 1060658000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 731.67 million
Exact value

Exact value: 731666000 USD

2017-01-01 – 2017-12-31: 731666000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.05 billion
Exact value

Exact value: 1046798000 USD

2017-01-01 – 2017-12-31: 1046798000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 627.92 million
Exact value

Exact value: 627917000 USD

2018-01-01 – 2018-12-31: 627917000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.35 billion
Exact value

Exact value: 1352114000 USD

2018-01-01 – 2018-12-31: 1352114000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

90 filings · 2,013 latest values · 2,013 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001414475, 1414475, WES, edgar:1414475

Also known as WESTERN GAS PARTNERS LP, WESTERN MIDSTREAM OPERATING, LP, WESTERN MIDSTREAM PARTNERS, LP, Western Gas Partners LP, Western Midstream Operating, LP, Western Midstream Partners, LP