Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.80B | $2.43B | $2.31B | $2.75B | $2.55B | $2.70B | $3.25B | $3.11B | $3.60B | $3.84B |
| Revenue growth | — | 34.7% | -5.1% | 19.1% | -7.2% | 5.9% | 20.5% | -4.5% | 16.1% | 6.6% |
| Operating income | $705M | $802M | $861M | $1.23B | $879M | $1.34B | $1.59B | $1.38B | $1.97B | $1.60B |
| Operating margin | 39.0% | 33.0% | 37.4% | 44.9% | 34.5% | 49.5% | 48.8% | 44.4% | 54.7% | 41.7% |
| Net income | $346M | $541M | $552M | $697M | $527M | $916M | $1.22B | $1.02B | $1.57B | $1.18B |
| Net margin | 19.2% | 22.3% | 23.9% | 25.4% | 20.7% | 34.0% | 37.4% | 32.9% | 43.7% | 30.7% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $913M | $1.04B | $1.35B | $1.32B | $1.64B | $1.77B | $1.70B | $1.66B | $2.14B | $2.22B |
| Share buybacks | — | — | $0.00 | $0.00 | $32.5M | $217M | $488M | $135M | $0.00 | $0.00 |
| Dividends paid | $374M | $442M | $502M | $969M | $696M | $534M | $736M | $978M | $1.25B | $1.43B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $359M | $79.6M | $92.1M | $100.0M | $445M | $202M | $287M | $273M | $1.09B | $819M |
| Total assets | $7.74B | $8.02B | $11.5B | $12.3B | $11.8B | $11.3B | $11.3B | $12.5B | $13.1B | $15.0B |
| Total liabilities | $3.63B | $4.07B | $6.56B | $9.00B | $8.93B | $8.18B | $8.16B | $9.44B | $9.77B | $10.8B |
| Long-term debt | $3.12B | $3.49B | $4.79B | $7.95B | — | — | — | — | — | — |
Every figure is extracted from Western Midstream Partners, LP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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