WES — Western Midstream Partners, LP

NYSE · Utilities · Gas Utilities · CIK 1423902 ·
Last close
$43.50
Market Cap
$17.13B
52W High
$48.01
52W Low
$39.05
ADV30
1,474,653
Next earnings
2026-08-05
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 natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 1,123,579,000 820,269,000 461,392,000 350,276,000 14,924,502,000 647,495,000 11,417,512,000
Dec 2025 1,031,481,000 761,981,000 289,756,000 190,681,000 14,998,420,000 819,491,000 10,835,298,000
Sep 2025 952,484,000 730,974,000 438,745,000 339,615,000 12,125,352,000 177,288,000 8,796,716,000
Jun 2025 942,322,000 727,528,000 418,948,000 341,680,000 12,159,529,000 129,732,000 8,826,092,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$2,222,625,000
Investing CF
$-1,085,206,000
Financing CF
$-1,408,392,000
CapEx
$-727,991,000
Dividends Paid
$-1,431,024,000
Buybacks
$0
EPS Diluted TTM
$3.00
As of
2026-05-10

Balance + Analyst (yfinance extras)

Retained Earnings
Inventory
$12,836,000
Receivables
$788,803,000
ST Investments
EBIT TTM
$1,607,030,000
Pretax Income TTM
$1,227,541,000
Interest Exp TTM
$379,489,000
Analysts
12

Yahoo Snapshot (yfinance, live)

Total Revenue
$4,049,865,984
EBITDA
$2,371,609,088
Free Cash Flow
$887,183,232
Enterprise Value
$25,673,558,016
Total Cash
$647,494,976
Total Debt
$8,707,448,832
Shares Out
393,781,339
Trailing EPS
$3.04
Book Value
$9.84
ROE
36.7%
ROA
7.3%
Div Yield
8.39%

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 3,843,403,000 1,541,487,000 1,180,983,000 14,998,420,000 10,835,298,000 2,222,625,000
Dec 2024 3,605,223,000 1,567,782,000 1,573,571,000 13,144,785,000 9,769,615,000 2,136,860,000
Dec 2023 3,106,476,000 1,289,590,000 1,022,216,000 12,471,607,000 9,442,477,000 1,661,334,000
Dec 2022 3,251,721,000 1,321,314,000 1,217,103,000 11,271,628,000 8,163,513,000 1,694,133,000

TTM Snapshot

Revenues TTM
$3,260,783,000
NetIncome TTM
$1,087,246,000
OpCashFlow TTM
$0
Assets (Latest)
$13,144,785,000
Forward EPS
$3.78

Max Pain — expiry 2026-08-21 (volume-derived — Yahoo OI feed degraded)

max pain strike: $33.00 · spot: $43.50 · call volume: 691 · put volume: 134
Expected Move to 2026-08-21: ±$3.80 (8.74%) — implied range $39.70$47.30 · ATM straddle on $43.00 strike

Peers — same industry

TickerNameMarket CapLastDaily %
DTM DT Midstream, Inc. $14.34B $140.61
TNCAF TC ENERGY CORP $13.25B $14.50
TCANF TC ENERGY CORP $12.70B $13.90
AM Antero Midstream Corp $10.10B $21.26
KGS Kodiak Gas Services, Inc. $6.77B $67.08

News headlines (Yahoo Finance, 1h cache)

Why Is Western Midstream (WES) Up 4.1% Since Last Earnings Report?
2026-06-05 15:30 · Yahoo
Assessing Western Midstream Partners (WES) Valuation After Strong Q1 Earnings And Acquisition Contributions
2026-05-21 13:14 · Yahoo
A $475,000 Portfolio That Quietly Pays $2,800 a Month From Just Two Sectors Most Investors Ignore
2026-05-20 12:42 · Yahoo
Wells Fargo Sees Higher EBITDA Potential for Western Midstream Partners (WES)
2026-05-16 10:21 · Yahoo
Western Midstream Q1 Earnings Beat on Higher Throughput Volume
2026-05-13 13:29 · Yahoo
Western Midstream Announces First-Quarter Post-Earnings Interview with CEO, Oscar Brown and VP, Jon Greenberg
2026-05-11 11:00 · Yahoo
Is Western Midstream Partners (WES) Offering Value After Strong Multi‑Year Price Gains?
2026-05-08 00:26 · Yahoo
Western Midstream to acquire Brazos Delaware II in $1.6bn deal
2026-05-07 13:40 · Yahoo
Western Midstream Partners, LP Q1 2026 Earnings Call Summary
2026-05-07 12:30 · Yahoo
Western Midstream (WES) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
2026-05-07 01:00 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.