western midstream partners - WES

WES

Close Chg Chg %
42.22 -0.56 -1.32%

Closed Market

41.66

-0.56 (1.32%)

Volume: 1.09M

Last Updated:

Jan 15, 2026, 3:59 PM EDT

Company Overview: western midstream partners - WES

WES Key Data

Open

$42.12

Day Range

41.37 - 42.24

52 Week Range

33.60 - 43.33

Market Cap

$17.23B

Shares Outstanding

408.00M

Public Float

239.70M

Beta

0.73

Rev. Per Employee

N/A

P/E Ratio

12.47

EPS

$3.39

Yield

855.08%

Dividend

$0.91

EX-DIVIDEND DATE

Oct 31, 2025

SHORT INTEREST

N/A

AVERAGE VOLUME

983.63K

 

WES Performance

1 Week
 
1.04%
 
1 Month
 
6.65%
 
3 Months
 
10.41%
 
1 Year
 
0.39%
 
5 Years
 
151.93%
 

WES Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 15
Full Ratings ➔

About western midstream partners - WES

Western Midstream Partners LP engages in the ownership, operation, acquisition, and development of midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was founded in 2007 and is headquartered in The Woodlands, TX.

WES At a Glance

Western Midstream Partners LP
9950 Woodloch Forest Drive
The Woodlands, Texas 77380-1046
Phone 1-346-786-5000 Revenue 3.61B
Industry Oil & Gas Pipelines Net Income 1.54B
Sector Industrial Services 2024 Sales Growth 16.055%
Fiscal Year-end 12 / 2025 Employees 1,511
View SEC Filings

WES Valuation

P/E Current 12.474
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 9.563
Price to Sales Ratio 4.077
Price to Book Ratio 4.52
Price to Cash Flow Ratio 6.78
Enterprise Value to EBITDA 9.867
Enterprise Value to Sales 6.071
Total Debt to Enterprise Value 0.372

WES Efficiency

Revenue/Employee 2,385,984.778
Income Per Employee 1,017,185.308
Receivables Turnover 4.997
Total Asset Turnover 0.281

WES Liquidity

Current Ratio 1.092
Quick Ratio 1.09
Cash Ratio 0.645

WES Profitability

Gross Margin 52.756
Operating Margin 43.486
Pretax Margin 45.195
Net Margin 42.632
Return on Assets 12.00
Return on Equity 50.121
Return on Total Capital 13.511
Return on Invested Capital 14.969

WES Capital Structure

Total Debt to Total Equity 251.587
Total Debt to Total Capital 71.558
Total Debt to Total Assets 61.929
Long-Term Debt to Equity 218.52
Long-Term Debt to Total Capital 62.152
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Western Midstream Partners - WES

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
2.70B 3.25B 3.11B 3.61B
Sales Growth
+5.84% +20.53% -4.47% +16.06%
Cost of Goods Sold (COGS) incl D&A
1.46B 1.66B 1.53B 1.70B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
551.63M 582.37M 600.67M 650.43M
Depreciation
519.93M 550.66M 568.97M 618.73M
Amortization of Intangibles
31.70M 31.70M 31.70M 31.70M
COGS Growth
+15.49% +13.92% -7.84% +11.48%
Gross Income
1.24B 1.59B 1.58B 1.90B
Gross Income Growth
-3.59% +28.26% -0.95% +20.48%
Gross Profit Margin
+46.06% +49.02% +50.82% +52.76%
2021 2022 2023 2024 5-year trend
SG&A Expense
195.55M 194.02M 232.63M 271.53M
Research & Development
- - - -
-
Other SG&A
195.55M 194.02M 232.63M 271.53M
SGA Growth
+25.54% -0.78% +19.90% +16.72%
Other Operating Expense
64.27M 78.56M 56.46M 62.67M
Unusual Expense
55.49M 20.49M 37.51M 803.00K
EBIT after Unusual Expense
927.39M 1.30B 1.25B 1.57B
Non Operating Income/Expense
383.32M 288.76M 148.54M 440.90M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
204.65M 183.48M 152.96M 112.39M
Interest Expense
376.51M 333.94M 348.23M 378.51M
Interest Expense Growth
-0.93% -11.31% +4.28% +8.70%
Gross Interest Expense
380.14M 339.57M 361.87M 393.73M
Interest Capitalized
3.62M 5.64M 13.64M 15.21M
Pretax Income
934.19M 1.26B 1.05B 1.63B
Pretax Income Growth
+78.67% +34.41% -16.19% +54.82%
Pretax Margin
+34.63% +38.61% +33.88% +45.19%
Income Tax
(9.81M) 4.19M 4.38M 18.11M
Income Tax - Current - Domestic
(37.00K) 2.19M 3.34M 3.90M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
(9.77M) 2.00M 1.04M 14.21M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
204.65M 183.48M 152.96M 112.39M
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
944.00M 1.25B 1.05B 1.61B
Minority Interest Expense
47.52M 61.89M 49.48M 74.28M
Net Income
896.48M 1.19B 998.53M 1.54B
Net Income Growth
+73.77% +32.69% -16.06% +53.92%
Net Margin Growth
+33.23% +36.58% +32.14% +42.63%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
896.48M 1.19B 998.53M 1.54B
Preferred Dividends
- - - -
-
Net Income Available to Common
896.48M 1.19B 998.53M 1.54B
EPS (Basic)
2.1796 3.0119 2.6069 4.0404
EPS (Basic) Growth
+84.01% +38.19% -13.45% +54.99%
Basic Shares Outstanding
411.31M 394.95M 383.03M 380.40M
EPS (Diluted)
2.1796 3.0022 2.5976 4.0187
EPS (Diluted) Growth
+84.01% +37.74% -13.48% +54.71%
Diluted Shares Outstanding
411.31M 396.24M 384.41M 382.45M
EBITDA
1.53B 1.90B 1.89B 2.22B
EBITDA Growth
-1.37% +24.06% -0.71% +17.35%
EBITDA Margin
+56.88% +58.54% +60.85% +61.53%

Snapshot

Average Recommendation HOLD Average Target Price 41.833
Number of Ratings 15 Current Quarters Estimate 0.892
FY Report Date 03 / 2026 Current Year's Estimate 3.702
Last Quarter’s Earnings 0.98 Median PE on CY Estimate N/A
Year Ago Earnings 3.497 Next Fiscal Year Estimate 3.998
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 7 7 12 11
Mean Estimate 0.89 0.92 3.70 4.00
High Estimates 0.94 0.97 3.94 4.24
Low Estimate 0.83 0.87 3.47 3.72
Coefficient of Variance 4.55 4.43 4.01 3.51

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 1 1 1
OVERWEIGHT 2 2 2
HOLD 9 9 10
UNDERWEIGHT 2 2 1
SELL 1 1 1
MEAN Hold Hold Hold

Insider Actions for Western Midstream Partners - WES

Date Name Shares Transaction Value
May 20, 2025 Robert G. Phillips Director 4,046 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00

Western Midstream Partners in the News