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Western Midstream Partners, LP (WES) Revenue & Revenue Breakdown

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Western Midstream Partners, LP Revenue Highlights

Latest Revenue (Y)

$3.61B

Latest Revenue (Q)

$905.63M

Main Segment (Y)

Service Fee Based

Western Midstream Partners, LP Revenue by Period

Western Midstream Partners, LP Revenue by Year

DateRevenueChange
2024-12-31$3.61B16.06%
2023-12-31$3.11B-4.47%
2022-12-31$3.25B13.02%
2021-12-31$2.88B3.77%
2020-12-31$2.77B0.96%
2019-12-31$2.75B37.98%
2018-12-31$1.99B-11.48%
2017-12-31$2.25B24.61%
2016-12-31$1.80B15.56%
2015-12-31$1.56B22.58%
2014-12-31$1.27B20.91%
2013-12-31$1.05B24.02%
2012-12-31$849.44M4.91%
2011-12-31$809.67M63.61%
2010-12-31$494.87M109.21%
2009-12-31$236.54M-65.69%
2008-12-31$689.48M170.01%
2007-12-31$255.35M-

Western Midstream Partners, LP generated $3.61B in revenue during NA 2024, up 16.06% compared to the previous quarter, and up 131.28% compared to the same period a year ago.

Western Midstream Partners, LP Revenue by Quarter

DateRevenueChange
2024-06-30$905.63M2.02%
2024-03-31$887.73M3.44%
2023-12-31$858.21M10.59%
2023-09-30$776.01M5.11%
2023-06-30$738.27M0.58%
2023-03-31$733.98M-5.83%
2022-12-31$779.44M-6.94%
2022-09-30$837.57M-4.43%
2022-06-30$876.42M15.58%
2022-03-31$758.30M5.43%
2021-12-31$719.21M-5.84%
2021-09-30$763.84M6.22%
2021-06-30$719.13M6.54%
2021-03-31$674.97M4.25%
2020-12-31$647.48M-4.65%
2020-09-30$679.04M1.09%
2020-06-30$671.75M-13.25%
2020-03-31$774.31M7.07%
2019-12-31$723.21M8.59%
2019-09-30$666.03M-11.04%
2019-06-30$748.65M11.43%
2019-03-31$671.88M20.45%
2018-12-31$557.79M9.85%
2018-09-30$507.76M16.47%
2018-06-30$435.95M-0.28%
2018-03-31$437.17M-30.83%
2017-12-31$632.02M9.97%
2017-09-30$574.70M9.37%
2017-06-30$525.45M1.79%
2017-03-31$516.19M1.05%
2016-12-31$510.82M6.06%
2016-09-30$481.64M12.36%
2016-06-30$428.66M11.88%
2016-03-31$383.14M3.19%
2015-12-31$371.29M-3.59%
2015-09-30$385.10M-4.30%
2015-06-30$402.41M7.28%
2015-03-31$375.09M11.01%
2014-12-31$337.90M3.50%
2014-09-30$326.46M-1.05%
2014-06-30$329.94M18.07%
2014-03-31$279.46M-3.84%
2013-12-31$290.62M4.54%
2013-09-30$278.00M8.97%
2013-06-30$255.13M11.05%
2013-03-31$229.75M2.08%
2012-12-31$225.06M-4.12%
2012-09-30$234.73M6.55%
2012-06-30$220.31M-1.94%
2012-03-31$224.68M6.54%
2011-12-31$210.88M-

Western Midstream Partners, LP generated $905.63M in revenue during Q2 2024, up 2.02% compared to the previous quarter, and up 123.39% 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/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Service Fee Based$3.25B$2.77B$2.60B$2.46B$2.58B
Product and Service, Other$1.08M$968.00K$953.00K$789.00K$1.34M
Service Product Based$215.78M$191.73M$249.69M$122.58M$48.37M
Product$140.10M$145.02M$399.02M$290.95M$138.56M

Western Midstream Partners, LP's latest annual revenue breakdown by segment (product or service), as of Dec 24: Service Fee Based (90.10%), Service Product Based (5.99%), Product (3.89%), and Product and Service, Other (0.03%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Service Fee Based$1.65B$814.32M$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--
Product$81.14M$19.67M$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
Service Product Based$99.92M$49.12M$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--
Product and Service, Other$395.00K$255.00K$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--
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 Dec 24: Service Fee Based (90.11%), Service Product Based (5.45%), Product (4.42%), and Product and Service, Other (0.02%).

Western Midstream Partners, LP Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ETEnergy Transfer LP$82.67B$20.77B
EPDEnterprise Products Partners$56.22B$13.78B
PAAPlains All American Pipeline$50.07B$12.74B
MPLXMPLX LP$11.93B$2.97B
WESWestern Midstream Partners, LP$3.61B$905.63M
GELGenesis Energy$2.97B$714.30M
HESMHess Midstream LP$1.50B$378.50M
AMAntero Midstream$1.11B$269.87M
DTMDT Midstream$981.00M$248.00M

WES Revenue FAQ

What is Western Midstream Partners, LP’s yearly revenue?

Western Midstream Partners, LP's yearly revenue for 2024 was $3.61B, representing an increase of 16.06% compared to 2023. The company's yearly revenue for 2023 was $3.11B, representing a decrease of -4.47% compared to 2022. WES's yearly revenue for 2022 was $3.25B, representing an increase of 13.02% compared to 2021.

What is Western Midstream Partners, LP’s quarterly revenue?

Western Midstream Partners, LP's quarterly revenue for Q2 2024 was $905.63M, a 2.02% increase from the previous quarter (Q1 2024), and a 22.67% increase year-over-year (Q2 2023). The company'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). WES'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).

What is Western Midstream Partners, LP’s revenue growth rate?

Western Midstream Partners, LP's revenue growth rate for the last 3 years (2022-2024) was 10.87%, and for the last 5 years (2020-2024) was 30.03%.

What are Western Midstream Partners, LP’s revenue streams?

Western Midstream Partners, LP's revenue streams in c 24 are Service Fee Based, Product and Service, Other, Service Product Based, and Product. Service Fee Based generated $3.25B in revenue, accounting 90.10% of the company's total revenue, up 17.32% year-over-year. Product and Service, Other generated $1.08M in revenue, accounting 0.03% of the company's total revenue, up 12.09% year-over-year. Service Product Based generated $215.78M in revenue, accounting 5.99% of the company's total revenue, up 12.54% year-over-year. Product generated $140.1M in revenue, accounting 3.89% of the company's total revenue, down -3.40% year-over-year.

What is Western Midstream Partners, LP’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Western Midstream Partners, LP was Service Fee Based. This segment made a revenue of $3.25B, representing 90.10% of the company's total revenue.