HOUSTON, Nov. 4, 2019/PRNewswire / -- Today, Western Midstream Partners, LP (NYSE: WES) ('WES' or the 'Partnership') announced third-quarter 2019 financial and operating results. Net income (loss) available to limited partners for the third quarter of 2019 totaled $121.2 million, or $0.27per common unit (diluted), with third-quarter 2019 Adjusted EBITDA(1) totaling $410.2 millionand third-quarter 2019 Distributable cash flow(1) totaling $304.4 million.

RECENT HIGHLIGHTS

  • Achieved record West Texas Complex gas throughput of 1.27 Bcf/d for third quarter, representing an 8% sequential-quarter increase
  • Achieved record DelawareBasin water throughput of 580 MBbls/d for third quarter, representing a 13% sequential-quarter increase
  • Achieved record DJ Basin and West Texasoil throughput of 275 MBbls/d for third quarter, representing a 9% sequential-quarter increase
  • Estimated 2019 total capital expenditures near the 2019 low-end guidance range of $1.3 billionto $1.4 billion
  • Estimated preliminary 2020 outlook to include meaningful year-over-year Adjusted EBITDA growth and a total capital expenditures reduction

For the third quarter of 2019, WES declared a per-unit quarterly distribution of $0.6200. This represents WES's 27th consecutive quarterly distribution increase and is consistent with WES's 2019 annual distribution growth-guidance range of 5% to 6%. The third-quarter 2019 Coverage ratio(1) was 1.08 times.

(1) Please see the tables at the end of this release for a reconciliation of GAAP to non-GAAP measures and calculation of the Coverage ratio.

'We continue to experience strong throughput growth in the DJ and Delaware Basins, where we are well-positioned to support Oxy's future development plans and service our highly valued third-party customers,' said Chief Executive Officer, Michael Ure. 'Our extensive and highly leverageable assets and dedicated workforce throughout these two basins enable us to pace our growth with that of Oxy and to adopt a renewed focus on attracting meaningful and sustainable third-party business.'

Third-quarter 2019 total natural gas throughput(1) averaged 4.2 Bcf/d, representing a 2% sequential-quarter decline and a 6% increase from third-quarter 2018. Excluding the effects of since-resolved downstream constraints impacting our Rockies assets, third-quarter natural gas throughput would have been approximately 110 MMcf/d higher than reported and would have represented a 1% sequential-quarter increase and a 9% increase from third-quarter 2018. Third-quarter 2019 total throughput of crude oil, NGLs, and produced-water assets(1) averaged 1,191 MBbls/d, representing an 8% sequential-quarter increase and a 28% increase from third-quarter 2018. Third-quarter 2019 capital expenditures(2), including equity investments and excluding acquisitions and capitalized interest, totaled $265.2 millionon a cash basis and $278.2 millionon an accrual basis, with cash maintenance capital expenditures totaling $29.2 million.

PRELIMINARY 2020 OUTLOOK

  • Total capital expenditures are expected to decline 20% - 30%, compared to the midpoint of 2019 guidance
  • Adjusted EBITDA is expected to grow approximately 10% year-over-year
  • Maintenance capital is expected to remain largely consistent as a percentage of Adjusted EBITDA, compared to 2019

'Our 2020 goals will encompass delivering capital-efficient, organic growth from our DJ and DelawareBasin assets,' said Michael Ure. 'With our backbone infrastructure in place, we remain committed to driving operational efficiencies alongside additional growth that should enable sustained distribution increases.'

(1) Represents total throughput attributable to WES, which excludes the 25% third-party interest in Chipeta and the 2.0% Occidental subsidiary-owned limited partner interest in WES Operating, which collectively represent WES's noncontrolling interests as of September 30, 2019.

(2) Excludes capital expenditures associated with the 25% third-party interest in Chipeta.

CONFERENCE CALL TOMORROW AT 1 P.M. CST

WES will host a conference call on Tuesday, November 5, 2019, at 1:00 p.m. Central Standard Time(2:00 p.m. Eastern Standard Time) to discuss third-quarter 2019 results. Individuals who would like to participate should dial 877-883-0383 (Domestic) or 412-902-6506 (International) approximately 15 minutes before the scheduled conference call time and enter participant access code 1868618. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnership's website at www.westernmidstream.com. A replay of the conference call also will be available on the website for two weeks following the call.

ABOUT WESTERN MIDSTREAM

Western Midstream Partners, LP ('WES') is a Delawaremaster limited partnership formed to acquire, own, develop, and operate midstream assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania, Texasand New Mexico, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids, and crude oil; and gathering and disposing of produced water for Occidental and third-party customers. In addition, in its capacity as a processor of natural gas, WES also buys and sells natural gas, NGLs, and condensate on behalf of itself and as agent for its customers under certain of its contracts.

For more information about Western Midstream Partners, LP, please visit www.westernmidstream.com.

This news release contains forward-looking statements. WES's management believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release. These factors include the ability to meet financial guidance or distribution growth expectations; the ability to safely and efficiently operate WES's assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; the ability to meet projected in-service dates for capital growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the 'Risk Factors' section of WES's most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission and in its other public filings and press releases. Western Midstream Partners, LP undertakes no obligation to publicly update or revise any forward-looking statements.

WESTERN MIDSTREAM CONTACTS

Kristen Shults
Vice President, Investor Relations and Communications
Kristen_Shults@Oxy.com
832.636.6000

Jack Spinks
Manager, Investor Relations
Jack_Spinks@Oxy.com
832.636.6000

Western Midstream Partners, LP
RECONCILIATION OF GAAP TO NON-GAAP MEASURES

Below are reconciliations of (i) net income (loss) (GAAP) to WES's Distributable cash flow (non-GAAP), (ii) net income (loss) (GAAP) and net cash provided by operating activities (GAAP) to Adjusted EBITDA attributable to Western Midstream Partners, LP ('Adjusted EBITDA') (non-GAAP), and (iii) operating income (loss) (GAAP) to Adjusted gross margin attributable to Western Midstream Partners, LP ('Adjusted gross margin') (non-GAAP), as required under Regulation G of the Securities Exchange Act of 1934. Management believes that WES's Distributable cash flow, Adjusted EBITDA, Adjusted gross margin, and Coverage ratio are widely accepted financial indicators of WES's financial performance compared to other publicly traded partnerships and are useful in assessing WES's ability to incur and service debt, fund capital expenditures, and make distributions. Distributable cash flow, Adjusted EBITDA, Adjusted gross margin, and Coverage ratio, as defined by WES, may not be comparable to similarly titled measures used by other companies. Therefore, WES's Distributable cash flow, Adjusted EBITDA, Adjusted gross margin, and Coverage ratio should be considered in conjunction with net income (loss) attributable to Western Midstream Partners, LP and other applicable performance measures, such as operating income (loss) or cash flows from operating activities.

WES defines 'Distributable cash flow' as Adjusted EBITDA, plus interest income and the net settlement amounts from the sale and/or purchase of natural gas, condensate, and NGLs under WES Operating's commodity-price swap agreements to the extent such amounts are not recognized as Adjusted EBITDA, less Service revenues - fee based recognized in Adjusted EBITDA in excess of (less than) customer billings, net cash paid (or to be paid) for interest expense (including amortization of deferred debt issuance costs originally paid in cash, offset by non-cash capitalized interest), maintenance capital expenditures, income taxes, and Distributable cash flow attributable to noncontrolling interests to the extent such amounts are not excluded from Adjusted EBITDA.

WES defines Adjusted EBITDA as net income (loss), plus distributions from equity investments, non-cash equity-based compensation expense, interest expense, income tax expense, depreciation and amortization, impairments, and other expense (including lower of cost or market inventory adjustments recorded in cost of product), less gain (loss) on divestiture and other, net, income from equity investments, interest income, income tax benefit, other income, and the noncontrolling interests owners' proportionate share of revenues and expenses.

WES defines Adjusted gross margin as total revenues and other (less reimbursements for electricity-related expenses recorded as revenue), less cost of product, plus distributions from equity investments, and excluding the noncontrolling interests owners' proportionate share of revenues and cost of product.

Western Midstream Partners, LP

RECONCILIATION OF GAAP TO NON-GAAP MEASURES (CONTINUED)

Distributable Cash Flow

Three Months Ended

September 30,

Nine Months Ended

September 30,

thousands except Coverage ratio

2019

2018(1)

2019

2018(1)

Reconciliation of Net income (loss) to Distributable cash flow and calculation of the Coverage ratio

Net income (loss)

$

125,223

$

198,560

$

512,260

$

446,737

Add:

Distributions from equity investments

71,005

66,493

203,540

145,650

Non-cash equity-based compensation expense

4,137

1,614

10,278

5,766

Non-cash settled interest expense, net

20

-

20

-

Income tax (benefit) expense

1,309

15,005

12,679

36,193

Depreciation and amortization

127,914

97,479

362,977

270,757

Impairments

3,107

27,902

4,294

155,286

Above-market component of swap agreements with Anadarko

-

12,601

7,407

40,722

Other expense

67,961

33

161,813

184

Less:

Recognized Service revenues - fee based in excess of (less than) customer billings

(3,934)

6,014

(22,230)

8,971

Gain (loss) on divestiture and other, net

248

65

(1,403)

351

Equity income, net - affiliates

53,893

54,215

175,483

133,874

Cash paid for maintenance capital expenditures

29,298

32,620

94,888

81,537

Capitalized interest

8,386

8,449

20,933

25,283

Cash paid for (reimbursement of) income taxes

-

-

96

(87)

Other income

-

655

-

2,749

Distributable cash flow attributable to noncontrolling interests (2)

8,401

9,399

27,464

27,138

Distributable cash flow

$

304,384

$

308,270

$

980,037

$

821,479

Distributions declared

Distributions from WES Operating

$

283,881

$

843,804

Less: Cash reserve for the proper conduct of WES's business

3,001

6,641

Distributions to WES unitholders (3)

$

280,880

$

837,163

Coverage ratio

1.08

x

1.17

x

(1)

Financial information has been recast to include the financial position and results attributable to the assets acquired from Anadarko Petroleum Corporation in February 2019 (the 'Anadarko Midstream Assets' or 'AMA').

(2)

For all periods presented, includes (i) the 25% third-party interest in Chipeta and (ii) the 2.0% Occidental subsidiary-owned limited partner interest in WES Operating, which collectively represent WES's noncontrolling interests as of September 30, 2019.

(3)

Reflects cash distributions of $0.62000 and $1.84800 per unit declared for the three and nine months ended September 30, 2019, respectively.

Western Midstream Partners, LP

RECONCILIATION OF GAAP TO NON-GAAP MEASURES (CONTINUED)

Adjusted EBITDA

Three Months Ended

September 30,

Nine Months Ended

September 30,

thousands

2019

2018(1)

2019

2018 (1)

Reconciliation of Net income (loss) to Adjusted EBITDA

Net income (loss)

$

125,223

$

198,560

$

512,260

$

446,737

Add:

Distributions from equity investments

71,005

66,493

203,540

145,650

Non-cash equity-based compensation expense

4,137

1,614

10,278

5,766

Interest expense

78,524

48,869

223,872

129,129

Income tax expense

1,309

15,005

12,679

36,193

Depreciation and amortization

127,914

97,479

362,977

270,757

Impairments

3,107

27,902

4,294

155,286

Other expense

67,961

33

161,813

184

Less:

Gain (loss) on divestiture and other, net

248

65

(1,403)

351

Equity income, net - affiliates

53,893

54,215

175,483

133,874

Interest income - affiliates

4,225

4,225

12,675

12,675

Other income

-

655

-

2,749

Adjusted EBITDA attributable to noncontrolling interests (2)

10,601

10,976

33,495

30,950

Adjusted EBITDA

$

410,213

$

385,819

$

1,271,463

$

1,009,103

Reconciliation of Net cash provided by operating activities to Adjusted EBITDA

Net cash provided by operating activities

$

340,154

$

335,869

$

1,026,685

$

965,195

Interest (income) expense, net

74,299

44,644

211,197

116,454

Uncontributed cash-based compensation awards

141

(55)

789

932

Accretion and amortization of long-term obligations, net

(3,651)

(1,283)

(6,499)

(4,659)

Current income tax (benefit) expense

(407)

(19,432)

6,078

(47,102)

Other (income) expense, net (3)

(495)

(655)

(1,397)

(2,749)

Distributions from equity investments in excess of cumulative earnings - affiliates

4,151

6,184

21,203

19,816

Changes in assets and liabilities:

Accounts receivable, net

12,418

56,281

9,750

64,853

Accounts and imbalance payables and accrued liabilities, net

(11,808)

(19,041)

69,390

(61,081)

Other items, net

6,012

(5,717)

(32,238)

(11,606)

Adjusted EBITDA attributable to noncontrolling interests (2)

(10,601)

(10,976)

(33,495)

(30,950)

Adjusted EBITDA

$

410,213

$

385,819

$

1,271,463

$

1,009,103

Cash flow information

Net cash provided by operating activities

$

1,026,685

$

965,195

Net cash used in investing activities

(3,134,643)

(1,798,702)

Net cash provided by (used in) financing activities

2,133,246

886,796

(1)

Financial information has been recast to include the financial position and results attributable to AMA.

(2)

For all periods presented, includes (i) the 25% third-party interest in Chipeta and (ii) the 2.0% Occidental subsidiary-owned limited partner interest in WES Operating, which collectively represent WES's noncontrolling interests as of September 30, 2019.

(3)

Excludes non-cash losses on interest-rate swaps of $68.3 million and $162.9 million for the three and nine months ended September 30, 2019, respectively.

Western Midstream Partners, LP

RECONCILIATION OF GAAP TO NON-GAAP MEASURES (CONTINUED)

Adjusted Gross Margin

Three Months Ended

September 30,

Nine Months Ended

September 30,

thousands

2019

2018(1)

2019

2018(1)

Reconciliation of Operating income (loss) to Adjusted gross margin

Operating income (loss)

$

268,725

$

257,554

$

897,713

$

596,635

Add:

Distributions from equity investments

71,005

66,493

203,540

145,650

Operation and maintenance

176,572

129,042

467,832

338,626

General and administrative

30,769

16,022

83,640

47,448

Property and other taxes

15,281

13,146

45,848

41,496

Depreciation and amortization

127,914

97,479

362,977

270,757

Impairments

3,107

27,902

4,294

155,286

Less:

Gain (loss) on divestiture and other, net

248

65

(1,403)

351

Equity income, net - affiliates

53,893

54,215

175,483

133,874

Reimbursed electricity-related charges recorded as revenues

23,969

17,485

60,747

50,204

Adjusted gross margin attributable to noncontrolling interests (2)

15,619

14,445

47,203

40,334

Adjusted gross margin

$

599,644

$

521,428

$

1,783,814

$

1,371,135

Adjusted gross margin for natural gas assets

$

401,380

$

376,131

$

1,226,302

$

1,048,185

Adjusted gross margin for crude oil, NGLs, and produced-water assets

198,264

145,297

557,512

322,950

(1)

Financial information has been recast to include the financial position and results attributable to AMA.

(2)

For all periods presented, includes (i) the 25% third-party interest in Chipeta and (ii) the 2.0% Occidental subsidiary-owned limited partner interest in WES Operating, which collectively represent WES's noncontrolling interests as of September 30, 2019.

Western Midstream Partners, LP

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended

September 30,

Nine Months Ended

September 30,

thousands except per-unit amounts

2019

2018 (1)

2019

2018 (1)

Revenues and other

Service revenues - fee based

$

587,965

$

486,329

$

1,761,483

$

1,311,963

Service revenues - product based

9,476

23,336

45,530

69,421

Product sales

68,248

76,999

214,850

223,939

Other

338

1,236

1,101

1,709

Total revenues and other

666,027

587,900

2,022,964

1,607,032

Equity income, net - affiliates

53,893

54,215

175,483

133,874

Operating expenses

Cost of product

97,800

101,035

334,740

291,009

Operation and maintenance

176,572

129,042

467,832

338,626

General and administrative

30,769

16,022

83,640

47,448

Property and other taxes

15,281

13,146

45,848

41,496

Depreciation and amortization

127,914

97,479

362,977

270,757

Impairments

3,107

27,902

4,294

155,286

Total operating expenses

451,443

384,626

1,299,331

1,144,622

Gain (loss) on divestiture and other, net

248

65

(1,403)

351

Operating income (loss)

268,725

257,554

897,713

596,635

Interest income - affiliates

4,225

4,225

12,675

12,675

Interest expense

(78,524)

(48,869)

(223,872)

(129,129)

Other income (expense), net (2)

(67,894)

655

(161,577)

2,749

Income (loss) before income taxes

126,532

213,565

524,939

482,930

Income tax expense (benefit)

1,309

15,005

12,679

36,193

Net income (loss)

125,223

198,560

512,260

446,737

Net income (loss) attributable to noncontrolling interests

4,006

47,203

102,789

63,669

Net income (loss) attributable to Western Midstream Partners, LP

$

121,217

$

151,357

$

409,471

$

383,068

Limited partners' interest in net income (loss):

Net income (loss) attributable to Western Midstream Partners, LP

$

121,217

$

151,357

$

409,471

$

383,068

Pre-acquisition net (income) loss allocated to Anadarko

-

(43,883)

(29,279)

(107,009)

Limited partners' interest in net income (loss)

$

121,217

$

107,474

$

380,192

$

276,059

Net income (loss) per common unit - basic and diluted

$

0.27

$

0.49

$

0.94

$

1.26

Weighted-average common units outstanding - basic and diluted

453,021

218,938

402,421

218,935

(1)

Financial information has been recast to include the financial position and results attributable to AMA.

(2)

Includes non-cash losses on interest-rate swaps of $68.3 million and $162.9 million for the three and nine months ended September 30, 2019, respectively.

Western Midstream Partners, LP

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

thousands except number of units

September 30,

2019

December 31,

2018 (1)

Total current assets

$

393,238

$

344,764

Note receivable - Anadarko

260,000

260,000

Net property, plant, and equipment

8,933,834

8,410,353

Other assets

2,591,153

2,442,088

Total assets

$

12,178,225

$

11,457,205

Total current liabilities

$

596,872

$

637,477

Long-term debt

7,730,502

4,787,381

APCWH Note Payable

-

427,493

Asset retirement obligations

319,178

300,024

Other liabilities

196,598

412,147

Total liabilities

8,843,150

6,564,522

Equity and partners' capital

Common units (453,032,050 and 218,937,797 units issued and outstanding at September 30, 2019, and December 31, 2018, respectively)

3,182,917

951,888

Net investment by Anadarko

-

1,388,018

Noncontrolling interests

152,158

2,552,777

Total liabilities, equity and partners' capital

$

12,178,225

$

11,457,205

(1)

Financial information has been recast to include the financial position and results attributable to AMA.

Western Midstream Partners, LP

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Nine Months Ended

September 30,

thousands

2019

2018(1)

Cash flows from operating activities

Net income (loss)

$

512,260

$

446,737

Adjustments to reconcile net income (loss) to net cash provided by operating activities and changes in assets and liabilities:

Depreciation and amortization

362,977

270,757

Impairments

4,294

155,286

(Gain) loss on divestiture and other, net

1,403

(351)

(Gain) loss on interest-rate swaps

162,974

-

Change in other items, net

(17,223)

92,766

Net cash provided by operating activities

$

1,026,685

$

965,195

Cash flows from investing activities

Capital expenditures

$

(947,266)

$

(1,589,653)

Acquisitions from affiliates

(2,007,501)

(254)

Acquisitions from third parties

(93,303)

(161,858)

Investments in equity affiliates

(108,118)

(67,085)

Distributions from equity investments in excess of cumulative earnings - affiliates

21,203

19,816

Proceeds from the sale of assets to third parties

342

332

Net cash used in investing activities

$

(3,134,643)

$

(1,798,702)

Cash flows from financing activities

Borrowings, net of debt issuance costs

$

3,950,750

$

2,401,097

Repayments of debt

(1,467,595)

(1,040,000)

Increase (decrease) in outstanding checks

(9,204)

(2,687)

Registration expenses related to the issuance of Partnership common units

(855)

-

Distributions to Partnership unitholders

(688,193)

(372,189)

Distributions to Chipeta noncontrolling interest owner

(5,200)

(9,446)

Distributions to noncontrolling interest owners of WES Operating

(112,430)

(287,435)

Net contributions from (distributions to) Anadarko

458,819

156,734

Above-market component of swap agreements with Anadarko

7,407

40,722

Finance lease payments - affiliates

(253)

-

Net cash provided by (used in) financing activities

$

2,133,246

$

886,796

Net increase (decrease) in cash and cash equivalents

$

25,288

$

53,289

Cash and cash equivalents at beginning of period

92,142

79,588

Cash and cash equivalents at end of period

$

117,430

$

132,877

(1)

Financial information has been recast to include the financial position and results attributable to AMA.

Western Midstream Partners, LP

OPERATING STATISTICS

(Unaudited)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2019

2018 (1)

2019

2018 (1)

Throughput for natural gas assets (MMcf/d)

Gathering, treating, and transportation

523

545

526

531

Processing

3,458

3,273

3,484

3,206

Equity investment (2)

390

301

390

297

Total throughput for natural gas assets

4,371

4,119

4,400

4,034

Throughput attributable to noncontrolling interests for natural gas assets (3)

172

168

175

171

Total throughput attributable to Western Midstream Partners, LP for natural gas assets

4,199

3,951

4,225

3,863

Throughput for crude oil, NGLs, and produced-water assets (MBbls/d)

Gathering, treating, transportation, and disposal

908

663

849

470

Equity investment (4)

307

290

308

222

Total throughput for crude oil, NGLs, and produced-water assets

1,215

953

1,157

692

Throughput attributable to noncontrolling interests for crude oil, NGLs, and produced-water assets (3)

24

19

23

14

Total throughput attributable to Western Midstream Partners, LP for crude oil, NGLs, and produced-water assets

1,191

934

1,134

678

Adjusted gross margin per Mcf for natural gas assets (5)

$

1.04

$

1.03

$

1.06

$

0.99

Adjusted gross margin per Bbl for crude oil, NGLs, and produced-water assets (6)

1.81

1.69

1.80

1.75

(1)

Throughput and Adjusted gross margin have been recast to include the results attributable to AMA.

(2)

Represents the 14.81% share of average Fort Union throughput, 22% share of average Rendezvous throughput, 50% share of average Mi Vida and Ranch Westex throughput, and 30% share of average Red Bluff Express throughput.

(3)

For all periods presented, includes (i) the 25% third-party interest in Chipeta and (ii) the 2.0% Occidental subsidiary-owned limited partner interest in WES Operating, which collectively represent WES's noncontrolling interests as of September 30, 2019.

(4)

Represents the 10% share of average White Cliffs throughput, 25% share of average Mont Belvieu JV throughput, 20% share of average TEG, TEP, Whitethorn and Saddlehorn throughput, 33.33% share of average FRP throughput, and 15% share of average Panola throughput.

(5)

Average for period. Calculated as Adjusted gross margin for natural gas assets, divided by total throughput (MMcf/d) attributable to Western Midstream Partners, LP for natural gas assets.

(6)

Average for period. Calculated as Adjusted gross margin for crude oil, NGLs, and produced-water assets, divided by total throughput (MBbls/d) attributable to Western Midstream Partners, LP for crude oil, NGLs, and produced-water assets.

Western Midstream Partners, LP

OPERATING STATISTICS (CONTINUED)

(Unaudited)

Three Months Ended September 30,

2019

2018 (1)

2019

2018 (1)

2019

2018 (1)

Natural gas

(MMcf/d)

Crude oil & NGLs

(MBbls/d)

Produced water

(MBbls/d)

Delaware Basin

1,272

1,096

147

138

580

361

DJ Basin

1,124

1,119

128

103

-

-

Equity investments

391

301

307

290

-

-

Other

1,584

1,603

53

61

-

-

Total throughput

4,371

4,119

635

592

580

361

Nine Months Ended September 30,

2019

2018 (1)

2019

2018 (1)

2019

2018 (1)

Natural gas

(MMcf/d)

Crude oil & NGLs

(MBbls/d)

Produced water

(MBbls/d)

Delaware Basin

1,210

1,020

144

126

538

180

DJ Basin

1,216

1,115

114

104

-

-

Equity investments

390

297

308

222

-

-

Other

1,584

1,602

53

60

-

-

Total throughput

4,400

4,034

619

512

538

180

(1)

Throughput has been recast to include the results attributable to AMA.

SOURCE Western Midstream Partners, LP

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Western Midstream Partners LP published this content on 04 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2019 21:44:10 UTC