$WES
Western Midstream Partners, LP Stock $wes

$wes Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000142390217000033 Filed on July 26, 2017

Income Statement

Concept	2017 Q3	2017 Q2	2016 Q2
Revenue	$574.7M	$525.5M	$428.7M
YoY Change	19.32%	22.58%	-8.01%
Cost Of Revenue	$239.2M	$203.3M	$104.8M
YoY Change	64.3%	93.97%	-28.8%
Gross Profit	$335.5M	$322.2M	$323.8M
YoY Change	-0.16%	-0.5%	1.57%
Gross Profit Margin	58.37%	61.31%	75.54%
Selling, General & Admin	$103.7M	$99.30M	$99.20M
YoY Change	6.36%	0.1%	1.64%
% of Gross Profit	30.91%	30.82%	30.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$72.54M	$74.03M	$67.31M
YoY Change	7.87%	9.99%	-1.82%
% of Gross Profit	21.62%	22.98%	20.79%
Operating Expenses	$176.2M	$173.3M	$166.5M
YoY Change	6.92%	4.08%	0.18%
Operating Profit	$178.7M	$207.0M	$175.3M
YoY Change	-9.09%	18.05%	3.2%
Interest Expense	$36.12M	$36.30M	$13.43M
YoY Change	15.39%	170.29%	-51.35%
% of Operating Profit	20.21%	17.54%	7.66%
Other Income/Expense, Net	$311.0K	$272.0K	-$36.00K
YoY Change	88.48%	-855.56%	-145.0%
Pretax Income	$147.1M	$175.2M	$166.1M
YoY Change	-13.28%	5.47%	13.29%
Income Tax	$510.0K	$843.0K	$326.0K
% Of Pretax Income	0.35%	0.48%	0.2%
Net Earnings	$96.20M	$104.9M	$88.86M
YoY Change	5.26%	18.1%	1.38%
Net Earnings / Revenue	16.74%	19.97%	20.73%
Basic Earnings Per Share
Diluted Earnings Per Share	$439.5K	$479.2K	$406.1K
COMMON SHARES
Basic Shares Outstanding	218.9M shares	218.9M shares	218.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q3	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$153.0M	$189.0M	$160.0M
YoY Change	4.79%	18.13%	79.78%
Cash & Equivalents	$153.0M	$188.8M	$159.7M
Short-Term Investments
Other Short-Term Assets	$13.50M	$10.45M	$6.011M
YoY Change	44.45%	73.81%	-50.0%
Inventory	$8.000M	$9.000M	$4.000M
Prepaid Expenses
Receivables	$192.4M	$136.4M	$177.2M
Other Receivables	$3.000M	$1.000M	$46.00M
Total Short-Term Assets	$359.0M	$335.7M	$387.2M
YoY Change	-2.92%	-13.3%	41.45%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.508B	$5.348B	$5.002B
YoY Change	9.48%	6.91%	4.59%
Goodwill	$417.6M	$417.6M	$419.2M
YoY Change	-0.38%	-0.38%	6.65%
Intangibles	$782.4M	$789.5M	$817.9M
YoY Change	-3.51%	-3.48%	-3.36%
Long-Term Investments	$573.6M	$581.2M	$606.1M
YoY Change	-4.28%	-4.12%	-3.92%
Other Assets	$15.63M	$16.03M	$15.28M
YoY Change	5.75%	4.93%	-50.99%
Total Long-Term Assets	$7.557B	$7.412B	$7.121B
YoY Change	5.91%	4.09%	2.54%
TOTAL ASSETS
Total Short-Term Assets	$359.0M	$335.7M	$387.2M
Total Long-Term Assets	$7.557B	$7.412B	$7.121B
Total Assets	$7.916B	$7.748B	$7.508B
YoY Change	5.48%	3.2%	4.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$303.0M	$198.0M	$91.00M
YoY Change	200.0%	117.58%	102.22%
Accrued Expenses	$57.70M	$56.98M	$130.2M
YoY Change	-52.85%	-56.22%	-13.04%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$393.6M	$277.5M	$241.7M
YoY Change	54.59%	14.82%	13.4%
LONG-TERM LIABILITIES
Long-Term Debt	$3.372B	$3.281B	$2.960B
YoY Change	14.87%	10.85%	10.57%
Other Long-Term Liabilities	$146.0M	$143.0M	$166.0M
YoY Change	-6.41%	-13.86%	-44.67%
Total Long-Term Liabilities	$3.528B	$3.434B	$3.132B
YoY Change	13.9%	9.62%	5.01%
TOTAL LIABILITIES
Total Short-Term Liabilities	$393.6M	$277.5M	$241.7M
Total Long-Term Liabilities	$3.528B	$3.434B	$3.132B
Total Liabilities	$3.922B	$3.711B	$3.374B
YoY Change	16.99%	10.0%	5.57%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.067B	$1.070B	$1.053B
YoY Change
Total Liabilities & Shareholders Equity	$7.916B	$7.748B	$7.508B
YoY Change	5.48%	3.2%	4.02%

Cashflow Statement

Concept	2017 Q3	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	$96.20M	$104.9M	$88.86M
YoY Change	5.26%	18.1%	1.38%
Depreciation, Depletion And Amortization	$72.54M	$74.03M	$67.31M
YoY Change	7.87%	9.99%	-1.82%
Cash From Operating Activities	$211.1M	$239.7M	$155.9M
YoY Change	-19.7%	53.75%	-11.87%
INVESTING ACTIVITIES
Capital Expenditures	-$158.7M	-$134.6M	-$118.9M
YoY Change	35.87%	13.2%	-20.84%
Acquisitions
YoY Change
Other Investing Activities	$7.100M	$23.80M	$8.900M
YoY Change	-75.43%	167.42%	-220.27%
Cash From Investing Activities	-$151.7M	-$110.7M	-$110.0M
YoY Change	72.58%	0.64%	-30.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-95.20M	-62.80M	2.300M
YoY Change	-49.47%	-2830.43%	-77.23%
NET CHANGE
Cash From Operating Activities	211.1M	239.7M	155.9M
Cash From Investing Activities	-151.7M	-110.7M	-110.0M
Cash From Financing Activities	-95.20M	-62.80M	2.300M
Net Change In Cash	-35.80M	66.20M	48.20M
YoY Change	167.16%	37.34%	64.51%
FREE CASH FLOW
Cash From Operating Activities	$211.1M	$239.7M	$155.9M
Capital Expenditures	-$158.7M	-$134.6M	-$118.9M
Free Cash Flow	$369.8M	$374.3M	$274.8M
YoY Change	-2.61%	36.21%	-15.99%

Facts In Submission

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	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001423902
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	dei	Entity Registrant Name EntityRegistrantName	Western Gas Equity Partners, LP
	dei	Trading Symbol TradingSymbol	WGP
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CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	88863000	USD
	us-gaap	Net Income Loss NetIncomeLoss	170679000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	104944000	USD
	us-gaap	Net Income Loss NetIncomeLoss	180884000	USD
CY2016Q2	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	88863000	USD
	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	159353000	USD
CY2017Q2	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	104944000	USD
	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	180884000	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	76914000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	112857000	USD
CY2017Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	69409000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	96130000	USD
	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	-183000	USD
CY2016Q4	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	30415000	USD
CY2017Q2	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	46000	USD
CY2016Q4	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	260000000	USD
CY2017Q2	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	260000000	USD
CY2016Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	75173000	USD
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	151386000	USD
CY2017Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	76148000	USD
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	149908000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	175343000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	327508000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	206996000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	344571000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	606000	USD
CY2017Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	7981000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	13498000	USD
CY2017Q2	us-gaap	Other Assets Current OtherAssetsCurrent	10448000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	15058000	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	16031000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-36000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	105000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	272000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	718000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-8870000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	2476000	USD
CY2016Q4	us-gaap	Partners Capital PartnersCapital	1048143000	USD
CY2017Q2	us-gaap	Partners Capital PartnersCapital	1070254000	USD
CY2016Q4	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	3062623000	USD
CY2017Q2	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	2966202000	USD
CY2016Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	4110766000	USD
CY2017Q2	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	4036456000	USD
	us-gaap	Partners Capital Other PartnersCapitalOther	238000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	255923000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	260480000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	181156000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	208803000	USD
	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	-139000	USD
	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	287000	USD
CY2016Q4	us-gaap	Prepaid Insurance PrepaidInsurance	2889000	USD
CY2017Q2	us-gaap	Prepaid Insurance PrepaidInsurance	559000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	10611000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	9221000	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	2944000	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	22977000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	556017000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	159989000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	165777000	USD
	us-gaap	Profit Loss ProfitLoss	283536000	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	174353000	USD
	us-gaap	Profit Loss ProfitLoss	277014000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6861942000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7354782000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5049932000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5347794000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	290000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2016Q2	us-gaap	Revenues Revenues	428664000	USD
	us-gaap	Revenues Revenues	811805000	USD
CY2017Q2	us-gaap	Revenues Revenues	525450000	USD
	us-gaap	Revenues Revenues	1041643000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2518000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2502000	USD
CY2016Q2	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	12093000	USD
	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	22443000	USD
CY2017Q2	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	11924000	USD
	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	24218000	USD
CY2016Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1006000	USD
CY2017Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	1634000	USD
	wgp	Above Market Component Of Swap Extensions AboveMarketComponentOfSwapExtensions	28670000	USD
	wgp	Contributions Of Equity Based Compensation From Parent ContributionsOfEquityBasedCompensationFromParent	2247000	USD
	wgp	Debt Activity Other DebtActivityOther	-1604000	USD
	wgp	Deferred Purchase Price Obligation Including Accretion And Revisions DeferredPurchasePriceObligationIncludingAccretionAndRevisions	-159524000	USD
	wgp	Deferred Purchase Price Obligation Including Accretion And Revisions DeferredPurchasePriceObligationIncludingAccretionAndRevisions	-4094000	USD
CY2016Q2	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	-1907000	USD
	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	-2539000	USD
CY2017Q2	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	15458000	USD
	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	134945000	USD
	wgp	Number Of Days Subsequent To Quarter End That Cash Is Required To Be Distributed NumberOfDaysSubsequentToQuarterEndThatCashIsRequiredToBeDistributed	P55D
	wgp	Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets	354000	USD
	wgp	Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets	-376000	USD
	wgp	Partners Capital Account Adjustment Preacquisition Contributions From Distributions To Affiliate PartnersCapitalAccountAdjustmentPreacquisitionContributionsFromDistributionsToAffiliate	30000	USD
	wgp	Partners Capital Account Deferred Purchase Price Obligation Change PartnersCapitalAccountDeferredPurchasePriceObligationChange	4165000	USD
CY2016Q2	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	0	USD
	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	11326000	USD
CY2017Q2	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	0	USD
	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	0	USD
CY2016Q2	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	9552000	USD
	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	16365000	USD
CY2017Q2	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	16373000	USD
	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	28670000	USD
	wgp	Proceeds From Payment For Affiliate ProceedsFromPaymentForAffiliate	-27459000	USD
	wgp	Proceeds From Payment For Affiliate ProceedsFromPaymentForAffiliate	30000	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-style:italic;">Use of estimates. </font><font style="font-family:inherit;font-size:10.5pt;">In preparing financial statements in accordance with GAAP, management makes informed judgments and estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Management evaluates its estimates and related assumptions regularly, using historical experience and other methods considered reasonable. Changes in facts and circumstances or additional information may result in revised estimates and actual results may differ from these estimates. Effects on the business, financial condition and results of operations resulting from revisions to estimates are recognized when the facts that give rise to the revisions become known. The information furnished herein reflects all normal recurring adjustments which are, in the opinion of management, necessary for a fair presentation of the consolidated financial statements, and certain prior-period amounts have been reclassified to conform to the current-year presentation.</font></div></div>

Files In Submission

Name	View Source	Status
0001423902-17-000033-index-headers.html	Edgar Link	pending
0001423902-17-000033-index.html	Edgar Link	pending
0001423902-17-000033.txt	Edgar Link	pending
0001423902-17-000033-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
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wgp-20170630.xml	Edgar Link	completed
wgp-20170630.xsd	Edgar Link	pending
wgp-20170630_cal.xml	Edgar Link	unprocessable
wgp-20170630_def.xml	Edgar Link	unprocessable
wgp-20170630_lab.xml	Edgar Link	unprocessable
wgp-20170630_pre.xml	Edgar Link	unprocessable
wgp201710-qxq2.htm	Edgar Link	pending
wgp201710-qxq2xex311.htm	Edgar Link	pending
wgp201710-qxq2xex312.htm	Edgar Link	pending
wgp201710-qxq2xex321.htm	Edgar Link	pending

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$WES
Western Midstream Partners, LP Stock $wes

2017 Q3 Form 10-Q Financial Statement

#000142390217000033 Filed on July 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WES Western Midstream Partners, LP Stock $wes

2017 Q3 Form 10-Q Financial Statement

#000142390217000033 Filed on July 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WES
Western Midstream Partners, LP Stock $wes