(WES) Western Midstream Partners - Overview

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

Stock: Natural Gas, Crude Oil, Liquids, Water Handling

Total Rating 41

Risk 74

Buy Signal -1.40

Oil & Gas Midstream -5.1
Oil & Gas Storage & Transportation -7.7

Market Cap: 16,969m
Avg Trading Vol: 58.3M USD

ATR: 2.57%
Peers RS (IBD): 15.6

Risk 5d forecast
Volatility	22.6%
Relative Tail Risk	-0.15%

Reward TTM
Sharpe Ratio	0.75
Alpha	8.91

Character TTM
Beta	0.509
Beta Downside	0.166

Drawdowns 3y
Max DD	16.65%
CAGR/Max DD	1.72

EPS (Earnings per Share)

EPS CAGR: -11.30%
EPS Trend: 11.3%

Last SUE: -1.94
Qual. Beats: 0

Revenue

Rev. CAGR: 8.55%
Rev. Trend: 79.8%

Last SUE: -1.33
Qual. Beats: 0

Description: WES Western Midstream Partners March 05, 2026

Western Midstream Partners, LP (WES) is a U.S. midstream energy company. Its operations include natural gas gathering, compression, treating, processing, and transportation. The company also handles condensate, natural gas liquids (NGLs), and crude oil, including gathering, stabilization, and transportation. Midstream companies typically act as a link between upstream production and downstream refining/processing.

WES engages in the buying and selling of residue, NGLs, and condensates. It also provides water handling solutions, a common service in oil and gas production. Its primary operational areas are Texas, New Mexico, and the Rocky Mountains. The company was founded in 2007 and is headquartered in The Woodlands, Texas. Further analysis on ValueRay can provide deeper insights into WESs operational metrics and financial performance.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 1.17b TTM > 0 and > 6% of Revenue
FCF/TA: 0.10 > 0.02 and ΔFCF/TA 0.14 > 1.0
NWC/Revenue: 10.94% < 20% (prev 4.31%; Δ 6.63% < -1%)
CFO/TA 0.15 > 3% & CFO 2.22b > Net Income 1.17b
Net Debt (8.11b) to EBITDA (2.30b): 3.52 < 3
Current Ratio: 1.34 > 1.5 & < 3
Outstanding Shares: last quarter (402.5m) vs 12m ago 5.10% < -2%
Gross Margin: 68.46% > 18% (prev 0.77%; Δ 6769 % > 0.5%)
Asset Turnover: 27.31% > 50% (prev 27.43%; Δ -0.11% > 0%)
Interest Coverage Ratio: 4.08 > 6 (EBITDA TTM 2.30b / Interest Expense TTM 390.5m)

Altman Z''

A: 0.03 (Total Current Assets 1.66b - Total Current Liabilities 1.24b) / Total Assets 15.00b
B: error (Retained Earnings missing)
C: 0.11 (EBIT TTM 1.59b / Avg Total Assets 14.07b)
D: 0.37 (Book Value of Equity 4.02b / Total Liabilities 10.84b)

Beneish M -2.77

DSRI: 1.03 (Receivables 788.8m/721.4m, Revenue 3.84b/3.61b)
GMI: 1.13 (GM 68.46% / 77.18%)
AQI: 1.24 (AQ_t 0.13 / AQ_t-1 0.10)
SGI: 1.07 (Revenue 3.84b / 3.61b)
TATA: -0.07 (NI 1.17b - CFO 2.22b) / TA 15.00b)
Beneish M-Score: -2.77 (Cap -4..+1) = A

What is the price of WES shares?

As of March 07, 2026, the stock is trading at USD 41.71 with a total of 1,308,309 shares traded.
Over the past week, the price has changed by +0.29%, over one month by +1.43%, over three months by +8.57% and over the past year by +20.93%.

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.

StrongBuy: 2
Buy: 1
Hold: 8
Sell: 1
StrongSell: 1

What are the forecasts/targets for the WES price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	41.8	0.1%
Analysts Target Price	41.8	0.1%

WES Fundamental Data Overview March 03, 2026

P/E Trailing = 13.9564
P/E Forward = 11.0865
P/S = 4.415
P/B = 4.0715
P/EG = 5.48
Revenue TTM = 3.84b USD
EBIT TTM = 1.59b USD
EBITDA TTM = 2.30b USD
Long Term Debt = 8.18b USD (from longTermDebt, last quarter)
Short Term Debt = 514.1m USD (from shortTermDebt, last quarter)
Debt = 8.93b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.11b USD (from netDebt column, last quarter)
Enterprise Value = 25.08b USD (16.97b + Debt 8.93b - CCE 819.5m)
Interest Coverage Ratio = 4.08 (Ebit TTM 1.59b / Interest Expense TTM 390.5m)
EV/FCF = 16.77x (Enterprise Value 25.08b / FCF TTM 1.50b)
FCF Yield = 5.96% (FCF TTM 1.50b / Enterprise Value 25.08b)
FCF Margin = 38.92% (FCF TTM 1.50b / Revenue TTM 3.84b)
Net Margin = 30.43% (Net Income TTM 1.17b / Revenue TTM 3.84b)
Gross Margin = 68.46% ((Revenue TTM 3.84b - Cost of Revenue TTM 1.21b) / Revenue TTM)
Gross Margin QoQ = 49.41% (prev 72.33%)
Tobins Q-Ratio = 1.67 (Enterprise Value 25.08b / Total Assets 15.00b)
Interest Expense / Debt = 1.25% (Interest Expense 111.9m / Debt 8.93b)
Taxrate = 3.60% (7.32m / 203.6m)
NOPAT = 1.54b (EBIT 1.59b * (1 - 3.60%))
Current Ratio = 1.34 (Total Current Assets 1.66b / Total Current Liabilities 1.24b)
Debt / Equity = 2.22 (Debt 8.93b / totalStockholderEquity, last quarter 4.02b)
Debt / EBITDA = 3.52 (Net Debt 8.11b / EBITDA 2.30b)
Debt / FCF = 5.42 (Net Debt 8.11b / FCF TTM 1.50b)
Total Stockholder Equity = 3.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.31% (Net Income 1.17b / Total Assets 15.00b)
RoE = 34.44% (Net Income TTM 1.17b / Total Stockholder Equity 3.40b)
RoCE = 13.75% (EBIT 1.59b / Capital Employed (Equity 3.40b + L.T.Debt 8.18b))
RoIC = 14.19% (NOPAT 1.54b / Invested Capital 10.82b)
WACC = 5.52% (E(16.97b)/V(25.90b) * Re(7.79%) + D(8.93b)/V(25.90b) * Rd(1.25%) * (1-Tc(0.04)))
Discount Rate = 7.79% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 2.76%
[DCF] Terminal Value 86.85% ; FCFF base≈1.41b ; Y1≈1.49b ; Y5≈1.76b
[DCF] Fair Price = 111.7 (EV 52.10b - Net Debt 8.11b = Equity 43.99b / Shares 393.7m; r=5.90% [WACC]; 5y FCF grow 5.99% → 2.90% )
EPS Correlation: 11.29 | EPS CAGR: -11.30% | SUE: -1.94 | # QB: 0
Revenue Correlation: 79.84 | Revenue CAGR: 8.55% | SUE: -1.33 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.83 | Chg7d=-0.072 | Chg30d=-0.087 | Revisions Net=-2 | Analysts=1
EPS current Year (2026-12-31): EPS=3.39 | Chg7d=-0.266 | Chg30d=-0.318 | Revisions Net=-2 | Growth EPS=+11.3% | Growth Revenue=+7.9%
EPS next Year (2027-12-31): EPS=3.97 | Chg7d=+0.006 | Chg30d=-0.021 | Revisions Net=-2 | Growth EPS=+17.2% | Growth Revenue=+7.0%

Additional Sources for WES Stock

Fund Manager Positions: Dataroma | Stockcircle