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    Western Midstream Partners LP (WES)

    Official site

    ENERGY • OIL & GAS MIDSTREAM • NYSE

    $44.85
    -0.47 (-1.04%)

    Market Cap: $18.73B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    54%(21/39)
    Avg Surprise
    -1.11%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.91
    Range$0.84 - $0.99
    4 analysts
    EPS RevisionsNo revisions (7d)
    3
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.00n/a
    60d ago$0.84+8.3%
    30d ago$0.91-0.0%
    7d ago$0.89+2.0%
    Current$0.91
    Revenue Consensus
    $1.2B
    Range$1.2B - $1.3B
    6 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.09
    Range$0.95 - $1.26
    4 analysts
    Revenue Consensus
    $1.4B
    Range$1.0B - $1.5B
    8 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.09---
    Sep 26EST
    		-$0.91---
    Jun 26
    Reported Aug 5
    		$0.99$0.90+10.00%Beat+12.5%
    Mar 26
    Reported May 6
    		$0.87$0.78+11.54%Beat+6.1%
    Dec 25
    Reported Feb 18
    		$0.47$0.91-48.35%Miss-46.5%
    Sep 25
    Reported Nov 4
    		$0.90$0.90+0.00%Beat+20.0%
    Jun 25
    Reported Aug 6
    		$0.88$0.84+4.76%Beat+10.0%
    Mar 25
    Reported May 7
    		$0.82$0.82+0.00%Beat-2.4%
    Dec 24
    Reported Feb 26
    		$0.88$0.88-0.01%Miss+15.6%
    Sep 24
    Reported Nov 6
    		$0.75$0.85-11.76%Miss+8.7%
    Jun 24
    Reported Aug 7
    		$0.80$0.86-6.98%Miss+25.0%
    Mar 24
    Reported May 8
    		$0.84$0.81+3.70%Beat+61.5%
    Dec 23
    Reported Feb 21
    		$0.76$0.80-5.00%Miss-10.6%
    Sep 23
    Reported Nov 1
    		$0.69$0.65+6.15%Beat+3.0%
    Jun 23
    Reported Aug 8
    		$0.64$0.67-4.48%Miss-13.5%
    Mar 23
    Reported May 3
    		$0.52$0.65-20.00%Miss-30.7%
    Dec 22
    Reported Feb 22
    		$0.85$0.72+18.06%Beat+46.6%
    Sep 22
    Reported Nov 2
    		$0.67$0.74-9.46%Miss-1.5%
    Jun 22
    Reported Aug 3
    		$0.74$0.77-3.90%Miss+37.0%
    Mar 22
    Reported May 10
    		$0.75$0.61+22.95%Beat+56.3%
    Dec 21
    Reported Feb 23
    		$0.58$0.65-10.77%Miss-6.5%
    Sep 21
    Reported Nov 9
    		$0.68$0.63+7.94%Beat+19.3%
    Jun 21
    Reported Aug 9
    		$0.54$0.59-8.47%Miss-11.5%
    Mar 21
    Reported May 10
    		$0.48$0.53-9.43%Miss-36.8%
    Dec 20
    Reported Feb 23
    		$0.62$0.58+6.90%Beat+0.0%
    Sep 20
    Reported Nov 9
    		$0.57$0.52+9.62%Beat+111.1%
    Jun 20
    Reported Aug 10
    		$0.61$0.51+19.61%Beat+64.9%
    Mar 20
    Reported May 5
    		$0.76$0.51+49.02%Beat+153.3%
    Dec 19
    Reported Feb 27
    		$0.62$0.46+34.78%Beat+44.2%
    Sep 19
    Reported Nov 4
    		$0.27$0.46-41.30%Miss-44.9%
    Jun 19
    Reported Jul 30
    		$0.37$0.50-26.00%Miss+19.4%
    Mar 19
    Reported Apr 30
    		$0.30$0.49-38.78%Miss-34.8%
    Dec 18
    Reported Feb 14
    		$0.43$0.60-28.33%Miss-4.4%
    Sep 18
    Reported Oct 30
    		$0.49$0.49+0.00%Beat+11.4%
    Jun 18
    Reported Jul 31
    		$0.31$0.40-22.50%Miss-35.4%
    Mar 18
    Reported May 1
    		$0.46$0.42+9.52%Beat+31.4%
    Dec 17
    Reported Feb 15
    		$0.45$0.40+12.50%Beat+9.8%
    Sep 17
    Reported Oct 31
    		$0.44$0.39+12.82%Beat-
    Jun 17
    Reported Jul 25
    		$0.48$0.41+17.07%Beat-
    Mar 17
    Reported May 2
    		$0.35$0.43-18.60%Miss-
    Dec 16
    Reported Feb 22
    		$0.41$0.36+13.89%Beat-

    Dividends

    Dividend Metrics

    Forward Yield8.29%
    Forward Annual Dividend$3.72
    Payout Ratio27.61%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+25.43%
    5Y CAGR+18.31%
    WES dividend history and ex-dividend datesRun WES in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio13.89EV/EBITDA7.34x
    Price/FCF22.81xFCF Yield4.38%
    Profitability
    Profit Margin29.00%Operating Margin41.70%
    ROE34.10%ROIC13.03%
    Financial Health
    Debt/Equity2.13xInterest Coverage4.18x
    Current Ratio0.91xQuick Ratio0.91x
    Trading Statistics
    Beta0.71Avg Volume930.59K
    52-Week High$50.0752-Week Low$34.24

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$45.34
    SMA 20$45.58
    SMA 50$47.21
    SMA 200$42.79
    EMA 10$45.38
    EMA 20$45.79
    EMA 50$46.23
    EMA 200$43.20

    MACD

    Line: -0.55Signal: -0.58Hist: 0.04

    ADX

    ADX: 24.7+DI: 11.4-DI: 20.6

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down64.0
    PSAR$44.49

    Bollinger Bands

    Upper Band$47.16
    Lower Band$44.00
    %B Position694%(Upper)
    Band Width0.27

    RSI (14-Day)

    Neutral
    38.8

    Momentum Oscillators

    Stoch %K48.3
    Stoch %D51.9
    Williams %R-62.8
    ROC (10d)1.1%
    Momentum0.48
    CCI (20d)-64.8
    MFI (14d)17.0

    Volatility Measures

    ATR (14d)$0.94(2.1%)
    StdDev (20d)0.79
    Hist Vol15.0%(Low)

    Volume Flow

    VWAP$45.05
    OBV28.9M
    AD Line-2.9B
    CMF (20d)-0.158

    Volume Metrics

    Avg Vol (20d)948.8K
    Vol Ratio1.5x(High)
    VWMA (20d)$45.51

    Pivot Points

    R3$46.34
    R2$46.00
    R1$45.66
    Pivot Point$45.32
    S1$44.98
    S2$44.64
    S3$44.30

    Advanced Oscillators

    TSI-18.28
    Ultimate Osc36.3
    KST-55.59

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$1.22B$1.12B$1.03B$952.48M$942.32M$917.12M$928.50M$883.36M$905.63M$887.73M$858.21M$776.01M
    Cost of Revenue$117.44M$102.88M$71.62M$51.19M$42.68M$41.49M$39.31M$32.85M$54.01M$46.08M$40.80M$27.59M
    Gross Profit$1.11B$1.02B$959.86M$901.30M$899.64M$875.62M$889.19M$850.51M$851.62M$841.65M$817.40M$748.42M
    Operating Expenses$602.11M$566.28M$675.68M$476.58M$482.29M$486.26M$491.60M$478.63M$409.30M$195.09M$461.61M$423.15M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$371.28M$339.39M$454.24M$276.50M$290.77M$293.30M$307.27M$295.79M$286.25M$262.78M$273.49M$259.48M
    Operating Income$526.70M$469.19M$305.56M$441.56M$444.48M$409.80M$425.74M$395.87M$469.75M$679.37M$473.26M$360.76M
    Interest Income$21.54M$14.78M$21.38M$16.85M$27.13M$20.43M$28.16M$23.98M$27.43M$32.82M$36.12M$35.49M
    Interest Expense$109.13M$113.39M$105.67M$92.35M$95.17M$97.29M$99.34M$94.15M$85.64M$93.98M$183.80M$74.19M
    Income Before Tax$420.40M$362.53M$203.59M$350.96M$353.00M$319.99M$342.02M$311.28M$388.32M$587.74M$297.16M$285.30M
    Income Tax Expense$5.15M$3.50M$7.32M$2.09M$2.24M$3.44M$444,000$15.39M$755,000$1.52M$1.41M$905,000
    Net Income$415.25M$359.03M$196.27M$348.87M$350.76M$316.55M$341.58M$295.89M$387.56M$586.22M$295.75M$284.40M
    EBITDA$1.14B$677.23M$1.22B$615.53M$622.32M$589.94M$767.34M$1.06B$639.87M$841.90M$292.01M$942.34M
    EBIT$529.54M$475.92M$309.27M$443.31M$448.17M$417.28M$441.36M$405.43M$473.96M$681.72M$562.31M$359.49M
    * Some calculated fields are derived from available data when not provided by source

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    News

    IO#12 Iodine Plant

    Iofina plc has announced the commissioning of its IO#12 IOsorb® plant in the Permian Basin, which is its largest capacity plant to date and the first commercial-scale iodine production facility in the region. The plant...

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    (WES) Movement Within Algorithmic Entry Frameworks

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    WES Valuation and Fair Value

    P/E
    13.9x
    Forward P/E
    11.3x
    EV/EBITDA
    7.3x
    P/FCF
    22.8x
    PEG
    5.5x
    P/B
    4.2x
    See GNG's fair value

    WES Profitability: Margins, ROIC and FCF

    Gross margin
    92.1%
    Operating margin
    41.7%
    Net margin
    29.0%
    ROIC
    13.0%
    ROE
    34.1%
    FCF margin
    18.1%
    FCF yield
    4.4%

    WES Competitors

    CompanyTicker
    Permian Resources CorporationPR
    Ovintiv IncOVV
    YPF Sociedad AnonimaYPF
    Plains All American Pipeline LPPAA
    Expand Energy CorporationEXE
    APA CorporationAPA
    HF Sinclair CorpDINO
    Viper Energy UtVNOM

    Sector: Energy

    WES Analyst Ratings

    Consensus
    Hold
    Analysts
    14
    Strong Buy
    0
    Buy
    4
    Hold
    9
    Sell
    0
    Strong Sell
    1

    WES Bull Case vs Bear Case

    Bull case

    • WES converts 18.1% of revenue into free cash flow.
    • WES has a 29.0% net profit margin.
    • WES grew quarterly revenue 30.0% year over year.

    Bear case

    • WES beat EPS estimates in 37.5% of its last 8 reported quarters.
    • WES has a debt-to-equity ratio of 2.1x.

    WES Earnings: Beat Rate and Next Report

    Beat rate
    3 of 8 quarters (37.5%)
    Average surprise
    -4.2%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.91
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    3 up, 0 down

    WES Dividend

    Forward yield
    8.3%
    Payout ratio
    27.6%
    3Y DPS growth
    25.4%
    5Y DPS growth
    18.3%
    Pay months
    Feb, May, Aug, Nov
    WES dividend history

    Frequently Asked Questions About WES

    What is WES's current dividend yield?

    Western Midstream Partners LP (WES) has a forward dividend yield of 8.29%.

    Does WES pay dividends?

    Yes, Western Midstream Partners LP pays dividends with a forward dividend yield of 8.29%.

    What is WES's P/E ratio?

    Western Midstream Partners LP has a price-to-earnings (P/E) ratio of 13.89.

    What is WES's market cap?

    Western Midstream Partners LP (WES) has a market capitalization of $18.73B with a current stock price of $44.85.

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