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WES Stock Chart & Stats
$47.47
-$0.60(-1.26%)
At close: 4:00 PM EDT
$47.47
-$0.60(-1.26%)
Day’s Range― - ―
52-Week Range$36.90 - $48.84
Previous CloseN/A
Volume524.07K
Average Volume (3M)853.68K
Market Cap
$19.90B
Enterprise Value$26.65K
Total Cash (Recent Filing)$104.77M
Total Debt (Recent Filing)$9.13B
Price to Earnings (P/E)15.0
Beta0.24
Next Earnings
Nov 10, 2026EPS Estimate
0.89Next Dividend Ex-DateN/A
Dividend Yield7.62%
Share Statistics
EPS (TTM)3.21
Shares Outstanding413,174,600
10 Day Avg. Volume653,243
30 Day Avg. Volume853,679
Financial Highlights & Ratios
PEG Ratio-0.51
Price to Book (P/B)3.93
Price to Sales (P/S)4.12
P/FCF Ratio10.80
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$46.22Price Target Upside-2.63% Downside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)3.59
Revenue Forecast (FY)$4.33B
Bulls Say, Bears Say
Bulls Say
Robust Cash GenerationWES converts earnings into cash at a high rate (TTM OCF ~$2.63B; FCF ~$2.49B; FCF ≈70% of net income). Durable cash conversion supports distributions, funds capex and M&A, services debt, and provides a structural buffer versus cyclic upstream activity over the next 2–6 months.
Accretive Delaware Acquisition & Long Contract LifeThe $1.6B Brazos Delaware purchase is immediately accretive (~$100M EBITDA in 2026), expands processing capacity and dedicated acreage, and brings a weighted-average contract life near 9.2 years. That scale and long-dated contracts materially strengthen predictable fee revenue and cash flow durability.
Diversified Fee Services & Organic Growth PipelineWES is broadening revenue beyond gathering/processing into produced-water, reuse, and CO2/behind-the-meter power adjacencies, with Pathfinder and North Loving II projects coming. Rising produced-water volumes and new service lines create higher-margin, less commodity-sensitive cash flows over the medium term.
Bears Say
Elevated LeverageWES carries meaningful leverage (debt ~$9.1B vs equity ~$4.3B; net leverage ~3.1x). Elevated leverage reduces financial flexibility, raises refinancing and interest exposure, and limits the partnership’s capacity to absorb prolonged volume declines or fund large opportunistic growth without issuing capital.
Commodity-linked Margin VolatilityA portion of WES’s cash flow depends on skim oil/NGL and commodity-linked components that management says will moderate and vary monthly. These swings can materially affect DCF and distributions even when fee contracts exist, making cash flows less predictable across drilling cycles and commodity moves.
Regional Concentration & Takeaway Constraints (Waha)WES derives a large share of EBITDA from the Delaware Basin (management cites the region as the cornerstone). Local Waha pricing weakness and takeaway constraints have caused customer curtailments, concentrating volume and cashflow risk until pipeline/market capacity improvements fully resolve.
Western Midstream Partners News
WES FAQ
What was Western Midstream Partners, Lp’s price range in the past 12 months?
Western Midstream Partners, Lp lowest stock price was $36.90 and its highest was $48.84 in the past 12 months.
What is Western Midstream Partners, Lp’s market cap?
Western Midstream Partners, Lp’s market cap is $19.90B.
When is Western Midstream Partners, Lp’s upcoming earnings report date?
Western Midstream Partners, Lp’s upcoming earnings report date is Nov 10, 2026 which is in 88 days.
How were Western Midstream Partners, Lp’s earnings last quarter?
Western Midstream Partners, Lp released its earnings results on Aug 05, 2026. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.907 by $0.083.
Is Western Midstream Partners, Lp overvalued?
According to Wall Street analysts Western Midstream Partners, Lp’s price is currently Overvalued.
Does Western Midstream Partners, Lp pay dividends?
Western Midstream Partners, Lp pays a Quarterly dividend of $0.93 which represents an annual dividend yield of 7.62%. See more information on Western Midstream Partners, Lp dividends here
What is Western Midstream Partners, Lp’s EPS estimate?
Western Midstream Partners, Lp’s EPS estimate is 0.89.
How many shares outstanding does Western Midstream Partners, Lp have?
Western Midstream Partners, Lp has 413,174,600 shares outstanding.
What happened to Western Midstream Partners, Lp’s price movement after its last earnings report?
Western Midstream Partners, Lp reported an EPS of $0.99 in its last earnings report, beating expectations of $0.907. Following the earnings report the stock price went up 1.755%.
Which hedge fund is a major shareholder of Western Midstream Partners, Lp?
Currently, no hedge funds are holding shares in WES
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Western Midstream Partners Stock Smart Score
Outperform
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10
Analyst Consensus
Hold
Average Price Target:
$46.22 (-2.63% Downside)
$46.22 (-2.63% Downside)
Blogger Sentiment
Bullish
WES Sentiment 95%
Sector Average 56%
Sector Average 56%
Hedge Fund Trend
Decreased
By 2.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $249.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 2.6%
Last 30 Days ▼ 2.6%
News Sentiment
Very Bullish
Bullish news 86%
Bearish news 14%
Bearish news 14%
Technicals
SMA
Positive
20 days / 200 days
Momentum
27.82%
12-Months-Change
Fundamentals
Return on Equity
7.62%
Trailing 12-Months
Asset Growth
34.20%
Trailing 12-Months
Company Description
Western Midstream Partners, Lp
Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil, alongside the collection and disposal of water generated during production. Additionally, it engages in the buying and selling of natural gas, NGLs, and condensate. Western Midstream maintains operations in significant regions such as Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania. Western Midstream Holdings, LLC functions as its general partner. Formed in 2007, the company is headquartered in The Woodlands, Texas, and rebranded from Western Gas Equity Partners, LP to its current name in February 2019.
WES Company Deck
WES Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call was predominantly positive: management reported record adjusted EBITDA, record throughput in key product lines, solid distributable cash flow and declared an accretive $1.6 billion Brazos Delaware acquisition that meaningfully expands Delaware Basin scale and processing capacity. Strong liquidity, disciplined leverage (pro forma ~3x) and ongoing cost reductions underpin confidence in achieving guidance toward the high end. Near-term headwinds include Waha price-driven curtailments, localized basin declines (Powder River), a QoQ operating cash flow decline tied to a contract renegotiation with Occidental and some supply-chain/turnaround timing risks. Overall, the positives (record results, accretive M&A, strong balance sheet, updated guidance) outweigh the localized operational and commodity-linked challenges.View all WES earnings summariesWES Stock 12 Month Forecast
Average Price Target
$46.22
▼(-2.63% Downside)
Technical Analysis
Plains All American
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Plains GP Holdings
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Antero Midstream
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Hess Midstream Partners
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DT Midstream
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Ownership Overview
36.59% Insiders
10.19% Mutual Funds
14.33% Other Institutional Investors
26.49% Public Companies and
Individual Investors