Western Midstream Partners LP
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
WES$41.14+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity and Partners’ Capital for the
CONSOLIDATED STATEMENTS OF EQUITY AND PARTNERS’ CAPITAL
| Partners’ Capital | ||||
|---|---|---|---|---|
| thousands | CommonUnits | General PartnerUnits | NoncontrollingInterests | Total |
| Balance at December 31, 2023 | $2,894,231 | $3,193 | $131,706 | $3,029,130 |
| Net income (loss) | 559,500 | 13,330 | 13,386 | 586,216 |
| Distributions to Chipeta noncontrolling interest owner | — | — | (1,085) | (1,085) |
| Distributions to noncontrolling interest owner of WES Operating | — | — | (4,591) | (4,591) |
| Distributions to Partnership unitholders | (218,228) | (5,210) | — | (223,438) |
| Equity-based compensation expense | 9,423 | — | — | 9,423 |
| Other | (19,364) | — | — | (19,364) |
| Balance at March 31, 2024 | $3,225,562 | $11,313 | $139,416 | $3,376,291 |
| Net income (loss) | 369,841 | 8,807 | 8,916 | 387,564 |
| Distributions to Chipeta noncontrolling interest owner | — | — | (593) | (593) |
| Distributions to noncontrolling interest owner of WES Operating | — | — | (6,955) | (6,955) |
| Distributions to Partnership unitholders | (332,930) | (7,928) | — | (340,858) |
| Equity-based compensation expense | 10,391 | — | — | 10,391 |
| Other | (1,831) | — | — | (1,831) |
| Balance at June 30, 2024 | $3,271,033 | $12,192 | $140,784 | $3,424,009 |
| Partners’ Capital | ||||
|---|---|---|---|---|
| thousands | CommonUnits | General PartnerUnits | NoncontrollingInterests | Total |
| Balance at December 31, 2022 | $2,969,604 | $2,105 | $136,406 | $3,108,115 |
| Net income (loss) | 198,959 | 4,686 | 4,696 | 208,341 |
| Distributions to Chipeta noncontrolling interest owner | — | — | (2,240) | (2,240) |
| Distributions to noncontrolling interest owner of WES Operating | — | — | (4,271) | (4,271) |
| Distributions to Partnership unitholders | (192,039) | (4,530) | — | (196,569) |
| Unit repurchases (1) | (7,061) | — | — | (7,061) |
| Equity-based compensation expense | 7,199 | — | — | 7,199 |
| Other | (11,950) | — | — | (11,950) |
| Balance at March 31, 2023 | $2,964,712 | $2,261 | $134,591 | $3,101,564 |
| Net income (loss) | 247,100 | 5,821 | 6,595 | 259,516 |
| Distributions to Chipeta noncontrolling interest owner | — | — | (1,230) | (1,230) |
| Distributions to noncontrolling interest owner of WES Operating | — | — | (6,860) | (6,860) |
| Distributions to Partnership unitholders | (329,227) | (7,760) | — | (336,987) |
| Unit repurchases (1) | (41) | — | — | (41) |
| Equity-based compensation expense | 7,665 | — | — | 7,665 |
| Other | (1,464) | — | — | (1,464) |
| Balance at June 30, 2023 | $2,888,745 | $322 | $133,096 | $3,022,163 |
(1)See Note 5.
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