Western Midstream Partners, LP (WES)

Price$43.24

Value ScoreB

Growth ScoreC

Momentum ScoreB

Favorite Metrics

Price vs S&P 500 (26W)-5.75%

Price vs S&P 500 (4W)-3.29%

VGM Score61.74

Market Capitalization$17.36B

P/E Ratio (Annual)14.70x

Indicated Dividend Yield (Annual)8.74%

All Metrics

P/CF (Annual)7.81x

Book Value / Share (Quarterly)$8.55

P/TBV (Annual)5.19x

Indicated Dividend (Annual)$3.72

Revenue Growth (3Y)5.73%

Cash Flow / Share (Quarterly)$3.40

Payout Ratio (TTM)120.25%

Price vs S&P 500 (YTD)-2.40%

Gross Margin (TTM)93.37%

Net Profit Margin (TTM)30.18%

EPS (TTM)$3.13

10-Day Avg Trading Volume1.65M

EPS Excl Extra (TTM)$3.13

Revenue Growth (5Y)6.75%

EPS (Annual)$3.04

Dividend / Share (Annual)$3.63

ROI (Annual)9.32%

Gross Margin (Annual)94.61%

Net Profit Margin (5Y Avg)35.31%

Cash / Share (Quarterly)$1.64

P/E Basic Excl Extra (TTM)14.20x

Revenue Growth QoQ (YoY)22.51%

EPS Growth (5Y)20.27%

P/E Normalized (Annual)14.70x

ROA (Last FY)7.87%

Revenue Growth TTM (YoY)11.43%

EBITD / Share (TTM)$6.12

ROE (5Y Avg)37.04%

Operating Margin (TTM)41.01%

Cash Flow / Share (Annual)$3.66

P/B Ratio5.16x

P/B Ratio (Quarterly)4.82x

Net Income / Employee (Annual)$693,100

EV / Revenue (TTM)6.26x

Net Interest Coverage (TTM)5.03x

ROA (TTM)9.02%

EPS Growth QoQ (YoY)8.23%

EV / EBITDA (TTM)10.56x

EPS Incl Extra (Annual)$3.04

Current Ratio (Annual)1.34x

Quick Ratio (Quarterly)1.08x

3-Month Avg Trading Volume1.54M

52-Week Price Return14.90%

EV / Free Cash Flow (Annual)16.96x

P/E Incl Extra (TTM)14.20x

Revenue / Employee (TTM)$2,376,700

Tangible BV / Share (Quarterly)$6.26

P/S Ratio (Annual)4.52x

Asset Turnover (Annual)0.26x

52-Week High$48.01

Operating Margin (5Y Avg)47.16%

EPS Excl Extra (Annual)$3.04

CapEx CAGR (5Y)11.46%

Tangible BV CAGR (5Y)9.38%

26-Week Price Return10.18%

Quick Ratio (Annual)1.32x

13-Week Price Return4.13%

Total Debt / Equity (Annual)2.15x

Current Ratio (Quarterly)1.09x

Enterprise Value$25.35B

Revenue / Share Growth (5Y)9.26%

Asset Turnover (TTM)0.30x

Book Value / Share Growth (5Y)8.12%

Revenue / Employee (Annual)$2,255,500

Inventory Turnover (Annual)26.97x

Pretax Margin (Annual)31.94%

Cash / Share (Annual)$2.01

3-Month Return Std Dev23.88%

Gross Margin (5Y Avg)92.08%

Net Income / Employee (TTM)$717,300

EBITDA CAGR (5Y)10.85%

EBITDA Interim CAGR (5Y)9.64%

ROE (Last FY)29.37%

Net Interest Coverage (Annual)4.89x

EPS Basic Excl Extra (Annual)$3.04

P/FCF (TTM)12.95x

Receivables Turnover (TTM)5.36x

EV / Free Cash Flow (TTM)18.92x

Total Debt / Equity (Quarterly)2.57x

EPS Incl Extra (TTM)$3.13

Receivables Turnover (Annual)5.21x

ROI (TTM)10.88%

Dividend Growth Rate (5Y)17.51%

P/S Ratio (TTM)4.29x

Pretax Margin (5Y Avg)36.42%

Revenue / Share (Annual)$9.91

Tangible BV / Share (Annual)$7.61

Forward P/E12.82x

Free OCF CAGR (5Y)4.24%

Price vs S&P 500 (52W)-13.30%

P/E Ratio (TTM)14.20x

EPS Growth TTM (YoY)-8.63%

Year-to-Date Return8.53%

5-Day Price Return-6.82%

EPS Normalized (Annual)$3.04

ROA (5Y Avg)9.39%

Net Profit Margin (Annual)30.73%

Month-to-Date Return-1.40%

Cash Flow / Share (TTM)$4.31

EBITD / Share (Annual)$5.96

EPS Growth (3Y)-0.30%

Operating Margin (Annual)41.67%

LT Debt / Equity (Annual)2.03x

P/CF (TTM)8.03x

ROI (5Y Avg)10.93%

P/E Excl Extra (TTM)14.20x

LT Debt / Equity (Quarterly)2.43x

EPS Basic Excl Extra (TTM)$3.13

P/TBV (Quarterly)6.58x

Payout Ratio (Annual)121.17%

P/B Ratio (Annual)4.01x

Dividend / Share (TTM)$3.79

Inventory Turnover (TTM)20.55x

Pretax Margin (TTM)31.36%

Book Value / Share (Annual)$9.85

Price vs S&P 500 (13W)-5.62%

Net Margin Growth (5Y)10.08%

Dividend Yield (TTM)8.47%

Beta0.66x

P/FCF (Annual)11.62x

Revenue / Share (TTM)$10.11

ROE (TTM)35.54%

52-Week Low$36.90

vGradeB

gGradeC

mGradeB

vgmGradeB

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Earnings Surprise History

Q1 260.85est. 0.75

Analyst Recommendations

Feb 2026

Mar 2026

Apr 2026

May 2026

3.28

Industry Peers — Natural Gas Distribution(18)

Symbol	Value Score	Growth Score	Momentum Score	Price
WESWestern Midstream Partners, LP	B	C	B	$43.24
WMBWilliams Companies Inc.	F	B	C	$70.04
NGGNational Grid PLC	D	B	C	$80.00
EPDEnterprise Products Partners L.P.	B	C	B	$37.21
TRPTC Energy Corporation	D	D	B	$66.13
KMIKinder Morgan, Inc.	C	B	C	$30.85
ETEnergy Transfer LP Common Units representing limited partner interests	A	B	B	$19.27
TRGPTarga Resources Corp.	D	C	B	$259.08
DTMDT Midstream, Inc.	D	B	B	$138.34
AMAntero Midstream Corporation Common Stock	D	C	C	$20.83
KNTKKinetik Holdings Inc.	D	B	C	$45.53

About

Western Midstream Partners LP is a US midstream energy company that gathers, processes, compresses, treats, and transports natural gas, crude oil, and natural gas liquids. The company operates integrated infrastructure assets across the Rocky Mountains (Colorado, Utah, Wyoming), Mid-Continent (Kansas, Oklahoma), and Texas regions. Western Midstream acquires and develops midstream assets to support energy producers and distributors across these key North American basins.