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Western Midstream Partners Lp  (WES)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities


Western Midstream Partners Lp's Operating Profit Margin by quarter

Trends, Rankings, Statistics



WES Operating Profit Margin (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Revenue Change 10.11 % -7.35 % -15.76 % -3.21 % 8.37 %
Seq. Revenue Change 10.59 % 5.11 % 0.58 % -5.83 % -6.94 %
Revenue In Millions $858.21 $776.01 $738.27 $733.98 $779.44
Operating Profit Margin 45.67 % 46.49 % 45.6 % 39.54 % 55 %
Operating Profit Margin Total Ranking # 273 # 278 # 297 # 459 # 404
Operating Income In Millions $391.92 $360.76 $336.67 $290.21 $428.66
Y / Y Operating Income Change -8.57 % 1.05 % -15.28 % -28.31 % 31.6 %
Seq. Operating Income Change 8.64 % 7.16 % 16.01 % -32.3 % 20.07 %


Commenting fourth Quarter 2023 Operating Profit Margin
Western Midstream Partners Lp has managed to improve its Revenue sequentially to $858 millions by 10.59 % faster than Operating Income increase of 8.64 % to $392 millions, this led to contraction in Operating Profit Margin to 45.67 %, but the Western Midstream Partners Lp IV. Quarter Operating Profit Margin remained above company average rate of 39.57%.

Observing fourth quarter 2023 results within Natural Gas Utilities industry 9 other companies have achieved higher Operating Profit Margin. While Operating Profit Margin total ranking has impoved so far to 273, from total ranking in previous quarter at 278.
Explain Operating Margin
WES's Operating Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Natural Gas Utilities Industry # 10
Utilities Sector # 13
Overall # 273

Operating Profit Margin Statistics
High Average Low
57.6 % 39.57 % 17.14 %
(Dec 31 2020)   (Jun 30 2018)




Other Operating Profit Margin Profitability Ratios
WES's Cumulative Operating Profit Margin
Natural Gas Utilities Industry Operating Profit Margin Trends and Statistics
Utilities Sector Operating Profit Margin Statistics
Operating Profit Margin Profitability Trends for overall market
WES's Operating Profit Margin Profitability versus Natural Gas Utilities Industry, Utilities Sector and total Market
Highest Ranking Operating Profit Margin
Lowest Ranking Operating Profit Margin
Operating Profit Margin Profit Margin for WES's Competitors
Operating Profit Margin Profit Margin for Western Midstream Partners Lp's Suppliers
Operating Profit Margin Profit Margin for WES's Customers

You may also want to know
WES's Annual Growth Rates WES's Profitability Ratios WES's Asset Turnover Ratio WES's Dividend Growth
WES's Roe WES's Valuation Ratios WES's Financial Strength Ratios WES's Operating Income Growth
WES's Roa WES's Inventory Turnover Ratio WES's Growth Rates WES's Dividend Comparisons


Companies with similar Operating Profit Margin in the quarter ending Dec 31 2023, within Natural Gas Utilities Industry Operating Profit MarginDec 31 2023 MRQ Operating IncomeDec 31 2023 MRQ Revenue
Tc Energy Corporation  73.72 %$ 8,997.436 $ 12,205.444 
Brookfield Infrastructure Corporation  66.24 %$ 1,658.000 $ 2,503.000 
Antero Midstream Corporation  61.87 %$ 200.173 $ 323.543 
Equitrans Midstream Corporation  51.39 %$ 185.311 $ 360.609 
Cheniere Energy Inc   50.49 %$ 2,435.000 $ 4,823.000 
Dt Midstream Inc   49.18 %$ 120.000 $ 244.000 
Summit Midstream Partners Lp  48.92 %$ 62.280 $ 127.318 
Transcontinental Gas Pipe Line Company Llc  48.72 %$ 349.333 $ 716.952 
Mplx Lp  46.36 %$ 1,375.000 $ 2,966.000 
Western Midstream Partners Lp  45.67 %$ 391.917 $ 858.208 
Nustar Energy L p   43.30 %$ 132.071 $ 304.989 
Cheniere Energy Partners L p   40.99 %$ 1,101.000 $ 2,686.000 
Williams Companies Inc   39.04 %$ 1,087.000 $ 2,784.000 
Atmos Energy Corp  34.45 %$ 399.105 $ 1,158.467 
Boardwalk Pipeline Partners Lp  30.71 %$ 156.300 $ 509.000 
Usa Compression Partners Lp  30.46 %$ 68.543 $ 225.049 
New Jersey Resources Corporation  29.07 %$ 135.819 $ 467.210 
Kodiak Gas Services Inc   28.85 %$ 121.092 $ 419.687 
Kinder Morgan Inc   27.27 %$ 1,101.000 $ 4,038.000 
Rgc Resources Inc   27.24 %$ 6.652 $ 24.419 
Archrock inc  26.93 %$ 69.901 $ 259.593 
Opal Fuels Inc   26.22 %$ 22.812 $ 87.008 
Chesapeake Utilities Corporation  25.53 %$ 47.314 $ 185.335 
Northwest Natural Holding Company  21.13 %$ 75.167 $ 355.714 
Oneok Inc   20.99 %$ 1,099.000 $ 5,235.000 
Spire Inc   18.40 %$ 139.200 $ 756.600 
One Gas Inc   17.68 %$ 107.134 $ 605.917 
Transmontaigne Partners llc  17.47 %$ 24.854 $ 142.301 
Kinetik Holdings Inc   16.09 %$ 56.137 $ 348.868 
Enterprise Products Partners L p   12.78 %$ 2,228.300 $ 17,435.600 




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