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Western Midstream Partners, LPNYSE:WES Stock Report

Market Cap US$14.3b
Share Price
US$38.36
My Fair Value
US$40.5
5.3% undervalued intrinsic discount
1Y0.05%
7D1.7%
Portfolio Value
View

Western Midstream Partners, LP

NYSE:WES Stock Report

Market Cap: US$14.3b

Western Midstream Partners (WES) Stock Overview

Operates as a midstream energy company primarily in the United States. More details

WES fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends4/6

WES Community Fair Values

Create Narrative

See what 39 others think this stock is worth. Follow their fair value or set your own to get alerts.

Western Midstream Partners, LP Competitors

Price History & Performance

Summary of share price highs, lows and changes for Western Midstream Partners
Historical stock prices
Current Share PriceUS$38.36
52 Week HighUS$43.33
52 Week LowUS$33.60
Beta1.12
1 Month Change0.13%
3 Month Change-5.63%
1 Year Change0.052%
3 Year Change34.88%
5 Year Change357.76%
Change since IPO37.00%

Recent News & Updates

Western Midstream: Buy This 9.3% Yield Hand Over Fist

Oct 13

Recent updates

Western Midstream: Buy This 9.3% Yield Hand Over Fist

Oct 13

Western Midstream Can Continue To Afford Its Leading Dividend

Mar 27

Western Midstream Partners: A Dividend-Paying Machine In A Time Of High Volatility

Mar 17

Western Midstream: Scoop Up This Ultra-High-Yielding Deal Now

Feb 11

Western Midstream: Deeply Undervalued With An 8.7% Yield

Jan 10

Western Midstream: A 9% Yield, Undervalued, And Still Room To Grow

Dec 16

Western Midstream: 9% Yield Looks Solid Despite Moderating Growth

Nov 19

Western Midstream: 9% Yield With Growth Tailwinds From Permian Gas Expansion

Nov 08

Western Midstream: Pumping Out A Massive 9% Yield

Oct 18

Western Midstream: My Top 2 MLP Income Pick

Oct 06

Western Midstream: Time To Buy This Ultra-High-Yielding Bargain

Sep 13
User avatar

Strategic Expansion And Cost-Saving Innovations Fuel Growth In Natural Gas Sector

Enhanced revenue prospects through volume expansion in key basins and strategic cost savings aim to improve net margins.

Western Midstream Partners: High Yield Supported By Growth

Aug 09

8.8% Yield And Investment Grade? I'm All In - Western Midstream

Jul 30

Western Midstream: One Of The Highest Energy Yields

Jul 08

Western Midstream: This 9%-Yielding MLP May Be Worth Buying Now

Jun 20

9.3% Yield And Investment-Grade Rating Yes! Western Midstream

Jun 07

Shopping For Income? Don't Ignore 9%-Yielding Western Midstream Partners

May 20

Western Midstream Continues To Drive Reliable Returns

May 13

Western Midstream: 10% Forward Yield Plus Capital Appreciation From Investment Grade Company

Apr 03

Western Midstream: Redlining The Balance Sheet

Mar 16

Western Midstream's Recent Strength Doesn't Change The Thesis

Mar 05

My Income Climbed 52%, More Capital Gains Ahead: Western Midstream

Feb 28

Western Midstream: The Breakout Is Here And It's Likely Not Over

Feb 22

Natural Gas Demand Is Soaring: Earn +8% Yields From Western Midstream

Dec 26

Western Midstream Partners: Latest Actions Should Drive A Breakout

Nov 02

Western Midstream: Meritage Acquisition Should Drive Growth

Oct 26

Western Midstream's Lack Of Appreciation Is Your Opportunity

Oct 01

Western Midstream Partners LP: Strong And Reliable Yield For The Dividend-Oriented Investor

Sep 25

Western Midstream Partners: Guidance Doesn't Reflect Long-Term Opportunity

Aug 13

Western Midstream Partners LP: Occidental Benefits

Jul 24

Western Midstream: Steady Performer Remains A Buy

Jul 13

Western Midstream: Leading The Pack In Midstream

Jun 13

Western Midstream: Buy The Dip

Jun 06

Western Midstream: Untapped Potential

Feb 21

Western Midstream Partners declares $0.50 dividend

Jan 20

Shareholder Returns

WESUS Oil and GasUS Market
7D1.7%0.8%-0.1%
1Y0.05%-1.3%16.6%

Return vs Industry: WES exceeded the US Oil and Gas industry which returned -2.8% over the past year.

Return vs Market: WES underperformed the US Market which returned 16.7% over the past year.

Price Volatility

Is WES's price volatile compared to industry and market?
WES volatility
WES Average Weekly Movement3.0%
Oil and Gas Industry Average Movement5.6%
Market Average Movement6.5%
10% most volatile stocks in US Market17.3%
10% least volatile stocks in US Market3.0%

Stable Share Price: WES has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: WES's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20071,511Oscar Brownwww.westernmidstream.com

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting of natural gas; gathering, stabilizing, and transporting of condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. It also buys and sells natural gas, NGLs, and condensate.

Western Midstream Partners, LP Fundamentals Summary

How do Western Midstream Partners's earnings and revenue compare to its market cap?
WES fundamental statistics
Market capUS$14.34b
Earnings (TTM)US$1.24b
Revenue (TTM)US$3.67b
11.8x
P/E Ratio
4.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WES income statement (TTM)
RevenueUS$3.67b
Cost of RevenueUS$1.07b
Gross ProfitUS$2.60b
Other ExpensesUS$1.36b
EarningsUS$1.24b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 04, 2025

Earnings per share (EPS)3.26
Gross Margin70.86%
Net Profit Margin33.86%
Debt/Equity Ratio207.2%

How did WES perform over the long term?

See historical performance and comparison

Dividends

9.5%
Current Dividend Yield
109%
Payout Ratio

Does WES pay a reliable dividends?

See WES dividend history and benchmarks
When do you need to buy WES by to receive an upcoming dividend?
Western Midstream Partners dividend dates
Ex Dividend DateOct 31 2025
Dividend Pay DateNov 14 2025
Days until Ex dividend8 days
Days until Dividend pay date22 days

Does WES pay a reliable dividends?

See WES dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/22 11:05
End of Day Share Price 2025/10/22 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Western Midstream Partners, LP is covered by 28 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Marc SolecittoBarclays
Indraneel MitraBofA Global Research
Jean Ann SalisburyBofA Global Research