Western Midstream Partners, LP
WES
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Western Midstream Partners operates in a stable industry with consistent demand for oil and gas transportation, positioning it well against competitors in the midstream sector.
- Revenue increased by 9% compared to the previous quarter, reaching $1.2 billion.
- Gross margin improved to 73.6%, up from 73% in the prior quarter.
- The company's high debt-to-equity ratio of 207.38 raises concerns about financial stability and risk in a volatile market.
- Operating margin decreased to 41.67% in the latest quarter from 41.06% in the previous quarter.
- The stock's current recommendation is 'buy', but the score indicates a neutral trend with a score of -1.00, suggesting caution.
Fundamentals
| Market cap | $18.93B | Enterprise value | $28.10B | Trailing P/E | 14.50 | Forward P/E | 11.97 |
| PEG | — | Price / book | 5.37 | Beta | 0.71 | Dividend yield | 8.12% |
| Revenue growth | 30.0% | Earnings growth | 13.8% | Gross margin | 68.7% | Operating margin | 41.7% |
| Profit margin | 29.0% | ROE | 34.1% | ROA | 7.5% | Debt / equity | 2.07 |
| Current ratio | 0.91 | Free cash flow | $866.98M | Analyst recommendation | buy | Mean target | $49.69 |
| 52w high | $50.07 | 52w low | $36.90 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.0B | $952M | $942M |
| Op margin | 41.7% | 41.1% | 28.1% | 46.1% | 44.5% |
| Net income | $404M | $350M | $191M | $340M | $342M |
| Gross margin | 73.6% | 73.0% | 73.9% | 76.7% | 77.2% |
| Gross profit | $901M | $820M | $762M | $731M | $728M |
| Operating income | $510M | $461M | $290M | $439M | $419M |
- Revenue +9% vs prior quarter ($1.2B vs $1.1B).
- Gross margin 73.6% (was 73% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.6B | $3.1B | $3.3B | — |
| Op margin | 40.1% | 43.5% | 41.5% | 40.6% | — |
| Net income | $1.2B | $1.6B | $1.0B | $1.2B | — |
| Gross margin | 76.1% | 77.2% | 75.4% | 69.1% | — |
| Gross profit | $2.9B | $2.8B | $2.3B | $2.2B | — |
| Operating income | $1.5B | $1.6B | $1.3B | $1.3B | — |
Headlines — watch
• [WARN · legal] Oil Prices Will Collapse: 5 High-Yield Energy MLPs Will Do Just Fine (One Yields 8%)
News
2026-10-09 · Here's What $1,000 in These 6 Energy Dividend Stocks Could Pay You in a Year
2026-10-08 · Zacks Industry Outlook Western Midstream, Global Partners and NGL Energy Partners
2026-10-07 · Hess Midstream Stock Plunges, but the Chevron Deal Has a Silver Lining
2026-10-07 · Refining & Marketing MLP Industry Shines: 3 Stocks to Watch
2026-10-01 · Western Midstream's Q3 Call Expected to Focus on Brazos Growth Outlook, UBS Says
2026-10-01 · Down 9.4% in 4 Weeks, Here's Why Western Midstream (WES) Looks Ripe for a Turnaround
2026-10-01 · 5 High-Yield Dividend Stocks That Pass the Coverage Test (Not Just the Yield Test)
2026-09-30 · Western Midstream (WES) Sees a More Significant Dip Than Broader Market: Some Facts to Know
2026-09-29 · Oil Prices Will Collapse: 5 High-Yield Energy MLPs Will Do Just Fine (One Yields 8%)
2026-09-28 · Is Targa Resources Stock a Smart Hold in Today's Market?
2026-09-22 · HESM Q2 Beat Masks Lower Volumes as Second-Half Costs Move Higher
2026-09-22 · Is HESM Worth Buying as Free Cash Flow Rises but Volume Growth Slows?
Price (daily)
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