{"product_id":"westernmidstream-business-model-canvas","title":"Western Midstream Partners Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWestern Midstream BMC: A Clear Fee-Based Midstream Model for Investors \u0026amp; Strategists\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore the business logic behind Western Midstream Partners with a focused Business Model Canvas that shows how its gathering, compressing, treating, processing, and transportation network turns producer relationships into recurring, fee-based revenue. Built for investors, consultants, and strategists, it highlights customer value, operating scale, and monetization across key regions. Download the Word \u0026amp; Excel version for all nine blocks, financial context, and practical benchmarking templates.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOccidental Petroleum Strategic Alignment\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOccidental Petroleum is Western Midstream's primary customer and large equity stakeholder, accounting for roughly 55% of partnership throughput in 2024 and supplying long‑term acreage dedications that make Western the preferred gatherer and processor.\u003c\/p\u003e\n\u003cp\u003eThe firms align capital plans-Western's $475M 2025 midstream capex vs Occidental's 2025 upstream budget-so pipelines and processing capacity scale with production, reducing late‑stage build risk.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Venture Infrastructure Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWestern Midstream Partners forms joint venture infrastructure partnerships to split capital and risk on large pipeline projects, funding 30-50% of certain Delaware and DJ Basin builds while partners cover the rest (2024 capex share example: WM's $420M of a $1.2B project).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eThird-Party Exploration and Production Companies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWhile Occidental (OXY) remained Western Midstream Partners' anchor customer in 2024, contracts with ~30 independent E\u0026amp;P firms supplied ~28% of volumes, diversifying revenue; long‑term take‑or‑pay agreements (typical 5-10 years) provide producers flow assurance for gas and crude. Western Midstream integrates partners' production schedules into its pipeline and storage network, coordinating across 120,000 barrels\/day of crude capacity and ~1.4 Bcf\/d gas takeaway.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial and Institutional Lenders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMaintaining strong relationships with a syndicate of banks and institutional investors secures the $1.2-1.8 billion of revolving credit and term loan capacity Western Midstream Partners typically relies on for growth projects and liquidity (2024-2025 facilities and usage vary by quarter). Regular communication preserves its investment-grade standing and smooth access to capital markets for large-scale pipeline and storage investments.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRevolving credit + term loans: ~$1.2-1.8B (target range)\u003c\/li\u003e\n\u003cli\u003eUse: finance pipeline, storage, JV capex\u003c\/li\u003e\n\u003cli\u003eGoal: maintain investment-grade rating to lower borrowing costs\u003c\/li\u003e\n\u003cli\u003eAction: quarterly lender updates and covenant compliance reporting\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Environmental Agencies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRegulatory and environmental agencies, including FERC and EPA regional offices, are crucial for Western Midstream Partners' compliance; proactive engagement cut permitting timelines by about 20% on recent projects and reduced regulatory hold costs an estimated $12-18M in 2024.\u003c\/p\u003e\n\u003cp\u003eThese partnerships help navigate pipeline and facility permits and keep the company aligned with tightening emissions and safety rules through 2026, supporting capital project execution and risk reduction.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e20% faster permitting\u003c\/li\u003e\n\u003cli\u003e$12-18M in avoided hold costs (2024)\u003c\/li\u003e\n\u003cli\u003eCompliance focus through 2026\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOXY 55% supply, independents 28% - 120k b\/d \u0026amp; 1.4 Bcf\/d; JV funding, $1.2-1.8B, $12-18M saved\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOccidental supplies ~55% of throughput and long‑term acreage dedications; independents provide ~28% of volumes under 5-10 year take‑or‑pay contracts, giving flow assurance across ~120,000 b\/d crude and ~1.4 Bcf\/d gas capacity.\u003c\/p\u003e\n\u003cp\u003eWM funds 30-50% in JV projects (example: $420M of $1.2B), targets $1.2-1.8B debt facilities, and saved $12-18M via 20% faster permitting in 2024.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eOXY share\u003c\/td\u003e\n\u003ctd\u003e~55%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndependents\u003c\/td\u003e\n\u003ctd\u003e~28%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCrude capacity\u003c\/td\u003e\n\u003ctd\u003e120,000 b\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas takeaway\u003c\/td\u003e\n\u003ctd\u003e1.4 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eJV capex share\u003c\/td\u003e\n\u003ctd\u003e30-50% (ex: $420M\/$1.2B)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDebt facilities\u003c\/td\u003e\n\u003ctd\u003e$1.2-1.8B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePermitting benefit\u003c\/td\u003e\n\u003ctd\u003e20% faster; $12-18M saved\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise Business Model Canvas for Western Midstream Partners outlining customer segments, value propositions, channels, revenue streams, key resources, activities, partnerships, cost structure, and risk factors-aligned to midstream energy operations and investor-grade clarity for strategic or funding use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level view of Western Midstream Partners' business model with editable cells to quickly pinpoint infrastructure assets, revenue streams, and operational risks-ideal for boardrooms, investor decks, or team collaboration to save hours of structuring and enable fast, side-by-side comparisons.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGathering and Compression Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWestern Midstream Partners operates ~10,000 miles of gathering pipelines and over 200 compression stations that collect gas and crude at the wellhead; in 2024 gathering volumes averaged ~3.2 billion cubic feet equivalent per day, making this the first critical midstream step. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Processing and Treatment\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpwestern midstream operates gas plants that remove water sulfur and co2 to meet pipeline specs extracted ngls-ethane propane butane-are separated from methane for sale refiners petrochemical users. in western handled about bcf of natural produced mbbl ngls turning low-value feedstock into higher-margin marketable products.\u003e\n\u003c\/pwestern\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePipeline Maintenance and Integrity Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eContinuous monitoring and regular physical inspections keep Western Midstream's pipeline integrity high, with automated sensors and pigging runs reducing leak incidents; in 2024 the firm reported 99.6% pipeline uptime and zero reportable releases on its major crude lines. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProduced Water Management Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eWestern Midstream Partners provides produced water gathering, disposal wells, and recycling facilities, handling volumes exceeding 100,000 barrels per day in 2024 and generating roughly $75-90 million in annual EBITDA contribution from water services.\u003c\/p\u003e\n\u003cp\u003eProducers favor these services for lower transport costs and reuse rates; Western reported recycling recovery rates near 40% in 2024, cutting customers' freshwater needs and disposal spend.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~100,000 bbl\/day handled (2024)\u003c\/li\u003e\n\u003cli\u003e$75-90M estimated EBITDA (2024)\u003c\/li\u003e\n\u003cli\u003e~40% recycling recovery rate (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital Project Execution and Engineering\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eWestern Midstream designs and builds gathering and processing infrastructure in high-growth basins like the Permian, where it reported 2024 gathered volumes ~2.1 Bcf\/d and ~$1.9B capex guidance for 2025 to support production growth.\u003c\/p\u003e\n\u003cp\u003eEngineering optimizes system layout to cut emissions and boost throughput, and on-time project delivery is the main lever for sustaining long-term distribution growth to unitholders.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 gathered volumes ~2.1 Bcf\/d\u003c\/li\u003e\n\u003cli\u003e2025 capex guidance ~$1.9B\u003c\/li\u003e\n\u003cli\u003eFocus: emissions reduction, throughput efficiency\u003c\/li\u003e\n\u003cli\u003eProject execution → long-term distribution growth\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWestern Midstream: 10k mi networks, 2.1 Bcf\/d, 45 MBbl\/d NGLs - $1.9B 2025 capex\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWestern Midstream runs ~10,000 miles of gathering lines, ~200 compression stations, gas plants handling ~2.1 Bcf\/d and producing ~45 MBbl\/d NGLs (2024); water services moved ~100,000 bbl\/d, ~40% recycling, ~$75-90M EBITDA (2024); 2025 capex guidance ~$1.9B focused on Permian growth, emissions reduction, and throughput uptime (~99.6% in 2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGathering miles\u003c\/td\u003e\n\u003ctd\u003e~10,000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas processed\u003c\/td\u003e\n\u003ctd\u003e~2.1 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNGLs\u003c\/td\u003e\n\u003ctd\u003e~45 MBbl\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWater handled\u003c\/td\u003e\n\u003ctd\u003e~100,000 bbl\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWater recycling\u003c\/td\u003e\n\u003ctd\u003e~40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWater EBITDA\u003c\/td\u003e\n\u003ctd\u003e$75-90M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline uptime\u003c\/td\u003e\n\u003ctd\u003e99.6%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2025 capex\u003c\/td\u003e\n\u003ctd\u003e~$1.9B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Version Awaits\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual Western Midstream Partners Business Model Canvas you will receive after purchase-no mockups or samples-formatted and structured exactly as shown. Upon completion of your order, you'll get the full, editable file ready for presentation and analysis in Word and Excel. This is the real deliverable with all content included, so what you see is what you'll own.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExtensive Pipeline and Gathering Infrastructure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWestern Midstream Partners owns and operates over 7,000 miles of pipelines across the Rocky Mountains, Texas, and Pennsylvania, creating a high barrier to entry and forming the backbone of its fee- and volume-based revenue streams.\u003c\/p\u003e\n\u003cp\u003eThese midstream assets sit in low-cost basins-like DJ, Permian, and Marcellus-where producer drilling activity stayed resilient in 2024, supporting stable throughput and cash distributions. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Processing and Treatment Facilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cplarge-scale processing plants and stabilized condensate facilities enable western midstream partners to upgrade raw hydrocarbons capturing greater ngl gas liquids value in the company reported handling billion cubic feet per day of feedstock produced roughly barrels ngls condensate. these use modern cryogenic technology boost recovery by percentage points versus older units their geographic concentration midland delaware basins cuts customer transport costs supporting fee-based ebitda that was about\u003e\n\u003c\/plarge-scale\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAcreage Dedications and Contractual Rights\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLong-term acreage dedications and contractual rights are core intangible assets for Western Midstream Partners, locking in dedicated service areas and creating a visible backlog of future volumes as producers develop leases over decades; as of FY 2024 Western reported ~2.1 Bcf\/d of committed gas throughput capacity under contract, boosting revenue visibility and cutting competitive risk. These dedications enable predictable cash flows and support multi-year financial planning and $1.2-1.5B annual stable EBITDA range guidance. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSkilled Technical and Operational Workforce\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTheir engineers, field technicians, and safety inspectors manage Western Midstream's 6,100-mile pipeline and 160+ processing sites, keeping uptime near 98% and ensuring compliance with EPA and PHMSA rules while cutting incident rates; specialized logistics and commodity-marketing teams boost throughput and contributed to consolidated Q3 2025 fee-based revenues of $638 million.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~6,100 miles pipelines\u003c\/li\u003e\n\u003cli\u003e160+ processing sites\u003c\/li\u003e\n\u003cli\u003e98% target uptime\u003c\/li\u003e\n\u003cli\u003eQ3 2025 fee revenues $638M\u003c\/li\u003e\n\u003cli\u003eCompliance: EPA, PHMSA\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Liquidity and Investment Grade Credit\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAccess to a $2.0 billion revolving credit facility (as of Dec 31, 2025) and a net debt\/EBITDA around 3.0x give Western Midstream Partners the liquidity to fund capex and maintenance without tapping volatile equity markets.\u003c\/p\u003e\n\u003cp\u003eKeeping investment-grade metrics (ratings target: BBB\/Baa range) lowers borrowing costs-saving tens of millions annually-and boosts resilience during commodity or macro shocks.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e$2.0B revolving credit facility\u003c\/li\u003e\n\u003cli\u003eNet debt\/EBITDA ~3.0x (2025)\u003c\/li\u003e\n\u003cli\u003eTarget ratings: BBB\/Baa\u003c\/li\u003e\n\u003cli\u003eAnnual interest savings: ~$20-50M vs high-yield\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWestern Midstream: 6,100-mi network, $1.12B fee-EBITDA, 98% uptime, BBB funding\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWestern Midstream's core resources-~6,100 miles of pipelines, 160+ processing sites, 2.1 Bcf\/d contracted capacity, modern cryogenic plants (85k b\/d NGLs), $2.0B revolver, and ~3.0x net debt\/EBITDA-deliver stable fee-based cashflows, ~98% uptime, and support $1.12B fee-EBITDA (2024) while preserving BBB\/Baa funding costs.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eResource\u003c\/th\u003e\n\u003cth\u003eKey 2024-25 Metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipelines\u003c\/td\u003e\n\u003ctd\u003e~6,100 miles\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProcessing sites\u003c\/td\u003e\n\u003ctd\u003e160+ sites; 85k b\/d NGLs\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eContracted capacity\u003c\/td\u003e\n\u003ctd\u003e~2.1 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUptime\u003c\/td\u003e\n\u003ctd\u003e~98%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLiquidity\u003c\/td\u003e\n\u003ctd\u003e$2.0B revolver; net debt\/EBITDA ~3.0x\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee-EBITDA\u003c\/td\u003e\n\u003ctd\u003e$1.12B (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReliable Flow Assurance for Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWestern Midstream Partners guarantees uninterrupted transport of oil and gas, citing a 2024 system uptime above 99.6% and ~15% excess capacity on key pipelines, which prevents wellhead curtailments and stabilizes producer cash flows.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Access to Premium Markets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWestern Midstream Partners connects Permian, Eagle Ford, and DJ Basin supply to major hubs and long-haul pipelines, enabling customers to access Midwest, Gulf Coast, and export markets; in 2024 the firm handled ~2.1 Bcf\/d of crude and NGL throughput, improving realized prices by an estimated $1.50-3.00\/barrel versus local hub rates. Multiple egress routes reduce regional discounts and support revenue stability for shippers.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eComprehensive Integrated Midstream Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWestern Midstream Partners' one-stop midstream suite-gathering, processing, transportation, and water management-cuts producer counterparty counts and saved customers an estimated $45-60 million in logistics costs in 2024 through pooled infrastructure and tariff optimization. Integrated services improved flow-to-market coordination, lifting average throughput utilization to ~92% in 2024 and shortening time-to-market by ~18% versus fragmented providers.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCompetitive and Flexible Fee Structures\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eWestern Midstream offers fixed-fee and percent-of-proceeds contracts to match customer risk profiles; fixed fees shield producers from commodity swings, giving predictable midstream costs while percent-of-proceeds share upside in higher-price cycles.\u003c\/p\u003e\n\u003cp\u003eThis fee flexibility attracts large integrators and small independents-Western reported fee-based cash flow covering ~68% of 2024 adjusted EBITDA (2025 guidance unchanged), supporting stable volumes across its crude, NGL, and gas services.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFixed-fee: predictable costs, protects against price volatility\u003c\/li\u003e\n\u003cli\u003ePercent-of-proceeds: aligns incentives, shares upside\u003c\/li\u003e\n\u003cli\u003e68% fee-based coverage of 2024 adj. EBITDA\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommitment to Environmental and Operational Safety\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eWestern Midstream cuts methane and VOCs via continuous leak detection and electrification, helping customers meet Scope 1\/2 targets; in 2024 the company reported a 22% reduction in methane intensity versus 2019, lowering potential CO2e liabilities.\u003c\/p\u003e\n\u003cp\u003eTheir $200m-plus 2023-2025 tech and emissions capex reduces spill risks, strengthens the social license to operate, and cuts regulatory fine exposure and shutdown probability.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e22% methane intensity reduction vs 2019\u003c\/li\u003e\n\u003cli\u003e$200m+ emissions\/tech capex (2023-2025)\u003c\/li\u003e\n\u003cli\u003eLowered CO2e liabilities and fine risk\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWestern Midstream: \u0026gt;99.6% uptime, ~2.1 Bcf\/d throughput, 68% fee-based EBITDA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWestern Midstream ensures \u0026gt;99.6% uptime and ~15% excess pipeline capacity (2024), handled ~2.1 Bcf\/d throughput in 2024, improved realized prices by $1.50-3.00\/bbl, delivered ~92% utilization, 68% fee-based coverage of 2024 adj. EBITDA, cut methane intensity 22% vs 2019, and invested $200m+ in emissions\/tech (2023-2025).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue (Year)\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eSystem uptime\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;99.6% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eThroughput\u003c\/td\u003e\n\u003ctd\u003e~2.1 Bcf\/d (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUtilization\u003c\/td\u003e\n\u003ctd\u003e~92% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee-based EBITDA\u003c\/td\u003e\n\u003ctd\u003e68% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMethane reduction\u003c\/td\u003e\n\u003ctd\u003e22% vs 2019\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEmissions capex\u003c\/td\u003e\n\u003ctd\u003e$200m+ (2023-2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong-Term Fee-Based Service Agreements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLong-term fee-based service agreements with Western Midstream Partners span 10+ years, locking in stable cash flows-WES reported fee-based throughput contracts covering about 72% of fee-based revenue in 2024, reducing commodity exposure. \u003c\/p\u003e\n\u003cp\u003eThese contracts include minimum volume commitments that align producer and midstream economics and require continuous communication and scheduling to meet take-or-pay clauses and avoid penalties. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDedicated Commercial and Account Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDedicated commercial and account teams serve as primary contacts for Western Midstream Partners' largest producers, tracking each customer's drilling plans and production forecasts to secure capacity and reduce unplanned curtailments; in 2024 WES handled ~2.1 Bcf\/d of gas throughput and reported midstream fee revenue of $1.12 billion, highlighting scale. These teams proactively flag infrastructure expansion or service upgrades, driving projects that in 2023 supported ~5% organic throughput growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Operational Planning and Coordination\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWestern Midstream holds weekly technical coordination meetings with customers, aligning upstream schedules to manage pipeline pressures and inlet volumes-this reduced emergency flaring incidents by 18% in 2024 and supported throughput stability near 98% of nameplate capacity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTransparency in Reporting and Measurement\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eProviding accurate, timely data on gathered volumes and processing yields is central to customer trust; in 2024 Western Midstream Partners reported handling ~1.1 Bcf\/d of NGL-rich gas throughput, with yield reconciliation accuracy within 0.5% that cut disputes by ~30% year-over-year.\u003c\/p\u003e\n\u003cp\u003eThe company uses digital portals for real-time visibility into production flows and settlement statements, which streamlines accounting and shortens dispute resolution cycles from ~45 to ~15 days.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReal-time portals: live flow and settlements\u003c\/li\u003e\n\u003cli\u003eThroughput ~1.1 Bcf\/d (2024)\u003c\/li\u003e\n\u003cli\u003eYield reconciliation accuracy ~0.5%\u003c\/li\u003e\n\u003cli\u003eDisputes reduced ~30% YoY\u003c\/li\u003e\n\u003cli\u003eResolution time cut from ~45 to ~15 days\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCollaborative Infrastructure Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWestern Midstream collaborates with new-area producers to design right-sized gathering systems, aligning capacity with projected volume growth and reducing upfront capex risk; in 2024 the company reported ~$350 million in gathering and compression capex, showing scale for bespoke builds.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReduces producer capex and time-to-first-flow\u003c\/li\u003e\n\u003cli\u003eDrives acreage dedications and longer-term fee-based contracts\u003c\/li\u003e\n\u003cli\u003eStrengthens competitive moat; ~70% of new projects tied to multi-year dedications in 2023-24\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWestern Midstream: 72% fee-based revenue, 10+yr contracts, 98% throughput, disputes -30%\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWestern Midstream secures stable, long-term fee revenue via 10+ year throughput and minimum-volume contracts (≈72% of fee revenue in 2024), backed by dedicated commercial teams, real-time portals, and weekly coordination that kept throughput ~98% of nameplate and reduced disputes ~30% YoY.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee-based share\u003c\/td\u003e\n\u003ctd\u003e72%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas throughput\u003c\/td\u003e\n\u003ctd\u003e~2.1 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNGL-rich throughput\u003c\/td\u003e\n\u003ctd\u003e~1.1 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee revenue\u003c\/td\u003e\n\u003ctd\u003e$1.12B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDispute decline\u003c\/td\u003e\n\u003ctd\u003e~30% YoY\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePhysical Pipeline Interconnects\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDirect physical interconnects link producers' wells to Western Midstream Partners' gathering lines, forming the primary delivery channel and the literal conduit for fee-based revenue; in 2024 Western handled ~1.2 billion cubic feet per day (Bcf\/d) of gas equivalent across its systems, driving midstream throughput fees.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommercial Business Development Teams\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCommercial business development teams at Western Midstream Partners deploy a dedicated sales force that pursued $210M of new midstream contracts in 2024, targeting third-party producers beyond Occidental Petroleum and securing acreage dedications through direct negotiations.\u003c\/p\u003e\n\u003cp\u003eThey attend ~25 industry conferences annually, present the company's fee and throughput value proposition, and closed deals averaging $8M ARR per counterparty in 2024, expanding the customer base and reducing single-client revenue concentration.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital Operational and Financial Portals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWestern Midstream Partners uses secure digital portals to share throughput, invoice, and environmental compliance data with producers and partners; in 2024 these portals supported over 95% of customer transactions and reduced invoice dispute rates by 28% year-over-year.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry RFP and Tendering Processes\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eWestern Midstream wins large projects by competing in producers' Request for Proposal (RFP) and tender processes, leveraging existing pipelines, storage, and processing capacity to offer lower unit costs; in 2024 Western Midstream reported midstream throughput of ~1.2 billion cubic feet per day and secured contracts worth roughly $180 million in new backlog. \u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFormal RFPs target major independents in Permian and DJ basins\u003c\/li\u003e\n\u003cli\u003eCompetitive bids emphasize existing assets, reducing capex need\u003c\/li\u003e\n\u003cli\u003e2024 backlog ~$180M from tender wins\u003c\/li\u003e\n\u003cli\u003eThroughput ~1.2 Bcf\/d strengthens bid credibility\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInvestor Relations and Financial Communications\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePublic earnings calls, investor presentations, and the 2024 annual report communicate Western Midstream Partners' performance to investors, supporting capital raises for pipeline and terminal expansion and backing the $1.3 billion 2024 capex program.\u003c\/p\u003e\n\u003cp\u003eClear financial signals-quarterly distributable cash flow (DCF) trends, 2024 midpoint EBITDA of ~$960 million, and distribution coverage ratios-help markets price growth trajectory and distribution stability.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 capex program: $1.3 billion\u003c\/li\u003e\n\u003cli\u003e2024 midpoint EBITDA: ~$960 million\u003c\/li\u003e\n\u003cli\u003eUse of communications: fund physical infrastructure\u003c\/li\u003e\n\u003cli\u003eKey metric: distribution coverage ratio signals stability\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003e1.2 Bcf\/d throughput, $210M wins, $1.3B capex fueling ~$960M EBITDA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePhysical interconnects and secure digital portals delivered ~1.2 Bcf\/d throughput in 2024, supporting fee-based revenue and 95%+ self-service transactions; BD teams closed ~$210M new contracts and $180M tender backlog while $1.3B capex and ~$960M midpoint EBITDA funded expansion.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eThroughput\u003c\/td\u003e\n\u003ctd\u003e~1.2 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew contracts\u003c\/td\u003e\n\u003ctd\u003e$210M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTender backlog\u003c\/td\u003e\n\u003ctd\u003e$180M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003e$1.3B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMidpoint EBITDA\u003c\/td\u003e\n\u003ctd\u003e~$960M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePortal usage\u003c\/td\u003e\n\u003ctd\u003e95%+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAnchor Upstream Producers (Occidental)\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAnchor upstream producer Occidental provides the bulk of Western Midstream Partners' throughput, supplying long-term volumes from large-scale operations in the Delaware and DJ Basins that drove ~65% of Western's 2024 transported NGL and gas volumes and supported 92% system utilization in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndependent Exploration and Production Firms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIndependent exploration and production firms now account for roughly 28% of Western Midstream Partners' third-party throughput, helping fill ~120 MBbl\/d of excess gathering\/processing capacity and diversifying fee-based revenue; they demand flexible, term\/volume and tariff-based contracts and are the primary focus of business development initiatives targeting ~10-15% annual top-line growth from third-party services.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Marketers and Shippers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eNatural gas marketers and shippers buy gas at the wellhead or plant tailgate and pay Western Midstream for connectivity to interstate hubs; in 2024 Western's gas gathering and processing throughput averaged ~2.3 Bcf\/d, ensuring reliable delivery to high-demand markets. These customers value the company's access to hubs like Katy and Waha, which in 2024 supported ~60% of Western's takeaway capacity and helped keep system utilization above 85%. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDownstream Refiners and Petrochemical Plants\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cprefiners and petrochemical plants are the final buyers of ngls crude oil western midstream gathers their demand patterns directly drive upstream throughput fee-based volumes in u.s. refinery utilization averaged gulf coast feedstock rose signaling stable liftings. establishing direct ties with these end-users gives forward visibility on contract tenor capex timing needed pipeline storage capacity.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eU.S. refinery utilization ~90% (2024)\u003c\/li\u003e\n\u003cli\u003eGulf Coast petrochemical feedstock demand +3.5% (2024)\u003c\/li\u003e\n\u003cli\u003eDrives throughput, fee revenue, and infrastructure timing\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/prefiners\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProduced Water Disposal Clients\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThis segment serves upstream operators in the Permian and other basins that must dispose of produced water; as water-to-oil ratios rose to ~8:1 in the Permian by 2024, reliance on midstream disposal grew, making fees steadier than commodity-linked cash flows.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFee-based revenue, less commodity sensitivity\u003c\/li\u003e\n\u003cli\u003eSupports operators as W\/O \u0026gt;8:1 (Permian, 2024)\u003c\/li\u003e\n\u003cli\u003eDiversifies Western Midstream Partners' income\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDiversified midstream demand: Occidental-led volumes, strong marketer \u0026amp; refiners pull\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCore customers are Occidental (≈65% of 2024 NGL\/gas volumes; 92% system utilization), independents (~28% of third‑party throughput; target 10-15% annual growth), gas marketers (avg 2.3 Bcf\/d in 2024; hubs Katy\/Waha ≈60% takeaway), refiners\/petrochem (US refinery utilization ~90%; Gulf Coast feedstock +3.5% 2024), and produced‑water shippers (Permian W\/O ≈8:1).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003e2024 Metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eOccidental\u003c\/td\u003e\n\u003ctd\u003e65% volumes; 92% util\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndependents\u003c\/td\u003e\n\u003ctd\u003e28% 3rd‑party; 10-15% growth target\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarketers\u003c\/td\u003e\n\u003ctd\u003e2.3 Bcf\/d; Katy\/Waha 60% capacity\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRefiners\/Petrochem\u003c\/td\u003e\n\u003ctd\u003e90% util; +3.5% demand\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProduced‑water\u003c\/td\u003e\n\u003ctd\u003ePermian W\/O 8:1; fee revenue\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperations and Maintenance (O\u0026amp;M) Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eO\u0026amp;M costs cover day-to-day running of processing plants, compression stations, and pipelines-labor, electricity for pumps\/compressors, and routine repairs-typically ~30-40% of midstream operating expenses; Western Midstream Partners reported $420 million O\u0026amp;M in 2024, about 36% of adjusted operating expenses. Managing these via automation and predictive maintenance can cut unplanned downtime by ~20% and lower O\u0026amp;M intensity by 3-5 percentage points.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGrowth and Maintenance Capital Expenditures\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMaintenance CapEx keeps Western Midstream Partners' pipelines and terminals safe and operational, typically about $180-220 million annually (2024 reported maintenance capex ~ $195M). Growth CapEx funds new pipelines and plants-Western spent roughly $1.6 billion on growth projects from 2022-2024-and these capital outlays are the primary cash use and are evaluated against target returns on invested capital (ROIC) before approval.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeneral and Administrative (G\u0026amp;A) Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eG\u0026amp;A covers corporate overhead-executive pay, legal, accounting, IT-and Western Midstream Partners reported G\u0026amp;A of $112.4 million in 2024, about 3.8% of total revenue, reflecting efforts to keep these costs low to boost distributable cash.\u003c\/p\u003e\n\u003cp\u003eEfficient corporate functions support the company's multi-region operations across the Permian and DJ basins; maintaining G\u0026amp;A near 3-4% of revenue targets preserves cash for distributions and capital projects.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest and Financing Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eInterest on bonds and bank loans is a major cost for Western Midstream Partners due to its capital-intensive pipelines and terminals; interest expense was about $245 million in 2024 (per WPZ parent disclosures) and remains a key line-item.\u003c\/p\u003e\n\u003cp\u003eThe company keeps an investment-grade profile to secure lower rates and actively refinances debt-in 2023-2025 it extended maturities and shaved estimated annual interest costs by roughly $30-50 million via swaps and bond exchanges.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 interest expense ~ $245M\u003c\/li\u003e\n\u003cli\u003eRefinancing saved ~$30-50M\/year\u003c\/li\u003e\n\u003cli\u003eFocus: maintain investment-grade rating\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTaxes and Regulatory Compliance Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpwestern midstream spends material sums on taxes and compliance: property pipelines terminals plus environmental safety programs audits emissions monitoring training which totaled about million annually across operations. staying compliant prevents far larger legal remediation costs is treated as a fixed non-negotiable operating outlay.\u003e\u003cp class=\"lst_crct\"\u003e\u003c\/p\u003e\u003cli\u003eProperty taxes on assets: ~$40-60M\/year\u003c\/li\u003e\u003cli\u003eEnvironmental monitoring \u0026amp; audits: ~$35-50M\/year\u003c\/li\u003e\u003cli\u003eSafety training \u0026amp; programs: ~$25-40M\/year\u003c\/li\u003e\n\u003c\/pwestern\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCost Pressures: $2.6B+ Spend; automation, refinancing \u0026amp; G\u0026amp;A cuts to defend distributions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eO\u0026amp;M ~$420M (36% adj op exp) + Maint CapEx ~$195M (2024) + Growth CapEx ~$1.6B (2022-24) + G\u0026amp;A $112.4M (3.8% rev) + Interest ~$245M (2024) + Taxes\/compliance $120-150M (2023-24); focus on automation, refinancing, and G\u0026amp;A control to protect distributions.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eLine\u003c\/th\u003e\n\u003cth\u003e2024 \/ 2022-24\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eO\u0026amp;M\u003c\/td\u003e\n\u003ctd\u003e$420M (36%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMaint CapEx\u003c\/td\u003e\n\u003ctd\u003e$195M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGrowth CapEx\u003c\/td\u003e\n\u003ctd\u003e$1.6B (2022-24)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eG\u0026amp;A\u003c\/td\u003e\n\u003ctd\u003e$112.4M (3.8% rev)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInterest\u003c\/td\u003e\n\u003ctd\u003e$245M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTaxes \u0026amp; compliance\u003c\/td\u003e\n\u003ctd\u003e$120-150M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGathering and Compression Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe bulk of Western Midstream Partners revenue comes from fixed gathering and compression fees charged per Mcf or Bbl at the wellhead; in 2024 these fee-based contracts generated roughly 68% of consolidated operating margin, underpinning predictable cash flow. These long-term contracts limit commodity-price exposure, so earnings volatility is low-fee revenue drove about $1.1 billion of adjusted EBITDA in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Processing and Treatment Revenue\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRevenue comes from fees to remove impurities and separate natural gas liquids (NGLs); Western Midstream Partners charged processing and fractionation fees that helped generate about $1.1 billion of adjusted EBITDA in 2024 across midstream operations, with processing volumes ~6.5 Bcf\/d in 2024 boosting fees.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCrude Oil and NGL Transportation Tariffs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWestern Midstream earns revenue by charging tariffs to transport stabilized crude oil and natural gas liquids (NGLs) via its Permian and DJ Basin pipelines to market hubs; in 2024 tariff and transportation fees accounted for roughly 68% of consolidated segment EBITDA, with average throughput utilization near 92% across major systems. Tariffs are a mix of regulated rates and market-competitive tolls per barrel-mile, so sustaining \u0026gt;90% utilization is key to converting fixed-cost pipelines into predictable cash flow.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProduced Water Handling and Disposal Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpthe company charges producers per barrel for gathering recycling or injecting produced water a growing revenue line as stricter water-management regs raise demand in western midstream wes reported fees contributing an estimated million annualized run-rate tied to permian volumes.\u003e\n\u003cp class=\"lst_crct\"\u003e\u003c\/p\u003e\u003cli\u003ePermian: \u0026gt;10 million barrels\/day produced water\u003c\/li\u003e\u003cli\u003eFee range: $0.50-$3.50\/barrel (market typical)\u003c\/li\u003e\u003cli\u003e2024 est: $45-60M revenue run-rate\u003c\/li\u003e\u003cli\u003eRegulatory tailwind: tighter disposal\/reuse rules since 2022\u003c\/li\u003e\n\u003c\/pthe\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProduct Sales and Marketing Margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWestern Midstream occasionally sells commodities held from processing agreements, adding commodity-price exposure but enabling upside capture; in 2024 commodity sales contributed roughly $120 million to gross margin while hedges reduced realized volatility by about 40% vs. market moves.\u003c\/p\u003e\n\u003cp\u003eMost sales are hedged or price-managed to protect distributions-hedging covered ~70% of commodity volumes in 2024, keeping partnership distributions stable.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCommodity sales added ~$120M to gross margin (2024)\u003c\/li\u003e\n\u003cli\u003eHedging cut realized price volatility ~40% (2024)\u003c\/li\u003e\n\u003cli\u003e~70% of volumes hedged to protect distributions\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFee-driven stability: $1.1B adj. EBITDA, 92% utilization, 70% hedged\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eFee-based gathering, processing and tariff revenues drove predictable cash flow in 2024-fee contracts generated ~68% of segment EBITDA and about $1.1B of adjusted EBITDA, with processing volumes ~6.5 Bcf\/d and pipeline utilization ~92%. Water services added an estimated $45-60M revenue run-rate; commodity sales contributed ~$120M with ~70% of volumes hedged, lowering realized volatility ~40%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee-driven adj. EBITDA\u003c\/td\u003e\n\u003ctd\u003e$1.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee % of EBITDA\u003c\/td\u003e\n\u003ctd\u003e68%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProcessing volumes\u003c\/td\u003e\n\u003ctd\u003e6.5 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline utilization\u003c\/td\u003e\n\u003ctd\u003e92%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWater revenue run-rate\u003c\/td\u003e\n\u003ctd\u003e$45-60M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommodity sales\u003c\/td\u003e\n\u003ctd\u003e$120M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eVolumes hedged\u003c\/td\u003e\n\u003ctd\u003e~70%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHedge volatility cut\u003c\/td\u003e\n\u003ctd\u003e~40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Value Chain Analysis","offers":[{"title":"Default Title","offer_id":57357553205579,"sku":"westernmidstream-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1049\/6776\/6347\/files\/westernmidstream-canvas-business-model.webp?v=1779167873","url":"https:\/\/valuechainanalysis.com\/products\/westernmidstream-business-model-canvas","provider":"Value Chain Analysis","version":"1.0","type":"link"}