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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): November 6, 2024
WESTERN MIDSTREAM PARTNERS, LP
(Exact name of registrant as specified in its charter)
 
Delaware001-3575346-0967367
(State or other jurisdiction
of incorporation or organization)		(Commission
File Number)		(IRS Employer
Identification No.)
 9950 Woodloch Forest Drive, Suite 2800
The Woodlands, Texas 77380
(Address of principal executive office) (Zip Code)
 
(346) 786-5000
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbolName of exchange
on which registered
Common unitsWESNew York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).    Emerging growth company   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐



Item 2.02 Results of Operations and Financial Condition.

On November 6, 2024, Western Midstream Partners, LP issued a press release announcing third-quarter 2024 results. The Partnership also simultaneously made the slide presentation for tomorrow’s earnings call available on the Western Midstream website, www.westernmidstream.com. The press release is included in this report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
WESTERN MIDSTREAM PARTNERS, LP
By:Western Midstream Holdings, LLC,
its general partner
Dated:November 6, 2024By:/s/ Kristen S. Shults
Kristen S. Shults
Senior Vice President and Chief Financial Officer


    EXHIBIT 99.1
wesprlogo.jpg

WESTERN MIDSTREAM ANNOUNCES
THIRD-QUARTER 2024 RESULTS
•Reported third-quarter 2024 Net income attributable to limited partners of $281.8 million, generating third-quarter Adjusted EBITDA(1) of $566.9 million.
•Reported third-quarter 2024 Cash flows provided by operating activities of $551.3 million, generating third-quarter Free cash flow(1) of $365.1 million.
•Announced a third-quarter Base Distribution of $0.875 per unit, or $3.50 per unit on an annualized basis, which is in-line with the prior-quarter’s Base Distribution.
HOUSTON—(PR NEWSWIRE)—November 6, 2024 – Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced third-quarter 2024 financial and operating results. Net income (loss) attributable to limited partners for the third quarter of 2024 totaled $281.8 million, or $0.74 per common unit (diluted), with third-quarter 2024 Adjusted EBITDA(1) totaling $566.9 million. Third-quarter 2024 Cash flows provided by operating activities totaled $551.3 million, and third-quarter 2024 Free cash flow(1) totaled $365.1 million.
RECENT HIGHLIGHTS
•Gathered record natural-gas and crude-oil and NGLs throughput in the Delaware Basin of 1.9 Bcf/d and 246 MBbls/d, respectively, each representing a 2-percent sequential-quarter increase.
•Gathered record natural-gas and crude-oil and NGLs throughput in the Powder River Basin of 505 MMcf/d and 26 MBbls/d, respectively, representing sequential-quarter increases of 19-percent and 4-percent, respectively.
•Achieved increased produced-water throughput in the Delaware Basin of 1,121 MBbls/d, representing a 2-percent sequential-quarter increase.
•Issued $800.0 million of 5.450% senior notes due 2034, the proceeds from which will be used to repay a portion of the Partnership’s senior notes due in 2025, and for general partnership purposes.
•Maintained strong operational performance and continued flow assurance for our customers,


with system operability above 98-percent, despite multiple plant turnarounds in several of our core operating basins.
•Subsequent to quarter-end, executed agreements to realign the commercial structure of the Mi Vida joint venture, which will provide WES with 100 MMcf/d of dedicated natural-gas processing capacity in the Delaware Basin beginning in mid-2025.
On November 14, 2024, WES will pay its third-quarter 2024 per-unit Base Distribution of $0.875, which is in-line with the prior quarter’s Base Distribution. Third-quarter 2024 Free cash flow(1) after distributions totaled $24.3 million. Third-quarter 2024 capital expenditures(2) totaled $198.1 million.
Third-quarter 2024 natural-gas throughput(3) averaged 5.0 Bcf/d, representing a 1-percent sequential quarter increase. Third-quarter 2024 throughput for crude-oil and NGLs assets(3) averaged 506 MBbls/d, representing a 2-percent sequential-quarter decrease. Third-quarter 2024 throughput for produced-water assets(3) averaged 1,099 MBbls/d, representing a 2-percent sequential-quarter increase.
“We achieved another quarter of record natural-gas and crude-oil and NGLs throughput in the Delaware Basin and experienced continued strong throughput growth in the Powder River Basin as the Meritage Midstream acquisition continues to exceed our expectations,” said Oscar Brown, President and Chief Executive Officer. “However, our profitability declined slightly quarter-over-quarter, primarily due to lower natural-gas liquids recoveries and lower commodity prices in the Delaware Basin, lower distributions from our equity investments, and higher operation and maintenance expense, which is typical in the third quarter.”
Mr. Brown continued, “Looking to the fourth quarter, we estimate increased Adjusted EBITDA primarily driven by continued steady throughput growth from our core operating basins and lower operation and maintenance expense. While we still expect Adjusted EBITDA to be towards the high end of our previously announced $2.2 billion to $2.4 billion guidance range for the year, we are reducing our average year-over-year crude-oil and NGLs and produced-water throughput growth expectations.”
“In August, we issued $800.0 million of new senior notes in a highly successful offering that resulted in the best 10-year credit spread in WES’s history. Our trailing-twelve-month net leverage ratio has comfortably reached our year-end 2024 threshold of 3.0 times, and we will continue to look for the most efficient ways to allocate capital to generate the best returns for our unitholders. Those options continue to include organic growth opportunities to prudently expand the business, accretive M&A similar to the Meritage Midstream acquisition, and increasing the Base Distribution in-line with the growth of the business. Our strong operating model, improved balance sheet, and transparent capital-
2

return framework, all provide WES with a solid foundation that is well positioned for future success,” concluded Mr. Brown.
CONFERENCE CALL TOMORROW AT 1:00 P.M. CT
WES will host a conference call on Thursday, November 7, 2024, at 1:00 p.m. Central Time (2:00 p.m. Eastern Time) to discuss its third-quarter 2024 results. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnership’s website at www.westernmidstream.com. A small number of phone lines are available for analysts; individuals should dial 800-836-8184 (Domestic) or 646-357-8785 (International) ten to fifteen minutes before the scheduled conference call time. A replay of the live audio webcast can be accessed on the Partnership’s website at www.westernmidstream.com for one year after the call.
For additional details on WES’s financial and operational performance, please refer to the earnings slides and updated investor presentation available at www.westernmidstream.com.
2023 SUSTAINABILITY REPORT
Today WES released its annual sustainability report focused on environmental, social, and governance (ESG) issues. The report details the Partnership’s continued focus on its three core pillars of its ESG approach: supporting sustainable environments, focusing on people, and operating responsibly. To download and read the full report, please click on the Sustainability section of our website at www.westernmidstream.com.
ABOUT WESTERN MIDSTREAM
Western Midstream Partners, LP (“WES”) is a master limited partnership formed to develop, acquire, own, and operate midstream assets. With midstream assets located in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural-gas liquids, and crude oil; and gathering and disposing of produced water for its customers. In its capacity as a natural-gas processor, WES also buys and sells natural gas, natural-gas liquids, and condensate on behalf of itself and its customers under certain gas processing contracts. A substantial majority of WES’s cash flows are protected from direct exposure to commodity price volatility through fee-based contracts.

For more information about WES, please visit www.westernmidstream.com.
This news release contains forward-looking statements. WES’s management believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this news release. These factors include our ability to meet financial guidance or distribution expectations; our ability to safely and efficiently operate WES’s assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the “Risk Factors” section of WES’s most-recent Form 10-K filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.
______________________________________________________________
(1)Please see the definitions of the Partnership’s non-GAAP measures at the end of this release and reconciliation of GAAP to non-GAAP measures.
(2)Accrual-based, includes equity investments, excludes capitalized interest, and excludes capital expenditures associated with the 25% third-party interest in Chipeta.
(3)Represents total throughput attributable to WES, which excludes (i) the 2.0% limited partner interest in WES Operating owned by an Occidental subsidiary and (ii) for natural-gas throughput, the 25% third-party interest in Chipeta, which collectively represent WES’s noncontrolling interests.


# # #
Source: Western Midstream Partners, LP

WESTERN MIDSTREAM CONTACTS

Daniel Jenkins
Director, Investor Relations
Investors@westernmidstream.com
866.512.3523

Rhianna Disch
Manager, Investor Relations
Investors@westernmidstream.com
866.512.3523
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Western Midstream Partners, LP
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 Three Months Ended 
September 30,		Nine Months Ended 
September 30,
thousands except per-unit amounts2024202320242023
Revenues and other
Service revenues – fee based
$814,319 $695,547 $2,389,366 $2,004,920 
Service revenues – product based
49,115 48,446 177,321 142,212 
Product sales19,673 31,652 109,076 100,336 
Other255 368 957 800 
Total revenues and other883,362 776,013 2,676,720 2,248,268 
Equity income, net – related parties23,977 35,494 84,227 116,839 
Operating expenses
Cost of product32,847 27,590 132,936 123,795 
Operation and maintenance231,066 204,434 649,324 562,104 
General and administrative64,726 55,050 195,498 159,572 
Property and other taxes12,635 14,583 43,984 39,961 
Depreciation and amortization166,015 147,363 487,438 435,481 
Long-lived asset and other impairments4,651 245 6,204 52,880 
Total operating expenses511,940 449,265 1,515,384 1,373,793 
Gain (loss) on divestiture and other, net467 (1,480)299,426 (3,668)
Operating income (loss)395,866 360,762 1,544,989 987,646 
Interest expense(94,149)(82,754)(279,177)(250,606)
Gain (loss) on early extinguishment of debt— 8,565 5,403 15,378 
Other income (expense), net9,565 (1,270)16,124 2,817 
Income (loss) before income taxes311,282 285,303 1,287,339 755,235 
Income tax expense (benefit)15,390 905 17,667 2,980 
Net income (loss)295,892 284,398 1,269,672 752,255 
Net income (loss) attributable to noncontrolling interests7,412 7,102 29,714 18,393 
Net income (loss) attributable to Western Midstream Partners, LP
$288,480 $277,296 $1,239,958 $733,862 
Limited partners’ interest in net income (loss):
Net income (loss) attributable to Western Midstream Partners, LP
$288,480 $277,296 $1,239,958 $733,862 
General partner interest in net (income) loss(6,708)(6,453)(28,845)(16,960)
Limited partners’ interest in net income (loss)$281,772 $270,843 $1,211,113 $716,902 
Net income (loss) per common unit – basic$0.74 $0.71 $3.18 $1.87 
Net income (loss) per common unit – diluted$0.74 $0.70 $3.17 $1.86 
Weighted-average common units outstanding – basic380,513 383,561 380,343 384,211 
Weighted-average common units outstanding – diluted382,620 384,772 382,189 385,344 

4

Western Midstream Partners, LP
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
thousands except number of unitsSeptember 30,
2024		December 31,
2023
Total current assets$1,832,688 $992,410 
Net property, plant, and equipment9,695,591 9,655,016 
Other assets1,452,945 1,824,181 
Total assets$12,981,224 $12,471,607 
Total current liabilities$1,646,195 $1,304,056 
Long-term debt6,929,212 7,283,556 
Asset retirement obligations374,646 359,185 
Other liabilities653,654 495,680 
Total liabilities9,603,707 9,442,477 
Equity and partners’ capital
Common units (380,555,427 and 379,519,983 units issued and outstanding at September 30, 2024, and December 31, 2023, respectively)3,225,855 2,894,231 
General partner units (9,060,641 units issued and outstanding at September 30, 2024, and December 31, 2023) 10,972 3,193 
Noncontrolling interests140,690 131,706 
Total liabilities, equity, and partners’ capital$12,981,224 $12,471,607 

5

Western Midstream Partners, LP
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
 Nine Months Ended 
September 30,
thousands20242023
Cash flows from operating activities
Net income (loss)$1,269,672 $752,255 
Adjustments to reconcile net income (loss) to net cash provided by operating activities and changes in assets and liabilities:
Depreciation and amortization487,438 435,481 
Long-lived asset and other impairments6,204 52,880 
(Gain) loss on divestiture and other, net(299,426)3,668 
(Gain) loss on early extinguishment of debt(5,403)(15,378)
Change in other items, net123,929 (40,872)
Net cash provided by operating activities$1,582,414 $1,188,034 
Cash flows from investing activities
Capital expenditures$(595,087)$(536,427)
Acquisitions from third parties(443)— 
Contributions to equity investments - related parties— (1,153)
Distributions from equity investments in excess of cumulative earnings – related parties27,560 31,715 
Proceeds from the sale of assets to third parties792,241 (60)
(Increase) decrease in materials and supplies inventory and other(33,118)(32,659)
Net cash provided by (used in) investing activities$191,153 $(538,584)
Cash flows from financing activities
Borrowings, net of debt issuance costs$789,193 $1,801,011 
Repayments of debt(143,852)(1,317,928)
Commercial paper borrowings (repayments), net(610,312)— 
Increase (decrease) in outstanding checks(2,282)(241)
Distributions to Partnership unitholders(905,155)(754,998)
Distributions to Chipeta noncontrolling interest owner(2,228)(5,083)
Distributions to noncontrolling interest owner of WES Operating(18,502)(18,260)
Unit repurchases— (134,602)
Other(28,479)(16,511)
Net cash provided by (used in) financing activities$(921,617)$(446,612)
Net increase (decrease) in cash and cash equivalents$851,950 $202,838 
Cash and cash equivalents at beginning of period272,787 286,656 
Cash and cash equivalents at end of period$1,124,737 $489,494 
6

Western Midstream Partners, LP
RECONCILIATION OF GAAP TO NON-GAAP MEASURES

WES defines Adjusted gross margin attributable to Western Midstream Partners, LP (“Adjusted gross margin”) as total revenues and other (less reimbursements for electricity-related expenses recorded as revenue), less cost of product, plus distributions from equity investments, and excluding the noncontrolling interest owners’ proportionate share of revenues and cost of product.
WES defines Adjusted EBITDA attributable to Western Midstream Partners, LP (“Adjusted EBITDA”) as net income (loss), plus (i) distributions from equity investments, (ii) non-cash equity-based compensation expense, (iii) interest expense, (iv) income tax expense, (v) depreciation and amortization, (vi) impairments, and (vii) other expense (including lower of cost or market inventory adjustments recorded in cost of product), less (i) gain (loss) on divestiture and other, net, (ii) gain (loss) on early extinguishment of debt, (iii) income from equity investments, (iv) interest income, (v) income tax benefit, (vi) other income, and (vii) the noncontrolling interest owners’ proportionate share of revenues and expenses.
WES defines Free cash flow as net cash provided by operating activities less total capital expenditures and contributions to equity investments, plus distributions from equity investments in excess of cumulative earnings.
Below are reconciliations of (i) gross margin (GAAP) to Adjusted gross margin (non-GAAP), (ii) net income (loss) (GAAP) and net cash provided by operating activities (GAAP) to Adjusted EBITDA (non-GAAP), and (iii) net cash provided by operating activities (GAAP) to Free cash flow (non-GAAP), as required under Regulation G of the Securities Exchange Act of 1934. Management believes that Adjusted gross margin, Adjusted EBITDA, and Free cash flow are widely accepted financial indicators of WES’s financial performance compared to other publicly traded partnerships and are useful in assessing WES’s ability to incur and service debt, fund capital expenditures, and make distributions. Adjusted gross margin, Adjusted EBITDA, and Free cash flow as defined by WES, may not be comparable to similarly titled measures used by other companies. Therefore, WES’s Adjusted gross margin, Adjusted EBITDA, and Free cash flow should be considered in conjunction with net income (loss) attributable to Western Midstream Partners, LP and other applicable performance measures, such as gross margin or cash flows provided by operating activities.
7

Western Midstream Partners, LP
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (CONTINUED)
(Unaudited)

Adjusted Gross Margin
Three Months Ended
thousandsSeptember 30,
2024		June 30,
2024
Reconciliation of Gross margin to Adjusted gross margin
Total revenues and other$883,362 $905,629 
Less:
Cost of product32,847 54,010 
Depreciation and amortization
166,015 163,432 
Gross margin684,500 688,187 
Add:
Distributions from equity investments29,344 32,970 
Depreciation and amortization
166,015 163,432 
Less:
Reimbursed electricity-related charges recorded as revenues32,379 28,998 
Adjusted gross margin attributable to noncontrolling interests (1)
19,986 19,741 
Adjusted gross margin
$827,494 $835,850 
Gross margin
Gross margin for natural-gas assets (2)
$511,244 $516,253 
Gross margin for crude-oil and NGLs assets (2)
97,263 96,786 
Gross margin for produced-water assets (2)
83,178 82,346 
Adjusted gross margin
Adjusted gross margin for natural-gas assets
$596,459 $601,443 
Adjusted gross margin for crude-oil and NGLs assets
134,253 138,894 
Adjusted gross margin for produced-water assets96,782 95,513 
(1)Includes (i) the 25% third-party interest in Chipeta and (ii) the 2.0% limited partner interest in WES Operating owned by an Occidental subsidiary, which collectively represent WES’s noncontrolling interests.
(2)Excludes corporate-level depreciation and amortization.

8

Western Midstream Partners, LP
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (CONTINUED)
(Unaudited)

Adjusted EBITDA
Three Months Ended
thousandsSeptember 30,
2024		June 30,
2024
Reconciliation of Net income (loss) to Adjusted EBITDA
Net income (loss)$295,892 $387,564 
Add:
Distributions from equity investments29,344 32,970 
Non-cash equity-based compensation expense8,759 10,391 
Interest expense94,149 90,522 
Income tax expense15,390 755 
Depreciation and amortization166,015 163,432 
Impairments4,651 1,530 
Other expense90 37 
Less:
Gain (loss) on divestiture and other, net467 59,342 
Gain (loss) on early extinguishment of debt— 4,879 
Equity income, net – related parties23,977 27,431 
Other income9,565 4,213 
Adjusted EBITDA attributable to noncontrolling interests (1)
13,411 13,276 
Adjusted EBITDA$566,870 $578,060 
Reconciliation of Net cash provided by operating activities to Adjusted EBITDA
Net cash provided by operating activities$551,288 $631,418 
Interest (income) expense, net94,149 90,522 
Accretion and amortization of long-term obligations, net(2,221)(2,473)
Current income tax expense (benefit)1,471 726 
Other (income) expense, net(9,565)(4,213)
Distributions from equity investments in excess of cumulative earnings – related parties3,257 5,270 
Changes in assets and liabilities:
Accounts receivable, net(12,683)(28,436)
Accounts and imbalance payables and accrued liabilities, net(8,161)(13,338)
Other items, net(37,254)(88,140)
Adjusted EBITDA attributable to noncontrolling interests (1)
(13,411)(13,276)
Adjusted EBITDA$566,870 $578,060 
Cash flow information
Net cash provided by operating activities$551,288 $631,418 
Net cash provided by (used in) investing activities(190,701)(14,995)
Net cash provided by (used in) financing activities420,031 (567,550)
(1)Includes (i) the 25% third-party interest in Chipeta and (ii) the 2.0% limited partner interest in WES Operating owned by an Occidental subsidiary, which collectively represent WES’s noncontrolling interests.
9

Western Midstream Partners, LP
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (CONTINUED)
(Unaudited)

Free Cash Flow
Three Months Ended
thousandsSeptember 30,
2024		June 30,
2024
Reconciliation of Net cash provided by operating activities to Free cash flow
Net cash provided by operating activities$551,288 $631,418 
Less:
Capital expenditures189,434 211,864 
Add:
Distributions from equity investments in excess of cumulative earnings – related parties3,257 5,270 
Free cash flow$365,111 $424,824 
Cash flow information
Net cash provided by operating activities$551,288 $631,418 
Net cash provided by (used in) investing activities(190,701)(14,995)
Net cash provided by (used in) financing activities420,031 (567,550)

10

Western Midstream Partners, LP
OPERATING STATISTICS
(Unaudited)
 Three Months Ended
September 30,
2024		June 30,
2024		Inc/
(Dec)
Throughput for natural-gas assets (MMcf/d)
Gathering, treating, and transportation388 438 (11)%
Processing4,298 4,209 2 %
Equity investments (1)
503 508 (1)%
Total throughput5,189 5,155 1 %
Throughput attributable to noncontrolling interests (2)
173 167 4 %
Total throughput attributable to WES for natural-gas assets5,016 4,988 1 %
Throughput for crude-oil and NGLs assets (MBbls/d)
Gathering, treating, and transportation393 396 (1)%
Equity investments (1)
124 130 (5)%
Total throughput517 526 (2)%
Throughput attributable to noncontrolling interests (2)
11 11 — %
Total throughput attributable to WES for crude-oil and NGLs assets506 515 (2)%
Throughput for produced-water assets (MBbls/d)
Gathering and disposal1,121 1,102 2 %
Throughput attributable to noncontrolling interests (2)
22 22 — %
Total throughput attributable to WES for produced-water assets1,099 1,080 2 %
Per-Mcf Gross margin for natural-gas assets (3)
$1.07 $1.10 (3)%
Per-Bbl Gross margin for crude-oil and NGLs assets (3)
2.05 2.02 1 %
Per-Bbl Gross margin for produced-water assets (3)
0.81 0.82 (1)%
Per-Mcf Adjusted gross margin for natural-gas assets (4)
$1.29 $1.33 (3)%
Per-Bbl Adjusted gross margin for crude-oil and NGLs assets (4)
2.88 2.96 (3)%
Per-Bbl Adjusted gross margin for produced-water assets (4)
0.96 0.97 (1)%
(1)Represents our share of average throughput for investments accounted for under the equity method of accounting.
(2)Includes (i) the 2.0% limited partner interest in WES Operating owned by an Occidental subsidiary and (ii) for natural-gas assets, the 25% third-party interest in Chipeta, which collectively represent WES’s noncontrolling interests.
(3)Average for period. Calculated as Gross margin for natural-gas assets, crude-oil and NGLs assets, or produced-water assets, divided by the respective total throughput (MMcf or MBbls) for natural-gas assets, crude-oil and NGLs assets, or produced-water assets.
(4)Average for period. Calculated as Adjusted gross margin for natural-gas assets, crude-oil and NGLs assets, or produced-water assets, divided by the respective total throughput (MMcf or MBbls) attributable to WES for natural-gas assets, crude-oil and NGLs assets, or produced-water assets.

11

Western Midstream Partners, LP
OPERATING STATISTICS (CONTINUED)
(Unaudited)

Three Months Ended
September 30,
2024		June 30,
2024		Inc/
(Dec)
Throughput for natural-gas assets (MMcf/d)
Operated
Delaware Basin1,889 1,858 2 %
DJ Basin1,418 1,452 (2)%
Powder River Basin505 426 19 %
Other874 898 (3)%
Total operated throughput for natural-gas assets4,686 4,634 1 %
Non-operated
Equity investments503 508 (1)%
Other— 13 (100)%
Total non-operated throughput for natural-gas assets503 521 (3)%
Total throughput for natural-gas assets 5,189 5,155 1 %
Throughput for crude-oil and NGLs assets (MBbls/d)
Operated
Delaware Basin246 241 2 %
DJ Basin87 91 (4)%
Powder River Basin26 25 4 %
Other34 39 (13)%
Total operated throughput for crude-oil and NGLs assets393 396 (1)%
Non-operated
Equity investments124 130 (5)%
Total non-operated throughput for crude-oil and NGLs assets124 130 (5)%
Total throughput for crude-oil and NGLs assets517 526 (2)%
Throughput for produced-water assets (MBbls/d)
Operated
Delaware Basin1,121 1,102 2 %
Total operated throughput for produced-water assets1,121 1,102 2 %

12
v3.24.3
Cover Page
Nov. 06, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Nov. 06, 2024
Entity Registrant Name WESTERN MIDSTREAM PARTNERS, LP
Entity Incorporation, State or Country Code DE
Entity File Number 001-35753
Entity Tax Identification Number 46-0967367
Entity Address, Address Line One 9950 Woodloch Forest Drive, Suite 2800
Entity Address, City or Town The Woodlands
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77380
City Area Code 346
Local Phone Number 786-5000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common units
Trading Symbol WES
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001423902
Amendment Flag false
Western Midstream Partners (NYSE:WES)
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Western Midstream Partners (NYSE:WES)
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De Nov 2023 a Nov 2024 Haga Click aquí para más Gráficas Western Midstream Partners.