Western Midstream Partners, LP cash flow statement
In fiscal 2025, Western Midstream Partners, LP's operations generated $2.22bn of cash; it spent $728m on capital projects, leaving free cash flow of $1.49bn. It returned $1.43bn in dividends.
Cash flow statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 259 | 277 | 489 | 691 | 783 | 913 | 1,043 | 1,348 | 1,324 | 1,637 | 1,767 | 1,701 | 1,661 | 2,137 | 2,223 | 2,132 |
| Depreciation and amortisation | 113 | 121 | 150 | 212 | 273 | 273 | 319 | 389 | 483 | 491 | 552 | 582 | 601 | 650 | 711 | 775 |
| Stock-based pay | 3 | 4 | 4 | 4 | 4 | 5 | 5 | 6 | 15 | 22 | 28 | 28 | 32 | 38 | 51 | 56 |
| Capital spending | 150 | 638 | 78 | 805 | 638 | 480 | 1,028 | 1,949 | 1,189 | 424 | 314 | 487 | 735 | 834 | 728 | 913 |
| Free cash flow | 109 | −361 | 411 | −114 | 145 | 433 | 14 | −600 | 135 | 1,214 | 1,453 | 1,214 | 926 | 1,303 | 1,495 | 1,219 |
| Free cash flow after stock pay | 106 | −364 | 407 | −118 | 140 | 428 | 9 | −607 | 119 | 1,191 | 1,426 | 1,186 | 894 | 1,265 | 1,444 | 1,163 |
| Dividends paid | 0 | 0 | 137 | 228 | 306 | 374 | 442 | 502 | 969 | 696 | 534 | 736 | 978 | 1,246 | 1,431 | 1,489 |
| Share buybacks | — | — | — | — | — | — | — | 0 | 0 | 33 | 217 | 488 | 135 | 0 | 0 | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 551 | 554 | 531 | 564 | 570 | 558 | 470 | 535 |
| Depreciation and amortisation | 166 | 163 | 170 | 172 | 170 | 198 | 200 | 206 |
| Stock-based pay | 9 | 9 | 8 | 11 | 10 | 21 | 11 | 14 |
| Capital spending | 189 | 239 | 142 | 179 | 185 | 222 | 236 | 270 |
| Free cash flow | 362 | 316 | 388 | 385 | 385 | 335 | 234 | 264 |
| Free cash flow after stock pay | 353 | 306 | 380 | 375 | 375 | 314 | 223 | 251 |
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