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Western Midstream Partners WES Service Revenues - Fee Based — Total revenues and other

Other product segments

Service Revenues - Product Based
$88.77M+49.8%

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Other financials

Income statement

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Revenue$1.1B+22.5%
Gross profit$1.0B+16.6%
Operating income$469.2M+14.5%
Net income$350.3M+13.4%
EPS (diluted)$0.85+7.6%

Balance sheet

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Cash & equivalents$647.5M+44.4%
Total debt$8.7B+18.7%
Total assets$14.9B+19.8%

Cash flow

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Operating cash flow$469.9M-11.5%
CapEx$235.7M+65.5%
Free cash flow$234.2M-39.7%

Valuation

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Market cap$19.8B+25.8%
Enterprise value$27.86B+23.2%
P/E16.2×+3.8×
P/S4.9×+0.6×

Profitability

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Gross margin93.4%-2.0pp
Operating margin41%-5.8pp
Net margin30.2%-5.9pp
FCF margin33.1%-7.8pp

Returns & leverage

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Current ratio1.1×-0.1×

Where this comes from

Reported directly by Western Midstream Partners in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Western Midstream Partners’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western Midstream Partners's service revenues - fee based — total revenues and other?
Western Midstream Partners (WES) reported service revenues - fee based — total revenues and other of $933.3M in Q1 2026.
How has Western Midstream Partners's service revenues - fee based — total revenues and other changed year-over-year?
Western Midstream Partners's service revenues - fee based — total revenues and other increased by 13.4% year-over-year, from $823.2M to $933.3M.
What is the long-term trend for Western Midstream Partners's service revenues - fee based — total revenues and other?
Over 4 years (2021 to 2025), Western Midstream Partners's service revenues - fee based — total revenues and other has grown at a 8.8% compound annual growth rate (CAGR), from $2.46B to $3.45B.
What does service revenues - fee based — total revenues and other mean?
This metric represents the total revenue generated from midstream energy services provided under fee-based contracts, such as gathering, processing, and transportation of natural gas and liquids. Unlike commodity-sensitive revenue, these fees are typically tied to volume throughput or capacity reservations, providing a more stable cash flow profile. It reflects the core operational performance of the company's midstream infrastructure assets.