Service Revenues - Fee Based was Western Midstream Partners’s largest product and service line in fiscal 2025, bringing in $3.45B of $3.84B (90%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Service Revenues - Fee Based | $2.60B | $2.77B | $3.25B | $3.45B | ||||||
| Product Sales | $399.02M | $145.02M | $140.10M | $194.68M | ||||||
| Service Revenues - Product Based | $249.69M | $191.73M | $215.78M | $193.87M | ||||||
| Other | $953.00K | $968.00K | $1.09M | $1.80M | ||||||
| Total | $3.25B | $3.11B | $3.61B | $3.84B |
Western Midstream Partners brought in $3.84B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 6.6% from $3.61B in fiscal 2024. Service Revenues - Fee Based was the largest at $3.45B (89.8%), ahead of Product Sales at $194.68M (5.1%) and Service Revenues - Product Based at $193.87M (5.0%). The remaining line, Other, brought in $1.80M.
Compared with fiscal 2024, Product Sales grew fastest, up 39.0% to $194.68M, while Service Revenues - Product Based fell the most, down 10.2% to $193.87M. From fiscal 2022 to 2025, combined revenue from these lines grew from $3.25B to $3.84B, a compound annual growth rate of 5.7%. Service Revenues - Fee Based's share of the total rose from 80.0% to 89.8%.
Affiliates was Western Midstream Partners’s largest revenue line in fiscal 2017, bringing in $1.54B of $2.43B (63%).
| Related Party | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Affiliates | $1.20B | $1.22B | $1.23B | $1.54B | |||
| Affiliated Entity | — | — | — | — | |||
| Third Parties | $329.40M | $531.43M | $576.04M | $890.51M | |||
| Total | $1.53B | $1.75B | $1.80B | $2.43B |
Western Midstream Partners brought in $2.43B from its two revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 34.7% from $1.80B in fiscal 2016. Affiliates was the largest at $1.54B (63.3%), ahead of Third Parties at $890.51M (36.7%).
Compared with fiscal 2016, Third Parties grew 54.6% to $890.51M and Affiliates grew 25.3% to $1.54B. From fiscal 2014 to 2017, combined revenue from these revenue lines grew from $1.53B to $2.43B, a compound annual growth rate of 16.6%. Affiliates' share of the total fell from 78.5% to 63.3%.
Western Midstream Partners (WES) reports its revenue by product and service and by related party. In fiscal 2025, Service Revenues - Fee Based was its largest product and service line, bringing in $3.45B (89.8% of the total), followed by Product Sales at $194.68M (5.1%).
Service Revenues - Fee Based was Western Midstream Partners' largest product and service line in fiscal 2025, bringing in $3.45B, or 89.8% of the $3.84B total across its four product and service lines.
Affiliates was Western Midstream Partners' largest revenue line in fiscal 2017, bringing in $1.54B, or 63.3% of the $2.43B total across its two revenue lines.
Among Western Midstream Partners' product and service lines that make up at least 2% of revenue, Product Sales grew fastest in fiscal 2025, up 39.0% from $140.10M to $194.68M.
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 product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.