Western Midstream Partners, LP (WES) Revenue & Revenue Breakdown
Western Midstream Partners, LP Revenue Highlights
Latest Revenue (Y)
$3.11B
Latest Revenue (Q)
$887.73M
Main Segment (Y)
Service Fee Based
Western Midstream Partners, LP Revenue by Period
Western Midstream Partners, LP Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $3.11B | -4.47% |
| 2022-12-31 | $3.25B | 13.02% |
| 2021-12-31 | $2.88B | 3.77% |
| 2020-12-31 | $2.77B | 0.96% |
| 2019-12-31 | $2.75B | 37.98% |
| 2018-12-31 | $1.99B | -11.48% |
| 2017-12-31 | $2.25B | 24.61% |
| 2016-12-31 | $1.80B | 15.56% |
| 2015-12-31 | $1.56B | 22.58% |
| 2014-12-31 | $1.27B | 20.91% |
| 2013-12-31 | $1.05B | 24.02% |
| 2012-12-31 | $849.44M | 4.91% |
| 2011-12-31 | $809.67M | 63.61% |
| 2010-12-31 | $494.87M | 109.21% |
| 2009-12-31 | $236.54M | -65.69% |
| 2008-12-31 | $689.48M | 170.01% |
| 2007-12-31 | $255.35M | - |
Western Midstream Partners, LP generated $3.11B in revenue during NA 2023, up -4.47% compared to the previous quarter, and up 156.08% compared to the same period a year ago.
Western Midstream Partners, LP Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $887.73M | 3.44% |
| 2023-12-31 | $858.21M | 10.59% |
| 2023-09-30 | $776.01M | 5.11% |
| 2023-06-30 | $738.27M | 0.58% |
| 2023-03-31 | $733.98M | -5.83% |
| 2022-12-31 | $779.44M | -6.94% |
| 2022-09-30 | $837.57M | -4.43% |
| 2022-06-30 | $876.42M | 15.58% |
| 2022-03-31 | $758.30M | 5.43% |
| 2021-12-31 | $719.21M | -5.84% |
| 2021-09-30 | $763.84M | 6.22% |
| 2021-06-30 | $719.13M | 6.54% |
| 2021-03-31 | $674.97M | 4.25% |
| 2020-12-31 | $647.48M | -4.65% |
| 2020-09-30 | $679.04M | 1.09% |
| 2020-06-30 | $671.75M | -13.25% |
| 2020-03-31 | $774.31M | 7.07% |
| 2019-12-31 | $723.21M | 8.59% |
| 2019-09-30 | $666.03M | -11.04% |
| 2019-06-30 | $748.65M | 11.43% |
| 2019-03-31 | $671.88M | 20.45% |
| 2018-12-31 | $557.79M | 9.85% |
| 2018-09-30 | $507.76M | 16.47% |
| 2018-06-30 | $435.95M | -0.28% |
| 2018-03-31 | $437.17M | -30.83% |
| 2017-12-31 | $632.02M | 9.97% |
| 2017-09-30 | $574.70M | 9.37% |
| 2017-06-30 | $525.45M | 1.79% |
| 2017-03-31 | $516.19M | 1.05% |
| 2016-12-31 | $510.82M | 6.06% |
| 2016-09-30 | $481.64M | 12.36% |
| 2016-06-30 | $428.66M | 11.88% |
| 2016-03-31 | $383.14M | 3.19% |
| 2015-12-31 | $371.29M | -3.59% |
| 2015-09-30 | $385.10M | -4.30% |
| 2015-06-30 | $402.41M | 7.28% |
| 2015-03-31 | $375.09M | 11.01% |
| 2014-12-31 | $337.90M | 3.50% |
| 2014-09-30 | $326.46M | -1.05% |
| 2014-06-30 | $329.94M | 18.07% |
| 2014-03-31 | $279.46M | -3.84% |
| 2013-12-31 | $290.62M | 4.54% |
| 2013-09-30 | $278.00M | 8.97% |
| 2013-06-30 | $255.13M | 11.05% |
| 2013-03-31 | $229.75M | 2.08% |
| 2012-12-31 | $225.06M | -4.12% |
| 2012-09-30 | $234.73M | 6.55% |
| 2012-06-30 | $220.31M | -1.94% |
| 2012-03-31 | $224.68M | 6.54% |
| 2011-12-31 | $210.88M | - |
Western Midstream Partners, LP generated $887.73M in revenue during Q1 2024, up 3.44% compared to the previous quarter, and up 113.89% compared to the same period a year ago.
Western Midstream Partners, LP Revenue Breakdown
Western Midstream Partners, LP Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Product | $145.02M | $399.02M | $290.95M | $138.56M | $287.06M |
| Product and Service, Other | $968.00K | $953.00K | $789.00K | $1.34M | - |
| Service Product Based | $191.73M | $249.69M | $122.58M | $48.37M | - |
| Service Fee Based | $2.77B | $2.60B | $2.46B | $2.58B | - |
Western Midstream Partners, LP's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service Fee Based (89.13%), Service Product Based (6.17%), Product (4.67%), and Product and Service, Other (0.03%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | $39.29M | $44.69M | $31.65M | $29.66M | $39.02M | $84.27M | $79.43M | $149.74M | $85.59M | $63.59M | $84.30M | $72.26M | $70.81M | $30.07M | $30.11M | $21.74M | $56.65M | $71.54M | $68.25M | $74.47M |
| Product and Service, Other | $435.00K | $168.00K | $368.00K | $152.00K | $280.00K | $250.00K | $227.00K | $233.00K | $243.00K | $212.00K | $248.00K | $87.00K | $242.00K | $503.00K | $100.00K | $391.00K | - | - | - | - |
| Service Product Based | $66.74M | $49.52M | $48.45M | $46.96M | $46.81M | $46.97M | $91.36M | $70.50M | $40.87M | $34.32M | $28.81M | $27.80M | $31.65M | $13.13M | $12.32M | $7.00M | - | - | - | - |
| Service Fee Based | $781.26M | $763.84M | $695.55M | $661.51M | $647.87M | $647.95M | $666.55M | $655.95M | $631.60M | $621.09M | $650.48M | $618.99M | $572.27M | $603.78M | $636.52M | $642.63M | $593.54M | - | - | - |
| Commodity Price Swap Agreement | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Leases Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $53.80M | $61.18M | - | - | - | - |
Western Midstream Partners, LP's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Service Fee Based (88.01%), Service Product Based (7.52%), Product (4.43%), and Product and Service, Other (0.05%).
Western Midstream Partners, LP Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ET | Energy Transfer LP | $78.59B | $21.63B |
| EPD | Enterprise Products Partners | $49.72B | $13.48B |
| PAA | Plains All American Pipeline | $48.74B | $12.93B |
| MPLX | MPLX LP | $10.68B | $3.05B |
| GEL | Genesis Energy | $3.18B | $756.26M |
| WES | Western Midstream Partners, LP | $3.11B | $887.73M |
| HESM | Hess Midstream LP | $1.35B | $365.50M |
| AM | Antero Midstream | $1.04B | $269.80M |
| DTM | DT Midstream | $922.00M | $244.00M |
WES Revenue FAQ
What is Western Midstream Partners, LP’s yearly revenue?
Western Midstream Partners, LP's yearly revenue for 2023 was $3.11B, representing a decrease of -4.47% compared to 2022. The company's yearly revenue for 2022 was $3.25B, representing an increase of 13.02% compared to 2021. WES's yearly revenue for 2021 was $2.88B, representing an increase of 3.77% compared to 2020.
What is Western Midstream Partners, LP’s quarterly revenue?
Western Midstream Partners, LP's quarterly revenue for Q1 2024 was $887.73M, a 3.44% increase from the previous quarter (Q4 2023), and a 20.95% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $858.21M, a 10.59% increase from the previous quarter (Q3 2023), and a 10.11% increase year-over-year (Q4 2022). WES's quarterly revenue for Q3 2023 was $776.01M, a 5.11% increase from the previous quarter (Q2 2023), and a -7.35% decrease year-over-year (Q3 2022).
What is Western Midstream Partners, LP’s revenue growth rate?
Western Midstream Partners, LP's revenue growth rate for the last 3 years (2021-2023) was 7.97%, and for the last 5 years (2019-2023) was 13.12%.
What are Western Midstream Partners, LP’s revenue streams?
Western Midstream Partners, LP's revenue streams in c 23 are Product, Product and Service, Other, Service Product Based, and Service Fee Based. Product generated $145.02M in revenue, accounting 4.67% of the company's total revenue, down -63.66% year-over-year. Product and Service, Other generated $968K in revenue, accounting 0.03% of the company's total revenue, up 1.57% year-over-year. Service Product Based generated $191.73M in revenue, accounting 6.17% of the company's total revenue, down -23.21% year-over-year. Service Fee Based generated $2.77B in revenue, accounting 89.13% of the company's total revenue, up 6.41% year-over-year.
What is Western Midstream Partners, LP’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Western Midstream Partners, LP was Service Fee Based. This segment made a revenue of $2.77B, representing 89.13% of the company's total revenue.