Wed, May 7, 8:29 PM (5 days ago)
**Western Midstream Partners, LP (WES) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $917.1 million, up from $887.7 million in Q1 2024. - **Net Income:** $316.6 million, down from $586.2 million in Q1 2024. - **Profit Margins:** Decreased due to lower gains on divestitures and higher operating expenses. - **Cash Flow:** Operating cash flow was $530.8 million, up from $399.7 million in Q1 2024. - **Earnings Changes:** Net income decreased by 46.1% year-over-year. - **Debt:** Outstanding debt is $7.3 billion, with $2.0 billion in borrowing capacity under the RCF. **Quarterly Performance:** - **Revenue Growth:** Driven by increased throughput and higher average fees. - **Operating Expenses:** Increased by 11% year-over-year, primarily due to higher equipment, utility, and maintenance costs. - **Capital Expenditures:** $142.4 million, down from $193.8 million in Q1 2024. **Trends and Uncertainties:** - **Producer Activity:** Volatile due to commodity price fluctuations and operational challenges. - **Inflation:** Increased costs for steel, automation, labor, and materials. - **Interest Rates:** Potential increases could affect financing costs and unit prices. **Future Operations Impact:** - **Debt Repayment:** WES Operating retired $663.8 million in senior notes. - **Capital Projects:** Focus on expansion and asset integrity in key complexes. - **Liquidity:** Maintained through cash flows, RCF, and commercial paper program. **Ticker:** WES **Full Name:** Western Midstream Partners, LP