Indeed, the Denver-based company revealed its stellar results for the quarter ended March 31, 2006. Net income increased 214% to $61.9 million, revenues were $989.1 million, EBITDA (earnings before interest, taxes, depreciation and amortization) was $134.7 million and cash flow before working capital adjustments was $115.7 million.
"Driven by 18% production growth and high commodity prices, Western delivered a record first quarter of earnings and cash flow to our shareholders. Momentum remains strong as we drill into our inventory of nearly 10,000 wells in our consolidated resource fairways," said Peter Dea, CEO and president, in a May 9, 2006, statement.
For further financial information visit the Investor Relations section of the company Web site: http://www.westerngas.com.
Primary Industry
Petroleum And Coal
Executive 1
James A. Senty, Chmn.
Executive 2
Walter L. Stonehocker, Vice-Chmn.
Executive 3
Peter A. Dea, Pres.; CEO
Executive 4
William J. Krysiak, Exec. VP; CFO
Executive 5
John F. Chandler, Exec. VP; COO
Revenues (US$ Millions)
3958.66
Revenue Growth (%)
28.96
Earnings Per Share (US$)
2.72
Total Equity (US$ Millions)
903.46
Profit Margin (%)
5.24
Return On Equity (%)
30.42
Debt To Equity Ratio (%)
0.48
Market Capitalization (US$ Millions)
3997.5
Revenue Growth (%)
28.96
Note: Financial data appeared in IW's June 2006 issue.
IW 50 Best Manufacturing Company
