(WES) Western Midstream Partners - Ratings and Ratios
Natural Gas, Crude Oil, Condensate, NGLs
WES EPS (Earnings per Share)
WES Revenue
Description: WES Western Midstream Partners July 20, 2025
Western Midstream Partners LP (NYSE:WES) is a midstream energy company operating primarily in the United States, providing services such as natural gas gathering, compression, treatment, processing, and transportation, as well as handling condensate, NGLs, and crude oil. The companys assets are strategically located in Texas, New Mexico, and the Rocky Mountains, positioning it for potential growth in these key energy-producing regions.
From a financial perspective, WES has demonstrated strong performance, with a Return on Equity (RoE) of 40.05%, indicating effective management of shareholder capital. The companys Price-to-Earnings (P/E) ratio of 12.15 and Forward P/E of 11.53 suggest a relatively stable valuation compared to its earnings. With a Market Capitalization of $15.478 billion, WES is considered a mid-to-large-cap stock in the Oil & Gas Storage & Transportation sub-industry.
Additional key performance indicators (KPIs) worth considering for WES include its Debt-to-Equity ratio, Interest Coverage ratio, and the percentage of revenue generated from long-term contracts or firm commitments. These metrics can provide further insights into the companys financial health, leverage, and cash flow stability. Furthermore, the companys distribution yield and payout ratio are also relevant, given its status as a Master Limited Partnership (MLP), which is often characterized by its distribution payments to unitholders.
To evaluate WESs operational performance, one could examine its throughput volumes, particularly for natural gas and liquids, as well as its processing and transportation capacities. The companys ability to expand its asset base through accretive acquisitions or organic growth projects is also crucial, as it can impact future cash flows and distributions. Moreover, WESs hedging strategies and exposure to commodity price fluctuations are essential factors in assessing its overall risk profile.
WES Stock Overview
| Market Cap in USD | 14,918m |
| Sub-Industry | Oil & Gas Storage & Transportation |
| IPO / Inception | 2008-05-09 |
WES Stock Ratings
| Growth Rating | 75.7% |
| Fundamental | 77.1% |
| Dividend Rating | 97.6% |
| Return 12m vs S&P 500 | -8.03% |
| Analyst Rating | 3.15 of 5 |
WES Dividends
| Dividend Yield 12m | 9.31% |
| Yield on Cost 5y | 61.03% |
| Annual Growth 5y | 19.77% |
| Payout Consistency | 95.2% |
| Payout Ratio | 109.0% |
WES Growth Ratios
| Growth Correlation 3m | -33.7% |
| Growth Correlation 12m | 43% |
| Growth Correlation 5y | 98.2% |
| CAGR 5y | 20.31% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.22 |
| CAGR/Mean DD 3y (Pain Ratio) | 4.39 |
| Sharpe Ratio 12m | 1.65 |
| Alpha | -9.31 |
| Beta | 1.116 |
| Volatility | 24.09% |
| Current Volume | 1167.8k |
| Average Volume 20d | 2024.2k |
| Stop Loss | 37.1 (-3.2%) |
| Signal | -0.50 |
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (1.27b TTM) > 0 and > 6% of Revenue (6% = 220.3m TTM) |
| FCFTA 0.13 (>2.0%) and ΔFCFTA 3.78pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 5.73% (prev 12.67%; Δ -6.94pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.18 (>3.0%) and CFO 2.15b > Net Income 1.27b (YES >=105%, WARN >=100%) |
| Net Debt (6.87b) to EBITDA (2.18b) ratio: 3.15 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.30 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (382.3m) change vs 12m ago 0.02% (target <= -2.0% for YES) |
| Gross Margin 75.41% (prev 58.54%; Δ 16.87pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 30.17% (prev 28.14%; Δ 2.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.91 (EBITDA TTM 2.18b / Interest Expense TTM 385.9m) >= 6 (WARN >= 3) |
ValueRay F-Score (Strict, 0-100) 77.07
| 1. Piotroski 6.50pt = 1.50 |
| 2. FCF Yield 7.26% = 3.63 |
| 3. FCF Margin 43.10% = 7.50 |
| 4. Debt/Equity 2.19 = 0.48 |
| 5. Debt/Ebitda 3.15 = -1.96 |
| 6. ROIC - WACC (= 6.69)% = 8.36 |
| 7. RoE 39.60% = 2.50 |
| 8. Rev. Trend 81.37% = 6.10 |
| 9. EPS Trend -20.79% = -1.04 |
What is the price of WES shares?
Over the past week, the price has changed by +1.59%, over one month by -2.19%, over three months by -3.53% and over the past year by +8.84%.
Is Western Midstream Partners a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of WES is around 44.42 USD . This means that WES is currently undervalued and has a potential upside of +15.86% (Margin of Safety).
Is WES a buy, sell or hold?
- Strong Buy: 2
- Buy: 1
- Hold: 8
- Sell: 1
- Strong Sell: 1
What are the forecasts/targets for the WES price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 40.3 | 5.2% |
| Analysts Target Price | 40.3 | 5.2% |
| ValueRay Target Price | 49 | 27.8% |
WES Fundamental Data Overview October 20, 2025
P/E Trailing = 11.6123
P/E Forward = 10.2249
P/S = 4.0634
P/B = 4.6528
P/EG = 5.48
Beta = 1.116
Revenue TTM = 3.67b USD
EBIT TTM = 1.51b USD
EBITDA TTM = 2.18b USD
Long Term Debt = 6.91b USD (from longTermDebt, last quarter)
Short Term Debt = 74.6m USD (from shortTermDebt, last quarter)
Debt = 7.00b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.87b USD (from netDebt column, last quarter)
Enterprise Value = 21.79b USD (14.92b + Debt 7.00b - CCE 129.7m)
Interest Coverage Ratio = 3.91 (Ebit TTM 1.51b / Interest Expense TTM 385.9m)
FCF Yield = 7.26% (FCF TTM 1.58b / Enterprise Value 21.79b)
FCF Margin = 43.10% (FCF TTM 1.58b / Revenue TTM 3.67b)
Net Margin = 34.67% (Net Income TTM 1.27b / Revenue TTM 3.67b)
Gross Margin = 75.41% ((Revenue TTM 3.67b - Cost of Revenue TTM 902.8m) / Revenue TTM)
Gross Margin QoQ = 76.16% (prev 76.89%)
Tobins Q-Ratio = 1.79 (Enterprise Value 21.79b / Total Assets 12.16b)
Interest Expense / Debt = 1.36% (Interest Expense 95.2m / Debt 7.00b)
Taxrate = 0.63% (2.24m / 353.0m)
NOPAT = 1.50b (EBIT 1.51b * (1 - 0.63%))
Current Ratio = 1.30 (Total Current Assets 905.0m / Total Current Liabilities 694.8m)
Debt / Equity = 2.19 (Debt 7.00b / totalStockholderEquity, last quarter 3.19b)
Debt / EBITDA = 3.15 (Net Debt 6.87b / EBITDA 2.18b)
Debt / FCF = 4.34 (Net Debt 6.87b / FCF TTM 1.58b)
Total Stockholder Equity = 3.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.47% (Net Income 1.27b / Total Assets 12.16b)
RoE = 39.60% (Net Income TTM 1.27b / Total Stockholder Equity 3.21b)
RoCE = 14.92% (EBIT 1.51b / Capital Employed (Equity 3.21b + L.T.Debt 6.91b))
RoIC = 14.02% (NOPAT 1.50b / Invested Capital 10.70b)
WACC = 7.33% (E(14.92b)/V(21.92b) * Re(10.13%) + D(7.00b)/V(21.92b) * Rd(1.36%) * (1-Tc(0.01)))
Discount Rate = 10.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.16%
[DCF Debug] Terminal Value 70.36% ; FCFE base≈1.40b ; Y1≈1.35b ; Y5≈1.33b
Fair Price DCF = 42.70 (DCF Value 16.88b / Shares Outstanding 395.3m; 5y FCF grow -4.81% → 3.0% )
EPS Correlation: -20.79 | EPS CAGR: -59.36% | SUE: -3.64 | # QB: 0
Revenue Correlation: 81.37 | Revenue CAGR: 4.38% | SUE: -0.09 | # QB: 0
Additional Sources for WES Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle