Related-Party Transactions (Tables)

3 Months Ended

Mar. 31, 2022

The following tables summarize material related-party transactions included in the Partnership’s consolidated financial statements:


Consolidated statements of operations

	Three Months Ended March 31,
thousands		2022		2021
Revenues and other
Service revenues – fee based		$	414,899	$	367,475
Service revenues – product based		2,243		4,505
Product sales		11,567		6,271
Total revenues and other		428,709		378,251
Equity income, net – related parties (1)		49,607		52,165
Operating expenses
Cost of product (2)		(19,543)		17,647
Operation and maintenance		(59)		18,122
General and administrative (3)		1,975		4,093
Total operating expenses		(17,627)		39,862

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(1)See Note 6.

(2)Includes related-party natural-gas and NGLs imbalances.

(3)Includes (i) amounts charged by Occidental pursuant to the shared services agreement (see Services Agreement within this Note 5) and (ii) equity-based compensation expense allocated to the Partnership by Occidental, which is not reimbursed to Occidental and is reflected as a contribution to partners’ capital in the consolidated statements of equity and partners’ capital (see Incentive Plans within this Note 5).

5. RELATED-PARTY TRANSACTIONS





Consolidated balance sheets
thousands	March 31, 2022		December 31, 2021
Assets
Accounts receivable, net	$	274,222	$	180,205
Other current assets	28,847		12,490

Equity investments (1)	1,163,069		1,167,187
Other assets	46,531		45,494
Total assets	1,512,669		1,405,376
Liabilities
Accounts and imbalance payables	47,281		49,242

Accrued liabilities	4,476		13,914
Other liabilities	223,972		207,365
Total liabilities	275,729		270,521

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(1)See Note 6.


Consolidated statements of cash flows

	Three Months Ended March 31,
thousands	2022		2021
Distributions from equity-investment earnings – related parties	$	45,870	$	49,048
Capital expenditures	—		(2,000)

Contributions to equity investments – related parties	(2,070)		(86)
Distributions from equity investments in excess of cumulative earnings – related parties	9,925		12,141
Distributions to Partnership unitholders (1)	(65,492)		(66,642)
Distributions to WES Operating unitholders (2)	(2,805)		(2,551)
Net contributions from (distributions to) related parties	409		1,627

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(1)Represents distributions paid to Occidental pursuant to the partnership agreement of the Partnership (see Note 3 and Note 4).

(2)Represents distributions paid to Occidental, through its ownership of WGRAH, pursuant to WES Operating’s partnership agreement (see Note 3 and Note 4).

WES Operating [Member]

Related-Party Transactions Tables

The following tables summarize material related-party transactions for WES Operating (which are included in the Partnership’s consolidated financial statements) to the extent the amounts differ from the Partnership’s consolidated financial statements:


Consolidated statements of operations

	Three Months Ended March 31,
thousands		2022		2021
General and administrative (1)		$	2,948	$	4,587

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(1)Includes (i) amounts charged by Occidental pursuant to the shared services agreement (see Services Agreement within this Note 5), (ii) equity-based compensation expense allocated to WES Operating by Occidental, which is not reimbursed to Occidental and is reflected as a contribution to partners’ capital in the consolidated statements of equity and partners’ capital (see Incentive Plans within this Note 5), and (iii) an intercompany service fee between the Partnership and WES Operating.





Consolidated balance sheets
thousands	March 31, 2022		December 31, 2021

Other assets	$	45,619	$	45,494
Accounts and imbalance payables (1)	64,211		97,749
Accrued liabilities	4,159		13,597

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(1)Includes balances related to transactions between the Partnership and WES Operating.


Consolidated statements of cash flows

	Three Months Ended March 31,
thousands		2022		2021

Distributions to WES Operating unitholders (1)		$	(140,217)	$	(127,470)

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(1)Represents distributions paid to the Partnership and Occidental, through its ownership of WGRAH, pursuant to WES Operating’s partnership agreement. See Note 3 and Note 4.