Western Midstream Operating, LP
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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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.
Sep 30, 2025 · Filed Nov 4, 2025
WES$41.14+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity and Partners’ Capital for the
| Partners’ Capital | ||||
|---|---|---|---|---|
| thousands | CommonUnits | General PartnerUnits | NoncontrollingInterests | Total |
| Balance at December 31, 2024 | $3,224,802 | $10,803 | $139,565 | $3,375,170 |
| Net income (loss) | 301,837 | 7,170 | 7,545 | 316,552 |
| Distributions to noncontrolling interest owner of WES Operating | — | — | (6,949) | (6,949) |
| Distributions to Partnership unitholders | (333,068) | (7,928) | — | (340,996) |
| Equity-based compensation expense | 8,248 | — | — | 8,248 |
| Other | (18,454) | — | — | (18,454) |
| Balance at March 31, 2025 | $3,183,365 | $10,045 | $140,161 | $3,333,571 |
| Net income (loss) | 333,750 | 7,930 | 9,082 | 350,762 |
| Distributions to noncontrolling interest owner of WES Operating | — | — | (7,268) | (7,268) |
| Distributions to Partnership unitholders | (347,008) | (8,245) | — | (355,253) |
| Equity-based compensation expense | 10,713 | — | — | 10,713 |
| Other | (1,588) | — | 2,500 | 912 |
| Balance at June 30, 2025 | $3,179,232 | $9,730 | $144,475 | $3,333,437 |
| Net income (loss) | 331,730 | 7,885 | 9,257 | 348,872 |
| Distributions to noncontrolling interest owner of WES Operating | — | — | (7,268) | (7,268) |
| Distributions to Partnership unitholders | (347,009) | (8,245) | — | (355,254) |
| Equity-based compensation expense | 10,456 | — | — | 10,456 |
| Other | (1,607) | — | — | (1,607) |
| Balance at September 30, 2025 | $3,172,802 | $9,370 | $146,464 | $3,328,636 |
| 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 |
| Net income (loss) | 281,772 | 6,708 | 7,412 | 295,892 |
| Distributions to Chipeta noncontrolling interest owner | — | — | (550) | (550) |
| Distributions to noncontrolling interest owner of WES Operating | — | — | (6,956) | (6,956) |
| Distributions to Partnership unitholders | (332,931) | (7,928) | — | (340,859) |
| Equity-based compensation expense | 8,759 | — | — | 8,759 |
| Other | (2,778) | — | — | (2,778) |
| Balance at September 30, 2024 | $3,225,855 | $10,972 | $140,690 | $3,377,517 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.