Western Gas Revenue, Profits - WGP Annual Income Statement

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$32.25 $1.38 (4.1%) WGP stock closing price Sep 19, 2018 (Closing)

WGP stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Western Gas stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue increase to $2.25B for 2017 impacts the WGP stock. Investors typically check year over year or quarter over quarter revenue growth. The operating expenses as shown in the Western Gas profit and loss statement for 2017 total to $319.26M. This line item shows that the operating expenses has increased compared with last year. Also check: Western Gas assets and Western Gas free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011
Western Gas Revenues or Net Sales
2.25B1.8B1.56B1.27B1.05B849.44M869.4M
Cost Of Goods Sold (COGS)1.22B802.2M825.2M637.26M532.94M336.07M453.83M
Western Gas Gross Profit
1.02B1B736.16M636.5M520.55M513.36M415.57M
Research & Development Expense-------
Selling General & Admin Expense28.39M24.59M457.61M5M56.7M248.61M57.14M
Income Before Depreciation Depletion Amortization995.27M977.46M278.54M631.49M463.84M264.74M358.42M
Depreciation Depletion Amortization290.87M272.93M244.16M183.15M145.91M117.26M113.13M
Non Operating Income18.28M17.44M16.32M17.83M18.83M17.19M24.06M
Interest Expense144.61M116.62M113.87M76.76M51.79M42.06M30.34M
Western Gas Pretax Income
578.06M605.35M-63.16M389.4M284.96M122.61M239.01M
Provision for Income Taxes4.86M8.37M3.38M2.02M2.58M29.45M58.79M
MinorityInterest196.59M251.2M-154.4M165.46M122.17M-86.05M
Investment Gains Losses-------
Other Income-------
Income Before Extraordinaries & Disc Operations573.2M596.98M-66.54M387.37M282.38M93.16M180.21M
Extraordinary Items & Discontinued Operations-------
Western Gas Profit/ Loss (Net Income)
376.6M345.77M87.86M221.91M160.21M93.16M94.15M
Average Shares used to compute Diluted EPS218.93M218.92M218.91M218.91M218.9M218.9M-
Average Shares used to compute Basic EPS218.93M218.92M218.91M218.91M218.9M218.9M-
Income Before Nonrecurring Items376.61M333.97M86.12M222.87M155.53M107.49M-
Income from Nonrecurring Items------73.51M-
Western Gas Earnings Per Share Basic Net
1.721.530.391.020.71-0.04-
Western Gas Earnings Per Share Diluted Net
1.721.530.391.020.71-0.04-
EPS Diluted Before Nonrecurring Items1.721.530.391.020.710.30-
Preferred Dividends Acc Pd-------
Dividends Common-------
Dividend Per Share Common2.021.711.401.040.630.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Western Gas stock analysis are:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that WGP stock has a topline or revenue of $2.25B for 2017 as per this Western Gas revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. WGP stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the WGP income statement, one can check the Western Gas historical stock prices to check how the price has moved with time.

Western Gas Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
19.43
PS Ratio (price sales ratio)
3.33
Operating Margin
15.6
Net Profit Margin
14.2
Dividend Yield
6.79%