Western Midstream Partners LP

NYSE:WESUnited States

04:28 PM EST, 11/06/2024 (MT Newswires) -- ...

activities $ 551,288 $ 631,418 Less: Capital expenditures 189,434 211,864 Add: Distributions from equity investments in excess of cumulative earnings -- related parties 3,257 5,270 ---------------------------------- ------------------ ------------------ Free cash flow $ 365,111 $ 424,824 ---------------------------------- ------------------ ------------------ Cash flow information Net cash provided by operating activities $ 551,288 $ 631,418 Net cash provided by (used in) investing activities (190,701) (14,995) Net cash provided by (used in) financing activities 420,031 (567,550) ---------------------------------- ------------------ ------------------ Western Midstream Partners, LP OPERATING STATISTICS (Unaudited) Three Months Ended September 30, June 30, Inc/ 2024 2024 (Dec) ----------------- --------------------- --------------------- ------ Throughput for natural-gas assets (MMcf/d) Gathering, treating, and transportation 388 438 (11) % Processing 4,298 4,209 2 % Equity investments (1) 503 508 (1) % ------------------ --------------------- --------------------- ------ Total throughput 5,189 5,155 1 % Throughput attributable to noncontrolling interests (2) 173 167 4 % ------------------ --------------------- --------------------- ------ Total throughput attributable to WES for natural-gas assets 5,016 4,988 1 % ------------------ --------------------- --------------------- ------ Throughput for crude-oil and NGLs assets (MBbls/d) Gathering, treating, and transportation 393 396 (1) % Equity investments (1) 124 130 (5) % ------------------ --------------------- --------------------- ------ Total throughput 517 526 (2) % Throughput attributable to noncontrolling interests (2) 11 11 -- % ------------------ --------------------- --------------------- ------ Total throughput attributable to WES for crude-oil and NGLs assets 506 515 (2) % ------------------ --------------------- --------------------- ------ Throughput for produced-water assets (MBbls/d) Gathering and disposal 1,121 1,102 2 % Throughput attributable to noncontrolling interests (2) 22 22 -- % ------------------ --------------------- --------------------- ------ Total throughput attributable to WES for produced-water assets 1,099 1,080 2 % ------------------ --------------------- --------------------- ------ Per-Mcf Gross margin for natural-gas assets (3) $ 1.07 $ 1.10 (3) % Per-Bbl Gross margin for crude-oil and NGLs assets (3) 2.05 2.02 1 % Per-Bbl Gross margin for produced-water assets (3) 0.81 0.82 (1) % Per-Mcf Adjusted gross margin for natural-gas assets (4) $ 1.29 $ 1.33 (3) % Per-Bbl Adjusted gross margin for crude-oil and NGLs assets (4) 2.88 2.96 (3) % Per-Bbl Adjusted gross margin for produced-water assets (4) 0.96 0.97 (1) % ------------------ --------------------- --------------------- ------ (1) Represents our share of average throughput for investments accounted for under the equity method of accounting. (2) Includes (i) the 2.0% limited partner interest in WES Operating owned by an Occidental subsidiary and (ii) for natural-gas assets, the 25% third-party interest in Chipeta, which collectively represent WES's noncontrolling interests. (3) Average for period. Calculated as Gross margin for natural-gas assets, crude-oil and NGLs assets, or produced-water assets, divided by the respective total throughput (MMcf or MBbls) for natural-gas assets, crude-oil and NGLs assets, or produced-water assets. (4) Average for period. Calculated as Adjusted gross margin for natural-gas assets, crude-oil and NGLs assets, or produced-water assets, divided by the respective total throughput (MMcf or MBbls) attributable to WES for natural-gas assets, crude-oil and NGLs assets, or produced-water assets. Western Midstream Partners, LP OPERATING STATISTICS (CONTINUED) (Unaudited) Three Months Ended -------------------------------- September 30, June 30, Inc/ 2024 2024 (Dec) ------------------------------------- ------------- -------- ------- Throughput for natural-gas assets (MMcf/d) Operated Delaware Basin 1,889 1,858 2 % DJ Basin 1,418 1,452 (2) % Powder River Basin 505 426 19 % Other 874 898 (3) % -------------------------------------- ------------- -------- ------- Total operated throughput for natural-gas assets 4,686 4,634 1 % -------------------------------------- ------------- -------- ------- Non-operated Equity investments 503 508 (1) % Other -- 13 (100) % -------------------------------------- ------------- -------- ------- Total non-operated throughput for natural-gas assets 503 521 (3) % -------------------------------------- ------------- -------- ------- Total throughput for natural-gas assets 5,189 5,155 1 % -------------------------------------- ------------- -------- ------- Throughput for crude-oil and NGLs assets (MBbls/d) Operated Delaware Basin 246 241 2 % DJ Basin 87 91 (4) % Powder River Basin 26 25 4 % Other 34 39 (13) % -------------------------------------- ------------- -------- ------- Total operated throughput for crude-oil and NGLs assets 393 396 (1) % -------------------------------------- ------------- -------- ------- Non-operated Equity investments 124 130 (5) % -------------------------------------- ------------- -------- ------- Total non-operated throughput for crude-oil and NGLs assets 124 130 (5) % -------------------------------------- ------------- -------- ------- Total throughput for crude-oil and NGLs assets 517 526 (2) % -------------------------------------- ------------- -------- ------- Throughput for produced-water assets (MBbls/d) Operated Delaware Basin 1,121 1,102 2 % Total operated throughput for produced-water assets 1,121 1,102 2 % -------------------------------------- ------------- -------- -------