Western Midstream Partners, LP
For the period ended Nov 4, 2026. Filed Nov 4, 2026.
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Nov 4, 2026 · Filed Nov 4, 2026
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Contents
EX-99.1 · Adjusted Gross Margin
Adjusted Gross Margin
| Three Months Ended | ||
|---|---|---|
| thousands | September 30,2026 | June 30,2026 |
| Reconciliation of Gross margin to Adjusted Gross Margin | ||
| Total revenues and other | $1,194,217 | $1,224,719 |
| Less: | ||
| Cost of product | 121,687 | 117,440 |
| Depreciation and amortization | 223,776 | 205,945 |
| Gross margin | 848,754 | 901,334 |
| Add: | ||
| Distributions from equity investments | 24,514 | 24,630 |
| Depreciation and amortization | 223,776 | 205,945 |
| Less: | ||
| Reimbursed electricity-related charges recorded as revenues | 34,108 | 33,410 |
| Adjusted Gross Margin attributable to noncontrolling interests (1) | 23,272 | 23,978 |
| Adjusted Gross Margin | $1,039,664 | $1,074,521 |
| Gross margin | ||
| Gross margin for natural-gas assets (2) | $556,113 | $567,265 |
| Gross margin for crude-oil and NGLs assets (2) | 103,161 | 116,084 |
| Gross margin for produced-water assets (2) | 203,780 | 216,927 |
| Adjusted Gross Margin | ||
| Adjusted Gross Margin for natural-gas assets (2) | $662,699 | $658,322 |
| Adjusted Gross Margin for crude-oil and NGLs assets (2) | 141,855 | 153,071 |
| Adjusted Gross Margin for produced-water assets (2) | 244,813 | 257,257 |
(1)Includes (i) the 25% third-party interest in Chipeta and (ii) the 1.8% and 1.8% limited partner interest in WES Operating owned by an Occidental subsidiary as of September 30, 2026, and June 30, 2026, respectively, which collectively represent WES’s noncontrolling interests.
(2)Excludes corporate-level depreciation and amortization and other corporate-level items.
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