Western Midstream Partners LP (N:WES)
Business Focus: Oil & Gas Refining and Marketing
| Sector: Energy | Industry: Oil & Gas Refining and Marketing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 9950 WOODLOCH FOREST DRIVE, SUITE 2800 THE WOODLANDS TX 77380-7046 |
| Tel: | N/A |
| Website: | https://www.westernmidstream.com |
| IR: | See website |
| Key People | ||
| Peter J. Bennett Chairman of the Board | Michael P. Ure President, Chief Executive Officer, Director | Kristen S. Shults Senior Vice President, Chief Financial Officer |
| Catherine A. Green Senior Vice President and Chief Accounting Officer | Christopher B. Dial Senior Vice President, General Counsel, Corporate Secretary | Robert W. Bourne Senior Vice President, Chief Commercial Officer |
| Michael S. Forsyth Senior Vice President - North Operations | Daniel P. Holderman Senior Vice President - South Operations | |
| Business Overview |
| Western Midstream Partners, LP acquires, owns, develops and operates midstream assets. The Company is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. The Company's midstream assets are located in Texas, New Mexico, Colorado, Utah and Wyoming. In addition, in its capacity as a processor of natural gas, the Company also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain contracts. The Company's subsidiaries include Western Midstream Operating GP, LLC, Western Midstream Services, LLC, Western Midstream Services Holdings, LLC and Western Midstream Operating, LP. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Western Midstream Partners LP revenues decreased 4% to $3.11B. Net income applicable to common stockholders decreased 16% to $998.5M. Revenues reflect Product sales decrease of 64% to $145M, Service revenues - product based decrease of 23% to $191.7M. Net income also reflects Gain (loss) on divestiture and other increase from $103.7M (income) to $10.1M (expense). |
| Employees: | 1,377 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $21,219M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,106M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,890M as of Dec 31, 2023 |
| Net annual income (TTM): | $998.53M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$52.26M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $7,629M as of Dec 31, 2023 |
| Shares outstanding: | 380,483,668 as of Feb 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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