Western Midstream Operating, LP
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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, 2026 · Filed Nov 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| thousands except number of units | September 30,2026 | December 31,2025 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $44,500 | $819,491 |
| Accounts receivable, net | 1,073,594 | 773,197 |
| Other current assets | 65,216 | 64,253 |
| Total current assets | 1,183,310 | 1,656,941 |
| Property, plant, and equipment | ||
| Cost | 19,531,529 | 17,648,375 |
| Less accumulated depreciation | 6,936,828 | 6,427,467 |
| Net property, plant, and equipment | 12,594,701 | 11,220,908 |
| Goodwill | 394,199 | 353,257 |
| Other intangible assets | 1,408,552 | 913,758 |
| Equity investments | 512,888 | 504,859 |
| Other assets | 340,309 | 348,697 |
| Total assets (1) | $16,433,959 | $14,998,420 |
| LIABILITIES, EQUITY, AND PARTNERS’ CAPITAL | ||
| Current liabilities | ||
| Accounts and imbalance payables | $555,764 | $319,170 |
| Short-term debt | 270,928 | 448,825 |
| Accrued ad valorem taxes | 62,100 | 60,114 |
| Accrued liabilities | 564,181 | 408,375 |
| Total current liabilities | 1,452,973 | 1,236,484 |
| Long-term liabilities | ||
| Long-term debt | 8,883,595 | 8,195,170 |
| Deferred income taxes | 121,313 | 111,277 |
| Asset retirement obligations | 491,139 | 427,858 |
| Other liabilities | 1,136,543 | 864,509 |
| Total long-term liabilities | 10,632,590 | 9,598,814 |
| Total liabilities (2) | 12,085,563 | 10,835,298 |
| Equity and partners’ capital | ||
| Common units (413,183,736 and 408,141,366 units issued and outstanding at September 30, 2026, and December 31, 2025, respectively) | 4,205,189 | 4,016,606 |
| General partner units (9,060,641 units issued and outstanding at September 30, 2026, and December 31, 2025) | 3,202 | 4,624 |
| Total partners’ capital | 4,208,391 | 4,021,230 |
| Noncontrolling interests | 140,005 | 141,892 |
| Total equity and partners’ capital | 4,348,396 | 4,163,122 |
| Total liabilities, equity, and partners’ capital | $16,433,959 | $14,998,420 |
(1)Total assets includes related-party amounts of $935.2 million and $946.4 million as of September 30, 2026, and December 31, 2025, respectively, which includes related-party accounts receivable, net of $384.1 million and $407.9 million as of September 30, 2026, and December 31, 2025, respectively. See Note 6.
(2)Total liabilities includes related-party amounts of $1.2 billion and $666.9 million as of September 30, 2026, and December 31, 2025, respectively, which includes related-party accounts and imbalance payables of $40.7 million and $20.6 million as of September 30, 2026, and December 31, 2025, respectively. See Note 6.
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