Western Midstream Partners LP
WES | NYSE
$46.73
-$0.56 (-1.18%)
Sep 21, 2026, 11:05 AM ET · Market open
Market Data
Market Cap $19.54B
Enterprise Value $28.56B
Beta 0.66
Average Volume 1.06M
Shares Outstanding (Diluted) 399.38M
Shares Change YoY 4.46%
Institutional Ownership 41.33%
Exchange NYSE
ISIN US9586691035
Price Performance
Price Change 1M -5.1%
Price Change 3M 10.0%
Price Change 6M 12.9%
Price Change YTD 19.1%
Price Change 1Y 22.8%
Price Change 3Y 77.0%
Price Change 5Y 133.1%
1M CAGR (ann.) 0.7%
1Y CAGR (ann.) 34.7%
5Y CAGR (ann.) 29.4%
All-Time CAGR 7.0%
Valuation
PE Ratio 14.78
Forward PE 11.61
PEG Ratio -8.03
Forward PEG 1.64
PS Ratio 4.51
Forward PS 4.00
PB Ratio 4.59
P/FCF Ratio 7.84
P/Adj. FCF Ratio 7.91
P/OCF Ratio 8.76
EV/Sales 6.59
EV/EBIT 18.64
EV/EBITDA 12.38
EV/FCF 11.46
Earnings Yield 6.8%
FCF Yield 12.8%
Adj. FCF Yield 12.6%
Financial Health
Net Debt $8.95B
Total Debt $9.13B
Cash & Short-Term Investments $104.77M
Total Assets $16.32B
Current Ratio 0.91
Quick Ratio 0.91
Debt / Equity Ratio 2.14
Debt / EBITDA 3.96
Debt / FCF 3.66
OCF / Debt 0.29
Interest Coverage 8.60
Altman Z-Score 1.55
Piotroski F-Score 4
Margins & Profitability
Gross Profit Margin 66.5%
Operating Profit Margin 39.7%
EBITDA Margin 53.2%
Net Profit Margin 29.2%
FCF Margin 57.5%
Adj. FCF Margin 57.0%
SBC / Revenue 0.6%
SBC Impact (per share) -1.0%
Returns
Return on Assets 7.8%
Return on Equity 34.1%
Return on Invested Capital 11.1%
Return on Capital Employed 11.4%
Return on Tangible Assets 8.7%
Historical Growth (CAGR)
Revenue CAGR 3Y 11.9%
Revenue CAGR 5Y 9.8%
Revenue CAGR 10Y 10.7%
EPS CAGR 3Y 6.2%
EPS CAGR 5Y 8.2%
EPS CAGR 10Y 18.8%
FCF CAGR 3Y 30.5%
FCF CAGR 5Y 12.7%
FCF CAGR 10Y 26.5%
Analyst Forecasts
Analyst Rating Hold
Analyst Count 13
EPS Growth Next 3Y 15.4%
Revenue Growth Next 3Y 6.3%
Earnings Date Nov 2, 2026
EPS Estimate (next Q) $0.89
EPS Growth Est (next Q) 2.3%
Revenue Est (next Q) $1.18B
Revenue Growth Est (next Q) 24.3%
Fair Value Estimates
Graham Number $28.22
Graham Upside -40.3%
Lynch Fair Value $26.18
Lynch Upside -44.6%
Price Target $49.71
Price Target Upside 5.1%
Cash Flow
Operating Cash Flow $2.63B
Free Cash Flow $2.49B
Adj. Free Cash Flow $2.47B
FCF Per Share $5.65
OCF Per Share $5.40
OCF/S Ratio 49.6%
Income Statement
Revenue $4.33B
Gross Profit $2.88B
Operating Income $1.72B
EBITDA $2.31B
Net Income $1.26B
EPS (Diluted) $3.20
Revenue / Employee $2.54M
Profit / Employee $742.28K
Employees 1,704
Dividends
Annual Dividend $3.68
Dividend Yield 7.78%
Payout Ratio 115.0%
FCF Payout Ratio 75.0%
Adj. FCF Payout Ratio 75.7%
Dividend Growth (YoY) 3.1%
Pay Frequency Quarterly
Ex-Dividend Date Jul 30, 2026
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