Product Sales was Western Midstream Partners’s largest revenue line in fiscal 2018, bringing in $1.87B of $2.95B (64%).
| Related Party | FY 2016 | FY 2017 | FY 2018 | FY 2018 |
|---|---|---|---|---|
| Product Sales | $478.15M | $692.45M | — | $1.87B |
| Service Revenues - Fee Based | $750.09M | $656.80M | $42.60M | $903.42M |
| Service Revenues - Product Based | — | — | — | $168.86M |
| Other | $4.11M | $16.08M | — | $1.49M |
| Total | $1.23B | $1.37B | $42.60M | $2.95B |
Western Midstream Partners brought in $2.95B from its four revenue lines in fiscal 2018, the year ended December 31, 2018. Western Midstream Partners regrouped these revenue lines after fiscal 2018, so the total does not compare directly with that year's $42.60M. Product Sales was the largest at $1.87B (63.6%), ahead of Service Revenues - Fee Based at $903.42M (30.7%) and Service Revenues - Product Based at $168.86M (5.7%). The remaining revenue line, Other, brought in $1.49M.
Western Midstream Partners began breaking out Service Revenues - Product Based in fiscal 2018, when it brought in $168.86M.
Without Adoption Of Topic 606 was Western Midstream Partners’s largest revenue line in fiscal 2018, bringing in $1.50B of $1.61B (93%).
| Initial Application Period Cumulative Effect Transition (2) | FY 2018 |
|---|---|
| Without Adoption Of Topic 606 | $1.50B |
| Effect Of Change Increase / (Decrease) | $109.82M |
| Total | $1.61B |
Western Midstream Partners brought in $1.61B from its two revenue lines in fiscal 2018, the year ended December 31, 2018. That is less than the $2.95B it reports by related party, so these revenue lines do not cover all of its revenue. Without Adoption Of Topic 606 was the largest at $1.50B (93.2%), ahead of Effect Of Change Increase / (Decrease) at $109.82M (6.8%).
Third Parties was Western Midstream Partners’s largest revenue line in fiscal 2018, bringing in $815.65M of $1.61B (51%).
| Related Party Transactions By Related Party | FY 2011 | FY 2012 | FY 2013 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|---|---|
| Affiliates | $750.09M | $692.45M | $793.59M | |||
| Affiliated Entity | — | — | — | |||
| Third Parties | $477.76M | $581.15M | $815.65M | |||
| Total | $1.23B | $1.27B | $1.61B |
Western Midstream Partners brought in $1.61B from its two revenue lines in fiscal 2018, the year ended December 31, 2018. That is less than the $2.95B it reports by related party, so these revenue lines do not cover all of its revenue. Third Parties was the largest at $815.65M (50.7%), ahead of Affiliates at $793.59M (49.3%).
Compared with fiscal 2017, Third Parties grew 40.4% to $815.65M and Affiliates grew 14.6% to $793.59M.
Western Midstream Partners (WES) reports its revenue by related party, by initial application period cumulative effect transition (2) and by related party transactions by related party. In fiscal 2018, Product Sales was its largest revenue line, bringing in $1.87B (63.6% of the total), followed by Service Revenues - Fee Based at $903.42M (30.7%).
Product Sales was Western Midstream Partners' largest revenue line in fiscal 2018, bringing in $1.87B, or 63.6% of the $2.95B total across its four revenue lines.
Third Parties grew faster than Affiliates in fiscal 2018, up 40.4% from $581.15M to $815.65M. Affiliates grew 14.6% to $793.59M.
Every figure comes from Western Midstream Partners' annual financial filings, as reported. Each line keeps the name Western Midstream Partners gives it, and years follow its fiscal calendar.
Western Midstream Partners' revenue by related party goes back to fiscal 2016, with figures through fiscal 2018. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.