Western Gas Revenue, Profits - WGP Quarterly Income Statement

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$35.87 $0.3 (0.84%) WGP stock closing price Jun 22, 2018 (Closing)

Fundamental analysis of WGP stock involves analyzing its financial statements, apart from checking the Western Gas stock price. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. Like any other income statement, the WGP income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a QoQ revenue decline of -30.83% when compared to the same period in the past. The Western Gas profit and loss statement for 2018 Q1 shows a net profit of $101.01M. Profits for last year was $99.52M. Apart from this an investor should also check Western Gas assets and Western Gas free cash flow.

View and download details of revenue and profits for Western Gas for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Western Gas Revenues or Net Sales
437.17M632.02M574.7M525.45M516.19M510.82M481.65M428.66M383.14M371.29M
Cost Of Goods Sold (COGS)166.07M363.4M318.75M279.42M263.11M249.11M220.39M180.02M152.68M219.67M
Western Gas Gross Profit
291.51M268.64M255.93M246.02M253.07M261.72M261.24M248.64M230.46M160.89M
Research & Development Expense----------
Selling General & Admin Expense27.37M12.9M4.7M-35M45.79M7.95M-2.55M5.99M13.2M246.61M
Income Before Depreciation Depletion Amortization264.13M255.75M251.23M281.02M207.27M253.76M263.8M242.64M217.26M-85.76M
Depreciation Depletion Amortization76.84M74.61M72.53M74.03M69.7M73.3M67.24M67.3M65.09M42.23M
Non Operating Income5.04M4.59M4.53M4.49M4.67M4.51M4.39M4.18M4.36M3.4M
Interest Expense40.34M36.18M36.11M36.29M36.03M39.77M31.3M13.42M32.13M31.54M
Western Gas Pretax Income
151.99M149.55M147.11M175.19M106.21M145.22M169.64M166.1M124.39M-428.72M
Provision for Income Taxes1.5M-0.04M--3.55M---6.63M-0.93M
MinorityInterest49.48M50.08M50.39M69.4M26.72M60.58M77.77M76.91M35.94M-302.54M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations101.01M99.52M96.2M104.94M75.94M83.7M91.4M88.86M81.82M-30.77M
Extraordinary Items & Discontinued Operations----------
Western Gas Profit/ Loss (Net Income)
101.01M99.52M96.2M104.94M75.94M83.7M91.4M88.86M81.82M-30.77M
Average Shares used to compute Diluted EPS218.93M218.93M218.93M218.93M218.93M218.93M218.92M218.92M218.92M218.92M
Average Shares used to compute Basic EPS218.93M218.93M218.93M218.93M218.93M218.93M218.92M218.92M218.92M218.92M
Income Before Nonrecurring Items101.01M99.52M96.2M104.94M75.94M86.44M91.4M88.86M81.82M-30.77M
Income from Nonrecurring Items------2.74M----
Western Gas Earnings Per Share Basic Net
0.460.450.440.480.350.380.420.410.32-0.14
Western Gas Earnings Per Share Diluted Net
0.460.450.440.480.350.380.420.410.32-0.14
EPS Diluted Before Nonrecurring Items0.460.450.440.480.350.390.420.410.32-0.14
Preferred Dividends Acc Pd----------
Dividends Common120.14117.68--------
Dividend Per Share Common0.550.540.530.490.460.450.430.420.400.38
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Western Gas stock analysis. An investor must check the following items in an income statement:

  • Topline: A growing topline, as seen from the Western Gas revenue chart, as isn't the case with Western Gas indicates a sagging business. One needs to compare the QoQ topline or sales growth of WGP stock with its peers like TRGP stock and PSXP stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $101.01M for Western Gas for 2018 Q1. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.

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)
19.6
PS Ratio (price sales ratio)
3.62
Operating Margin
42.8
Net Profit Margin
23.1
Dividend Yield
5.88%