Western Midstream Partners, Lp (WES)
NYSE:WES
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WES Stock Chart & Stats
$40.54
$0.56(1.42%)
At close: 4:00 PM EST
$40.54
$0.56(1.42%)
Day’s Range― - ―
52-Week Range$36.90 - $48.01
Previous CloseN/A
Volume172.03K
Average Volume (3M)1.56M
Market Cap
$17.42B
Enterprise Value$24.94B
Total Cash (Recent Filing)$647.50M
Total Debt (Recent Filing)$8.71B
Price to Earnings (P/E)14.7
Beta0.28
Next Earnings
Aug 12, 2026EPS Estimate
0.86Next Dividend Ex-DateN/A
Dividend Yield9.13%
Share Statistics
EPS (TTM)3.10
Shares Outstanding393,781,340
10 Day Avg. Volume903,745
30 Day Avg. Volume1,556,483
Financial Highlights & Ratios
PEG Ratio-0.53
Price to Book (P/B)3.93
Price to Sales (P/S)4.12
P/FCF Ratio10.80
Enterprise Value/Market Cap1.43
Enterprise Value/Revenue6.16
Enterprise Value/Gross Profit8.95
Enterprise Value/Ebitda10.48
Forecast
1Y Price Target
$43.88Price Target Upside8.23% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)3.41
Revenue Forecast (FY)$4.33B
Bulls Say, Bears Say
Bulls Say
High Margins & Cash GenerationSustained high gross and EBITDA margins alongside operating cash flow materially above net income indicate durable cash conversion. This supports recurring distributions, funds organic projects and M&A, and provides a buffer versus cyclical volume swings for 2–6+ months of operational resilience.
Accretive Delaware-scale AcquisitionThe Brazos Delaware acquisition expands dedicated acreage, processing capacity and long-weighted contract life, strengthening fee-bearing, contract-backed cash flows. The deal is accretive near-term and increases integrated scale and spare capacity, enhancing structural growth and margin stability.
Strong Liquidity & Active DeleveragingHigh liquidity and recent note retirements provide financial flexibility to fund capex, M&A and distributions while reducing near-term refinancing risk. Pro‑forma leverage near 3x signals disciplined financing that supports strategic investments and steadier cash returns over the medium term.
Bears Say
Structurally Elevated LeverageHistorically high leverage increases sensitivity to interest-rate and refinancing cycles and reduces flexibility during downside volume scenarios. Even with pro‑forma improvements, elevated debt burdens can constrain capital allocation choices and raise risk if commodity‑linked cash flows weaken.
Commodity & Basis-driven Margin VolatilityRegional basis dislocations and commodity price swings can force producer curtailments and depress skim value, causing variable throughput and earnings. For a fee-and-skim midstream model, this creates recurring downside risk to volumes and margins that can last across quarters until takeaway constraints resolve.
Pressure On Free Cash Flow And Contract HeadwindsA recent decline in FCF growth and a material QoQ cash flow reduction tied to contract renegotiation highlight structural risks to distributable cash generation. If contract economics or equity-investment throughput remain depressed, sustained FCF weakness could limit reinvestment and distribution optionality.
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 $48.01 in the past 12 months.
What is Western Midstream Partners, Lp’s market cap?
Western Midstream Partners, Lp’s market cap is $17.42B.
When is Western Midstream Partners, Lp’s upcoming earnings report date?
Western Midstream Partners, Lp’s upcoming earnings report date is Aug 12, 2026 which is in 62 days.
How were Western Midstream Partners, Lp’s earnings last quarter?
Western Midstream Partners, Lp released its earnings results on May 06, 2026. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.742 by $0.108.
Is Western Midstream Partners, Lp overvalued?
According to Wall Street analysts Western Midstream Partners, Lp’s price is currently Undervalued.
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 9.13%. 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 0.86.
How many shares outstanding does Western Midstream Partners, Lp have?
Western Midstream Partners, Lp has 393,781,340 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 $0.85 in its last earnings report, beating expectations of $0.742. Following the earnings report the stock price went up 4.97%.
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
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$43.88 (8.23% Upside)
$43.88 (8.23% Upside)
Blogger Sentiment
Bullish
WES Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 2.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $50.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
27.51%
12-Months-Change
Fundamentals
Return on Equity
34.98%
Trailing 12-Months
Asset Growth
19.81%
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
Q1 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
$43.88
▲(8.23% Upside)
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
38.39% Insiders
10.63% Mutual Funds
23.35% Other Institutional Investors
14.14% Public Companies and Individual Investors