Western Midstream Partners, LP (WES) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.54B | 1.66B | 917.05M | 905.01M | 1.19B | 1.85B | 1.83B | 1.07B | 1.07B | 992.41M | 1.14B | 797.2M | 735.3M | 900.42M | 896.3M | 863.44M | 906.29M | 684.76M | 756.71M | 886.25M |
| Cash & Short-Term Investments | 647.5M | 819.49M | 177.29M | 129.73M | 448.45M | 1.09B | 1.12B | 344.12M | 295.25M | 272.79M | 489.49M | 213.95M | 112.64M | 286.66M | 159.09M | 97.43M | 248.25M | 202M | 99.86M | 305.57M |
| Cash Only | 647.5M | 819.49M | 177.29M | 129.73M | 448.45M | 1.09B | 1.12B | 344.12M | 295.25M | 272.79M | 489.49M | 213.95M | 112.64M | 286.66M | 159.09M | 97.43M | 248.25M | 202M | 99.86M | 305.57M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 848.59M | 788.8M | 706.5M | 728.8M | 694.7M | 721.45M | 688.91M | 698.6M | 737.18M | 681.29M | 626.35M | 565.77M | 600.38M | 590.3M | 712.42M | 726.83M | 647.3M | 467.13M | 622.38M | 559.35M |
| Days Sales Outstanding | 65.58 | 66.68 | 69.32 | 68.73 | 69.49 | 69.87 | 72.25 | 72.14 | 72.7 | 70.09 | 70.67 | 71.87 | 73 | 76.88 | 79.04 | 71.34 | 66.13 | 69.68 | 71.17 | 68.62 |
| Inventory | 14.8M | 12.84M | 12.92M | 11.98M | 11.32M | 2.51M | 1.89M | 2.24M | 2.65M | 2.56M | 3.02M | 1.9M | 2.79M | 3.8M | 2.65M | 1.51M | 53.85M | 3.37M | 4M | 3.09M |
| Days Inventory Outstanding | 4.71 | 2.27 | 4.34 | 4.93 | 2.94 | 1 | 0.96 | 1.02 | 1.16 | 1.25 | 1.29 | 1.14 | 1.51 | 1.21 | 0.73 | 8.76 | 12.41 | 1.57 | 1.47 | 1.57 |
| Other Current Assets | 17.44M | 19.7M | 17.72M | 26.55M | 23.82M | 17.34M | 13.68M | 13.59M | 15.56M | 14.71M | 14.49M | 14.29M | 8.5M | 6.41M | 7.86M | 36.12M | -48.9M | 1.9M | 16.05M | 15.81M |
| Total Non-Current Assets | 13.39B | 13.34B | 11.21B | 11.25B | 11.27B | 11.3B | 11.15B | 11.11B | 11.2B | 11.48B | 10.49B | 10.42B | 10.38B | 10.37B | 10.58B | 10.53B | 10.54B | 10.59B | 10.66B | 10.74B |
| Property, Plant & Equipment | 11.29B | 11.41B | 9.73B | 9.74B | 9.73B | 9.93B | 9.7B | 9.64B | 9.73B | 9.74B | 8.66B | 8.6B | 8.54B | 8.61B | 8.54B | 8.48B | 8.48B | 8.58B | 8.52B | 8.59B |
| Fixed Asset Turnover | 0.10x | 0.10x | 0.10x | 0.10x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.10x | 0.10x | 0.09x | 0.08x | 0.09x | 0.08x |
| Goodwill | 347.64M | 353.26M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M |
| Intangible Assets | 901.9M | 913.76M | 625.99M | 633.91M | 641.82M | 649.74M | 657.66M | 665.57M | 673.49M | 681.41M | 689.32M | 697.24M | 705.16M | 713.08M | 720.99M | 728.91M | 736.83M | 744.74M | 752.66M | 760.58M |
| Long-Term Investments | 495.75M | 511.99M | 510.63M | 523.53M | 527.53M | 572.26M | 535.17M | 540.54M | 576.71M | 934.23M | 915.08M | 920.12M | 931.85M | 963.88M | 1.14B | 1.15B | 1.16B | 1.18B | 1.18B | 1.2B |
| Other Non-Current Assets | 345.1M | 153.65M | 340.55M | 352.1M | 365.76M | 136.7M | 255.33M | 256.9M | 218.85M | 119.48M | 217.16M | 198.63M | 194.17M | 80.78M | 168.72M | 165.67M | 159.71M | 69.72M | 199.96M | 189.27M |
| Total Assets | 14.92B | 15B | 12.13B | 12.16B | 12.46B | 13.14B | 12.98B | 12.18B | 12.27B | 12.47B | 11.63B | 11.22B | 11.11B | 11.27B | 11.47B | 11.39B | 11.45B | 11.27B | 11.42B | 11.63B |
| Asset Turnover | 0.08x | 0.08x | 0.08x | 0.08x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.08x | 0.07x | 0.06x | 0.07x | 0.06x |
| Asset Growth % | 19.81% | 14.1% | -6.59% | -0.17% | 1.56% | 5.4% | 11.65% | 8.57% | 10.38% | 10.65% | 1.34% | -1.49% | -2.91% | -0.01% | 0.47% | -2.04% | 0.09% | -4.71% | -2.31% | -2.74% |
| Total Current Liabilities | 1.41B | 1.24B | 640.47M | 694.8M | 1.01B | 1.69B | 1.65B | 634.12M | 708.14M | 1.3B | 635.9M | 621.54M | 581.33M | 903.86M | 745.92M | 754.68M | 1.34B | 1.14B | 1.31B | 1.13B |
| Accounts Payable | 413.81M | 319.17M | 297.03M | 357.04M | 357.28M | 312.94M | 387.16M | 364.81M | 377.5M | 362.45M | 393.36M | 359.3M | 362.4M | 360.56M | 492.78M | 492.98M | 395.89M | 326.06M | 341.22M | 246.79M |
| Days Payables Outstanding | 124.83 | 54.31 | 114.15 | 151.31 | 142.3 | 159.19 | 173.94 | 155.33 | 164.98 | 168.78 | 197.89 | 174.44 | 165.91 | 160.5 | 171.98 | 140.63 | 156.62 | 141.93 | 121.71 | 99.79 |
| Short-Term Debt | 513.28M | 514.12M | 75.69M | 74.56M | 409.95M | 1.07B | 1.01B | 8.51M | 108.39M | 629.01M | 2.27M | 2.53M | 2.71M | 226.12M | 2.03M | 0 | 718.15M | 516.49M | 726.43M | 588.37M |
| Deferred Revenue (Current) | 185.94M | 22.88M | 10.93M | 10.89M | 10.88M | 11.05M | 10.08M | 11.17M | 11.88M | 16.87M | 14.89M | 14.9M | 14.31M | 20.9M | 19.22M | 0 | 8.92M | 27.76M | 22.85M | 16.26M |
| Other Current Liabilities | 243.29M | 301.26M | 192.73M | 195.66M | 190.76M | 226.62M | 183.82M | 200.57M | 175.57M | 237.59M | 178.34M | 205.27M | 174.07M | 248.99M | 187.46M | 21.57M | 211.97M | 268.37M | 212.25M | 271.48M |
| Current Ratio | 1.09x | 1.34x | 1.43x | 1.30x | 1.18x | 1.09x | 1.11x | 1.68x | 1.51x | 0.76x | 1.79x | 1.28x | 1.26x | 1.00x | 1.20x | 1.14x | 0.68x | 0.60x | 0.58x | 0.79x |
| Quick Ratio | 1.08x | 1.33x | 1.41x | 1.29x | 1.17x | 1.09x | 1.11x | 1.68x | 1.50x | 0.76x | 1.78x | 1.28x | 1.26x | 0.99x | 1.20x | 1.14x | 0.64x | 0.60x | 0.58x | 0.78x |
| Cash Conversion Cycle | -54.54 | 14.64 | -40.49 | -77.65 | -69.87 | -88.32 | -100.73 | -82.17 | -91.12 | -97.45 | -125.93 | -101.44 | -91.4 | -82.4 | -92.2 | -60.53 | -78.07 | -70.68 | -49.08 | -29.6 |
| Total Non-Current Liabilities | 10.01B | 9.6B | 8.16B | 8.13B | 8.11B | 8.08B | 7.96B | 8.12B | 8.18B | 8.14B | 8.04B | 7.58B | 7.43B | 7.26B | 7.72B | 7.33B | 6.84B | 7.04B | 7.02B | 7.45B |
| Long-Term Debt | 8.18B | 8.29B | 6.91B | 6.91B | 6.9B | 6.9B | 6.9B | 7.11B | 7.24B | 7.25B | 7.25B | 6.82B | 6.69B | 6.57B | 7.03B | 6.66B | 6.19B | 6.4B | 6.4B | 6.81B |
| Capital Lease Obligations | 11.15M | 122.55M | 16.34M | 17.72M | 20.19M | 167.13M | 27.4M | 28.85M | 30.39M | 77.13M | 6.67M | 6.99M | 7.13M | 37.48M | 304K | 540K | 990K | 36.98M | 2.2M | 21.1M |
| Deferred Tax Liabilities | 111.9M | 111.28M | 31.91M | 31.69M | 31.39M | 29.68M | 29.65M | 15.73M | 15.7M | 15.47M | 15.38M | 15.28M | 15.35M | 14.42M | 14.18M | 0 | 13.56M | 12.43M | 24.47M | 23.47M |
| Other Non-Current Liabilities | 1.7B | 327.85M | 1.2B | 1.18B | 1.16B | 378.28M | 998.65M | 968.55M | 434.39M | 362.31M | 760.13M | 735.75M | 720.31M | 293.95M | 679.43M | 673.06M | 635.63M | 303.26M | 591.25M | 587.45M |
| Total Liabilities | 11.42B | 10.84B | 8.8B | 8.83B | 9.12B | 9.77B | 9.6B | 8.76B | 8.89B | 9.44B | 8.67B | 8.2B | 8.01B | 8.16B | 8.47B | 8.08B | 8.18B | 8.18B | 8.32B | 8.57B |
| Total Debt | 8.71B | 8.93B | 7B | 7B | 7.33B | 8.14B | 7.94B | 7.15B | 7.38B | 7.96B | 7.26B | 6.83B | 6.7B | 6.83B | 7.03B | 6.66B | 6.91B | 6.95B | 7.13B | 7.42B |
| Net Debt | 8.06B | 8.11B | 6.82B | 6.87B | 6.89B | 7.05B | 6.81B | 6.8B | 7.09B | 7.69B | 6.77B | 6.61B | 6.58B | 6.54B | 6.87B | 6.56B | 6.66B | 6.75B | 7.03B | 7.12B |
| Debt / Equity | 2.48x | 2.14x | 2.10x | 2.10x | 2.20x | 2.41x | 2.35x | 2.09x | 2.19x | 2.63x | 2.46x | 2.26x | 2.16x | 2.20x | 2.34x | 2.01x | 2.11x | 2.25x | 2.30x | 2.43x |
| Debt / EBITDA | 13.00x | 18.31x | 11.44x | 11.35x | 12.64x | 13.83x | 14.13x | 11.29x | 8.81x | 14.29x | 14.29x | 14.22x | 15.40x | 11.76x | 13.68x | 12.41x | 12.80x | 14.79x | 13.64x | 15.70x |
| Net Debt / EBITDA | 12.04x | 16.63x | 11.15x | 11.14x | 11.87x | 11.97x | 12.12x | 10.74x | 8.46x | 13.80x | 13.33x | 13.77x | 15.14x | 11.27x | 13.37x | 12.23x | 12.34x | 14.36x | 13.45x | 15.06x |
| Interest Coverage | 4.14x | 2.59x | 4.80x | 4.83x | 4.40x | 4.56x | 4.42x | 5.13x | 7.19x | 4.01x | 4.41x | 3.98x | 3.53x | 5.05x | 4.26x | 4.88x | 4.70x | 3.61x | 3.81x | 3.48x |
| Total Equity | 3.51B | 4.16B | 3.33B | 3.33B | 3.33B | 3.38B | 3.38B | 3.42B | 3.38B | 3.03B | 2.96B | 3.02B | 3.1B | 3.11B | 3.01B | 3.31B | 3.27B | 3.1B | 3.1B | 3.05B |
| Equity Growth % | 5.2% | 23.35% | -1.45% | -2.65% | -1.27% | 11.42% | 14.29% | 13.3% | 8.86% | -2.54% | -1.68% | -8.56% | -5.17% | 0.4% | -2.93% | 8.26% | 11.17% | 6.93% | 10.97% | 4% |
| Book Value per Share | 8.76 | 10.34 | 8.70 | 8.72 | 8.72 | 8.81 | 8.83 | 8.96 | 8.85 | 7.95 | 7.68 | 7.84 | 8.04 | 8.04 | 7.70 | 8.18 | 8.09 | 7.58 | 7.50 | 7.38 |
| Total Shareholders' Equity | 3.37B | 4.02B | 3.18B | 3.19B | 3.19B | 3.24B | 3.24B | 3.28B | 3.24B | 2.9B | 2.82B | 2.89B | 2.97B | 2.97B | 2.87B | 3.16B | 3.13B | 2.96B | 2.97B | 2.93B |
| Common Stock | 3.37B | 4.02B | 3.18B | 3.19B | 3.19B | 3.24B | 3.24B | 3.28B | 3.24B | 2.9B | 2.82B | 2.89B | 2.96B | 2.97B | 2.87B | 3.16B | 3.13B | 2.96B | 2.95B | 2.91B |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 141.2M | 141.89M | 146.46M | 144.47M | 140.16M | 139.56M | 140.69M | 140.78M | 139.42M | 131.71M | 131.46M | 133.1M | 134.59M | 136.41M | 138.13M | 140.68M | 141.85M | 137.69M | 130.5M | 125.81M |