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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Total revenues $ 279,457 $ 225,766 [1]
Equity income, net 9,251 [2],[3] 3,968 [1],[2],[3]
Operating expenses    
Cost of product 91,950 [4] 83,083 [1],[4]
Operation and maintenance 40,532 [4] 36,739 [1],[4]
General and administrative 9,386 [4] 8,929 [1],[4]
Property and other taxes 7,041 5,785 [1]
Depreciation, amortization and impairments 40,612 32,440 [1]
Total operating expenses 189,521 166,976 [1]
Operating income 99,187 62,758 [1]
Interest income, net - affiliates 4,225 4,225 [1]
Interest expense (13,961) (11,811) [1]
Other income, net 496 727 [1]
Income before income taxes 89,947 55,899 [1]
Income tax (benefit) expense (228) 4,166 [1]
Net income 90,175 51,733 [1]
Net income attributable to noncontrolling interest 40,634 19,361 [1]
Net income attributable to Western Gas Equity Partners, LP 49,541 32,372 [1]
Limited partners' interest in net income:    
Pre-acquisition net (income) loss allocated to Anadarko 956 (5,458) [1]
Limited partners' interest in net income 50,497 [5] 26,914 [1],[5]
Affiliated Entity [Member]
   
Revenues    
Gathering, processing and transportation of natural gas and natural gas liquids 85,161 65,899 [1]
Natural gas, natural gas liquids and condensate sales 120,400 111,670 [1]
Other, net 729 0 [1]
Total revenues 206,290 [6] 177,569 [1],[6]
Operating expenses    
Cost of product 16,634 [6] 31,929 [6]
Operation and maintenance 11,099 [7] 13,366 [7]
General and administrative 6,993 [8] 6,088 [8]
Total operating expenses 34,726 51,383
Third Parties [Member]
   
Revenues    
Gathering, processing and transportation of natural gas and natural gas liquids 56,288 36,991 [1]
Natural gas, natural gas liquids and condensate sales 16,038 10,059 [1]
Other, net 841 1,147 [1]
Total revenues $ 73,167 $ 48,197 [1]
Limited Partner [Member] | Common Units [Member]
   
Limited partners' interest in net income:    
Net income per common unit - basic and diluted $ 0.23 $ 0.12 [1]
Weighted average common units outstanding - basic and diluted 218,903 218,896 [1]
[1] Financial information has been recast to include the financial position and results attributable to the TEFR Interests. See Note 1 and Note 2.
[2] Income earned from equity investments is classified as affiliate. See Note 1.
[3] Income earned on, distributions from and contributions to equity investments are classified as affiliate. See Note 1.
[4] Cost of product includes product purchases from Anadarko (as defined in Note 1) of $16.6 million and $31.9 million for the three months ended March 31, 2014 and 2013, respectively. Operation and maintenance includes charges from Anadarko of $11.1 million and $13.4 million for the three months ended March 31, 2014 and 2013, respectively. General and administrative includes charges from Anadarko of $7.0 million and $6.1 million for the three months ended March 31, 2014 and 2013, respectively. See Note 5.
[5] Represents net income earned on and subsequent to the date of acquisition of WES assets (as defined in Note 1). See Note 4
[6] Represents amounts recognized under gathering, treating or processing agreements, and purchase and sale agreements.
[7] Represents expenses incurred on and subsequent to the date of the acquisition of WES assets, as well as expenses incurred by Anadarko on a historical basis related to WES assets prior to the acquisition of such assets by WES.
[8] Represents general and administrative expense incurred on and subsequent to the date of WES’s acquisition of WES assets, as well as a management services fee for reimbursement of expenses incurred by Anadarko for periods prior to the acquisition of WES assets by WES. These amounts include equity-based compensation expense allocated to by Anadarko (see WES LTIP and WGP LTIP and Anadarko Incentive Plans within this Note 5) and amounts charged by Anadarko under the WGP omnibus agreement.