When did Western Midstream Partners report Q1 2025 earnings?

Western Midstream Partners (WES) reported Q1 2025 earnings on May 7, 2025 after market close.

What were Western Midstream Partners's Q1 2025 revenue and EPS?

Western Midstream Partners reported revenue of $917.1M and diluted EPS of $0.79 for Q1 2025.

Did Western Midstream Partners beat estimates in Q1 2025?

Revenue missed the consensus estimate of $919.6M by $2.5M. EPS missed the consensus estimate of $0.83 by $0.04.

How did Western Midstream Partners's Q1 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 3.3% from $887.7M a year earlier and diluted EPS declined 46.3% from $1.47.

Western Midstream Partners WES Q1 2025 earnings

Reported May 7, 2025 · After market close

Revenue$917.1MMiss by $2.5M Diluted EPS$0.79Miss by $0.04

Revenue estimate$919.6M

EPS estimate$0.83

Next report

Aug 5, 2026 (In 3 weeks)

Revenue estimate$1.1B

EPS estimate$0.85

Financials

Q1 2025

Income statement

See full

Revenue$917.1M+3.3%

Gross profit$875.6M+4.0%

Operating income$409.8M-39.7%

Net income$309.0M-46.1%

EPS (diluted)$0.79-46.3%

Balance sheet

See full

Cash & equivalents$448.4M+51.9%

Total debt$7.3B-0.6%

Total assets$12.5B+1.6%

Cash flow

See full

Operating cash flow$530.8M+32.8%

CapEx$142.4M-26.5%

Free cash flow$388.4M+88.6%

Valuation & ratios

Valuation

as of 03/31/25

See full

Market cap$15.62B+15.8%

Enterprise value$22.51B+9.4%

P/E11.9×+2.2×

P/S4.3×+0.2×

Profitability

See full

Gross margin95.4%+0.3pp

Operating margin46.8%-7.4pp

Net margin36%-6.6pp

FCF margin40.9%+10.1pp

Returns & leverage

See full

Current ratio1.2×-0.3×

Segments

By product

See full

Service Revenues - Fee Based$823.2M+5.4%

Service Revenues - Product Based$59.3M-11.2%

Versus estimates

Revenue

Q1 2026$1.1BBeat by $111.7M Q4 2025$1.0BBeat by $1.6M Q3 2025$952.5MMiss by $8.5M Q2 2025$942.3MBeat by $2.2M

Q1 2025$917.1MMiss by $2.5M

Q4 2024$928.5MBeat by $2.1M

Diluted EPS

Q1 2026$0.85Beat by $0.11 Q4 2025$0.47Miss by $0.38 Q3 2025$0.87Miss by $0.01 Q2 2025$0.87Beat by $0.04

Q1 2025$0.79Miss by $0.04

Q4 2024$0.85Beat by $0.00

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Questions, answered.

When did Western Midstream Partners report Q1 2025 earnings?: Western Midstream Partners (WES) reported Q1 2025 earnings on May 7, 2025 after market close.
What were Western Midstream Partners's Q1 2025 revenue and EPS?: Western Midstream Partners reported revenue of $917.1M and diluted EPS of $0.79 for Q1 2025.
Did Western Midstream Partners beat estimates in Q1 2025?: Revenue missed the consensus estimate of $919.6M by $2.5M. EPS missed the consensus estimate of $0.83 by $0.04.
How did Western Midstream Partners's Q1 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 3.3% from $887.7M a year earlier and diluted EPS declined 46.3% from $1.47.