Western Midstream Partners, LP (WES)

NYSE: WES · USD

$45.0

-0.31 (-0.7%)· Recorded snapshot

Market cap	18.6B
Revenue (ttm)	4.3B
Net income (ttm)	1.3B
EPS (ttm)	$3.17
Shares out	413.2M
P/E (trailing)	14.2x
P/E (forward)	11.2x
Dividend	$3.72 (8.24%)
Volume	1,119,912
Beta	0.71

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 4.3B
Net income (ttm): 1.3B
EPS (ttm): $3.17
P/E (trailing): 14.2x
P/E (forward): 11.2x
Market cap: 18.6B

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
BKR	Baker Hughes Company	54.3B	18.8x	1.9x	11.7%	+7.0%	+20.1%	ขาย
COP	ConocoPhillips	179B	19.8x	2.8x	11.6%	+16.8%	+73.8%	ถือ
CVX	Chevron Corporation	448.9B	22.0x	2.2x	8.2%	+12.6%	+54.1%	ลดน้ำหนัก

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E11.2

P25 n/aP50 n/aP75 n/a

Trailing P/E14.2

P25 n/aP50 n/aP75 n/a

ROE34.1

P25 n/aP50 n/aP75 n/a

ROIC13.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All WES indicators

Market & fundamental data

Available fields

284

Groups with data

Currency

USD

Showing 284 of 284 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001423902
Company name	Western Midstream Partners, LP
Country	United States
Country code	US
CUSIP number	958669103
Earnings date	2026-11-04
Earnings time	amc
Employees	1,704
Employees change	193
Employees growth	12.77%
Enterprise value	$27.6B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2007
Industry	Oil & Gas Midstream
IPO date	2008-05-09
Is primary listing	Yes
Is SPAC	No
ISIN number	US9586691035
Last 10-K release date	2026-02-18
Last earnings date	2026-08-05
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$18.6B
Market cap category	Large-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$45.00
Price currency	USD
Sector	Energy
SIC code	4922
Stock price date	2026-10-28
Symbol	WES
U.S. state	Texas
Website	https://www.westernmidstream.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	13.82x
Average P/E ratio (10Y)	15.44x
Average P/E ratio (3Y)	11.5x
Average P/E ratio (5Y)	10.67x
Earnings yield	7.04%
EV/Earnings	22.14x
EV/EBIT	16.3x
EV/EBITDA	11.11x
EV/FCF	22.81x
EV/Sales	6.42x
FCF / EV yield	4.38%
FCF yield	6.49%
Forward EV/Sales	5.69x
Forward P/E	11.23x
Forward P/S	3.84x
Graham number	27.09442
Graham upside	-40.43%
Industry forward P/E	15.24x
Industry P/E	17.83x
Lynch fair value	$21.27
Lynch upside	-53.23%
P/(FCF - SBC) ratio	16.15x
P/(OCF - SBC) ratio	9.05x
P/B ratio	4.4x
P/E ratio	14.2x
P/FCF ratio	15.41x
P/OCF ratio	8.81x
P/S ratio	4.34x
PEG ratio	1.11x
Price / tangible book value	7.58x
Price/EBITDA ratio	7.51x
Sector forward P/E	10.03x
Sector P/E	15.16x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	39.4%
EBITDA margin	57.77%
Effective tax rate	1.35%
FCF margin	28.15%
Gross margin	68.67%
Operating margin	39.4%
Pretax margin	30.87%
Profit margin	29%
Profit per employee	$737,198
Profitable quarters	25
Profitable years	17
Revenue per employee	$2.5M
ROA	7.49%
ROA (5Y)	6.98%
ROCE	11.33%
ROE	34.11%
ROE (5Y)	37.7%
ROIC	13.47%
ROIC (5Y)	13.16%
SBC / revenue	1.3%
Tax / revenue	0.42%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-2.52%
EPS growth (Q)	13.79%
EPS growth (QoQ)	16.47%
EPS growth 10Y	12.28%
EPS growth 3Y	5.86%
EPS growth 5Y	7.99%
EPS growth quarters	2
EPS growth years	0
FCF growth	-15.97%
FCF growth (Q)	-31.39%
FCF growth (QoQ)	12.9%
FCF growth 3Y	2.85%
FCF growth 5Y	-2.18%
Gross profit growth	14.35%
Gross profit growth (Q)	21.76%
Gross profit growth 3Y	12.7%
Gross profit growth 5Y	9.18%
Net income growth	1.04%
Net income growth (Q)	18.32%
Net income growth (QoQ)	15.33%
Net income growth 3Y	6.7%
Net income growth 5Y	6.71%
Net income growth quarters	2
Net income growth years	0
OCF growth	-3.09%
OCF growth (Q)	-5.19%
OCF growth (QoQ)	13.8%
OCF growth 10Y	10.25%
OCF growth 3Y	6.79%
OCF growth 5Y	5.75%
Operating income growth	7.39%
Operating income growth (Q)	21.81%
Operating income growth 3Y	11.94%
Operating income growth 5Y	7.68%
Revenue growth	18%
Revenue growth (Q)	29.97%
Revenue growth (QoQ)	9%
Revenue growth 10Y	10.06%
Revenue growth 3Y	11.93%
Revenue growth 5Y	9.75%
Revenue growth quarters	11
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-913M
Depreciation and amortization	$796.1M
EBIT	$1.7B
EBITDA	$2.5B
EPS	$3.17
FCF per share	$2.95
Financing cash flow	$-44.8M
Free cash flow	$1.2B
Free cash flow minus SBC	$1.2B
Gross profit	$3B
Income taxes	$18.1M
Investing cash flow	$-2.1B
Net borrowing	$1.5B
Net cash flow	$-25M
Net income	$1.3B
Operating cash flow minus SBC	$2.1B
Operating income	$1.7B
Revenue	$4.3B
Stock-based compensation	$56.2M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$10.30
Debt / EBITDA	3.54
Debt / equity	2.07
Debt / FCF	7.49
Goodwill	$391.5M
Interest coverage	4.06
Long-term assets	$15.2B
Long-term liabilities	$10.7B
Net cash (debt)	$-9B
Net cash / market cap	-48.02%
Net debt / EBITDA	3.61
Net debt / equity	2.05
Net debt / FCF	7.4
Piotroski F-Score	5
Property, plant and equipment	$12.5B
Shareholders' equity	$4.4B
Tangible book value	$2.5B
Tangible book value per share	$6.00
Total assets	$16.3B
Total cash	$104.8M
Total debt	$9.1B
Total liabilities	$11.9B
WACC	6.97%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.3
Current assets	$1.1B
Current liabilities	$1.2B
Current ratio	0.91
Inventory turnover	111.29
Net working capital	$28.7M
Quick ratio	0.87
Working capital	$-110.6M
Working capital turnover	86.97

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-3.66%
Dividend growth	2.64%
Dividend growth (10Y)	8.03%
Dividend growth (3Y)	20.07%
Dividend growth (5Y)	23.88%
Dividend growth years	4
Dividend payment date	2026-11-13
Dividend payment years	14
Dividend payout frequency	Quarterly
Dividend per share	$3.72
Dividend yield	8.24%
Ex-dividend date	2026-11-02
FCF payout ratio	126.04%
Last dividend	$0.93
Payout ratio	117.38%
Shareholder yield	4.52%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	2.58%
10Y return CAGR	8.77%
10Y total return	131.78%
150-day SMA	$44.99
1D price change	-0.68%
1M price change	-1.32%
1M total return	-1.32%
1W price change	0.94%
1W total return	0.94%
1Y price change	16.43%
1Y return CAGR	27.1%
1Y total return	27.08%
20-day SMA	$45.03
200-day SMA	$44.11
3M price change	-3.7%
3M total return	-1.78%
3Y price change	66.36%
3Y return CAGR	29.5%
3Y total return	117.22%
50-day SMA	$46.58
50-day SMA vs 200-day SMA	50over200
52-week high	$50.07
52-week high date	2026-08-18
52-week low	$36.90
52-week low date	2025-11-03
5Y price change	104.92%
5Y return CAGR	25.6%
5Y total return	212.48%
6M price change	9.17%
6M total return	13.78%
All-time high	$66.24
All-time high date	2015-04-27
All-time low	$2.90
All-time low date	2020-04-01
Average true range (ATR)	$0.80
Average volume	1.2M
Beta (1Y)	-0.25
Beta (2Y)	0.24
Beta (5Y)	0.71
Change from 52-week high	-10.13%
Change from 52-week low	21.95%
Change from all-time high	-32.07%
Change from all-time low	1,451.72%
Change from open	-0.66%
Day's gap	-0.02%
Dollar volume	$50.4M
High price	$45.50
Low price	$44.97
Monthly RSI	61.24
Open price	$45.30
Position in 52-week range	5.66%
Premarket change	0.3%
Premarket close	$45.31
Premarket price	$45.45
Premarket volume	1.3K
Previous close	$45.31
Price vs 150-day SMA	0.02%
Price vs 20-day SMA	-0.07%
Price vs 200-day SMA	2.02%
Price vs 50-day SMA	-3.38%
Relative volume	0.95
RSI	45.55
Sharpe ratio	1.1
Sharpe ratio (3Y)	1.01
Sharpe ratio (5Y)	0.77
Sortino ratio	1.9
Sortino ratio (3Y)	1.78
Sortino ratio (5Y)	1.36
Volume	1.1M
Weekly RSI	49.18
YTD price change	13.92%
YTD total return	21.4%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	261.8M
Float percentage	63.37%
Shares change (QoQ)	-0.3%
Shares change (YoY)	3.66%
Shares held by insiders	0.2%
Shares held by institutions	43.79%
Shares outstanding	413.2M
Short % of float	2.3%
Short % of shares	1.46%
Short ratio	7 days

Deeper analysis on WES

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this WES report

Is a complete WES research report available?

No complete published report is available for Western Midstream Partners, LP (WES) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Western Midstream Partners, LP (WES)

Price

Financial snapshot

Fair-value bridge

Latest news · WES

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All WES indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on WES

Frequently asked questions