WES · Western Midstream Partners, LP
$47.08
+0.12 (+0.26%)
At close · Aug 7
View the 10-Q filed May 6, 2026
Customer concentration
— top customer 10% of revenue
One customer — 10% of revenue (all periods presented in the consolidated statements of operations)
“Occidental was the only customer from which revenues exceeded 10% of consolidated revenues for all periods presented in the consolidated statements of operations.”
Market Cap
$18.49B
Shares
393.78M
Western Midstream Partners, LP Earnings Call Transcripts
Every quarterly earnings call for Western Midstream Partners, LP (WES) — the full transcript with speaker labels, the audio replay, AI call highlights and a management-tone score, plus the matching 8-K earnings release and the quarter's 10-Q or 10-K. Investor days and conferences appear here too.
Revenue & result across quarters
Revenue Net income YoY up YoY down artefacts
▲9.7%
$837.57M
$265.75M
'22 Q3
22-11-02
▲8.4%
$779.44M
$336.32M
'22 Q4
23-02-22
▼3.2%
$733.98M
$203.65M
'23 Q1
23-05-03
▼15.8%
$738.27M
$252.92M
'23 Q2
23-08-08
▼7.3%
$776.01M
$277.30M
'23 Q3
23-11-01
▲10.1%
$858.21M
$288.35M
'23 Q4
24-02-21
▲20.9%
$887.73M
$572.83M
'24 Q1
24-05-08
▲22.7%
$905.63M
$378.65M
'24 Q2
24-08-07
▲13.8%
$883.36M
$288.48M
'24 Q3
24-11-06
▲8.2%
$928.50M
$333.61M
'24 Q4
25-02-26
▲3.3%
$917.12M
$309.01M
'25 Q1
25-05-07
▲4.1%
$942.32M
$341.68M
'25 Q2
25-08-06
▲7.8%
$952.48M
$339.62M
'25 Q3
25-11-04
▲11.1%
$1.03B
$190.68M
'25 Q4
26-02-19
LATEST
▲22.5%
$1.12B
$350.28M
'26 Q1
26-05-07
Earnings call
FY26 · Q2
2026-08-06
Western Midstream Second Quarter 2026 Earnings Call
Results not yet reported
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY26 · Q1
2026-05-07
Western Midstream Partners, LP Q1 FY2026 Earnings Call
Confident tone
Produced water and Aris integration
Brazos Delaware II acquisition
Delaware Basin operations
Revenue
$1.12B
▲ 22.5% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q4
2026-02-19
Western Midstream Partners, LP Q4 FY2025 Earnings Call
Positive tone
Delaware and DJ Basin Operations
Aris Water Solutions Acquisition
2025 Record Financial Results
Revenue
$1.03B*
▲ 11.1% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY25 · Q3
2025-11-04
Western Midstream Partners, LP Q3 FY2025 Earnings Call
Confident tone
Delaware Basin throughput growth
Aris acquisition integration and synergies
Produced water / 3-stream business
Revenue
$952.48M
▲ 7.8% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q2
2025-08-06
Western Midstream Partners, LP Q2 FY2025 Earnings Call
Confident tone
Aris Water Solutions acquisition
Delaware Basin operational performance
2026 outlook and producer activity
Revenue
$942.32M
▲ 4.1% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q1
2025-05-07
Western Midstream Partners, LP Q1 FY2025 Earnings Call
Positive tone
Capital allocation and distribution
Throughput volumes by basin
Pathfinder produced water pipeline
Revenue
$917.12M
▲ 3.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q4
2025-02-26
Western Midstream Partners, LP Q4 FY2024 Earnings Call
Confident tone
Pathfinder produced water project
Powder River Basin expansion
Throughput growth
Revenue
$928.50M*
▲ 8.2% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY24 · Q3
2024-11-06
Western Midstream Partners, LP Q3 FY2024 Earnings Call
Positive tone
Leadership Transition
Delaware Basin / North Loving Processing
Produced Water and Recycling
Revenue
$883.36M
▲ 13.8% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q2
2024-08-07
Western Midstream Partners, LP Q2 FY2024 Earnings Call
Confident tone
Operational throughput records and growth
Commercial agreements and new contracts
Per-unit margins and unit economics
Revenue
$905.63M
▲ 22.7% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q1
2024-05-08
Western Midstream Partners, LP Q1 FY2024 Earnings Call
Confident tone
Adjusted EBITDA and Throughput Outperformance
MLP Model Evolution and Multiple Expansion
Gross Margin per Unit Stability
Revenue
$887.73M
▲ 20.9% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q4
2024-02-21
Western Midstream Partners, LP Q4 FY2023 Earnings Call
Confident tone
Delaware Basin Growth
2024 Guidance and Free Cash Flow
Capital Return and Distribution Growth
Revenue
$858.21M*
▲ 10.1% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY23 · Q3
2023-11-01
Western Midstream Partners, LP Q3 FY2023 Earnings Call
Revenue
$776.01M
▼ 7.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q2
2023-08-08
Western Midstream Partners, LP Q2 FY2023 Earnings Call
Revenue
$738.27M
▼ 15.8% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q1
2023-05-03
Western Midstream Partners, LP Q1 FY2023 Earnings Call
Revenue
$733.98M
▼ 3.2% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q4
2023-02-22
Western Midstream Partners, LP Q4 FY2022 Earnings Call
Revenue
$779.44M*
▲ 8.4% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY22 · Q3
2022-11-02
Western Midstream Partners, LP Q3 FY2022 Earnings Call
Revenue
$837.57M
▲ 9.7% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q2
2022-08-03
Western Midstream Partners, LP Q2 FY2022 Earnings Call
Revenue
$876.42M
▲ 21.9% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q1
2022-05-10
Western Midstream Partners, LP Q1 FY2022 Earnings Call
Revenue
$758.30M
▲ 12.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q4
2022-02-23
Western Midstream Partners, LP Q4 FY2021 Earnings Call
Revenue
$719.21M*
▲ 11.1% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY21 · Q3
2021-11-09
Western Midstream Partners, LP Q3 FY2021 Earnings Call
Revenue
$763.84M
▲ 12.5% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q2
2021-08-09
Western Midstream Partners, LP Q2 FY2021 Earnings Call
Revenue
$719.13M
▲ 7.1% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q1
2021-05-10
Western Midstream Partners, LP Q1 FY2021 Earnings Call
Revenue
$674.97M
▼ 12.8% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q4
2021-02-23
Western Midstream Partners, LP Q4 FY2020 Earnings Call
Revenue
$647.48M*
▼ 10.5% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY20 · Q3
2020-11-09
Western Midstream Partners, LP Q3 FY2020 Earnings Call
Revenue
$679.04M
▲ 2% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q2
2020-08-10
Western Midstream Partners, LP Q2 FY2020 Earnings Call
Revenue
$671.75M
▼ 1.9% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q1
2020-05-05
Western Midstream Partners, LP Q1 FY2020 Earnings Call
Revenue
$774.31M
▲ 15.2% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY19 · Q4
2020-02-27
Western Midstream Partners, LP Q4 FY2019 Earnings Call
Revenue
$723.21M*
▲ 4.4% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Showing 1–27 of 27 earnings calls
Key facts
CIK
1423902
CUSIP
958669103
13F (30d)
182 filings
181 filers
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