Western Gas

Western Gas Partners, LP is a growth-oriented Delaware master limited partnership formed by Anadarko to own, operate, acquire and develop midstream energy assets. WES’s assets are located in East, West and South Texas, the Rocky Mountains (Colorado, Utah and Wyoming), North-Central Pennsylvania and the Mid-Continent (Kansas and Oklahoma), and WES is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids and crude oil for Anadarko, as well as third-party producers and customers.

Company Growth (employees)
Type
Public
Parent Company
Western Gas Equity Partners
HQ
The Woodlands, US
Founded
2007
Size (employees)
392 (est)
Western Gas was founded in 2007 and is headquartered in The Woodlands, US

Western Gas Office Locations

Western Gas has an office in The Woodlands
The Woodlands, US (HQ)
1201 Lake Robbins Dr

Western Gas Financials and Metrics

Western Gas Financials

Western Gas's revenue was reported to be $1.8 b in FY, 2016
USD

Net income (Q3, 2017)

147.9 m

EBIT (Q3, 2017)

179.5 m

Market capitalization (11-Dec-2017)

17.9 b

Cash (30-Sep-2017)

152.4 m

EV

21.1 b
Western Gas's current market capitalization is $17.9 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

869.4 m894.5 m1.1 b1.5 b1.8 b1.8 b

Revenue growth, %

3%21%41%14%3%

Cost of goods sold

373.2 m458.4 m528.4 m494.2 m

Gross profit

712.3 m1.1 b1.2 b1.3 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

402.4 m

General and administrative expense

8.7 m9.3 m11.3 m10.9 m11.4 m12.7 m10.6 m12.2 m

Operating expense total

286.5 m291.7 m245.9 m272.7 m312.1 m522.5 m379.1 m416.8 m

EBIT

134.8 m192.6 m153.4 m176.4 m197.3 m138.4 m207.6 m179.5 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

70 m27.1 m226.6 m420 m100.7 m67.1 m98 m359.1 m

Accounts Receivable

84.1 m98.1 m181 m223 m

Current Assets

194.8 m175.2 m286.9 m595.6 m

Goodwill

105.3 m384.4 m389.7 m417.6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

38.4 m83.1 m110.6 m67.8 m58.6 m87.8 m73.2 m108.5 m157.8 m144.4 m122.3 m188.2 m152.4 m

Accounts Receivable

75.8 m100.6 m109 m126.3 m144.2 m172.7 m150.5 m179.8 m221.8 m214.2 m152.7 m136.4 m192.5 m

Current Assets

122.9 m191.1 m224.2 m201 m213.3 m272.1 m235.1 m291.8 m385.3 m367.8 m285.6 m334.8 m358.3 m

Goodwill

105.3 m105.3 m105.3 m105.3 m393 m393 m387.6 m419.2 m419.2 m419.2 m417.6 m417.6 m417.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

286 m390.6 m(63.4 m)597 m

Depreciation and Amortization

244.2 m272.9 m

Accounts Receivable

(34 m)(4.2 m)(5.6 m)(49 m)

Cash From Operating Activities

415.7 m534.8 m669.6 m913.1 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

196.7 m91.1 m189.6 m296.1 m86.8 m200.1 m363.6 m119.1 m286.4 m456.8 m104 m279.5 m427.4 m

Depreciation and Amortization

65.1 m132.4 m199.6 m69.7 m143.7 m216.3 m

Accounts Receivable

(27.4 m)(11 m)(23.4 m)(41.4 m)(17.7 m)(46.1 m)(24.1 m)12.6 m(33.2 m)(41.1 m)(1.5 m)9.4 m(47 m)

Cash From Operating Activities

289.1 m124 m264.2 m403.8 m156 m301.5 m498.4 m236.5 m393.9 m657.7 m192.6 m433.2 m645.1 m
Y, 2017

EV/EBIT

117.4 x

EV/CFO

32.7 x

EV/FCF

93.3 x
Show all financial metrics

Western Gas Market Value History

Western Gas's Web-traffic and Trends

Western Gas Company Life and Culture

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