• Western Midstream Partners, LP average gross margin for 2023 was 91.44%, a 3.86% increase from 2022.
• Western Midstream Partners, LP average gross margin for 2022 was 88.04%, a 3.15% increase from 2021.
• Western Midstream Partners, LP average gross margin for 2021 was 90.9%, a 1.79% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.