• Western Midstream Partners, LP average return on tangible equity for 2023 was 44.22, a 2.45% increase from 2022.
• Western Midstream Partners, LP average return on tangible equity for 2022 was 45.33, a 8.11% decline from 2021.
• Western Midstream Partners, LP average return on tangible equity for 2021 was 41.93, a 92.87% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.