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Western Midstream Partners, LP (WES)

46.39 +0.57 (+1.24%)
At close: 4:00:03 PM EDT
46.50 +0.11 (+0.24%)
After hours: 4:09:53 PM EDT
Trade WES on Coinbase
Dividend
WES announced a cash dividend of $0.93 with an ex-date of Nov. 2, 2026
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What's happening with WES?

15m ago
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Western Midstream is approaching its November 4, 2026 earnings reportwith analysts expecting higher revenue and earnings. The partnership also declared a $0.93-per-unit quarterly distribution, while recent coverage highlights fee-based cash flows, produced-water growth, and elevated capital spending. WES is up 1.24% in the current regular sessionas of October 30, 2026.

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  • Previous Close 45.82
  • Open 46.00
  • Bid 46.35 x 20000
  • Ask 46.25 x 10000
  • Day's Range 45.75 - 46.47
  • 52 Week Range 36.90 - 50.07
  • Volume 1,949,301
  • Avg. Volume 960,857
  • Market Cap (intraday) 19.167B
  • Beta (5Y Monthly) 0.71
  • PE Ratio (TTM) 14.68
  • EPS (TTM) 3.16
  • Earnings Date Nov 4, 2026
  • Forward Dividend & Yield 3.72 (8.12%)
  • 1y Target Est 49.54
  • Zacks Rating Bullish

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.

www.westernmidstream.com

1,704

Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

WES
25.15%
S&P 500 (^GSPC)
10.73%

1-Year Return

WES
31.58%
S&P 500 (^GSPC)
11.11%

3-Year Return

WES
122.70%
S&P 500 (^GSPC)
81.91%

5-Year Return

WES
227.99%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 1.22B
Earnings 394.88M
Profit Margin 32.24%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
200M
400M
600M
800M
1B
1B
20.0%
25.0%
30.0%

Analyst Insights

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Analyst Price Targets

41.00 Low
49.54 Average
46.39 Current
59.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/21/2026
Analyst Morgan Stanley
Rating Action Maintains
Rating Equal-Weight
Price Action Lowers
Price Target 55 -> 52

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    29.00%

  • Return on Assets (ttm)

    7.49%

  • Return on Equity (ttm)

    34.11%

  • Revenue (ttm)

    4.33B

  • Net Income Avi to Common (ttm)

    1.26B

  • Diluted EPS (ttm)

    3.16

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    104.77M

  • Total Debt/Equity (mrq)

    207.38%

  • Levered Free Cash Flow (ttm)

    866.98M

Company Insights

Research Reports

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