Consolidated Statements of Income (USD $)
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12 Months Ended | |||||||||||||||||||||||||
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2011
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Revenues | ||||||||||||||||||||||||||
Total revenues | $ 1,029,763,000 | [1] | $ 894,476,000 | [1] | $ 858,144,000 | [1] | ||||||||||||||||||||
Equity income, net | 22,948,000 | [1],[2],[3] | 16,042,000 | [1],[2],[3] | 11,261,000 | [1],[2],[3] | ||||||||||||||||||||
Operating expenses | ||||||||||||||||||||||||||
Cost of product | 364,285,000 | [1],[4] | 336,079,000 | [1],[4] | 327,371,000 | [1],[4] | ||||||||||||||||||||
Operation and maintenance | 168,657,000 | [1],[4] | 140,106,000 | [1],[4] | 126,464,000 | [1],[4] | ||||||||||||||||||||
General and administrative | 33,464,000 | [1],[4] | 99,728,000 | [1],[4] | 40,564,000 | [1],[4] | ||||||||||||||||||||
Property and other taxes | 23,244,000 | [1] | 19,688,000 | [1] | 16,579,000 | [1] | ||||||||||||||||||||
Depreciation, amortization and impairments | 145,916,000 | [1] | 120,608,000 | [1] | 113,133,000 | [1] | ||||||||||||||||||||
Total operating expenses | 735,566,000 | [1] | 716,209,000 | [1] | 624,111,000 | [1] | ||||||||||||||||||||
Operating income | 317,145,000 | [1] | 194,309,000 | [1] | 245,294,000 | [1] | ||||||||||||||||||||
Interest income, net - affiliates | 16,900,000 | [1] | 16,900,000 | [1] | 24,106,000 | [1] | ||||||||||||||||||||
Interest expense | (51,797,000) | [1],[5] | (42,060,000) | [1],[5] | (30,345,000) | [1],[5] | ||||||||||||||||||||
Other income (expense), net | 1,935,000 | [1] | 292,000 | [1] | (44,000) | [1] | ||||||||||||||||||||
Income before income taxes | 284,183,000 | [1] | 169,441,000 | [1] | 239,011,000 | [1] | ||||||||||||||||||||
Income tax expense | 2,305,000 | [1] | 48,884,000 | [1] | 58,796,000 | [1] | ||||||||||||||||||||
Net income | 281,878,000 | [1] | 120,557,000 | [1] | 180,215,000 | [1] | ||||||||||||||||||||
Net income attributable to noncontrolling interest | 122,173,000 | [1] | 59,181,000 | [1] | 86,057,000 | [1] | ||||||||||||||||||||
Net income attributable to Western Gas Equity Partners, LP | 159,705,000 | [1] | 61,376,000 | [1] | 94,158,000 | [1] | ||||||||||||||||||||
Limited partners' interest in net income: | ||||||||||||||||||||||||||
Net (income) loss allocated | (4,128,000) | [1] | (1,707,000) | [1] | ||||||||||||||||||||||
Limited partners' interest in net income | 155,528,000 | [1] | 2,809,000 | [1] | ||||||||||||||||||||||
Affiliated Entity [Member]
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Revenues | ||||||||||||||||||||||||||
Gathering, processing and transportation of natural gas and natural gas liquids | 306,810,000 | [1] | 249,997,000 | [1] | 227,535,000 | [1] | ||||||||||||||||||||
Natural gas, natural gas liquids and condensate sales | 496,848,000 | [1] | 436,423,000 | [1] | 417,547,000 | [1] | ||||||||||||||||||||
Other, net | 1,868,000 | [1] | 1,606,000 | [1] | 2,337,000 | [1] | ||||||||||||||||||||
Total revenues | 805,526,000 | [1],[6] | 688,026,000 | [1],[6] | 647,419,000 | [1],[6] | ||||||||||||||||||||
Operating expenses | ||||||||||||||||||||||||||
Cost of product | 129,045,000 | [6] | 145,250,000 | [6] | 83,722,000 | [6] | ||||||||||||||||||||
Operation and maintenance | 56,435,000 | [7] | 51,237,000 | [7] | 51,339,000 | [7] | ||||||||||||||||||||
General and administrative | 24,235,000 | [8] | 92,887,000 | [8] | 33,305,000 | [8] | ||||||||||||||||||||
Total operating expenses | 209,715,000 | 289,374,000 | 168,366,000 | |||||||||||||||||||||||
Interest expense | 0 | [9] | (2,766,000) | [9] | (4,935,000) | [9] | ||||||||||||||||||||
Third Parties [Member]
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Revenues | ||||||||||||||||||||||||||
Gathering, processing and transportation of natural gas and natural gas liquids | 175,732,000 | [1] | 132,333,000 | [1] | 119,934,000 | [1] | ||||||||||||||||||||
Natural gas, natural gas liquids and condensate sales | 44,396,000 | [1] | 71,916,000 | [1] | 84,836,000 | [1] | ||||||||||||||||||||
Other, net | 4,109,000 | [1] | 2,201,000 | [1] | 5,955,000 | [1] | ||||||||||||||||||||
Total revenues | 224,237,000 | [1] | 206,450,000 | [1] | 210,725,000 | [1] | ||||||||||||||||||||
Operating expenses | ||||||||||||||||||||||||||
Interest expense | (51,797,000) | (39,294,000) | (25,410,000) | |||||||||||||||||||||||
Limited Partner [Member] | Common Units [Member]
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Limited partners' interest in net income: | ||||||||||||||||||||||||||
Net income per common unit - basic and diluted | $ 0.71 | [1],[10] | $ 0.01 | [1],[10] | ||||||||||||||||||||||
Weighted average common units outstanding - basic and diluted | 218,896,000 | [1],[10] | 218,896,000 | [1],[10] | ||||||||||||||||||||||
IPO [Member]
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Limited partners' interest in net income: | ||||||||||||||||||||||||||
Net (income) loss allocated | $ (49,000) | [1] | $ (56,860,000) | [1] | ||||||||||||||||||||||
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