Western Midstream Partners, LP
(NYSE:WES)

Western Midstream Partners, LP, together with its subsidiaries, acquire, own, develop, and operate midstream assets primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting of natural gas; gathering, stabilizing, and transporting of condensate,...

Website: http://www.westernmidstream.com

Founded: 2007

Sector: Energy

Industry: Oil & Gas Midstream

Energy Natural Gas Oil

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Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31

net income														315,171,000	317,670,000	250,849,000	263,638,000	238,277,000	191,235,000	270,776,000	254,135,000	281,341,000	-289,400,000	295,440,000	125,223,000	175,058,000	211,979,000	110,881,000	155,636,000	35,519,000	152,348,000	150,817,000	147,913,000	175,497,000	103,991,000	145,460,000	170,426,000	167,325,000	119,083,000	-427,063,000	163,494,000	113,338,000	86,794,000	94,409,000	106,540,000	98,482,000	91,127,000	89,228,000	81,776,000	62,060,000	52,888,000	-14,037,000	42,940,000	40,567,000	52,406,000	38,865,000	40,682,000	36,777,000	37,938,000	38,342,000	34,022,000	26,781,000	24,808,000	21,799,000	19,235,000	18,124,000	16,958,000	25,753,000	17,396,000	12,908,000	9,219,000
yoy														32.27%	66.11%	-7.36%	3.74%	-15.31%	-166.08%	-8.35%	102.95%	60.71%	-236.52%	166.45%	-19.54%	392.86%	39.14%	-26.48%	5.22%	-79.76%	46.50%	3.68%	-13.21%	4.88%	-12.67%	-134.06%	4.24%	47.63%	37.20%	-552.35%	53.46%	15.08%	-4.75%	5.81%	30.28%	58.69%	72.30%	-735.66%	90.44%	52.98%	0.92%	-136.12%	5.55%	10.31%	38.14%	1.36%	19.58%	37.32%	52.93%	75.89%	76.88%	47.77%	46.29%	-15.35%	10.57%	40.41%	83.95%
qoq														-0.79%	26.64%	-4.85%	10.64%	24.60%	-29.38%	6.55%	-9.67%	-197.22%	-197.96%	135.93%	-28.47%	-17.42%	91.18%	-28.76%	338.18%	-76.69%	1.02%	1.96%	-15.72%	68.76%	-28.51%	-14.65%	1.85%	40.51%	-127.88%	-361.21%	44.25%	30.58%	-8.07%	-11.39%	8.18%	8.07%	2.13%	9.11%	31.77%	17.34%	-476.78%	-132.69%	5.85%	-22.59%	34.84%	-4.47%	10.62%	-3.06%	-1.05%	12.70%	27.04%	7.95%	13.80%	13.33%	6.13%	6.88%	-34.15%	48.04%	34.77%	40.02%
net income margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	35.96%	41.89%	34.88%	34.51%	33.13%	28.33%	41.82%	37.43%	41.88%	-37.38%	40.85%	18.80%	25.55%	31.55%	19.88%	30.65%	8.15%	34.85%	23.86%	25.74%	33.40%	20.15%	28.48%	35.38%	39.03%	31.08%	-115.02%	42.45%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
limited partners’ interest in net income	331,730,000	333,750,000	301,837,000	325,854,000	281,772,000	369,841,000	559,500,000	281,630,000	270,843,000	247,100,000	198,959,000	328,577,000	259,501,000	299,550,000	301,934,000	238,186,000	250,198,000	226,295,000	181,798,000	258,249,000	241,479,000	267,576,000	-251,396,000	282,133,000	121,217,000	169,431,000	89,544,000													-471,809,000	111,093,000	64,607,000	39,833,000	54,348,000	71,619,000	66,985,000	63,557,000	63,979,000	59,707,000	44,810,000	32,370,000	-26,552,000	31,475,000	30,150,000	43,824,000	31,511,000	34,415,000
weighted-average common units outstanding
basic	381,330,000	381,328,000	380,986,000	380,397,000	380,513,000	380,491,000	380,024,000	383,028,000	383,561,000	384,614,000	384,468,000	394,951,000	388,906,000
dilutive effect of non-vested phantom units	1,458,000	998,000	1,508,000	212,000	2,107,000	1,762,000	1,604,000	247,000	1,211,000	896,000	1,282,000	83,000	1,412,000
diluted	382,788,000	382,326,000	382,494,000	266,000	382,620,000	382,253,000	381,628,000	-936,000	384,772,000	385,510,000	385,750,000	-3,309,000	390,318,000
excluded due to anti-dilutive effect		488,000	250,000	-2,052,000		172,000	279,000	-9,000	143,000	1,159,000	663,000	-43,000	108,000
net income per common unit
basic	870	880	790	860	740	970	1,470	740	710	640	520	850	670
diluted	870	870	790	850	740	970	1,470	740	700	640	520	850	660
statements of operations
thousands	2,025,000	2,025,000	2,025,000		2,024,000	2,024,000	2,024,000		2,023,000	2,023,000	2,023,000		2,022,000
revenues and other
service revenues – fee based	566,912,000	559,192,000	541,745,000	565,865,000	530,434,000	513,088,000	489,729,000	473,044,000	454,039,000	423,330,000	423,501,000	399,485,000	431,944,000	655,952,000	631,598,000	621,093,000	650,482,000	618,985,000	572,275,000	603,777,000	636,522,000	642,628,000	447,783,000	411,738,000	360,011,000	343,484,000	326,642,000	211,015,000	204,090,000	192,488,000	186,001,000
service revenues – product based	5,416,000	12,254,000	11,859,000	12,474,000	13,664,000	16,493,000	14,057,000	1,973,000	-234,000	6,642,000	8,116,000	8,610,000	24,246,000	70,498,000	40,867,000	34,317,000	28,812,000	27,803,000	31,652,000	13,132,000	12,316,000	7,000,000	2,978,000	4,992,000	84,000	634,000	1,352,000	1,020,000	701,000	285,000	242,000
product sales	13,639,000	4,801,000	4,798,000	4,062,000	1,109,000	4,510,000	-3,977,000	5,086,000	9,818,000	11,611,000	17,168,000	25,135,000	20,323,000	149,736,000	85,589,000	63,588,000	84,298,000	72,256,000	70,805,000	30,068,000	30,106,000	21,736,000	31,624,000	28,292,000	38,658,000	41,066,000	50,443,000	89,646,000	69,723,000	45,256,000	54,819,000
total revenues and other	585,967,000	576,247,000	558,402,000	582,401,000	545,207,000	534,091,000	499,809,000	480,103,000	463,623,000	441,583,000	448,785,000	433,230,000	476,513,000	876,419,000	758,297,000	719,210,000	763,840,000	719,131,000	674,974,000	647,480,000	679,044,000	671,755,000	774,313,000	723,210,000	666,027,000	685,054,000	671,883,000	557,793,000	507,762,000	435,949,000	437,168,000	632,018,000	574,695,000	525,450,000	516,193,000	510,820,000	481,645,000	428,664,000	383,141,000	371,290,000	385,101,000
yoy	7.48%	7.89%	11.72%	21.31%	17.60%	20.95%	11.37%	10.82%	-2.71%	-49.62%	-40.82%	-39.76%	-37.62%	21.87%	12.34%	11.08%	12.49%	7.05%	-12.83%	-10.47%	1.95%	-1.94%	15.25%	29.66%	31.17%	57.14%	53.69%	-11.74%	-11.65%	-17.03%	-15.31%	23.73%	19.32%	22.58%	34.73%	37.58%	25.07%
qoq	1.69%	3.20%	-4.12%	6.82%	2.08%	6.86%	4.10%	3.55%	4.99%	-1.60%	3.59%	-9.08%	-45.63%	15.58%	5.43%	-5.84%	6.22%	6.54%	4.25%	-4.65%	1.09%	-13.25%	7.07%	8.59%	-2.78%	1.96%	20.45%	9.85%	16.47%	-0.28%	-30.83%	9.97%	9.37%	1.79%	1.05%	6.06%	12.36%	11.88%	3.19%	-3.59%
equity income, net – related parties	16,847,000	27,128,000	20,435,000	28,158,000	23,977,000	27,431,000	32,819,000	36,120,000	35,494,000	42,324,000	39,021,000	44,095,000	41,317,000	48,464,000	49,607,000	45,308,000	48,506,000	58,666,000	52,165,000	49,962,000	61,026,000	54,415,000	61,347,000
operating expenses
cost of product	1,332,000	-9,028,000	-14,014,000	-20,729,000	-14,638,000	-4,635,000	-27,412,000	-16,689,000	-37,083,000	-15,184,000	-3,947,000	14,015,000	-7,771,000	148,556,000	72,848,000	72,040,000	83,232,000	78,044,000	88,969,000	34,477,000	31,739,000	18,602,000	103,270,000	109,507,000	97,800,000	122,877,000	114,063,000	128,403,000	105,966,000	68,149,000	77,799,000	276,834,000	239,223,000	203,277,000	189,359,000	167,235,000	145,643,000	104,849,000	76,467,000	114,057,000	127,721,000	146,293,000	137,920,000	119,528,000	108,393,000	118,085,000	91,950,000	94,226,000	93,516,000	93,460,000	83,083,000	81,360,000	89,107,000	82,456,000	83,156,000	69,425,000	68,675,000	62,317,000	46,820,000	39,126,000	37,443,000	24,955,000	32,578,000	13,657,000	12,888,000	9,489,000	12,528,000	120,469,000	3,913,000	3,258,000	3,760,000
operation and maintenance	1,833,000	1,560,000	1,921,000	1,915,000	2,523,000	4,703,000	1,439,000	2,125,000	843,000	903,000	747,000	1,207,000	3,231,000	168,153,000	128,976,000	147,102,000	140,838,000	153,028,000	140,332,000	144,204,000	132,293,000	145,186,000	159,191,000	173,387,000	176,572,000	148,431,000	142,829,000	114,518,000	111,359,000	100,628,000	88,279,000	86,550,000	79,536,000	76,148,000	73,760,000	81,869,000	74,755,000	75,173,000	76,213,000	78,134,000	80,633,000	56,827,000	56,149,000	54,241,000	53,657,000	50,875,000	40,532,000	47,492,000	42,757,000	41,669,000	36,739,000	34,303,000	33,261,000	33,882,000	29,898,000	27,126,000	27,012,000	23,639,000	20,862,000	19,448,000	19,414,000	13,735,000	15,167,000	11,060,000	11,741,000	10,371,000	9,236,000	18,100,000	9,376,000	8,732,000	8,559,000
general and administrative		179,000	31,000	51,000	45,000	254,000		-414,000	414,000	217,000	67,000	49,000	81,000	47,848,000	48,602,000	55,576,000	50,409,000	44,448,000	45,116,000	37,303,000	41,578,000	36,423,000	40,465,000	30,951,000	30,769,000	30,027,000	22,844,000	17,072,000	14,467,000	14,035,000	14,132,000	12,394,000	12,158,000	10,585,000	12,659,000	12,049,000	11,382,000	10,883,000	11,277,000	9,611,000	9,318,000	8,667,000	10,512,000	9,938,000	7,889,000	8,000,000	8,415,000	7,523,000	7,276,000	7,288,000	7,664,000	62,833,000	14,554,000	9,755,000	9,924,000	13,611,000	7,643,000	7,082,000	6,698,000	7,586,000	5,811,000	4,358,000	5,074,000	5,069,000	5,980,000	3,860,000	4,723,000	7,576,000	3,412,000	2,173,000	1,152,000
total operating expenses	3,165,000	-7,289,000	-12,062,000	-18,763,000	-12,070,000	322,000	-25,973,000	-14,978,000	-35,826,000	-14,064,000	-3,133,000	15,271,000	-4,459,000	526,345,000	403,450,000	438,563,000	428,716,000	444,074,000	434,220,000	336,773,000	392,206,000	349,561,000	1,050,523,000	451,612,000	451,443,000	437,531,000	410,357,000	442,816,000	350,616,000	400,601,000	269,582,000	470,060,000	416,830,000	379,143,000	522,516,000	345,709,000	312,088,000	272,691,000	245,920,000	763,012,000	291,703,000	286,523,000	283,396,000	241,489,000	222,154,000	227,819,000	188,550,000	193,330,000	187,813,000	184,999,000	165,711,000	219,177,000	169,778,000	158,082,000	154,401,000	136,167,000	130,391,000	118,723,000	97,897,000	87,070,000	85,404,000	59,403,000	69,271,000	41,476,000	42,701,000	34,243,000	36,865,000	169,531,000	25,148,000	25,694,000	21,597,000
consolidated statements of operations
other														233,000	243,000	212,000	248,000	87,000	242,000	503,000	100,000	391,000	347,000	275,250	338,000	366,000	397,000			223,000	219,000	7,254,000	8,822,000	1,191,000	1,854,000						870,000	132,000	170,000	729,000	2,778,000	842,000	729,000	779,000	1,287,000	896,000	1,147,000	484,000	610,000	507,000	600,000	1,636,000	613,000	103,000	750,000	1,788,000	866,000	1,016,000	551,000	169,000	199,000	145,000	462,000
property and other taxes														22,662,000	18,442,000	18,275,000	13,641,000	17,967,000	14,384,000	11,077,000	19,392,000	19,395,000	18,476,000	15,504,000	15,281,000	14,282,000	16,285,000	7,844,000	10,954,000	11,754,000	12,382,000	11,385,000	11,215,000	11,924,000	12,294,000	7,047,000	10,670,000	12,078,000	10,350,000	4,892,000	8,343,000	8,775,000	8,523,000	4,635,000	6,564,000	7,113,000	7,041,000	4,724,000	6,649,000	6,086,000	5,785,000	4,690,000	5,328,000	4,833,000	4,837,000	3,063,000	4,411,000	3,974,000	3,959,000	2,575,000	3,610,000	2,800,000	2,769,000	1,267,000	1,876,000	1,771,000	1,757,000	1,176,000	1,302,000	1,653,000	1,570,000
depreciation and amortization														139,036,000	134,582,000	144,225,000	139,002,000	137,849,000	130,553,000	106,398,000	132,564,000	119,805,000	132,319,000	120,278,000	127,914,000	121,117,000	113,946,000	99,349,000	82,553,000	78,792,000	76,842,000	74,602,000	72,539,000	74,031,000	69,702,000	73,287,000	67,246,000	67,305,000	65,095,000																							13,555,000	13,683,000	10,423,000	10,216,000	8,752,000	8,621,000
long-lived asset and other impairments														90,000		1,345,000	1,594,000	12,738,000	14,866,000	3,314,000	34,640,000
gain on divestiture and other														-1,150,000	370,000	-234,000	-364,000	1,225,000	-583,000	12,285,000	-768,000	-2,843,000	-40,000	-3,000	248,000	-1,061,000	-590,000	961,000	65,000	170,000	116,000	-2,629,000	72,000	15,458,000	119,487,000	-5,872,000	-6,230,000	-1,907,000	-632,000
operating income														397,388,000	404,824,000	325,721,000	383,266,000	334,948,000	292,336,000	372,954,000	347,096,000	373,766,000	-214,903,000	333,630,000	268,725,000	310,060,000	318,928,000	166,210,000	200,321,000	74,736,000	188,126,000	181,815,000	179,456,000	207,608,000	138,392,000	181,155,000	197,288,000	176,362,000	153,403,000	-399,832,000	192,618,000	134,830,000	109,918,000	112,922,000	123,374,000	115,133,000	100,158,000	97,291,000	90,188,000	70,127,000	64,036,000	-6,340,000	49,242,000	47,259,000	57,841,000	43,403,000	45,472,000	43,025,000	38,096,000	40,040,000	36,887,000	28,565,000	25,048,000	20,982,000	18,295,000	15,731,000	14,023,000	25,968,000	13,155,000	13,926,000	16,629,000
yoy														18.64%	38.48%	-12.66%	10.42%	-10.39%	-236.03%	11.79%	29.16%	20.55%	-167.38%	100.73%	34.15%	314.87%	69.53%	-8.58%	11.63%	-64.00%	35.94%	0.36%	-9.04%	17.72%	-9.79%	-145.31%	2.42%	30.80%	39.56%	-454.08%	56.13%	17.11%	9.74%	16.07%	36.80%	64.18%	56.41%	-1634.56%	83.15%	48.39%	10.71%	-114.61%	8.29%	9.84%	51.83%	8.40%	23.27%	50.62%	52.09%	90.83%	101.62%	81.58%	78.62%	-19.20%	39.07%	12.96%	-15.67%
qoq														-1.84%	24.29%	-15.01%	14.43%	14.58%	-21.62%	7.45%	-7.14%	-273.92%	-164.41%	24.15%	-13.33%	-2.78%	91.88%	-17.03%	168.04%	-60.27%	3.47%	1.31%	-13.56%	50.01%	-23.61%	-8.18%	11.87%	14.97%	-138.37%	-307.58%	42.86%	22.66%	-2.66%	-8.47%	7.16%	14.95%	2.95%	7.88%	28.61%	9.51%	-1110.03%	-112.88%	4.20%	-18.29%	33.26%	-4.55%	5.69%	12.94%	-4.86%	8.55%	29.13%	14.04%	19.38%	14.69%	16.30%	12.18%	-46.00%	97.40%	-5.54%	-16.25%
operating margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	45.34%	53.39%	45.29%	50.18%	46.58%	43.31%	57.60%	51.12%	55.64%	-27.75%	46.13%	40.35%	45.26%	47.47%	29.80%	39.45%	17.14%	43.03%	28.77%	31.23%	39.51%	26.81%	35.46%	40.96%	41.14%	40.04%	-107.69%	50.02%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
interest expense														-80,772,000	-85,455,000	-89,472,000	-93,257,000	-95,290,000	-98,493,000	-101,247,000	-95,571,000	-94,654,000	-88,586,000	-79,414,000	-78,524,000	-79,472,000	-65,876,000	-52,345,000	-47,991,000	-44,389,000	-39,283,000	-35,592,000	-35,544,000	-35,746,000	-35,504,000	-39,234,000	-30,768,000	-12,883,000	-32,036,000	-31,535,000	-31,773,000	-27,604,000	-22,960,000	-21,063,000	-20,878,000	-20,864,000	-13,961,000	-14,314,000	-13,018,000	-12,654,000	-11,811,000	-11,942,000	-10,977,000	-9,560,000	-9,581,000	-8,607,000	-8,931,000	-6,697,000	-6,111,000
gain on early extinguishment of debt														91,000			-24,655,000		-289,000	862,000	1,632,000	1,395,000	7,345,000
other income														-45,000	106,000	390,000	110,000	84,000	-1,207,000	413,000	720,000	1,653,000	-1,761,000	37,792,000	-67,894,000	-58,477,000	-35,206,000	-7,564,000	598,000	1,229,000	782,000	330,000	286,000	253,000	430,000	255,000	153,000	-53,000	124,000	-846,000	85,000	71,000	71,000	76,000	97,000	214,000	477,000	225,000	439,000	499,000	674,000	579,000	522,000	-1,267,000	458,000	290,000	8,000	-3,682,000	1,760,000	188,000	63,000	-2,394,000	20,000	13,000	13,000	9,000	5,000	21,000	93,000	27,000	4,000
income before income taxes														316,662,000	319,475,000	236,639,000	265,464,000	239,742,000	192,347,000	272,982,000	257,163,000	286,385,000	-293,680,000	296,233,000	126,532,000	176,336,000	222,071,000	110,526,000	157,153,000	35,801,000	153,850,000	150,778,000	148,423,000	176,340,000	107,543,000	146,401,000	170,898,000	167,651,000	125,716,000	-427,988,000	165,155,000	111,522,000	91,254,000	96,160,000	106,818,000	98,708,000	90,899,000	87,427,000	81,834,000	62,197,000	57,124,000	-13,478,000	43,012,000	40,657,000	52,943,000	39,311,000	40,774,000	36,871,000	37,970,000	38,434,000	35,527,000	26,798,000	25,765,000	21,963,000	19,406,000	18,179,000	16,468,000	31,444,000	17,464,000	15,638,000	14,507,000
income tax benefit														1,491,000	1,805,000	-14,210,000	1,826,000	1,465,000	1,112,000	2,206,000	3,028,000	5,044,000	-4,280,000	793,000	1,309,000	1,278,000	10,092,000																																					-38,000	171,000	55,000
net income attributable to noncontrolling interests														8,854,000	8,953,000	7,332,000	7,913,000	7,018,000	5,444,000	6,885,000	7,524,000	8,304,000	-32,873,000	7,670,000	4,006,000	5,464,000	93,319,000																					3,349,000	3,376,000	1,860,000	2,231,000	2,934,000	3,423,000	4,290,000	4,243,000	4,438,000	3,873,000	2,838,000	2,954,000	3,199,000	2,541,000	3,370,000	1,894,000	2,519,000	2,187,000
net income attributable to western midstream partners, lp														306,317,000	308,717,000	243,517,000	255,725,000	231,259,000	185,791,000	263,891,000	246,611,000	273,037,000	-256,527,000	287,770,000	121,217,000	169,594,000	118,660,000
limited partners’ interest in net income:
general partner interest in net (income) loss														-6,767,000	-6,783,000	-5,331,000	-5,527,000	-4,964,000	-3,993,000	-5,642,000	-5,132,000	-5,461,000	5,131,000					-90,372,000	-88,551,000	-84,176,000	-83,439,000	-80,932,000	-78,376,000	-76,365,000	-68,162,000	-62,229,000	-60,551,000	-58,381,000	-55,400,000	-42,875,000	-50,213,000	-45,915,000	-41,993,000	-37,041,000	-31,058,000	-28,047,000	-24,834,000	-21,900,000	-18,693,000	-16,154,000	-12,886,000	-9,581,000	-8,042,000	-6,127,000	-4,339,000	-2,915,000	-2,394,000
net income per common unit – basic														740	750	580	610																							-3,410	770	440	260
net income per common unit – diluted														740	750	590	610																							-3,410	770	440	260
weighted-average common units outstanding – basic														403,027,000	403,254,000	411,309,000	411,909,000
weighted-average common units outstanding – diluted														404,162,000	404,460,000	412,022,000	412,714,000
goodwill impairment																							441,017,000
interest income – anadarko note receivable																					3,286,000	4,225,000
net income per common unit – basic and diluted																		550	440	600	550	600	-570	650	270	370	300	90	390	-320	380	390	380	490	10	347.5	540	550	310					427.5	600	570	540	570	530	410	310	-300	330	330	480	320	410	400	430			350	370
weighted-average common units outstanding – basic and diluted																		413,070,000	413,104,000	435,554,000	438,857,000	443,973,000	443,971,000	415,794,000	453,021,000	453,000,000	299,556,000																		119,068,000	118,177,000	117,716,000		112,143,000	108,736,000	104,815,000
pre-acquisition net (income) loss allocated to anadarko																										-163,000	-29,116,000												-11,326,000				-1,742,000				956,000			764,000	-5,401,000
long-lived asset impairments																						10,150,000	155,785,000
revenues and other – related parties
total revenues and other – related parties																							482,385,000
revenues and other – third parties
total revenues and other – third parties																							291,928,000	278,188,000	267,274,000	299,870,000	293,446,000	256,112,000	233,248,000	197,920,000	196,106,000	249,295,000	223,568,000	209,137,000	201,038,000	182,889,000	156,333,000	126,259,000	110,557,000	119,107,000	137,643,000
interest income – related parties																							4,225,000
revenues and other – affiliates
total revenues and other – affiliates																								445,022,000	398,753,000	385,184,000	378,437,000	301,681,000	274,514,000	238,029,000	241,062,000	382,723,000	351,127,000	316,313,000	315,155,000	327,931,000	325,312,000	302,405,000	272,584,000	252,183,000	247,458,000
equity income, net – affiliates																								62,035,000	53,893,000	63,598,000	57,992,000	50,272,000	43,110,000	39,218,000	20,424,000	22,486,000	21,519,000	21,728,000	19,461,000	21,916,000	20,294,000	19,693,000
impairments																								1,985,000	3,107,000	797,000	390,000	75,630,000	25,317,000	127,243,000	148,000	8,295,000	2,159,000	3,178,000	164,742,000	4,222,000	2,392,000	2,403,000	6,518,000
interest income – affiliates																								4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000													4,225,000	4,225,000	4,225,000	4,225,000
proceeds from business interruption insurance claims																																		24,115,000	5,767,000		13,667,000	2,603,000
income tax (benefit) expense																												825,250	1,517,000	282,000	1,502,000	-39,000	510,000	843,000	3,552,000	941,000	472,000	326,000	6,633,000	-925,000	1,661,000	-1,816,000	4,460,000	1,751,000	278,000	226,000	-228,000																				-490,000
net income attributable to noncontrolling interest																												1,823,000	990,000	2,811,000	2,985,000	2,180,000	4,407,000	2,046,000	2,102,000	2,456,000	2,680,000	2,804,000	3,023,000	1,871,000	2,188,000	2,816,000	3,226,000	2,751,250	3,863,000	3,450,000	3,692,000
net income attributable to western gas partners, lp																												109,058,000	154,646,000	32,708,000	149,363,000	148,637,000	143,506,000	173,451,000	101,889,000	143,004,000	167,746,000	164,521,000	116,060,000	-428,934,000	161,306,000	110,522,000	83,568,000	91,389,000	102,677,000	95,032,000	87,435,000	85,879,000	78,400,000	60,200,000	50,657,000	-16,971,000	39,517,000	36,277,000	48,163,000	34,427,000	36,809,000	33,939,000	34,984,000	35,143,000	31,481,000	23,411,000	22,914,000	19,280,000	17,048,000
series a preferred units interest in net (income) loss																																		-14,199,000	-28,174,000	-25,904,000	-25,539,000	-23,121,000	-2,329,000
common and class c limited partners’ interest in net income																												18,686,000	66,095,000	-51,468,000	65,924,000	67,705,000	65,130,000	82,887,000	5,553,000	54,871,000	81,656,000	83,019,000	47,005,000
gathering, processing and transportation																																121,150,250	157,303,000	154,984,000	172,314,000	186,171,000	189,465,000	186,733,000	187,718,000
natural gas and natural gas liquids sales																																203,275,000	185,002,000	161,329,000	142,841,000	141,760,000	135,847,000	115,672,000	84,866,000
equity income																																							16,814,000	12,114,000	21,976,000	18,941,000	18,220,000	16,514,000	19,063,000	13,008,000	9,251,000
gathering, processing and transportation of natural gas and natural gas liquids																																								150,462,000	141,556,000	138,644,000	128,309,000	106,478,000	104,258,000	98,973,000	85,161,000	88,130,000	83,606,000	69,175,000	65,899,000	63,033,000	57,459,000	56,110,000	56,892,000	55,908,000	54,126,000	50,580,000	48,610,000
natural gas, natural gas liquids and drip condensate sales																																								101,721,000	105,032,000	120,672,000	117,236,000
depreciation, amortization and impairments																																								50,485,250	65,688,000	65,961,000	70,292,000	53,147,000	45,651,000	43,746,000	40,612,000	39,365,000	37,615,000	36,496,000	32,440,000	35,991,000	27,528,000	27,156,000	26,586,000	22,942,000	22,650,000	21,711,000	19,558,000	18,335,000	19,126,000
gain on divestiture																																								19,311,000	77,244,000
revenues – affiliates
total revenues – affiliates																																										259,448,000	245,715,000	261,539,000	245,500,000	256,666,000	206,290,000	226,044,000	217,624,000	204,040,000	181,550,000	180,161,000	176,676,000	164,251,000	166,546,000	134,918,000	137,481,000	121,479,000	104,519,000			79,141,000	83,830,000
revenues – third parties
total revenues – third parties																																										142,964,000	129,379,000	76,358,000	80,965,000	73,278,000	73,167,000	64,577,000	60,377,000	51,086,000	48,197,000	32,676,000	42,344,000	41,090,000	45,696,000	44,652,000	38,382,000	40,269,000	31,474,000			8,827,000	10,489,000
total revenues																																										402,412,000	375,094,000	337,897,000	326,465,000	329,944,000	279,457,000	290,621,000	278,001,000	255,126,000	229,747,000	212,837,000	219,020,000	205,341,000	212,242,000	179,570,000	175,863,000	161,748,000	135,993,000	127,110,000	122,291,000	87,968,000	94,319,000	62,458,000	60,996,000	49,974,000	50,888,000	195,499,000	38,303,000	39,620,000	38,226,000
natural gas, natural gas liquids and condensate sales																																												154,332,000	138,464,000	156,851,000	120,400,000	125,771,000	129,411,000	129,996,000	111,670,000	111,630,000	115,132,000	104,008,000	105,653,000	75,168,000	81,057,000	67,320,000	53,201,000	56,499,000	56,932,000	40,782,000	45,159,000	20,326,000	19,026,000	14,497,000	16,509,000
interest income, net – affiliates																																												3,168,750	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000
equity income and other																																																12,143,000	4,607,000	4,869,000	3,981,000	5,498,000	4,085,000	4,133,000	4,001,000	3,842,000	2,298,000	3,579,000	2,708,000	3,475,000	1,934,000	1,394,000	1,557,000	1,953,000	2,254,000	2,639,000	1,730,000
income tax expense																																																-1,801,000	58,000	137,000	4,236,000	559,000	72,000	90,000	537,000	446,000	92,000	94,000	32,000	92,000	1,505,000	17,000	957,000					5,691,000	68,000	2,730,000	5,288,000
net income per subordinated unit – basic and diluted																																																								320		380	410			350	370
pre-acquisition net (income) loss allocated to parent																																																								-1,000
limited partner interest in net income:
pre-acquisition net income allocated to parent																																																													-36,000
general partner interest in net income																																																										-1,842,000	-1,448,000	-1,177,000	-888,000	-519,000	-483,000
limited partner interest in net income																																																										32,097,000	33,536,000	33,966,000	30,557,000	22,892,000	23,649,000	18,893,000	16,707,000	17,762,000	16,619,000	16,129,000	17,048,000	8,084,000
net income per limited partner unit – basic and diluted																																																										390	430
revenues — affiliates
gathering, processing and transportation of natural gas																																																												34,900,250	48,843,000	36,965,000	37,114,000	33,518,000	33,438,000	26,989,000	26,911,000
total revenues — affiliates																																																												80,191,000	107,709,000			55,797,000	54,718,000	44,125,000	45,150,000	186,269,000	27,134,000	30,637,000	27,463,000
revenues — third parties
total revenues — third parties																																																												13,862,000	14,582,000			6,661,000	6,278,000	5,849,000	5,738,000	9,230,000	11,169,000	8,983,000	10,763,000
interest income																																																												-21,750	-1,423,000	627,000	697,000
net income per common unit — basic and diluted																																																												292.5	440			330	300
net income per subordinated unit — basic and diluted																																																												292.5	440			330	300
pre-acquisition (income) loss allocated to parent																																																															1,218,000
impairment
interest income, net — affiliates																																																																1,494,250	1,098,000	2,439,000	2,440,000	5,455,000	4,216,000	1,685,000
less pre-acquisition income allocated to parent																																																																2,000
less general partner interest in net income																																																																385,000	341,000	362,000	339,000	329,000	348,000	165,000
calculation of limited partner interest in net income:
net income per limited partner unit — basic and diluted																																																																		320	300
limited partner units outstanding — basic and diluted																																																																		55,645,000	55,629,000
gathering and transportation of natural gas																																																																				20,299,750	26,405,000	27,155,000	26,947,000
condensate
natural gas and other																																																																				1,043,750	729,000	3,482,000	516,000
depreciation																																																																				12,856,000	7,145,000	6,554,000	6,456,000
net income per limited partner unit — basic																																																																				310	320	150
net income per limited partner unit — diluted																																																																				300	320	150
limited partner units outstanding — basic																																																																				144,000	53,072,000	53,072,000
limited partner units outstanding — diluted																																																																				143,000	53,103,000	53,103,000
operating expenses — affiliates
total operating expenses — affiliates																																																																						5,431,000	4,912,000
operating expenses — third parties
total operating expenses — third parties																																																																						13,709,000	10,229,000
interest expense — affiliates																																																																							-2,126,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30

assets
current assets
cash and cash equivalents	647,495,000	819,491,000	177,288,000	129,732,000	448,447,000	1,090,464,000	1,124,737,000	344,119,000	295,246,000	272,787,000	489,494,000	213,953,000	112,645,000	286,656,000	159,093,000	97,434,000	248,249,000	201,999,000	99,862,000	305,573,000	56,376,000	444,922,000	138,045,000	59,738,000	152,282,000	99,962,000	117,430,000	95,795,000	100,047,000	90,448,000	130,668,000	53,235,000	521,426,000	78,814,000	152,435,000	188,197,000	122,310,000	357,925,000	144,447,000	157,767,000	108,479,000	98,033,000	73,200,000	87,768,000	58,639,000	67,054,000	67,837,000	110,629,000	83,091,000	100,728,000	38,364,000	74,180,000	63,516,000	419,981,000	47,494,000	258,052,000	39,618,000	226,559,000	251,458,000	62,695,000	27,074,000	36,400,000	64,402,000	55,223,000	69,984,000	56,023,000	39,858,000	27,296,000	33,306,000	26,390,000	25,788,000
accounts receivable	822,747,000	773,197,000	682,673,000	704,629,000	673,204,000	701,838,000	671,635,000	684,317,000	720,351,000	666,637,000	614,836,000	554,222,000	558,300,000	554,263,000	650,922,000	716,343,000	601,647,000	436,513,000	583,652,000	519,116,000	480,705,000	452,880,000	451,784,000	460,318,000	257,239,000	260,512,000	232,818,000	219,924,000	212,423,000	217,101,000	224,986,000	167,175,000	189,074,000	160,432,000	192,530,000	136,444,000	152,731,000	223,223,000	214,150,000	221,795,000	179,773,000	180,993,000	150,538,000	172,663,000	144,218,000	98,114,000	126,345,000	109,014,000	100,621,000	84,060,000	75,788,000	76,943,000	28,507,000	38,354,000	21,359,000	19,674,000	19,978,000	22,197,000	26,838,000	28,104,000
other current assets	69,165,000	64,253,000	57,090,000	70,646,000	68,243,000	54,888,000	36,316,000	39,854,000	50,750,000	52,986,000	31,476,000	29,028,000	64,353,000	59,506,000	86,285,000	49,666,000	56,397,000	46,252,000	73,196,000	61,562,000	74,079,000	45,262,000	54,104,000	39,107,000	81,027,000	41,938,000	42,990,000	20,466,000	23,472,000	25,914,000	25,970,000	26,728,000	22,747,000	14,816,000	13,381,000	10,161,000	10,578,000	12,866,000	9,217,000	5,691,000	3,555,000	7,855,000	11,399,000	11,670,000	10,480,000	10,067,000	6,773,000	4,560,000	7,432,000	10,022,000	8,763,000	6,162,000	8,490,000	6,998,000	9,386,000	5,732,000	7,070,000	6,794,000	6,844,000	3,701,000	5,114,000	5,146,000	2,766,000	3,392,000	3,287,000	2,175,000	684,000	815,000	491,000	775,000	1,068,000
total current assets	1,539,407,000	1,656,941,000	917,051,000	905,007,000	1,189,894,000	1,847,190,000	1,832,688,000	1,068,290,000	1,066,347,000	992,410,000	1,135,806,000	797,203,000	735,298,000	900,425,000	896,300,000	863,443,000	906,293,000	684,764,000	756,710,000	886,251,000	611,160,000	943,064,000	643,933,000	559,163,000	490,548,000	402,412,000	393,238,000	336,185,000	335,942,000	333,463,000	381,624,000	247,138,000	733,247,000	254,062,000	358,346,000	334,802,000	285,619,000	594,014,000	367,814,000	385,253,000	291,807,000	286,881,000	235,137,000	272,101,000	213,337,000	175,235,000	200,955,000	224,203,000	191,144,000	194,810,000	122,915,000	157,285,000	100,513,000	465,333,000	78,239,000	283,458,000	66,666,000	255,550,000	285,140,000	94,500,000	43,184,000	53,696,000	80,686,000	69,813,000	79,863,000	62,335,000	47,650,000	44,029,000	45,379,000	41,938,000	32,753,000
property, plant, and equipment
cost	17,865,350,000	17,648,375,000	15,985,933,000	15,846,749,000	15,677,543,000	15,509,910,000	15,342,193,000	15,147,641,000	15,157,635,000	14,945,431,000	13,809,080,000	13,740,911,000	13,550,060,000	13,365,593,000	13,236,499,000	13,058,689,000	12,930,358,000	12,846,078,000	12,732,926,000	12,677,327,000	12,689,438,000	12,641,745,000	12,633,144,000	12,599,722,000	12,545,357,000	12,355,671,000	12,109,923,000	11,852,158,000	11,580,329,000	9,250,228,000	8,912,755,000	8,618,993,000	8,272,083,000	7,871,102,000	7,582,178,000	7,354,782,000	7,240,894,000	6,861,942,000	6,912,906,000	6,818,174,000	6,700,809,000	5,904,637,000	5,862,721,000	5,948,148,000	5,814,914,000	5,424,699,000	4,754,279,000	4,591,935,000	4,414,168,000	4,239,100,000	4,061,389,000	3,873,539,000	3,733,690,000	3,183,148,000	3,014,825,000	2,866,566,000	2,741,828,000	2,223,800,000	2,163,882,000	2,025,652,000	1,727,231,000	1,726,898,000	1,263,677,000	1,250,664,000	915,438,000	901,340,000	700,295,000	685,677,000	680,591,000	508,491,000	498,704,000
less accumulated depreciation	6,570,657,000	6,427,467,000	6,259,586,000	6,106,545,000	5,950,449,000	5,795,301,000	5,646,602,000	5,503,228,000	5,432,343,000	5,290,415,000	5,144,678,000	5,139,941,000	5,008,838,000	4,823,993,000	4,696,816,000	4,581,122,000	4,455,162,000	4,333,171,000	4,208,845,000	4,087,362,000	4,049,900,000	3,931,800,000	3,808,005,000	3,685,006,000	3,558,626,000	3,290,740,000	3,176,089,000	3,058,512,000	2,950,330,000	2,638,155,000	2,494,121,000	2,405,419,000	2,208,536,000	2,140,211,000	2,074,464,000	2,006,988,000	1,974,081,000	1,812,010,000	1,882,012,000	1,816,030,000	1,760,590,000	1,614,663,000	1,072,799,000	1,165,607,000	1,103,643,000	1,040,328,000	986,692,000	936,568,000	894,690,000	855,845,000	817,489,000	779,513,000	745,477,000	709,773,000	671,902,000	642,253,000	615,627,000	452,866,000	430,948,000	406,956,000	367,881,000	351,165,000	280,257,000	265,939,000	214,942,000	204,683,000	189,320,000	171,096,000	162,776,000	140,982,000	133,770,000
net property, plant, and equipment	11,294,693,000	11,220,908,000	9,726,347,000	9,740,204,000	9,727,094,000	9,714,609,000	9,695,591,000	9,644,413,000	9,725,292,000	9,655,016,000	8,664,402,000	8,600,970,000	8,541,222,000	8,541,600,000	8,539,683,000	8,477,567,000	8,475,196,000	8,512,907,000	8,524,081,000	8,589,965,000	8,639,538,000	8,709,945,000	8,825,139,000	8,914,716,000	8,986,731,000	9,064,931,000	8,933,834,000
goodwill	347,643,000	353,257,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	4,783,000	445,800,000	445,800,000	445,800,000	445,800,000	416,160,000	416,160,000	416,160,000	416,160,000	416,160,000	417,610,000	417,610,000	417,610,000	417,610,000	419,186,000	419,186,000	419,186,000	389,686,000	387,633,000	393,035,000	393,035,000	384,387,000	105,336,000	105,336,000	105,336,000	105,336,000	105,336,000	105,336,000	105,336,000	87,936,000	87,936,000	82,136,000	82,136,000				60,236,000	60,236,000	31,248,000	31,248,000	20,836,000	20,836,000	14,436,000	14,436,000	14,436,000	4,783,000	4,783,000
other intangible assets	901,905,000	913,758,000	625,990,000	633,907,000	641,824,000	649,740,000	657,657,000	665,574,000	673,491,000	681,408,000	689,324,000	697,241,000	705,158,000	713,075,000	720,992,000	728,908,000	736,825,000	744,742,000	752,659,000	760,576,000	768,492,000	776,409,000	784,326,000	792,557,000	800,482,000	809,391,000	817,395,000	825,399,000	833,404,000	746,804,000	753,947,000	761,054,000	768,162,000	775,269,000	782,376,000	789,483,000	796,591,000	803,698,000	810,805,000	817,913,000	825,020,000	832,127,000	839,234,000	846,342,000	853,449,000	884,857,000	52,561,000	52,909,000	53,258,000	53,606,000	54,436,000	54,798,000	55,159,000	55,490,000	52,052,000	52,320,000	52,589,000
equity investments	495,751,000	504,859,000	510,628,000	523,532,000	527,526,000	541,435,000	535,172,000	540,539,000	546,078,000	904,535,000	915,076,000	920,123,000	931,852,000	944,696,000	1,142,103,000	1,148,487,000	1,163,069,000	1,167,187,000	1,181,181,000	1,195,456,000	1,215,875,000	1,224,813,000	1,242,557,000	1,280,047,000	1,292,104,000	1,285,717,000	1,264,695,000	1,249,509,000	1,217,156,000	845,279,000	786,876,000	754,300,000	557,681,000	566,211,000	573,622,000	581,151,000	591,102,000	594,208,000	599,286,000	606,125,000	610,588,000	618,887,000	629,627,000	630,851,000	635,920,000	634,492,000	639,191,000	637,478,000	613,207,000	243,619,000	227,566,000	211,151,000	109,940,000	106,130,000	105,813,000	107,446,000	108,989,000	39,978,000	39,614,000	39,742,000	40,406,000	40,679,000
other assets	345,103,000	348,697,000	340,553,000	352,096,000	365,756,000	387,028,000	255,333,000	256,902,000	249,479,000	233,455,000	217,163,000	198,630,000	194,175,000	167,049,000	168,721,000	165,671,000	159,707,000	158,696,000	199,964,000	189,268,000	195,195,000	171,013,000	188,937,000	142,496,000	76,465,000	78,202,000	63,263,000	69,992,000	74,694,000	22,503,000	14,057,000	14,384,000	14,525,000	11,757,000	14,643,000	14,875,000	15,105,000	13,566,000	13,113,000	13,481,000	13,740,000	29,707,000	30,779,000	31,172,000	27,616,000	28,289,000	28,910,000	29,519,000	34,684,000	27,401,000	28,078,000	26,678,000	27,245,000	27,798,000	26,981,000	26,526,000	23,620,000	8,164,000	8,592,000	9,017,000	2,361,000	2,894,000	2,198,000	2,586,000	2,974,000	410,000	564,000	596,000	628,000
total assets	14,924,502,000	14,998,420,000	12,125,352,000	12,159,529,000	12,456,877,000	13,144,785,000	12,981,224,000	12,180,501,000	12,265,470,000	12,471,607,000	11,626,554,000	11,218,950,000	11,112,488,000	11,271,628,000	11,472,582,000	11,388,859,000	11,445,873,000	11,273,079,000	11,419,378,000	11,626,299,000	11,435,043,000	11,830,027,000	11,689,675,000	11,953,243,000	11,908,998,000	12,346,453,000	12,178,225,000	11,980,531,000	11,796,995,000	9,236,282,000	9,031,298,000	8,666,610,000	8,813,322,000	8,014,350,000	7,914,311,000	7,745,715,000	7,632,840,000	7,733,028,000	7,501,098,000	7,504,102,000	7,360,560,000	6,707,262,000	7,172,332,000	7,216,042,000	7,094,628,000	6,751,631,000	5,054,540,000	4,964,812,000	4,777,107,000	4,268,027,000	4,042,231,000	3,909,274,000	3,646,406,000	3,476,062,000	2,953,944,000	3,036,199,000	2,720,201,000	2,451,620,000	2,443,543,000	2,137,221,000	1,765,537,000	1,793,238,000	1,378,371,000	1,368,661,000	1,084,229,000	1,059,889,000	853,037,000	852,264,000	856,441,000	674,230,000	662,470,000
liabilities, equity, and partners’ capital
current liabilities
accounts and imbalance payables	413,812,000	319,170,000	297,029,000	357,037,000	357,278,000	312,945,000	387,158,000	364,805,000	377,499,000	362,451,000	393,358,000	359,298,000	362,398,000	360,562,000	492,776,000	492,979,000	395,893,000	326,061,000	341,220,000	246,790,000	226,715,000	210,691,000	164,417,000	181,563,000	219,628,000	293,128,000	273,579,000	240,568,000	328,867,000	350,325,000	360,651,000	331,447,000	360,028,000	349,801,000	302,848,000	198,496,000	186,882,000	123,285,000	101,101,000	90,914,000	103,754,000	64,606,000
short-term debt	445,603,000	448,825,000	13,062,000	13,233,000	350,597,000	1,011,032,000	1,008,018,000	8,507,000	108,394,000	617,748,000	2,268,000	2,532,000	2,714,000	215,780,000	2,030,000	2,613,000	718,153,000	505,932,000	726,429,000	588,373,000	7,752,000	438,870,000	438,762,000	438,619,000	11,184,000	7,873,000	8,128,000	8,381,000	2,000,000,000
accrued ad valorem taxes	49,784,000	60,114,000	51,035,000	35,419,000	46,016,000	38,319,000	47,298,000	34,751,000	48,525,000	61,285,000	50,291,000	35,827,000	52,717,000	72,875,000	61,492,000	41,268,000	62,833,000	44,955,000	49,065,000	35,570,000	55,610,000	41,427,000	58,335,000	53,639,000	52,175,000	35,160,000	45,771,000	30,641,000	48,545,000	29,336,000	37,123,000	26,318,000	38,871,000	26,633,000	33,020,000	22,059,000	35,185,000	23,121,000	31,120,000	20,633,000	27,876,000	17,808,000	26,416,000	18,098,000	19,725,000	14,812,000	21,083,000	14,539,000	16,987,000	13,860,000	18,472,000	11,805,000	17,727,000	11,949,000	15,021,000	9,717,000	12,485,000	7,882,000	12,212,000	7,806,000	5,986,000	11,012,000	5,702,000	4,239,000	1,525,000	6,149,000	3,667,000	3,075,000	1,330,000	4,472,000	3,173,000
accrued liabilities	497,958,000	408,375,000	279,346,000	289,110,000	257,038,000	329,398,000	203,721,000	226,057,000	173,721,000	262,572,000	189,983,000	223,887,000	163,498,000	254,640,000	189,625,000	217,817,000	160,247,000	263,249,000	190,628,000	255,938,000	200,185,000	269,947,000	175,915,000	217,225,000	166,738,000	149,793,000	269,394,000	219,726,000	141,442,000	127,921,000	114,286,000	131,352,000	78,798,000	47,899,000	57,496,000	56,840,000	57,996,000	168,899,000	122,164,000	130,018,000	127,837,000	116,818,000	138,812,000	149,589,000	171,609,000	158,655,000	152,878,000	133,069,000	124,893,000	137,011,000	140,166,000	110,420,000	147,460,000	120,124,000	108,883,000	107,635,000	81,755,000	36,973,000	51,410,000	30,144,000											3,050,000
total current liabilities	1,407,157,000	1,236,484,000	640,472,000	694,799,000	1,010,929,000	1,691,694,000	1,646,195,000	634,120,000	708,139,000	1,304,056,000	635,900,000	621,544,000	581,327,000	903,857,000	745,923,000	754,677,000	1,337,126,000	1,140,197,000	1,307,342,000	1,126,671,000	490,262,000	960,935,000	837,429,000	891,046,000	449,725,000	485,954,000	596,872,000	499,316,000	2,518,854,000	507,582,000	512,060,000	489,117,000	477,697,000	424,333,000	393,364,000	277,395,000	280,063,000	315,305,000	254,385,000	241,565,000	259,467,000	199,232,000	222,826,000	213,063,000	242,349,000	202,571,000	201,230,000	176,658,000	172,456,000	190,460,000	177,959,000	146,311,000	201,816,000	157,258,000	210,081,000	158,361,000	122,244,000	71,094,000	81,529,000	58,619,000	42,194,000	51,728,000	28,198,000	26,879,000	18,113,000	21,538,000	14,638,000	14,055,000	16,341,000	11,430,000	12,085,000
long-term liabilities
long-term debt	8,194,171,000	8,195,170,000	6,924,291,000	6,924,108,000	6,925,033,000	6,926,647,000	6,929,212,000	7,138,092,000	7,272,079,000	7,283,556,000	7,260,051,000	6,824,214,000	6,693,941,000	6,569,582,000	7,027,361,000	6,656,123,000	6,188,750,000	6,400,616,000	6,399,874,000	6,835,838,000	7,416,001,000	7,415,832,000	7,440,394,000	7,544,396,000	8,088,761,000	7,951,565,000	7,730,502,000	7,489,448,000	5,208,411,000	4,787,381,000	4,566,464,000	4,177,353,000	4,176,346,000	3,464,712,000	3,343,886,000	3,253,065,000	3,092,257,000	3,091,461,000	2,907,395,000	2,932,004,000	3,021,325,000	2,707,357,000	2,587,189,000	2,677,023,000	2,532,995,000	2,422,954,000	2,082,914,000	2,022,876,000	1,912,839,000	1,418,169,000
deferred income taxes	111,898,000	111,277,000	31,915,000	31,691,000	31,392,000	29,679,000	29,646,000	15,727,000	15,698,000	15,468,000	15,378,000	15,279,000	15,348,000	14,424,000	14,182,000	14,345,000	13,557,000	12,425,000	24,470,000	23,468,000	22,752,000	22,195,000	21,292,000	19,698,000	16,731,000	18,899,000	17,890,000	16,175,000	15,355,000	9,697,000	10,285,000	8,753,000	8,592,000	7,409,000	10,284,000	10,169,000	9,529,000	6,402,000	6,360,000	6,020,000	5,906,000	5,963,000	7,037,000	5,869,000	7,802,000	4,171,000	780,000	601,000	428,000	309,000	1,830,000	1,852,000	1,748,000	1,578,000	1,387,000	1,375,000	1,350,000				733,000	718,000	394,000	380,000	687,000	605,000	499,000	498,000	14,000	14,000	14,000
asset retirement obligations	443,152,000	427,858,000	389,829,000	385,224,000	378,889,000	370,195,000	374,646,000	371,501,000	366,755,000	359,185,000	307,945,000	301,975,000	293,718,000	290,021,000	310,500,000	303,548,000	297,187,000	298,275,000	271,022,000	267,624,000	267,962,000	260,283,000	327,285,000	327,971,000	339,454,000	336,396,000	319,178,000	320,073,000	311,716,000	259,976,000	157,933,000	151,412,000	147,082,000
other liabilities	1,261,134,000	864,509,000	810,209,000	790,270,000	777,063,000	751,400,000	624,008,000	597,052,000	526,508,000	480,212,000	452,188,000	433,775,000	426,590,000	385,629,000	368,930,000	355,163,000	338,446,000	325,806,000	320,224,000	319,825,000	295,946,000	275,570,000	272,819,000	234,615,000	222,042,000	208,346,000	178,708,000	164,309,000	151,118,000	140,067,000	141,957,000	138,493,000	128,757,000
total long-term liabilities	10,010,355,000	9,598,814,000	8,156,244,000	8,131,293,000	8,112,377,000	8,077,921,000	7,957,512,000	8,122,372,000	8,181,040,000	8,138,421,000	8,035,562,000	7,575,243,000	7,429,597,000	7,259,656,000	7,720,973,000	7,329,179,000	6,837,940,000	7,037,122,000	7,015,590,000	7,446,755,000	8,002,661,000	7,973,880,000	8,061,790,000	8,126,680,000	8,666,988,000	8,515,206,000	8,246,278,000	7,990,005,000	5,686,600,000	5,197,121,000	4,876,639,000	4,476,011,000	4,460,777,000	3,619,006,000	3,500,418,000	3,405,760,000	3,284,474,000	3,281,944,000	3,069,784,000	3,104,313,000	3,352,568,000	3,020,600,000	2,897,844,000	2,982,819,000	2,831,259,000	2,537,194,000	2,169,597,000	2,105,404,000	1,993,117,000	1,497,623,000	1,596,276,000	1,495,041,000	1,626,163,000	1,238,328,000	1,081,544,000	1,080,651,000	1,017,934,000	732,820,000	731,921,000	730,460,000	518,275,000	792,508,000	301,025,000	400,772,000	187,667,000	287,624,000	184,878,000	184,738,000	185,146,000	8,761,000	8,516,000
total liabilities	11,417,512,000	10,835,298,000	8,796,716,000	8,826,092,000	9,123,306,000	9,769,615,000	9,603,707,000	8,756,492,000	8,889,179,000	9,442,477,000	8,671,462,000	8,196,787,000	8,010,924,000	8,163,513,000	8,466,896,000	8,083,856,000	8,175,066,000	8,177,319,000	8,322,932,000	8,573,426,000	8,492,923,000	8,934,815,000	8,899,219,000	9,017,726,000	9,116,713,000	9,001,160,000	8,843,150,000	8,489,321,000	8,205,454,000	5,704,703,000	5,388,699,000	4,965,128,000	4,938,474,000	4,043,339,000	3,893,782,000	3,683,155,000	3,564,537,000	3,597,249,000	3,324,169,000	3,345,878,000	3,612,035,000	3,219,832,000	3,120,670,000	3,195,882,000	3,073,608,000	2,739,765,000	2,370,827,000	2,282,062,000	2,165,573,000	1,688,083,000	1,774,235,000	1,641,352,000	1,827,979,000	1,395,586,000	1,291,625,000	1,239,012,000	1,140,178,000	803,914,000	813,450,000	789,079,000	560,469,000	844,236,000	329,223,000	427,651,000	205,780,000	309,162,000	199,516,000	198,793,000	201,487,000	20,191,000	20,601,000
equity and partners’ capital																																																																		750,727,000
common units	3,361,526,000	4,016,606,000	3,172,802,000	3,179,232,000	3,183,365,000	3,224,802,000	3,225,855,000	3,271,033,000	3,225,562,000	2,894,231,000	2,821,958,000	2,888,745,000	2,964,712,000	2,969,604,000	2,868,665,000	3,164,328,000	3,134,018,000	2,966,955,000	2,965,944,000	2,927,066,000	2,821,455,000	2,778,339,000	2,674,682,000	2,820,327,000	2,684,136,000	3,209,947,000	3,182,917,000	3,338,646,000	3,437,922,000	2,475,540,000	2,595,719,000	2,666,799,000	2,842,612,000	2,950,010,000	3,012,424,000	3,070,608,000	2,759,744,000	2,536,872,000	2,604,524,000	2,613,806,000	2,417,194,000	2,588,991,000	3,115,480,000	3,102,772,000	3,116,504,000	3,119,714,000	2,524,313,000	2,528,069,000	2,459,637,000	2,431,193,000	2,127,040,000	2,130,279,000	1,692,173,000	1,957,066,000	1,552,399,000	1,617,196,000	1,416,896,000	1,495,253,000	1,492,186,000	943,973,000	810,717,000	562,400,000	662,262,000	556,627,000	497,230,000	377,032,000	366,135,000	366,638,000	368,049,000	379,098,000	374,248,000
general partner units	4,265,000	4,624,000	9,370,000	9,730,000	10,045,000	10,803,000	10,972,000	12,192,000	11,313,000	3,193,000	1,678,000	322,000	2,261,000	2,105,000	-1,112,000	-2,825,000	-5,062,000	-8,882,000	-11,286,000	-13,923,000	-16,033,000	-17,208,000	-20,032,000	-22,347,000	-24,990,000	-14,224,000				206,862,000	199,433,000	191,564,000	185,812,000	179,232,000	172,180,000	165,442,000	153,872,000	143,968,000	138,040,000	131,842,000	125,846,000	120,164,000	123,792,000	116,859,000	111,071,000	105,725,000	89,150,000	84,894,000	81,735,000	78,157,000	68,585,000	66,457,000	54,918,000	52,752,000	41,416,000	39,758,000	33,456,000	31,729,000	31,124,000	25,052,000	21,505,000	15,977,000	17,372,000	14,960,000	13,726,000	11,221,000	11,008,000	10,986,000	10,988,000	10,788,000	10,501,000
total partners’ capital	3,365,791,000	4,021,230,000	3,182,172,000	3,188,962,000	3,193,410,000	3,235,605,000	3,236,827,000	3,283,225,000	3,236,875,000	2,897,424,000	2,823,636,000	2,889,067,000	2,966,973,000	2,971,709,000	2,867,553,000	3,161,503,000	3,128,956,000	2,958,073,000	2,954,658,000	2,913,143,000	2,805,422,000	2,761,131,000	2,654,650,000	2,797,980,000	2,659,146,000	3,195,723,000	3,182,917,000	3,338,646,000	3,437,922,000	3,473,812,000	3,582,572,000	3,639,420,000	3,812,529,000	3,909,282,000	3,956,460,000	4,000,224,000	4,005,008,000	4,071,216,000	4,112,295,000	4,092,473,000	3,681,956,000	3,420,046,000	3,984,112,000	3,951,823,000	3,951,474,000	3,942,396,000	2,613,463,000	2,612,963,000	2,541,372,000	2,509,350,000	2,195,625,000	2,196,736,000	1,747,091,000	2,009,818,000	1,593,815,000	1,656,954,000	1,450,352,000	1,526,982,000	1,523,310,000	1,251,994,000	1,114,606,000	858,830,000	957,587,000	849,310,000	787,527,000
noncontrolling interests	141,199,000	141,892,000	146,464,000	144,475,000	140,161,000	139,565,000	140,690,000	140,784,000	139,416,000	131,706,000	131,456,000	133,096,000	134,591,000	136,406,000	138,133,000	143,500,000	141,851,000	137,687,000	141,788,000	139,730,000	136,698,000	134,081,000	135,806,000	137,537,000	133,139,000	149,570,000	152,158,000	152,564,000	153,619,000																					70,594,000	72,371,000	71,186,000	71,336,000	70,658,000	68,504,000	140,233,000	129,671,000	120,724,000	106,783,000	96,148,000	90,462,000		91,561,000	91,700,000		86,455,000
total equity and partners’ capital	3,506,990,000	4,163,122,000	3,328,636,000	3,333,437,000	3,333,571,000	3,375,170,000	3,377,517,000	3,424,009,000	3,376,291,000	3,029,130,000	2,955,092,000	3,022,163,000	3,101,564,000	3,108,115,000	3,005,686,000	3,305,003,000	3,270,807,000	3,095,760,000	3,096,446,000	3,052,873,000	2,942,120,000	2,895,212,000	2,790,456,000	2,935,517,000	2,792,285,000	3,345,293,000	3,335,075,000	3,491,210,000	3,591,541,000	3,531,579,000	3,642,599,000	3,701,482,000	3,874,848,000	3,971,011,000	4,020,529,000	4,062,560,000	4,068,303,000	4,135,779,000	4,176,929,000	4,158,224,000	3,748,525,000	3,487,430,000	4,051,662,000	4,020,160,000	4,021,020,000	4,011,866,000	2,683,713,000	2,682,750,000	2,611,534,000	2,579,944,000	2,267,996,000	2,267,922,000	1,818,427,000	2,080,476,000	1,662,319,000	1,797,187,000	1,580,023,000	1,647,706,000	1,630,093,000	1,348,142,000	1,205,068,000	949,002,000	1,049,148,000	941,010,000	878,449,000
total liabilities, equity, and partners’ capital	14,924,502,000	14,998,420,000	12,125,352,000	12,159,529,000	12,456,877,000	13,144,785,000	12,981,224,000	12,180,501,000	12,265,470,000	12,471,607,000	11,626,554,000	11,218,950,000	11,112,488,000	11,271,628,000	11,472,582,000	11,388,859,000	11,445,873,000	11,273,079,000	11,419,378,000	11,626,299,000	11,435,043,000	11,830,027,000	11,689,675,000	11,953,243,000	11,908,998,000
anadarko note receivable																								259,481,000
note receivable – anadarko																									257,885,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000		260,000,000
liabilities, equity and partners’ capital
apcwh note payable
net investment by anadarko
total liabilities, equity and partners’ capital																										12,346,453,000	12,178,225,000	11,980,531,000	11,796,995,000	9,236,282,000	9,031,298,000	8,666,610,000	8,813,322,000	8,014,350,000	7,914,311,000	7,745,715,000	7,632,840,000	7,733,028,000	7,501,098,000	7,504,102,000	7,360,560,000	6,707,262,000	7,172,332,000	7,216,042,000	7,094,628,000	6,751,631,000	5,054,540,000	4,964,812,000	4,777,107,000	4,268,027,000	4,042,231,000	3,909,274,000	3,646,406,000	3,476,062,000	2,953,944,000	3,036,199,000	2,720,201,000	2,451,620,000	2,443,543,000	2,137,221,000	1,765,537,000	1,793,238,000	1,378,371,000	1,368,661,000	1,084,229,000	1,059,889,000
property, plant and equipment
net property, plant and equipment																												8,793,646,000	8,629,999,000	6,612,073,000	6,418,634,000	6,213,574,000	6,063,547,000	5,730,891,000	5,507,714,000	5,347,794,000	5,266,813,000	5,049,932,000	5,030,894,000	5,002,144,000	4,940,219,000	4,289,974,000	4,789,922,000	4,782,541,000	4,711,271,000	4,384,371,000	3,767,587,000	3,655,367,000	3,519,478,000	3,383,255,000	3,243,900,000	3,094,026,000	2,988,213,000	2,473,375,000	2,342,923,000	2,224,313,000	2,126,201,000	1,770,934,000	1,732,934,000	1,618,696,000	1,359,350,000	1,375,733,000	983,420,000	984,725,000	700,496,000	696,657,000	510,975,000	514,581,000	517,815,000	367,509,000	364,934,000
financial information has been recast to include the financial position and results attributable to ama. see note 1 and note 3.
class c units																														791,410,000	787,420,000	781,057,000	784,105,000	780,040,000	771,856,000	764,174,000	754,670,000	750,831,000	741,183,000	729,731,000	718,334,000	710,891,000	744,840,000	732,192,000	723,899,000	716,957,000
noncontrolling interest																														57,767,000	60,027,000	62,062,000	62,319,000	61,729,000	64,069,000	62,336,000	63,295,000	64,563,000	64,634,000	65,751,000	66,569,000	67,384,000	67,550,000	68,337,000	69,546,000	69,470,000	70,250,000	69,787,000	70,162,000																90,922,000
asset retirement obligations and other																																		146,885,000	146,248,000	142,526,000	145,342,000	142,641,000	139,604,000	137,139,000	132,126,000	118,606,000	119,422,000	120,041,000	114,766,000	110,069,000	85,903,000	81,927,000	79,850,000	79,145,000	76,336,000	74,827,000	71,096,000	68,472,000	69,722,000	69,048,000	68,288,000	63,642,000	62,860,000	61,514,000	43,542,000	56,790,000	15,631,000	15,392,000	11,980,000	10,568,000	9,379,000	9,240,000	9,093,000	8,330,000	8,144,000
deferred purchase price obligation – anadarko																																					37,346,000	41,440,000	16,425,000	29,150,000	193,211,000	188,674,000	184,196,000	179,886,000	175,696,000
series a preferred units																																					336,722,000	639,545,000	628,548,000	617,094,000	420,582,000
financial information has been recast to include the financial position and results attributable to the springfield interest. see note 1 and note 2.
financial information has been recast to include the financial position and results attributable to the springfield system. see note 1 and note 2.
financial information has been recast to include the financial position and results attributable to the dbjv system. see note 1 and note 2.
accounts and natural gas imbalance payables																																											57,598,000	45,376,000	51,015,000	29,104,000	27,011,000	28,640,000	30,219,000	39,589,000	19,131,000	23,423,000	35,999,000	24,633,000	85,992,000	40,461,000	27,520,000	25,744,000	17,688,000	20,343,000
income taxes payable																																															258,000	410,000	357,000		190,000	663,000	630,000	552,000	185,000	548,000	484,000	495,000	219,000	326,000	160,000	342,000	548,000	545,000	412,000	330,000	265,000	211,000	146,000	13,000	4,000
financial information has been recast to include the financial position and results attributable to the tefr interests. see note 1 and note 2.
long-term debt – third parties																																																			1,518,110,000	1,418,362,000	1,553,319,000	1,168,278,000	1,010,435,000	1,010,228,000	773,296,000	494,178,000	494,061,000	493,946,000	299,000,000
plant, property and equipment
note payable – anadarko																																																									175,000,000	175,000,000	175,000,000	175,000,000	175,000,000		175,000,000
parent net investment
financial information has been recast to include the financial position and results attributable to the mgr assets. see note 2.
goodwill and other intangible assets																																																										116,994,000	117,263,000	115,266,000
subordinated units																																																												282,969,000	282,384,000	280,453,000	277,953,000	277,723,000	276,571,000	276,019,000	276,378,000	275,847,000	275,917,000	264,153,000	257,120,000
financial information has been revised to include the financial position and results attributable to the bison assets. see note 2.
accounts receivable, net – third parties																																																													9,140,000		2,456,000
accounts receivable, net – affiliates																																																													1,750,000
natural gas imbalance receivables – third parties																																																													95,000		551,000
natural gas imbalance receivables – affiliates																																																													11,000		41,000
long-term assets
accounts and natural gas imbalance payables – third parties																																																													13,695,000
accounts and natural gas imbalance payables – affiliate																																																													1,480,000
accrued liabilities – third parties																																																													20,280,000		11,780,000
accrued liabilities – affiliates																																																													593,000		242,000
commitments and contingencies
accounts receivable, net — third parties																																																														7,819,000		4,304,000	3,896,000	2,690,000	3,300,000	5,758,000	5,878,000	4,566,000	3,415,000
accounts receivable, net — affiliates																																																														3,051,000								8,229,000	1,587,000
natural gas imbalance receivables — third parties																																																														1,276,000		688,000	45,000	22,000	11,000	379,000	389,000	1,125,000	881,000
natural gas imbalance receivables — affiliates																																																														4,000		41,000	448,000	280,000	66,000	2,022,000	1,422,000	839,000
note receivable — anadarko																																																														260,000,000		260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000
accounts and natural gas imbalance payables — third parties																																																														11,262,000
accounts and natural gas imbalance payables — affiliate																																																														1,448,000
accrued liabilities — third party																																																														17,664,000
accrued liabilities — affiliates																																																																291,000	470,000	398,000	160,000	162,000	153,000	91,000
current notes payable — third parties																																																														10,000,000
long-term debt — third parties																																																														560,000,000
note payable — anadarko																																																														175,000,000		175,000,000	175,000,000		175,000,000	175,000,000	175,000,000
non-controlling interests																																																														90,172,000
accounts receivable – affiliates																																																															10,470,000
equity investment																																																															20,819,000	20,289,000	20,060,000	19,651,000	19,412,000	18,622,000	18,183,000
accounts payable – third parties																																																															8,111,000
natural gas imbalance payable – third parties																																																															476,000
natural gas imbalance payable – affiliates																																																															1,339,000
long-term debt – third party																																																															110,000,000
balance at december 31, 2009																																																															200,250,000	200,250,000
net pre-acquisition contributions from parent																																																															7,914,000	7,914,000
elimination of net deferred tax liabilities																																																															92,203,000	92,203,000						76,500,000	76,500,000
contribution of granger assets																																																															-300,367,000	-300,367,000
contribution of assets from parent
contributions from noncontrolling interest owners
non-cash equity-based compensation
may 2010 equity offering, net of offering and other incomes
net income																																																															-1,218,000	-1,218,000			35,082,000	16,958,000
distributions to unitholders																																																																			-34,068,000	-17,029,000
distributions to noncontrolling interest owners
other																																																															1,218,000	1,218,000
balance at june 30, 2010
accounts receivable — affiliates																																																																6,165,000	2,203,000	1,145,000	3,731,000	7,759,000	3,235,000
accounts payable — third parties																																																																9,203,000	8,602,000	5,336,000
natural gas imbalance payable — third parties																																																																193,000	289,000	549,000	220,000	162,000	244,000	2,251,000	4,791,000
natural gas imbalance payable — affiliates																																																																1,512,000	1,319,000	736,000	1,119,000	1,844,000	1,198,000	303,000	305,000
accrued liabilities — third parties																																																																10,896,000	5,496,000	8,040,000	4,965,000	4,349,000	7,726,000	2,661,000
long-term debt — third party																																																																210,000,000
contributions from noncontrolling interest owners and parent
balance at march 31, 2010
accounts payable — affiliates
liabilities and partners’ capital
notes payable — anadarko																																																																		276,451,000
accounts payable																																																																			4,242,000	4,252,000	5,544,000	1,639,000	762,000
partners’ capital																																																																			653,521,000	653,471,000
total liabilities and partners’ capital																																																																			853,037,000	852,264,000
cash flows from operating activities
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization																																																																			17,373,000	8,621,000
changes in assets and liabilities:
increase in accounts receivable																																																																			-582,000	-5,940,000
increase in natural gas imbalance receivable																																																																			1,733,000
increase in accounts payable, accrued liabilities and natural gas imbalance payable																																																																			-327,000
change in other items																																																																			-124,000
net cash from operating activities																																																																			52,601,000	17,565,000
cash flows from investing activities
loan to anadarko
capital expenditures																																																																			-11,718,000	-6,546,000
investment in equity affiliate																																																																			-263,000
net cash from investing activities																																																																			-11,981,000	-6,546,000
cash flows from financing activities
proceeds from issuance of common units
reimbursement of capital expenditures to parent
net distributions to anadarko
net cash from financing activities																																																																			-34,068,000
net increase in cash and cash equivalents																																																																			6,552,000	-6,010,000
cash and cash equivalents at beginning of period																																																																			33,306,000	33,306,000
cash and cash equivalents at end of period																																																																			39,858,000	27,296,000
supplemental disclosures
contribution of net assets from parent
elimination of deferred tax liabilities
decrease in accrued capital expenditures																																																																			1,377,000	1,469,000
interest paid																																																																			1,821,000	1,454,000
(increase) in natural gas imbalance receivable																																																																				-590,000
increase in accounts payable and accrued expenses																																																																				-817,000
increase in other items																																																																				-112,000
net cash (used in) financing activities																																																																				-17,029,000
inventory																																																																					644,000
liabilities, partners’ capital and parent net equity
parent net equity and partners’ capital
total parent net equity and partners’ capital																																																																					654,954,000
total liabilities, parent net equity and partners’ capital																																																																					856,441,000
partners’ capital and parent net equity
total partners’ capital and parent net equity																																																																						654,039,000	641,869,000
total liabilities, partners’ capital and parent net equity																																																																						674,230,000	662,470,000
balance at december 31, 2007																																																																						281,316,000	281,316,000
net income attributable to the period from january 1, 2008 through may 13, 2008																																																																						13,878,000	13,878,000
reimbursement of capital expenditures by parent																																																																						-45,161,000	-45,346,000
net advance to parent																																																																						-4,924,000	-8,139,000
contribution of net assets to western gas partners, lp																																																																						-321,609,000	-318,209,000
issuance of common units to public, net of offering and other costs
net income attributable to the period from may 14, 2008 through september 30, 2008
balance at september 30, 2008
net income attributable to the period from may 14, 2008 through june 30, 2008
balance at june 30, 2008

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31

cash flows from operating activities
net income	359,032,000	196,269,000	348,872,000	350,762,000	316,552,000	341,580,000	295,892,000	387,564,000	586,216,000	295,752,000	284,398,000	259,516,000	208,341,000	345,034,000	273,581,000	315,171,000	317,670,000	250,849,000	263,638,000	238,277,000	191,235,000	270,776,000	254,135,000	281,341,000	-289,400,000	295,440,000	125,223,000	175,058,000	211,979,000	110,881,000	155,636,000	35,519,000	152,348,000	150,817,000	147,913,000	175,497,000	103,991,000	145,460,000	170,426,000	167,325,000	119,083,000	-427,063,000	163,494,000	113,338,000	86,794,000	94,409,000	106,540,000	98,482,000	91,127,000	89,228,000	81,776,000	62,060,000	52,888,000	-14,037,000	42,940,000	40,567,000	52,406,000	38,865,000	43,463,000	36,777,000	37,938,000	38,342,000	47,141,000	26,782,000	24,808,000	21,799,000	30,724,000	18,124,000	16,958,000	25,753,000	17,396,000	12,908,000	9,219,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	200,426,000	197,882,000	170,323,000	172,113,000	170,460,000	162,990,000	166,015,000	163,432,000	157,991,000	165,187,000	147,363,000	143,492,000	144,626,000	151,910,000	156,837,000	139,036,000	134,582,000	144,225,000	139,002,000	137,849,000	130,553,000	106,398,000	132,564,000	119,805,000	132,319,000	120,278,000	127,914,000	121,117,000	113,946,000	99,349,000	82,553,000	78,792,000	76,842,000	74,602,000	72,539,000	74,031,000	69,702,000	73,287,000	67,246,000	67,305,000	65,095,000																							13,555,000	13,683,000	10,423,000	12,269,000	8,752,000	8,621,000
long-lived asset and other impairments	608,000	2,509,000	11,562,000	686,000	3,000	2,000	4,651,000	1,530,000	23,000	4,000	245,000	234,000	52,401,000	20,491,000	4,000			1,345,000	1,594,000	12,738,000	14,866,000	3,314,000
non-cash equity-based compensation expense	10,854,000	21,386,000	10,456,000	10,713,000	8,248,000	9,421,000	8,759,000	10,391,000	9,423,000	9,970,000	7,171,000	7,665,000	7,199,000	6,538,000	6,464,000	7,038,000	7,743,000	6,842,000	6,979,000	7,121,000	6,734,000	5,935,000	5,616,000	5,677,000	5,234,000	6,005,000	3,996,000	3,125,000	2,368,000	1,533,000	1,603,000	1,454,000	1,563,000	1,349,000	1,180,000	1,184,000	1,209,000	1,165,000	1,179,000	1,160,000	1,231,000	931,000	1,127,000	1,095,000	1,035,000	710,000	1,023,000	1,037,000	1,150,000	957,000	882,000	878,000	804,000
deferred income taxes	621,000	1,708,000	224,000	299,000	1,713,000	33,000	13,919,000	29,000	230,000	90,000	99,000	-69,000	924,000	242,000	-163,000	788,000	1,132,000	-12,045,000	1,002,000	716,000	557,000	903,000	1,594,000	2,967,000	-2,168,000	1,008,000	1,716,000	820,000	4,065,000	-588,000	1,531,000	192,000	1,331,000	-1,424,000	115,000	639,000	3,128,000	234,000	341,000	128,000	1,852,000	-1,061,000	1,168,000	-1,933,000	3,758,000	1,941,000	179,000	173,000	290,000	-1,521,000	-22,000	105,000	1,124,000	191,000	12,000	25,000	477,000	171,000	5,221,000	17,000	-58,000	16,000	-1,059,000	14,000	-621,000	82,000	218,000	1,000	-555,000	-1,786,000	59,000	53,000	3,298,000
accretion and amortization of long-term obligations	882,000	815,000	1,896,000	2,032,000	2,202,000	2,354,000	2,221,000	2,473,000	2,190,000	2,174,000	1,882,000	2,403,000	1,692,000	1,783,000	1,773,000	1,804,000	1,782,000	1,762,000	1,871,000	1,914,000	2,088,000	2,172,000	2,185,000	2,197,000	2,100,000	1,942,000	3,651,000	1,337,000	1,511,000	1,259,000	1,257,000	1,248,000	1,378,000	1,060,000	1,055,000	1,038,000	1,101,000	5,387,000	-121,000	-14,522,000	5,467,000	5,402,000	5,226,000	4,958,000	2,112,000
equity income, net – related parties	-14,776,000	-21,378,000	-16,847,000	-27,128,000	-20,435,000	-28,158,000	-23,977,000	-27,431,000	-32,819,000	-36,120,000	-35,494,000	-42,324,000	-39,021,000	-44,095,000	-41,317,000	-48,464,000	-49,607,000	-45,308,000	-48,506,000	-58,666,000	-52,165,000	-49,962,000	-61,026,000	-54,415,000	-61,347,000
distributions from equity-investment earnings – related parties	15,763,000	21,756,000	17,798,000	28,082,000	23,337,000	28,295,000	26,087,000	27,700,000	29,304,000	39,272,000	33,026,000	43,262,000	39,609,000	46,443,000	43,306,000	50,534,000	45,870,000	48,744,000	54,009,000	61,715,000	49,048,000	58,821,000	63,660,000	63,288,000	60,868,000
loss on divestiture and other	6,367,000	3,065,000	2,470,000	911,000	4,667,000	2,655,000	-467,000	-59,342,000	-239,617,000	6,434,000	1,480,000	70,000	2,118,000	-104,560,000
other	-4,000	17,000	53,000	43,000	190,000	9,000	90,000	37,000	112,000	71,000	-28,000	199,000	200,000	211,000	163,000			214,000	5,000	30,000	11,000	1,000	-518,000	-1,577,000	2,287,000																								-857,000	186,000	-1,142,000
changes in assets and liabilities:
decrease in accounts receivable	-50,226,000	16,853,000	21,956,000	-31,425,000	28,634,000	-30,203,000	12,683,000	28,436,000	-53,714,000	-17,773,000	-60,614,000	4,078,000	-4,037,000	96,659,000
increase in accounts and imbalance payables and accrued liabilities	-28,316,000	52,513,000	-40,837,000	31,039,000	-46,684,000	56,949,000	8,161,000	13,338,000	-100,383,000	19,021,000	12,535,000	36,885,000	-136,460,000	-72,881,000	-17,840,000	97,201,000	-14,292,000	58,392,000	17,204,000	55,758,000	-16,467,000	106,623,000	-34,509,000	101,247,000	-28,924,000	38,524,000	11,808,000	-25,669,000	-55,529,000	-24,632,000	14,781,000	13,498,000	27,075,000	-10,937,000	45,982,000	-12,035,000	-29,940,000	34,256,000	26,330,000	-20,205,000	17,978,000
change in other items	-31,328,000	64,250,000	42,284,000	25,850,000	41,906,000	8,519,000	37,254,000	88,140,000	41,276,000	-10,782,000	11,289,000	42,225,000	24,832,000	41,444,000	-21,019,000	17,284,000	-2,918,000	59,465,000	-8,875,000	34,866,000	-35,600,000	21,481,000	-5,963,000	34,161,000	-24,857,000	22,638,000	-6,012,000	15,857,000	22,393,000	-10,176,000	9,379,000	5,655,000	9,015,000	-1,426,000	-3,181,000	131,000	-15,000	-2,922,000	-3,184,000	-1,309,000	3,048,000	1,020,000	147,000	-744,000	-1,220,000	1,825,000	-2,602,000	2,369,000	1,878,000	-10,572,000	-2,727,000	4,372,000	-809,000	3,244,000	-3,498,000	3,107,000	1,143,000	-1,909,000	-3,738,000	2,972,000	-10,000	874,000	-4,463,000	859,000	313,000	1,341,000	-1,274,000
net cash from operating activities	469,903,000	557,645,000	570,210,000	563,977,000	530,793,000	554,446,000	551,288,000	631,418,000	399,708,000	473,300,000	394,787,000	490,823,000	302,424,000	489,219,000	468,768,000	466,981,000	276,458,000	661,858,000	391,333,000	452,111,000	261,550,000	505,525,000	392,894,000	345,688,000	393,311,000	297,415,000	340,154,000	343,458,000	343,073,000	268,912,000	236,811,000	273,315,000	241,596,000	256,396,000	211,947,000	240,536,000	192,616,000	259,847,000	263,872,000	157,363,000	236,503,000	171,201,000	196,941,000	145,431,000	156,036,000	131,040,000	139,570,000	140,151,000	124,046,000	126,652,000	124,056,000	35,058,000	129,955,000	-48,127,000	128,710,000	71,524,000	94,566,000	69,684,000	87,377,000	58,289,000	55,064,000	58,258,000	75,882,000	40,023,000	42,911,000	34,307,000	27,050,000	35,036,000	17,565,000	55,820,000	15,748,000
cash flows from investing activities
capital expenditures	-235,726,000	-222,208,000	-184,758,000	-178,623,000	-142,402,000	-238,769,000	-189,434,000	-211,864,000	-193,789,000	-198,653,000	-201,857,000	-161,482,000	-173,088,000	-145,723,000	-150,148,000	-107,386,000	-83,971,000	-95,917,000	-79,829,000	-78,145,000	-59,783,000	-50,829,000	-59,197,000	-140,249,000	-172,816,000	-241,563,000	-242,841,000	-318,281,000	-386,144,000	-244,874,000	-298,926,000	-347,799,000	-302,297,000	-255,832,000	-158,713,000	-134,536,000	-125,944,000	-107,268,000	-116,802,000	-118,936,000	-136,987,000	-128,895,000	-135,216,000	-137,238,000	-200,940,000	-180,717,000	-132,535,000	-170,425,000	-189,327,000	-176,793,000	-129,922,000	-173,293,000	-166,463,000	-164,710,000	-147,538,000	-85,987,000	-61,071,000	-60,461,000	-45,078,000	-16,033,000	-13,923,000	-13,858,000	-53,385,000	-4,294,000	-5,297,000	-20,674,000	-29,782,000	-5,172,000	-6,546,000	-12,770,000	-9,793,000
free cash flows	234,177,000	335,437,000	385,452,000	385,354,000	388,391,000	315,677,000	361,854,000	419,554,000	205,919,000	274,647,000	192,930,000	329,341,000	129,336,000	343,496,000	318,620,000	359,595,000	192,487,000	565,941,000	311,504,000	373,966,000	201,767,000	454,696,000	333,697,000	205,439,000	220,495,000	55,852,000	97,313,000	25,177,000	-43,071,000	24,038,000	-62,115,000	-74,484,000	-60,701,000	564,000	53,234,000	106,000,000	66,672,000	152,579,000	147,070,000	38,427,000	99,516,000	42,306,000	61,725,000	8,193,000	-44,904,000	-49,677,000	7,035,000	-30,274,000	-65,281,000	-50,141,000	-5,866,000	-138,235,000	-36,508,000	-212,837,000	-18,828,000	-14,463,000	33,495,000	9,223,000	42,299,000	42,256,000	41,141,000	44,400,000	22,497,000	35,729,000	37,614,000	13,633,000	-2,732,000	29,864,000	11,019,000	43,050,000	5,955,000
contributions to equity investments – related parties	-1,768,000									0	-1,021,000	-22,000	-110,000	-733,000	-3,859,000	-2,970,000	-2,070,000	-752,000	-175,000	-3,422,000	-86,000
distributions from equity investments in excess of cumulative earnings – related parties	9,889,000	5,391,000	11,953,000	3,040,000	11,007,000	3,290,000	3,257,000	5,270,000	19,033,000	7,389,000	8,536,000	10,813,000	12,366,000	22,839,000	15,651,000	15,482,000	9,925,000	11,310,000	8,702,000	9,232,000	12,141,000	10,410,000	8,410,000	8,288,000	5,052,000
proceeds from the sale of assets to third parties		0	128,000	15,000	19,000	14,000	3,300,000	206,202,000	582,739,000	-27,000				263,010,000	15,000	713,000	383,000	100,000	-1,000							0	0	375,000	-33,000	3,606,000	46,000	170,000	116,000	194,000	78,000	23,258,000	34,000	37,671,000	7,682,000	-1,000	138,000	-1,138,000	146,971,000	0	22,000	0
decrease in materials and supplies inventory and other	-7,272,000	-23,459,000	11,149,000	1,594,000	-9,414,000	14,834,000	-7,824,000	-14,603,000	-10,691,000	330,000	-13,514,000	-799,000	-18,346,000	-2,469,000
net cash from investing activities	-234,877,000	-608,914,000	-161,528,000	-173,974,000	-140,790,000	-230,321,000	-190,701,000	-14,995,000	396,849,000	-1,068,707,000	-207,916,000	-151,490,000	-179,178,000	138,015,000	-185,305,000	-99,330,000	-71,617,000	-70,251,000	-80,883,000	-59,932,000	-46,472,000	-21,584,000	-71,669,000	-176,277,000	-178,724,000	-253,210,000	-269,475,000	-349,436,000	-2,515,732,000	-299,114,000	-334,031,000	-532,485,000	-294,168,000	-248,807,000	-151,666,000	-110,697,000	-252,434,000	-64,842,000	-87,868,000	-110,006,000	-842,818,000	-128,435,000	11,181,000	-145,210,000	-203,960,000	-1,708,187,000	-142,596,000	-194,079,000	-576,697,000	-189,662,000	-176,914,000	-277,602,000	-771,888,000	-171,184,000	-287,378,000	-88,262,000	-524,303,000	-63,798,000	-68,293,000	-15,944,000	-317,465,000	-13,458,000	-559,303,000	-4,603,000	-246,977,000	-20,792,000	-131,234,000	-5,435,000	-6,546,000	-195,865,000	-9,793,000
cash flows from financing activities
borrowings, net of debt issuance costs	-132,000	1,185,459,000	0			-149,000	790,399,000			647,722,000	844,786,000	736,225,000	220,000,000	0	755,000,000			80,000,000	300,000,000	0	100,000,000	0	95,000,000	0	3,586,173,000	218,945,000	1,240,000,000	280,000,000	2,430,750,000	213,927,000	798,098,000	14,000	1,337,525,000	120,000,000	90,000,000	160,000,000	-11,000	202,618,000	564,600,000	200,000,000	330,000,000	120,000,000	-88,000	629,694,000	140,000,000	510,000,000	59,983,000	159,153,000	917,742,000	114,937,000	347,618,000	110,002,000	384,946,000	156,357,000	-1,078,000	567,369,000	319,000,000
repayments of debt		-80,000,000	0	-336,758,000	-663,831,000	0	0	-129,349,000	-14,503,000	-650,000,000	-399,596,000	-605,194,000	-313,138,000	-250,000,000	-385,000,000			-300,000,000	-601,881,000	0	-531,085,000	-23,498,000	-197,241,000	-113,010,000	-3,470,139,000	0	-1,000,000,000	0	-467,595,000	0	-410,000,000	0	-630,000,000					-20,000,000	-590,000,000			0	-90,000,000	-490,000,000	-30,000,000	-170,000,000	0	-50,000,000	-430,000,000	-215,000,000	-250,000,000			0	0	-509,000,000	-40,000,000	0	-10,000,000
increase in outstanding checks	13,461,000	-4,859,000	4,542,000	-7,543,000	-113,000	-3,340,000	-16,454,000	13,406,000	766,000	3,757,000	2,710,000	-21,719,000	18,768,000	747,000	-11,579,000	20,126,000	-7,088,000	-9,874,000	17,345,000	-7,085,000	-22,017,000	20,008,000	5,377,000	2,622,000	-7,308,000	10,775,000	-3,542,000	228,000	-5,890,000	-519,000	2,670,000	1,327,000	-6,684,000	2,283,000	6,073,000	-3,787,000	1,024,000	3,149,000	244,000	-320,000	-994,000	-269,000	845,000	141,000	-2,468,000	-1,215,000	391,000	589,000	1,928,000	1,572,000	-1,526,000	999,000	-2,808,000
distributions to partnership unitholders	-379,675,000	-379,521,000	-355,254,000	-355,253,000	-340,996,000	-340,914,000	-340,859,000	-340,858,000	-223,438,000	-223,432,000	-221,442,000	-336,987,000	-196,569,000	-197,065,000	-197,744,000	-206,197,000	-134,749,000	-134,862,000	-134,662,000	-132,969,000	-131,265,000	-132,255,000	-140,900,000	-140,893,000	-281,786,000	-280,880,000	-279,959,000	-276,324,000	-131,910,000
distributions to chipeta noncontrolling interest owner	-2,117,000					-2,144,000	-550,000	-593,000	-1,085,000	-2,558,000	-1,613,000	-1,230,000	-2,240,000	-5,716,000	-1,838,000	-1,198,000	-1,984,000	-6,383,000	-1,213,000	-1,245,000	-276,000	-4,721,000	-1,148,000	-1,037,000	-1,738,000	-4,463,000	-1,407,000	-1,858,000	-1,935,000
distributions to noncontrolling interest owner of wes operating	-7,332,000	-8,049,000	-7,268,000	-7,268,000	-6,949,000	-6,948,000	-6,956,000	-6,955,000	-4,591,000	-4,590,000	-7,129,000	-6,860,000	-4,271,000	-4,721,000	-11,365,000	-6,007,000	-2,805,000	-5,050,000	-4,642,000
net cash from financing activities	-407,022,000	693,472,000	-361,126,000	-708,718,000	-1,032,020,000	-358,398,000	420,031,000	-567,550,000	-774,098,000	378,700,000	88,670,000	-238,025,000	-297,257,000	-499,671,000	-221,804,000	-518,466,000	-158,591,000	-489,470,000	-516,161,000	-142,982,000	-603,624,000	-177,064,000	-242,918,000	-261,955,000	-162,267,000	-61,673,000	-49,044,000	1,726,000	2,180,564,000	-10,018,000	174,653,000	-209,021,000	495,184,000	-81,210,000	-96,043,000	-63,952,000	-175,797,000	18,473,000	-189,324,000	1,931,000	616,761,000	-17,933,000	-222,690,000	28,908,000	39,509,000	1,576,364,000	-39,766,000	81,466,000	435,014,000	125,374,000	17,042,000	253,208,000	285,468,000	591,798,000	-51,890,000	235,172,000	242,796,000	-30,785,000	169,679,000	-10,491,000	266,168,000	-54,126,000	455,419,000	-26,241,000	189,305,000	446,000	117,581,000			146,961,000	-5,353,000
net increase in cash and cash equivalents	-171,996,000	642,203,000	47,556,000	-318,715,000	-642,017,000	-34,273,000	780,618,000	48,873,000	22,459,000	-216,707,000	275,541,000	101,308,000	-174,011,000	127,563,000	61,659,000	-150,815,000	46,250,000	102,137,000	-205,711,000	249,197,000	-388,546,000	306,877,000	78,307,000	-92,544,000	52,320,000	-17,468,000	21,635,000	-4,252,000	7,905,000	-40,220,000	77,433,000	-468,191,000	442,612,000	-73,621,000	-35,762,000	65,887,000	-235,615,000	213,478,000	-13,320,000	49,288,000	10,446,000	24,833,000	-14,568,000	29,129,000	-8,415,000	-783,000	-42,792,000	27,538,000	-17,637,000	62,364,000	-35,816,000	10,664,000	-356,465,000	372,487,000	-210,558,000	218,434,000	-186,941,000	-24,899,000	188,763,000	31,854,000	3,767,000	-9,326,000	-28,002,000			13,961,000	13,397,000	12,562,000	-6,010,000	6,916,000
cash and cash equivalents at beginning of period	819,491,000	0	0	0	1,090,464,000	0	0	0	272,787,000	0	0	0	286,656,000	0	0	0	201,999,000	0	0	0	444,922,000	0	0	0	99,962,000	0	0	0	92,142,000	0	0	0	78,814,000	0	0	0	357,925,000	0	0	0	98,033,000	0	0	0	67,054,000	0	0	0	100,728,000	0	0	0	419,981,000	0	0	0	226,559,000	0	0	0	27,074,000	0	0	0	69,984,000	0	2,768,000	0	33,306,000
cash and cash equivalents at end of period	647,495,000	642,203,000	47,556,000	-318,715,000	448,447,000	-34,273,000	780,618,000	48,873,000	295,246,000	-216,707,000	275,541,000	101,308,000	112,645,000	127,563,000	61,659,000	-150,815,000	248,249,000	102,137,000	-205,711,000	249,197,000	56,376,000	306,877,000	78,307,000	-92,544,000	152,282,000	-17,468,000	21,635,000	-4,252,000	100,047,000	-40,220,000	77,433,000	-468,191,000	521,426,000	-73,621,000	-35,762,000	65,887,000	122,310,000	213,478,000	-13,320,000	49,288,000	108,479,000	24,833,000	-14,568,000	29,129,000	58,639,000	-783,000	-42,792,000	27,538,000	83,091,000	62,364,000	-35,816,000	10,664,000	63,516,000	372,487,000	-210,558,000	218,434,000	39,618,000	-24,899,000	188,763,000	31,854,000	30,841,000	-9,326,000	-28,002,000	9,179,000	55,223,000	13,961,000	16,165,000	12,562,000	27,296,000	6,916,000	602,000
supplemental disclosures
interest paid, net of capitalized interest	124,776,000	62,750,000	120,264,000	78,059,000	119,905,000	53,798,000	129,510,000	46,654,000	130,885,000	48,665,000	119,907,000	25,131,000	133,245,000	41,171,000	132,402,000	32,501,000	149,289,000	26,103,000	160,624,000	34,301,000	153,979,000	42,200,000	144,351,000	87,518,000	75,844,000	61,648,000	94,461,000	60,815,000	76,871,000	34,574,000	50,942,000	34,410,000	28,514,000	39,515,000	29,415,000	39,740,000	28,656,000	23,956,000	28,556,000	35,750,000	18,223,000	34,108,000	18,447,000	24,571,000	17,594,000	24,144,000	17,158,000	12,240,000	14,106,000	12,124,000	11,458,000	12,272,000	11,244,000	11,582,000
accrued capital expenditures	97,352,000	17,592,000	-23,035,000	-3,741,000	88,894,000	-64,424,000	12,365,000	-608,000	116,751,000	-12,540,000	-4,316,000	25,399,000	91,067,000	10,398,000	20,077,000	15,057,000	36,821,000	6,155,000	1,493,000	4,628,000	22,964,000	4,851,000	-22,916,000	-77,042,000	120,233,000	-13,126,000	12,986,000	-62,415,000	203,509,000	17,401,000	-3,518,000	-47,272,000	229,484,000	38,577,000	65,694,000	14,758,000	85,280,000
income taxes paid	3,449,000	806,000	0							2,860,000	0	1,000	1,270,000	7,000	0	0	905,000	6,000
wes unit redemption with occidental	610,000,000
loss on early extinguishment of debt						0	0	-4,879,000	-524,000	0	-8,565,000			0
acquisitions from third parties						0	0	0	-443,000					891,000												0	0	0	-93,303,000	0	0			0	-11,000	0	-155,287,000					0	0							0	-27,600,000	-77,805,000	-134,869,000					0
commercial paper borrowings (repayments)						-1,000	0	-99,933,000	-510,379,000
unit repurchases										0	-127,500,000	-41,000	-7,061,000	-40,515,000	-367,858,000	-74,068,000	-5,149,000	-113,099,000	-88,125,000	0	-16,241,000
acquisition-related issuance of common units
asset retirement cost additions and revisions
proceeds from the sale of assets to related parties
net contributions from (distributions to) related parties														262,000	377,000	375,000	409,000	1,860,000	2,165,000	2,881,000	1,627,000	1,792,000	842,000	1,343,000	20,489,000
goodwill impairment																						0	0	0	441,017,000
cash paid to settle interest-rate swaps																						-6,440,000	-6,418,000
non-cash unit exchange with occidental																						0
(gain) loss on divestiture and other																1,150,000	-370,000	234,000	364,000	-1,225,000	583,000	-12,285,000	768,000	2,843,000	40,000	3,000	-248,000	1,061,000	590,000	-961,000	-65,000	-170,000	-116,000	2,629,000	-72,000	-15,458,000	-119,487,000	5,872,000	6,230,000
(gain) loss on early extinguishment of debt																		0	24,655,000	0	289,000	-862,000	-1,632,000	-1,395,000	-7,345,000
increase in accounts receivable																-114,696,000	-165,134,000	147,139,000	-61,609,000	-38,982,000	-30,182,000	-1,350,000	7,798,000	-207,838,000	7,702,000	-35,283,000	-12,418,000	-6,818,000	9,486,000	7,877,000	-57,535,000	21,639,000	-28,648,000	30,845,000	-56,335,000	10,876,000	-1,513,000	-7,839,000	-7,866,000	-45,800,000	12,558,000	18,490,000	22,031,000	-28,463,000	-17,672,000	37,191,000	-18,055,000	-12,371,000	-10,982,000	-6,632,000	-580,000	-48,468,000	21,661,000	-19,754,000	-872,000	1,094,000	4,709,000	15,915,000	735,000	-9,490,000	-8,251,000		6,385,000	-2,463,000	-4,381,000	-3,440,000	2,016,000	5,358,000	-5,940,000	4,351,000	-7,793,000	-548,000	-57,000
increase in materials and supplies inventory and other																-5,169,000	4,116,000	13,008,000	-9,580,000
(gain) loss on interest-rate swaps																										-37,640,000	68,389,000	58,947,000	35,638,000
acquisitions from related parties																				0	-2,000,000
registration expenses related to the issuance of partnership common units																										0	0	0	-855,000
above-market component of swap agreements with anadarko																										0	0	0	7,407,000	10,896,000	12,601,000	13,839,000	14,282,000	11,832,000	18,049,000
finance lease payments																		-1,218,000	-1,656,000	-1,823,000	-1,816,000	-1,966,000	-1,979,000	-8,111,000	-2,151,000
purchases from related parties
taxes paid																				0	932,000	0	0	0	-384,000	0	0	0	96,000	2,495,000	0	0	-87,000	1,005,000	0	0	189,000	771,000	0	0	67,000		0	0	-138,000	250,000	0	0	-340,000					0	423,000	0	72,000
decreases to materials and supplies inventory and other																					3,256,000
distributions to noncontrolling interest owners of wes operating																					-2,551,000	-3,889,000	-2,869,000	-2,869,000	-5,807,000	-5,795,000	-5,764,000	-5,667,000	-100,999,000
additions to materials and supplies inventory and other																						-616,000
net distributions to (contributions from) anadarko of other assets																																		-1,816,000	-997,000			0	227,000	-360,000	714,000	381,000	-340,000	4,378,000	348,000			0	-43,000	1,775,000	3,465,000			4,506,000
contributions to equity investments - related parties																							-2,953,000	-5,104,000	-10,960,000
long-lived asset impairments																								10,150,000	155,785,000
impairments																										1,985,000	3,107,000	797,000	390,000	75,630,000	25,317,000	127,243,000	148,000	8,295,000	2,159,000	3,178,000	164,742,000	4,222,000	2,392,000	2,403,000	6,518,000
equity income, net – affiliates																										-62,035,000	-53,893,000	-63,598,000	-57,992,000	-50,272,000	-43,110,000	-39,218,000	-20,424,000	-22,486,000	-21,519,000	-21,728,000	-19,461,000	-21,916,000	-20,294,000
distributions from equity-investment earnings – affiliates
lower of cost or market inventory adjustments																										0	67,000	162,000	7,000	568,000	33,000	8,000	143,000	5,000	0	95,000	45,000	127,000
contributions in aid of construction costs from affiliates																																		1,000	43,000	33,000	1,310,000	1,208,000	1,073,000	1,485,000	2,369,000					0	1,000
acquisitions from affiliates																										-425,000	0	0	-2,007,501,000	0				0	0			0	-1,266,000	-1,603,000	-713,596,000	-533,000	-2,163,000	-8,840,000	-1,128,000	-6,800,000	-11,441,000	0	-360,952,000	-6,827,000	-2,948,000	-1,215,000	-465,721,000	-5,759,000	-140,453,000	-2,275,000	-463,232,000	-3,837,000
investments in equity affiliates																										-20,275,000	-30,785,000	-40,790,000	-36,543,000	-65,356,000	-40,489,000			0	-97,000			-166,000	0	-335,000	474,000	-2,390,000	-2,282,000	-1,892,000	-4,878,000	-1,011,000	-4,022,000	-31,640,000	-27,605,000	-6,848,000	-15,302,000	-24,989,000	-4,835,000	-715,000				0	0	0	-93,000	0
distributions from equity investments in excess of cumulative earnings – affiliates																										9,053,000	4,151,000	9,260,000	7,792,000	7,510,000	5,592,000	4,492,000	8,013,000	6,830,000	7,034,000	5,768,000	3,453,000	4,646,000	5,981,000
proceeds from property insurance claims																																		0	0	-1,023,000	24,000,000	-933,000	15,454,000
settlement of the deferred purchase price obligation – anadarko																																		0	0
proceeds from the issuance of wes operating common units, net of offering expenses
net contributions from (distributions to) anadarko																										0	1,881,000	5,347,000	451,591,000					1,233,000	0	44,000	-14,000	5,844,000	-1,876,000	173,000	-27,632,000								23,788,000	0	-7,000	34,475,000	-29,960,000	83,151,000
finance lease payments – affiliates																										-255,000
accretion expense and revisions to the deferred purchase price obligation – anadarko																																		0	0	0	-4,094,000
fair value of properties and equipment from non-cash third-party transactions
distributions from equity investment earnings – affiliates																											66,854,000	61,262,000	54,221,000	50,472,000	45,431,000	27,455,000	20,941,000	23,067,000	22,111,000	23,088,000	19,114,000	22,514,000	21,152,000
proceeds from the sale of assets to affiliates																																						0	10,000			225,000	0							3,000
proceeds from the issuance of common units, net of offering expenses																																		0	0	-25,000	-158,000		0	0	25,000,000
proceeds from the issuance of series a preferred units, net of offering expenses																																						0	-3,000	246,940,000	440,000,000
distributions to unitholders																														-230,239,000	-225,691,000	-221,133,000	-216,586,000	-212,038,000	-207,491,000	-196,206,000	-185,565,000	-181,649,000	-176,909,000	-160,792,000	-152,588,000	-146,160,000	-139,736,000	-133,203,000	-126,044,000	-111,608,000	-105,654,000	-98,750,000	-92,609,000	-83,986,000	-79,314,000	-70,144,000	-65,657,000	-56,345,000	-52,425,000	-46,053,000	-43,027,000	-40,323,000	-36,063,000	-33,168,000	-30,564,000	-26,381,000	-24,378,000	-22,042,000	-21,393,000	-18,289,000	-17,709,000	-17,039,000	-17,029,000	-16,247,000
distributions to noncontrolling interest owner																														-4,083,000	-3,025,000	-3,068,000	-3,353,000	-4,520,000	-2,674,000	-3,005,000	-3,370,000	-2,527,000	-3,797,000	-3,622,000	-3,838,000	-2,037,000	-2,975,000	-4,025,000	-3,150,000		-3,400,000	-3,825,000	-4,124,000
fair value of properties and equipment from non-cash third party transactions																																		0	0	2,825,000	548,628,000
above-market component of swap extensions with anadarko																																					12,297,000	11,038,000	18,417,000	9,552,000	6,813,000	10,533,000
proceeds from the issuance of common and general partner units, net of offering expenses																																										0	-23,000	26,301,000	31,075,000	602,987,000	8,914,000	74,299,000	18,289,000	312,977,000
proceeds from the issuance of class c units
acquisition of dbjv from anadarko																																						25,015,000	-12,725,000			0	0	0	174,276,000
capital lease asset transfer																																														0	0
equity income																																									-16,814,000	-12,114,000	-21,976,000	-18,941,000	-18,220,000	-16,514,000	-19,063,000	-13,008,000	-9,251,000
distributions from equity investment earnings																																									19,855,000	21,409,000	21,611,000	20,328,000	18,706,000	19,906,000	16,268,000	16,524,000	10,269,000
gain on divestiture and other																																									632,000
distributions from equity investments in excess of cumulative earnings																																									4,784,000	3,835,000	3,871,000	5,574,000	2,964,000	3,668,000	4,539,000	7,804,000	2,044,000
contributions from noncontrolling interest owner
net contributions from anadarko																																										0	1,371,000	0	30,096,000	0	0
depreciation, amortization and impairments																																											65,688,000	65,961,000	70,292,000	53,147,000	45,651,000	43,746,000	40,612,000	39,365,000	37,615,000	36,496,000	32,440,000	35,991,000	27,528,000	27,156,000	26,586,000	22,942,000	24,243,000	21,711,000	19,558,000	18,335,000
gain on divestiture
increase in accounts and natural gas imbalance payables and accrued liabilities																																											15,669,000	-10,168,000	10,451,000	-62,266,000	8,942,000	2,521,000	-1,727,000	15,134,000	6,482,000	-20,951,000	21,287,000	-59,798,000	62,600,000	-425,000	9,245,000	-6,300,000	17,453,000	6,302,000	5,887,000
debt-related amortization and other items																																														691,000	687,000	678,000	680,000	693,000	630,000	566,000	560,000
contributions from noncontrolling interest owners																																																		0	1,150,000	0	1,097,000	2,220,000	5,573,000	11,466,000	9,849,000	16,761,000	9,487,000	6,429,000	960,000
distributions to noncontrolling interest owners																																																		-5,126,000	-3,341,000	-2,010,000	-2,650,000	-3,000,000	-3,964,000	-5,194,000	-5,145,000	-7,259,000	-2,724,000	-3,131,000	-4,364,000		-3,930,000	-3,577,000	-2,806,000
net distributions to anadarko of other assets																																														4,335,000
capitalized interest on equity investments
proceeds from sale of assets to affiliates																																																						0				0
proceeds from issuance of common and general partner units, net of offering expenses																																																				424,886,000	500,000	409,415,000	-112,000			-31,000
proceeds from sale of assets to third parties
revolving credit facility issuance costs
elimination of net deferred tax liabilities																																																							0	0	106,504,000	0												50,436,000	0
transfer of brasada and lancaster capital expenditures																																																							0	0	19,197,000
increase in accrued capital expenditures																																																							-10,906,000	36,419,000	17,752,000	-4,134,000	5,404,000	4,963,000	-726,000	586,000
interest received																																																							4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000	4,225,000
net contributions from (distributions to) parent																																																								10,000	2,119,000	67,000
net distributions of other assets to parent
interest paid																																																								16,200,000	1,986,000	15,854,000	1,703,000	3,262,000	5,009,000	6,219,000	4,210,000	3,397,000	2,671,000	4,346,000	3,205,000	367,000	1,454,000
contribution of assets (to) from parent																																																										0
borrowings, net of issuance costs																																																											10,000,000
acquisition from affiliates
acquisition from third parties																																																												0	-303,602,000
proceeds from sale of assets to affiliate																																																												89,000	153,000	0
proceeds from issuance of common and general partner units
net contributions from parent
contribution of assets from parent
borrowings under revolving credit facility, net of issuance costs																																																													556,340,000				209,987,000
repayments of revolving credit facility																																																													-139,000,000
repayment of wattenberg term loan																																																													-250,000,000
proceeds from issuance of common and general partner units, net of 5.4 million in offering and other incomes																																																													132,796,000
net distributions to parent
decrease in natural gas imbalance receivables
loan to anadarko																																																																						0	0
proceeds from sale of assets to third party																																																														400,000
proceeds from issuance of common and general partner units, net of 14.7 million, 5.5 million and 28.2 million in offering and other expenses for the years ended december 31, 2010, 2009 and 2008, respectively
borrowings on revolving credit facility, net of issuance cost
issuance of wattenberg term loan																																																														0
issuance of notes payable to anadarko
repayment of note payable to anadarko
reimbursement to parent from offering proceeds
contributions from noncontrolling interest owners and parent																																																														0	0	68,000	1,985,000	-483,000
distributions to noncontrolling interest owners and parent																																																																		-2,261,000
significant non-cash investing and financing transactions:
contribution of initial assets from parent
property, plant and equipment and other assets contributed by parent
increase in natural gas imbalance receivable																																																																	-15,000		-223,000
increase in accounts payable, accrued liabilities and natural gas imbalance payable																																																															1,346,000				-16,680,000
wattenberg acquisition from affiliate
white cliffs acquisition from affiliate
white cliffs acquisition from third party
granger acquisition from affiliate
chipeta acquisition from affiliate
repayments of borrowings under revolving credit facility
issuance of note payable to anadarko
proceeds from issuance of common units, net of 4.3 million in offering and other incomes
non-cash contribution of assets from parent
decrease in natural gas imbalance receivable																																																																								-58,000	76,000
granger acquisition																																																																0	-241,680,000
investment in equity affiliate																																																																		-118,000	-1,000
borrowings under revolving credit facility, net of repayments and issuance costs
may 2010 equity offering, net of 4.3 million in offering and other incomes
net pre-acquisition contributions from parent
decrease in accrued capital expenditures																																																																-181,000	358,000			-92,000	1,469,000		169,000	-122,000	1,056,000
decrease (increase) in accounts payable, accrued liabilities and natural gas imbalance payable																																																																	9,124,000
net pre-acquisition contributions from (distributions to) parent																																																																	1,532,000
net decrease in cash and cash equivalents																																																																	-14,761,000
impairment
(increase) in natural gas imbalance receivable																																																																					-590,000
increase in accounts payable, accrued expenses and natural gas imbalance payable
acquisitions
proceeds from issuance of common and general partner units, net of 5.5 million and 28.2 million in offering and other incomes for the years ended december 31, 2009 and 2008, respectively
issuance of note payables to anadarko
repayment of note payables to anadarko
net pre-acquisition contributions from (distributions to) anadarko
chipeta acquisition
proceeds from issuance of common units
net pre-acquisition distributions from anadarko
contribution of net assets from parent
net carrying value of chipeta assets in excess of consideration paid
elimination of deferred tax liabilities
reimbursement of capital expenditures to parent																																																																							185,000
net distributions to anadarko
increase in accounts payable and accrued expenses																																																																					-817,000	4,024,000	-487,000
increase in other items																																																																					-112,000	1,115,000	511,000
net cash (used in) financing activities																																																																					-17,029,000
depreciation																																																																						12,856,000	7,145,000	6,554,000	6,456,000
powder river acquisition
investment in equity — affiliate
proceeds from issuance of common units, net of 5.9 million in offering expenses																																																																						1,000
net (distributions to) contributions from parent
contribution of initial assets to western gas partners, lp from parent
value of consideration paid in excess of net carrying value of powder river assets
property, plant and equipment contributed by parent
net advance to parent																																																																							3,215,000	4,948,000	-13,087,000
contribution of net assets to western gas partners, lp from parent																																																																							3,400,000
cash flow from operating activities
cash flow from investing activities
cash flow from financing activities
net increase in cash
adjustments to reconcile net income to cash from operating activities:
increase/(decrease) in accounts payable and accrued expenses																																																																									758,000
increase/(decrease) in other items																																																																									-1,000
cash from operating activities																																																																									19,749,000
other investing activities																																																																									-2,000
cash from investing activities																																																																									-6,662,000
cash from financing activities																																																																									-13,087,000
cash at beginning of period
cash at end of period
•

Western Midstream Partners, LP(NYSE:WES)

Western Midstream Partners, LP
(NYSE:WES)