Western Midstream Partners, LP
For the period ended Aug 5, 2026. Filed Aug 5, 2026.
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Aug 5, 2026 · Filed Aug 5, 2026
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Contents
EX-99.1 · Adjusted Gross Margin
Adjusted Gross Margin
| Three Months Ended | ||
|---|---|---|
| thousands | June 30,2026 | March 31,2026 |
| Reconciliation of Gross margin to Adjusted Gross Margin | ||
| Total revenues and other | $1,224,719 | $1,123,579 |
| Less: | ||
| Cost of product | 117,440 | 102,884 |
| Depreciation and amortization | 205,945 | 200,426 |
| Gross margin | 901,334 | 820,269 |
| Add: | ||
| Distributions from equity investments | 24,630 | 25,652 |
| Depreciation and amortization | 205,945 | 200,426 |
| Less: | ||
| Reimbursed electricity-related charges recorded as revenues | 33,410 | 33,488 |
| Adjusted Gross Margin attributable to noncontrolling interests (1) | 23,978 | 22,204 |
| Adjusted Gross Margin | $1,074,521 | $990,655 |
| Gross margin | ||
| Gross margin for natural-gas assets (2) | $567,265 | $533,518 |
| Gross margin for crude-oil and NGLs assets (2) | 116,084 | 106,212 |
| Gross margin for produced-water assets (2) | 216,927 | 187,779 |
| Adjusted Gross Margin | ||
| Adjusted Gross Margin for natural-gas assets (3) | $658,322 | $618,809 |
| Adjusted Gross Margin for crude-oil and NGLs assets (3) | 153,071 | 144,193 |
| Adjusted Gross Margin for produced-water assets (3) | 257,257 | 227,190 |
(1)Includes (i) the 25% third-party interest in Chipeta and (ii) the 1.8% and 1.9% limited partner interest in WES Operating owned by an Occidental subsidiary as of June 30, 2026, and March 31, 2026, respectively, which collectively represent WES’s noncontrolling interests.
(2)Excludes corporate-level depreciation and amortization.
(3)Excludes certain corporate-level items.
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