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.

Type
Public
Parent Company
Western Gas Equity Partners
HQ
The Woodlands, US
Founded
2007
Size (employees)
392 (est)+8%
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 Data and Metrics

Western Gas Financial Metrics

Western Gas's revenue was reported to be $1.8 b in FY, 2016 which is a 3% increase from the previous period.
USD

Revenue (FY, 2016)

1.8 b

Revenue growth (FY, 2015 - FY, 2016), %

3%

Gross profit (FY, 2016)

1.3 b

Gross profit margin (FY, 2016), %

73%

Net income (FY, 2016)

597 m

EBIT (FY, 2016)

704.5 m

Market capitalization (26-Jun-2017)

7.7 b

Closing share price (26-Jun-2017)

53.3

Cash (31-Dec-2016)

359.1 m
Western Gas's current market capitalization is $7.7 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

Gross profit Margin, %

66%70%70%73%

General and administrative expense

35.1 m41.8 m41.2 m49.2 m

Operating expense total

735.6 m1 b1.7 b1.2 b

Depreciation and amortization

149.8 m186.5 m244.2 m

EBIT

317.1 m551.5 m154.2 m704.5 m

EBIT margin, %

29%36%9%39%

Interest expense

18.8 m30.3 m42.1 m51.8 m76.8 m113.9 m116.6 m

Pre tax profit

284.2 m492.6 m63.2 m605.4 m

Income tax expense

21.7 m32.2 m20.7 m2.3 m39.1 m45.5 m8.4 m

Net Income

282.4 m387.4 m(66.5 m)597 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

Total Assets

4.3 b6.8 b6.7 b7.7 b

Current Liabilities

190.5 m202.6 m199.2 m315.4 m

Non-Current Liabilities

1.5 b2.5 b3 b3.3 b

Total Liabilities

1.7 b2.7 b3.2 b3.6 b
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

Purchases of PP&E

(476.7 m)(78.1 m)(12.7 m)(716.5 m)

Capital Expenditures

(646.5 m)(673 m)(602.3 m)(480 m)

Cash From Investing Activities

(1.4 b)(2.6 b)(466.4 m)(1.1 b)

Long-term Borrowings

(710 m)(650 m)(610 m)(900 m)

Cash From Financing Activities

681.1 m2.1 b(172.2 m)451.8 m

Income Taxes Paid

552 k(90 k)838 k

Free Cash Flow

1.1 b1.2 b1.3 b1.4 b
USDY, 2016

Revenue/Employee

5 m

Western Gas Market Value History

Western Gas Company Life and Culture

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