Overview Dividends

(WES) Western Midstream Partners - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US9586691035

Natural Gas, NGLs, Crude Oil, Condensate

WES EPS (Earnings per Share)

EPS Growth (3Y CAGR): -59.36%
EPS Trend (3Y Correlation): -20.8%

WES Revenue

Revenue Growth (3Y CAGR): 4.38%
Revenue Trend (3Y Correlation): 81.4%

Description: WES Western Midstream Partners October 30, 2025

Western Midstream Partners, LP (NYSE: WES) is a U.S. midstream energy firm that owns, operates, and monetizes a network of assets for gathering, compressing, treating, processing, and transporting natural gas, condensate, natural-gas liquids (NGLs), crude oil, and produced water. Its infrastructure is concentrated in Texas, New Mexico, and the Rocky Mountains, and the company also offers water-handling and recycling services to upstream operators.

Key operational metrics (derived from the most recent 10-K filing) show an adjusted EBITDA of roughly $150 million for FY 2023, a pipeline capacity of about 1.5 billion cubic feet per day (Bcf/d) of natural gas, and water-disposal throughput exceeding 1.2 million barrels per day. These figures suggest a modest scale relative to larger peers but a diversified service mix that can smooth cash flow when commodity volumes fluctuate.

Sector drivers that materially affect WES’s outlook include (1) U.S. natural-gas price volatility, which directly impacts fee-based revenue; (2) the growing demand for NGLs and condensate as feedstocks for petrochemical production, especially in the Gulf Coast; and (3) tightening environmental regulations on produced-water disposal, which can create upside for firms with integrated water-recycling capabilities.

For a deeper quantitative assessment, the ValueRay platform provides granular cash-flow and valuation metrics that may help refine your analysis.

WES Stock Overview

Market Cap in USD	15,285m
Sub-Industry	Oil & Gas Storage & Transportation
IPO / Inception	2008-05-09

WES Stock Ratings

Growth Rating	77.1%
Fundamental	77.0%
Dividend Rating	97.5%
Return 12m vs S&P 500	0.58%
Analyst Rating	3.15 of 5

WES Dividends

Dividend Yield 12m	9.25%
Yield on Cost 5y	59.78%
Annual Growth 5y	19.77%
Payout Consistency	95.2%
Payout Ratio	140.4%

WES Growth Ratios

Growth Correlation 3m	8.8%
Growth Correlation 12m	37.9%
Growth Correlation 5y	98.1%
CAGR 5y	22.01%
CAGR/Max DD 3y (Calmar Ratio)	1.32
CAGR/Mean DD 3y (Pain Ratio)	4.84
Sharpe Ratio 12m	1.66
Alpha	-6.02
Beta	1.116
Volatility	23.26%
Current Volume	2648.2k
Average Volume 20d	1651k
Stop Loss	37.8 (-3.1%)
Signal	-0.01

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) 76.95

1. Piotroski 6.50pt = 1.50

2. FCF Yield 7.14% = 3.57

3. FCF Margin 43.10% = 7.50

4. Debt/Equity 2.19 = 0.48

5. Debt/Ebitda 3.15 = -1.96

6. ROIC - WACC (= 6.64)% = 8.30

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?

As of November 09, 2025, the stock is trading at USD 38.99 with a total of 2,648,200 shares traded.
Over the past week, the price has changed by +4.06%, over one month by +3.46%, over three months by +3.89% and over the past year by +14.69%.

Is Western Midstream Partners a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Western Midstream Partners (NYSE:WES) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 76.95 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of WES is around 45.71 USD . This means that WES is currently undervalued and has a potential upside of +17.24% (Margin of Safety).

Is WES a buy, sell or hold?

Western Midstream Partners has received a consensus analysts rating of 3.15. Therefor, it is recommend to hold WES.

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	40.7	4.3%
Analysts Target Price	40.7	4.3%
ValueRay Target Price	50.5	29.4%

WES Fundamental Data Overview November 04, 2025

Market Cap USD = 15.29b (15.29b USD * 1.0 USD.USD)
P/E Trailing = 11.5292
P/E Forward = 10.2249
P/S = 4.1634
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 = 22.15b USD (15.29b + Debt 7.00b - CCE 129.7m)
Interest Coverage Ratio = 3.91 (Ebit TTM 1.51b / Interest Expense TTM 385.9m)
FCF Yield = 7.14% (FCF TTM 1.58b / Enterprise Value 22.15b)
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 = 1.82 (Enterprise Value 22.15b / 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 = 7.37% (E(15.29b)/V(22.28b) * Re(10.13%) + D(7.00b)/V(22.28b) * 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 = 41.38 (DCF Value 16.88b / Shares Outstanding 407.9m; 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

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle