Here's What Key Metrics Tell Us About Western Midstream (WES) Q1 Earnings

Financial Performance - Western Midstream reported revenue of $917.12 million for the quarter ended March 2025, a year-over-year increase of 3.3% [1] - The EPS for the same period was $0.79, down from $1.47 a year ago, indicating a decline [1] - The reported revenue fell short of the Zacks Consensus Estimate of $945.11 million, resulting in a surprise of -2.96% [1] - The company experienced an EPS surprise of -4.82%, with the consensus EPS estimate being $0.83 [1] Key Metrics - Shares of Western Midstream returned +1.9% over the past month, compared to the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Throughput Analysis - Natural gas assets throughput attributable to noncontrolling interest was 181 million cubic feet per day, slightly below the average estimate of 183.9 million cubic feet [4] - Total natural gas throughput was 5,291 million cubic feet per day, compared to the average estimate of 5,394.61 million cubic feet [4] - Total throughput attributable to WES for natural gas assets was 5,110 million cubic feet, below the average estimate of 5,210.71 million cubic feet [4] - Delaware Basin natural gas throughput was 1,975 million cubic feet, compared to the average estimate of 1,988 million cubic feet [4] - Produced-water assets throughput in the Delaware Basin was 1,190 million barrels of oil, slightly above the average estimate of 1,189.3 million barrels [4] - Crude oil and NGLs throughput in the Delaware Basin was 256 million barrels, below the average estimate of 265.83 million barrels [4] - Other revenues reported were $0.20 million, significantly lower than the estimated $15.40 million, representing a -54.5% change compared to the year-ago quarter [4]