western midstream partners - WES

WES

Close Chg Chg %
49.46 -0.56 -1.13%

Open Market

48.90

-0.56 (1.13%)

Volume: 91.24K

Last Updated:

Sep 9, 2026, 10:47 AM EDT

Company Overview: western midstream partners - WES

WES Key Data

Open

$49.78

Day Range

48.90 - 49.89

52 Week Range

36.90 - 50.07

Market Cap

$20.47B

Shares Outstanding

413.18M

Public Float

257.08M

Beta

0.66

Rev. Per Employee

N/A

P/E Ratio

15.60

EPS

$3.19

Yield

744.49%

Dividend

$0.93

EX-DIVIDEND DATE

Jul 31, 2026

SHORT INTEREST

N/A

AVERAGE VOLUME

777.78K

 

WES Performance

1 Week
 
0.00%
 
1 Month
 
6.26%
 
3 Months
 
11.15%
 
1 Year
 
29.18%
 
5 Years
 
149.20%
 

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 3.84B
Industry Oil & Gas Pipelines Net Income 1.15B
Sector Industrial Services 2025 Sales Growth 6.607%
Fiscal Year-end 12 / 2026 Employees 1,704
View SEC Filings

WES Valuation

P/E Current 15.602
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 13.271
Price to Sales Ratio 3.986
Price to Book Ratio 4.009
Price to Cash Flow Ratio 6.80
Enterprise Value to EBITDA 10.418
Enterprise Value to Sales 6.105
Total Debt to Enterprise Value 0.376

WES Efficiency

Revenue/Employee 2,255,518.192
Income Per Employee 677,522.30
Receivables Turnover 4.872
Total Asset Turnover 0.273

WES Liquidity

Current Ratio 1.34
Quick Ratio 1.33
Cash Ratio 0.663

WES Profitability

Gross Margin 52.291
Operating Margin 40.107
Pretax Margin 31.939
Net Margin 30.038
Return on Assets 8.204
Return on Equity 31.818
Return on Total Capital 8.991
Return on Invested Capital 10.202

WES Capital Structure

Total Debt to Total Equity 219.321
Total Debt to Total Capital 68.684
Total Debt to Total Assets 58.802
Long-Term Debt to Equity 206.536
Long-Term Debt to Total Capital 64.68
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Western Midstream Partners - WES

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
3.25B 3.11B 3.61B 3.84B
Sales Growth
+20.53% -4.47% +16.06% +6.61%
Cost of Goods Sold (COGS) incl D&A
1.66B 1.53B 1.70B 1.83B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
582.37M 600.67M 650.43M 710.78M
Depreciation
550.66M 568.97M 618.73M 675.98M
Amortization of Intangibles
31.70M 31.70M 31.70M 34.80M
COGS Growth
+13.92% -7.84% +11.48% +7.66%
Gross Income
1.59B 1.58B 1.90B 2.01B
Gross Income Growth
+28.26% -0.95% +20.48% +5.67%
Gross Profit Margin
+49.02% +50.82% +52.76% +52.29%
2022 2023 2024 2025 5-year trend
SG&A Expense
194.02M 232.63M 271.53M 398.92M
Research & Development
- - - -
-
Other SG&A
194.02M 232.63M 271.53M 398.92M
SGA Growth
-0.78% +19.90% +16.72% +46.92%
Other Operating Expense
78.56M 56.46M 62.67M 69.34M
Unusual Expense
20.49M 37.51M 803.00K 14.76M
EBIT after Unusual Expense
1.30B 1.25B 1.57B 1.53B
Non Operating Income/Expense
288.76M 148.54M 440.90M 91.30M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
183.48M 152.96M 112.39M 85.79M
Interest Expense
333.94M 348.23M 378.51M 390.49M
Interest Expense Growth
-11.31% +4.28% +8.70% +3.16%
Gross Interest Expense
339.57M 361.87M 393.73M 400.68M
Interest Capitalized
5.64M 13.64M 15.21M 10.19M
Pretax Income
1.26B 1.05B 1.63B 1.23B
Pretax Income Growth
+34.41% -16.19% +54.82% -24.66%
Pretax Margin
+38.61% +33.88% +45.19% +31.94%
Income Tax
4.19M 4.38M 18.11M 15.09M
Income Tax - Current - Domestic
2.19M 3.34M 3.90M 11.14M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
2.00M 1.04M 14.21M 3.94M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
183.48M 152.96M 112.39M 85.79M
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
1.25B 1.05B 1.61B 1.21B
Minority Interest Expense
61.89M 49.48M 74.28M 57.96M
Net Income
1.19B 998.53M 1.54B 1.15B
Net Income Growth
+32.69% -16.06% +53.92% -24.88%
Net Margin Growth
+36.58% +32.14% +42.63% +30.04%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
1.19B 998.53M 1.54B 1.15B
Preferred Dividends
- - - -
-
Net Income Available to Common
1.19B 998.53M 1.54B 1.15B
EPS (Basic)
3.0119 2.6069 4.0404 2.9904
EPS (Basic) Growth
+38.19% -13.45% +54.99% -25.99%
Basic Shares Outstanding
394.95M 383.03M 380.40M 386.07M
EPS (Diluted)
3.0022 2.5976 4.0187 2.9764
EPS (Diluted) Growth
+37.74% -13.48% +54.71% -25.94%
Diluted Shares Outstanding
396.24M 384.41M 382.45M 387.88M
EBITDA
1.90B 1.89B 2.22B 2.25B
EBITDA Growth
+24.06% -0.71% +17.35% +1.54%
EBITDA Margin
+58.54% +60.85% +61.53% +58.60%

Snapshot

Average Recommendation HOLD Average Target Price 48.364
Number of Ratings 15 Current Quarters Estimate 0.914
FY Report Date 09 / 2026 Current Year's Estimate 3.72
Last Quarter’s Earnings 0.99 Median PE on CY Estimate N/A
Year Ago Earnings 2.98 Next Fiscal Year Estimate 4.059
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 10 10 12 12
Mean Estimate 0.91 0.93 3.72 4.06
High Estimates 0.97 1.04 3.88 4.90
Low Estimate 0.84 0.83 3.56 3.68
Coefficient of Variance 5.19 6.47 2.60 9.12

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 2 2 3
OVERWEIGHT 1 1 1
HOLD 10 10 9
UNDERWEIGHT 2 2 2
SELL 0 0 0
MEAN Hold Hold Hold

Insider Actions for Western Midstream Partners - WES

Date Name Shares Transaction Value
Aug 13, 2026 Frederick A. Forthuber Director 5,140 Open market or private purchase of non-derivative security Non-derivative transaction at $48.62 per share 249,906.80
Mar 13, 2026 Robert G. Phillips Director 5,296 Open market or private purchase of non-derivative security Non-derivative transaction at $40.19 per share 212,846.24
Feb 20, 2026 Christopher B. Dial SVP, GC and Secretary 225,015 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $42.35 per share 9,529,385.25

Western Midstream Partners in the News