Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||||
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Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
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Revenues and other | ||||||||||
Revenues and other | [1] | $ 763,840 | $ 679,044 | $ 2,157,945 | $ 2,125,112 | |||||
Equity income, net – related parties | 48,506 | 61,026 | 159,337 | 176,788 | ||||||
Operating expenses | ||||||||||
Cost of product | 83,232 | 31,739 | 250,245 | 153,611 | ||||||
Operation and maintenance | 140,838 | 132,293 | 434,198 | 436,670 | ||||||
General and administrative | 50,409 | 41,578 | 139,973 | 118,466 | ||||||
Property and other taxes | 13,641 | 19,392 | 45,992 | 57,263 | ||||||
Depreciation and amortization | 139,002 | 132,564 | 407,404 | 384,688 | ||||||
Long-lived asset and other impairments | 1,594 | 34,640 | 29,198 | 200,575 | ||||||
Goodwill impairment | 0 | 0 | 0 | 441,017 | ||||||
Total operating expenses | [2] | 428,716 | 392,206 | 1,307,010 | 1,792,290 | |||||
Gain (loss) on divestiture and other, net | (364) | (768) | 278 | (3,651) | ||||||
Operating income (loss) | 383,266 | 347,096 | 1,010,550 | 505,959 | ||||||
Interest income – Anadarko note receivable | 0 | 3,286 | 0 | 11,736 | ||||||
Interest expense | (93,257) | (95,571) | (287,040) | (278,811) | ||||||
Gain (loss) on early extinguishment of debt | (24,655) | 1,632 | (24,944) | 10,372 | ||||||
Other income (expense), net | 110 | 720 | (1,013) | 612 | ||||||
Income (loss) before income taxes | 265,464 | 257,163 | 697,553 | 249,868 | ||||||
Income tax expense (benefit) | 1,826 | 3,028 | 4,403 | 3,792 | ||||||
Net income (loss) | 263,638 | 254,135 | 693,150 | 246,076 | ||||||
Net income (loss) attributable to noncontrolling interests | 7,913 | 7,524 | 20,375 | (17,045) | ||||||
Net income (loss) attributable to Western Midstream Partners, LP | 255,725 | 246,611 | 672,775 | 263,121 | ||||||
Limited partners' interest in net income (loss): | ||||||||||
Net income (loss) attributable to Western Midstream Partners, LP | 255,725 | 246,611 | 672,775 | 263,121 | ||||||
General partner interest in net (income) loss | (5,527) | (5,132) | (14,484) | (5,462) | ||||||
Limited partners' interest in net income (loss) | [3] | $ 250,198 | $ 241,479 | $ 658,291 | $ 257,659 | |||||
Net income (loss) per common unit - basic | [3] | $ 0.61 | $ 0.55 | $ 1.60 | $ 0.58 | |||||
Net income (loss) per common unit - diluted | [3] | $ 0.61 | $ 0.55 | $ 1.59 | $ 0.58 | |||||
Weighted-average common units outstanding - basic | [3] | 411,909 | 438,857 | 412,690 | 442,255 | |||||
Weighted-average common units outstanding - diluted | [3] | 412,714 | 438,926 | 413,150 | 442,275 | |||||
Service Revenues - Fee Based [Member] | ||||||||||
Revenues and other | ||||||||||
Revenues and other | $ 650,482 | $ 636,522 | $ 1,841,742 | $ 1,980,546 | ||||||
Service Revenues - Product Based [Member] | ||||||||||
Revenues and other | ||||||||||
Revenues and other | 28,812 | 12,316 | 88,267 | 35,237 | ||||||
Product Sales [Member] | ||||||||||
Revenues and other | ||||||||||
Revenues and other | 84,298 | 30,106 | 227,359 | 108,491 | ||||||
Other [Member] | ||||||||||
Revenues and other | ||||||||||
Revenues and other | $ 248 | $ 100 | $ 577 | $ 838 | ||||||
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income earned from interest-bearing assets owed to the entity by related party. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate amount of net income allocated to general partners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate amount of net income allocated to limited partners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per unit of ownership amount after tax of income (loss) available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for dilutive potential units outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per unit of ownership amount after tax of income (loss) available to outstanding limited partnership (LP) unit-holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Used in the calculation of diluted net income or loss per limited partnership unit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The gains and losses included in earnings resulting from the sale, disposal, or write-down of tangible assets; minerals revenue; and other, net. No definition available.
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