Western Midstream Partners LP (Western Midstream Partners LP) COGS-to-Revenue

: 0.24 (As of Dec. 2023)

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Western Midstream Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $206 Mil. Its Revenue for the three months ended in Dec. 2023 was $858 Mil.

Western Midstream Partners LP's COGS to Revenue for the three months ended in Dec. 2023 was 0.24.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Western Midstream Partners LP's Gross Margin % for the three months ended in Dec. 2023 was 76.00%.

Western Midstream Partners LP COGS-to-Revenue Historical Data

The historical data trend for Western Midstream Partners LP's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Western Midstream Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.34

0.24

0.30

0.31

0.25

Western Midstream Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue																0.31	0.27	0.25	0.23	0.24

Western Midstream Partners LP COGS-to-Revenue Calculation

Western Midstream Partners LP's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	765.266	/	3106.476
	=	0.25

Western Midstream Partners LP's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	205.99	/	858.208
	=	0.24

Western Midstream Partners LP (NYSE:WES) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Western Midstream Partners LP's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	205.99 / 858.208
	=	76.00 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Western Midstream Partners LP COGS-to-Revenue Related Terms

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Western Midstream Partners LP (Western Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Midstream Partners LP (NYSE:WES) » Definitions » COGS-to-Revenue

Comparable Companies

PAA AM ENLC DTM FRO ETRN PAGP STNG CEQP HEP TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

9950 Woodloch Forest Drive, Suite 2800, The Woodlands, TX, USA, 77380

Website

http://www.westernmidstream.com

Western Midstream Partners LP is a US-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.

Executives

Kerr Mcgee Corp /de	10 percent owner	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Occidental Petroleum Corp /de/	10 percent owner	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Alejandro O Nebreda	officer: SVP, Business Services	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Michael S. Forsyth	officer: SVP, North Operations	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Daniel P. Holderman	officer: SVP Co-Chief Operating Officer	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Robert W. Bourne	officer: SVP & Chief Commercial Officer	1400 16TH STREET, SUITE 310, DENVER CO 80202
Kristen S. Shults	officer: SVP & Chief Financial Officer	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Frederick A. Forthuber	director	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Anadarko Ush1 Corp	10 percent owner	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Anadarko Holding Co	10 percent owner	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Christopher B. Dial	officer: SVP, GC and Secretary	2103 CITYWEST BLVD., BUILDING 4, SUITE 800, HOUSTON TX 77042
Charles G. Griffie	officer: SVP, Ops and Engineering	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Catherine A. Green	officer: VP & Chief Accounting Officer	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Lisa A Stewart	director	EL PASO CORPORATION, 1001 LOUISIANA STREET, HOUSTON TX 77002
Craig W Collins	officer: SVP & Chief Operating Officer	15021 KATY FREEWAY, SUITE 400, HOUSTON TX 77094