Operating Expenses
Total Operating Expenses
Western Midstream Partners Total Operating Expenses decreased by 10.9% to $662.8M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 26.7%, from $523.08M to $662.8M. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 7.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026May 6, 2026
How to read this metric
Lowering this relative to revenue indicates improved operational leverage and higher profit margins.
Detailed definition
The sum of all costs incurred to maintain and operate the business, including cost of revenue, G&A, depreciation, and ot...
Peer comparison
Standard metric; peers report this as total operating costs and expenses.
Metric ID:
total_operating_expensesHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $444.07M | $428.72M | $438.56M | $403.45M | $526.35M | $521.76M | $499.43M | $480.67M | $443.86M | $449.27M | $495.98M | $480.79M | $522.65M | $511.94M | $528.26M | $523.08M | $524.06M | $525.3M | $744.23M | $662.8M |
| QoQ Change | — | -3.5% | +2.3% | -8.0% | +30.5% | -0.9% | -4.3% | -3.8% | -7.7% | +1.2% | +10.4% | -3.1% | +8.7% | -2.0% | +3.2% | -1.0% | +0.2% | +0.2% | +41.7% | -10.9% |
| YoY Change | — | — | — | — | +18.5% | +21.7% | +13.9% | +19.1% | -15.7% | -13.9% | -0.7% | +0.0% | +17.8% | +14.0% | +6.5% | +8.8% | +0.3% | +2.6% | +40.9% | +26.7% |
Range$403.45M – $744.23M
CAGR+8.8%
Avg YoY Growth+10.0%
Median YoY Growth+11.3%
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is Western Midstream Partners's total operating expenses?
- Western Midstream Partners (WES) reported total operating expenses of $662.8M in Q1 2026.
- How has Western Midstream Partners's total operating expenses changed year-over-year?
- Western Midstream Partners's total operating expenses increased by 26.7% year-over-year, from $523.08M to $662.8M.
- What is the long-term trend for Western Midstream Partners's total operating expenses?
- Over 4 years (2021 to 2025), Western Midstream Partners's total operating expenses has grown at a 7.3% compound annual growth rate (CAGR), from $1.75B to $2.32B.
- What does total operating expenses mean?
- The total cost of running the business operations for a given period.