Western Midstream Partners LP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
WES$41.00+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Financial Statements
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
| Management’s Assessment of Internal Control Over Financial Reporting | 83 |
|---|---|
| Western Midstream Partners, LP | 84 |
| Reports of Independent Registered Public Accounting Firm | 84 |
| Financial Statements | 88 |
| Consolidated Statements of Operations for the years ended December 31, 2024, 2023, and 2022 | 88 |
| Consolidated Balance Sheets as of December 31, 2024 and 2023 | 89 |
| Consolidated Statements of Equity and Partners’ Capital for the years ended December 31, 2024, 2023, and 2022 | 90 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023, and 2022 | 91 |
| Western Midstream Operating, LP | 92 |
| Report of Independent Registered Public Accounting Firm | 92 |
| Financial Statements | 94 |
| Consolidated Statements of Operations for the years ended December 31, 2024, 2023, and 2022 | 94 |
| Consolidated Balance Sheets as of December 31, 2024 and 2023 | 95 |
| Consolidated Statements of Equity and Partners’ Capital for the years ended December 31, 2024, 2023, and 2022 | 96 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023, and 2022 | 97 |
| Notes to Consolidated Financial Statements | 98 |
| Note 1. Summary of Significant Accounting Policies and Basis of Presentation | 98 |
| Note 2. Revenue from Contracts with Customers | 107 |
| Note 3. Acquisitions and Divestitures | 109 |
| Note 4. Partnership Distributions | 112 |
| Note 5. Equity and Partners’ Capital | 113 |
| Note 6. Related-Party Transactions | 115 |
| Note 7. Equity Investments | 119 |
| Note 8. Income Taxes | 121 |
| Note 9. Property, Plant, and Equipment | 122 |
| Note 10. Goodwill and Other Intangibles | 123 |
| Note 11. Selected Components of Working Capital | 124 |
| Note 12. Asset Retirement Obligations | 125 |
| Note 13. Debt and Interest Expense | 126 |
| Note 14. Leases | 129 |
| Note 15. Equity-Based Compensation | 131 |
| Note 16. Commitments and Contingencies | 133 |
| Note 17. Reportable Segment | 133 |
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