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Western Midstream Partners

(NYSE) WES

Current Price$46.03
Market Cap$19.55BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2012)+307%
5 Year+257%
1 Year+25%
1 Month+5%
Western Midstream Partners last closing stock price
MetricPriceDate
Last closeUSD 46.072026-07-16
Western Midstream Partners stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+2.67%USD 44.872026-07-09
1 month+5.3%USD 43.752026-06-16
3 month+16.12%USD 39.672026-04-17
Year to date+21.86%USD 37.812025-12-31
1 year+25.38%USD 36.752025-07-16
3 year+121.34%USD 20.812023-07-17
5 year+257.4%USD 12.892021-07-16
Since inception+306.85%USD 11.322012-12-07

Western Midstream Partners Financials at a Glance

Market Cap

$19.55BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$4.05B

Net Income (TTM)

$1.20B

EPS (TTM)

$3.06

P/E Ratio

15.06

Dividend

$3.66

Beta (Volatility)

0.68 (Low)

Price

$46.03

Volume

465,908.227

Open

$46.15

Previous Close

$45.97

Daily Range

$45.81 - $46.51

52-Week Range

$36.90 - $48.01

Estimated Earnings Date

Aug 5, 2026

About Western Midstream Partners

Western Midstream Partners, LP provides essential energy services in the U.S. It gathers and transports natural gas and liquids. These services support energy production and distribution.

Products and Services

Natural Gas Services: Gathering, compressing, treating, processing, and transporting natural gas.

Liquids Services: Gathering, stabilizing, and transporting condensate, NGLs, and crude oil.

Water Services: Gathering and disposing of produced water.

Commodity Sales: Buying and selling natural gas, NGLs, and condensate.

Asset Management: Optimizing the use and performance of energy infrastructure.

Growth and Expansion

Renamed from Western Gas Equity Partners, LP to Western Midstream Partners, LP in 2019.

Strategic partnership with Occidental Petroleum Corporation enhances operational stability.

Assets strategically located in Texas, New Mexico, Rocky Mountains, and Pennsylvania.

What Makes Western Midstream Special

Western Midstream's strategic asset locations in key U.S. energy regions provide a competitive edge. Its partnership with Occidental Petroleum offers stability and growth potential.

Financial Highlights

Market cap of $14.82 billion as of 2023.

Stock price ranged from $33.60 to $43.33 in 2023.

Beta of 2.33 indicates higher market volatility.

Incorporated in 2007, IPO in December 2012.

Bottom Line

Western Midstream Partners, LP has evolved through strategic partnerships and asset positioning. It remains a key player in the U.S. midstream energy sector.

AI Generated • Apr 16, 2026

Industry

Oil, Gas and Consumable Fuels

Sector

Energy

Employees

1,704

CEO

Oscar Kris Brown

Headquarters

The Woodlands, TX 77380, US

WES Financials

Key Financial Metrics (TTM)

Gross Margin

68.78%

Operating Margin

40.43%

Net Income Margin

29.70%

Return on Equity

34.98%

Return on Capital

12.24%

Return on Assets

8.06%

Earnings Yield

6.64%

Dividend Yield

7.94%

Payout Ratio

1.22%

Stock Overview

Market Cap

$19.55BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

424.28M

Volume

465.91K

Avg. Volume

1.34M

Financials (TTM)

Gross Profit

$2.79B

Operating Income

$1.64B

EBITDA

$2.19B

Operating Cash Flow

$2.19B

Capital Expenditure

-$821.32M

Free Cash Flow

$1.37B

Cash & ST Invst.

$647.50M

Total Debt

$8.71B

Western Midstream Partners Performance Analysis

Western Midstream Partners annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 3,251,721,00020.5%
20232023-12-31USD 3,106,476,000-4.5%
20242024-12-31USD 3,605,223,00016.1%
20252025-12-31USD 3,843,403,0006.6%
Western Midstream Partners sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-302.7%
Q32025-09-301.1%
Q42025-12-318.3%
Q12026-03-318.9%
Western Midstream Partners annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 3.0037.7%
20232023-12-31USD 2.60-13.5%
20242024-12-31USD 4.0254.7%
20252025-12-31USD 2.98-25.9%
Western Midstream Partners sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3010.1%
Q32025-09-30N/A
Q42025-12-31-46.0%
Q12026-03-3185.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$1.12B

+22.5%

Gross Profit

$859.34M

+21.9%

Gross Margin

76.48%

N/A

Market Cap

$19.55BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$11.47M

N/A

Employees

1,704

N/A

Net Income

$342.39M

+10.8%

EBITDA

$449.57M

-23.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$647.50M

+44.4%

Total Debt

$8.71B

+18.7%

Accounts Receivable

$848.59M

+22.2%

Inventory

$14.80M

+30.8%

Long Term Debt

$8.19B

+18.3%

Short Term Debt

$513.28M

+25.2%

Return on Assets

8.06%

N/A

Return on Invested Capital

12.11%

N/A

Free Cash Flow

$244.07M

-33.9%

Operating Cash Flow

$479.79M

-6.2%

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Questions About WES

What is the current price of Western Midstream Partners?

Western Midstream Partners is trading at $45.97 per share.

What is the 52-week range for Western Midstream Partners?

Over the past 52 weeks, Western Midstream Partners has traded between $36.90 and $48.01.

How much debt does Western Midstream Partners have?

As of the most recent reporting period, Western Midstream Partners reported total debt of $8.71B.

How much cash does Western Midstream Partners have on hand?

Western Midstream Partners reported $647.50M in cash and cash equivalents in its most recent financial results.

What is Western Midstream Partners’s dividend yield?

Western Midstream Partners currently has a dividend yield of 7.94%.

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