In Q1 FY2026 (ended March 31, 2026), Western Midstream Partners, LP reported revenue of $1.12 billion, up 22.5% year-over-year. Net income was $350 million, up 13.4%, and operating income was $469 million, up 14.5%. Cash and cash equivalents totaled $647 million.
•Revenue increased 22.5% YoY to $1.12 billion.
•Net income rose 13.4% YoY to $350 million.
•Operating income grew 14.5% YoY to $469 million.
•Cash on hand was $647 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Western Midstream Partners, LP is a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas.
Its portfolio also includes gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains, as well as water handling solutions.
Formerly known as Western Gas Equity Partners, LP, the company rebranded as Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
What does Western Midstream Partners, LP (WES) do?
Western Midstream Partners, LP is a midstream energy company primarily operating in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas. Its portfolio also includes gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, as well as gathering and disposing of produced water. Additionally, the company buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains, and also provides water handling solutions.
Where is Western Midstream Partners, LP (WES) listed and what currency does it trade in?
Western Midstream Partners, LP is listed on the New York Stock Exchange (NYSE) under the ticker symbol WES. The company trades in US Dollars (USD), as it is based in the United States and its primary operations are within the country. The NYSE is one of the largest stock exchanges globally, providing liquidity and visibility for the company's publicly traded units.
What sector and industry does Western Midstream Partners, LP (WES) belong to?
Western Midstream Partners, LP operates in the Energy sector, specifically within the Oil & Gas Midstream industry. Midstream companies are responsible for the transportation, storage, and processing of oil and gas products. In plain language, this means the company focuses on moving and processing natural gas, natural gas liquids, crude oil, and condensate from production sites to refineries or end users, as well as managing water disposal. It does not engage in exploration or production (upstream) or refining (downstream).
Where is Western Midstream Partners, LP (WES) headquartered and what regions does it serve?
Western Midstream Partners, LP is headquartered in The Woodlands, Texas, United States. The company's operations are primarily focused in the United States, with assets located in Texas, New Mexico, and the Rocky Mountains region. These areas are key basins for oil and gas production, and the company's midstream infrastructure supports producers in those regions. The company also provides water handling solutions, which are essential for managing produced water from oil and gas operations.
What is the business model of Western Midstream Partners, LP (WES) and how does it generate revenue?
Western Midstream Partners, LP generates revenue by providing midstream services to oil and gas producers. The company earns fees for gathering, compressing, treating, processing, and transporting natural gas, as well as for gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil. It also generates revenue from gathering and disposing of produced water, and from buying and selling residue, NGLs, and condensates. The company's assets are strategically located in Texas, New Mexico, and the Rocky Mountains, allowing it to serve major production areas. Its business model relies on long-term contracts and volume-based fees, providing stable cash flows tied to production levels.