(WES) Western Midstream Partners - Ratings and Ratios
Natural Gas, NGLs, Crude Oil, Condensate
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 9.24% |
| Yield on Cost 5y | 39.66% |
| Yield CAGR 5y | 19.77% |
| Payout Consistency | 95.2% |
| Payout Ratio | 104.9% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 22.0% |
| Value at Risk 5%th | 36.1% |
| Relative Tail Risk | -0.05% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.34 |
| Alpha | 1.75 |
| CAGR/Max DD | 1.36 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.303 |
| Beta | 0.630 |
| Beta Downside | 0.757 |
| Drawdowns 3y | |
|---|---|
| Max DD | 16.65% |
| Mean DD | 4.52% |
| Median DD | 4.43% |
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.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (1.32b TTM) > 0 and > 6% of Revenue (6% = 224.4m TTM) |
| FCFTA 0.12 (>2.0%) and ΔFCFTA 2.44pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 7.39% (prev 5.28%; Δ 2.12pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.18 (>3.0%) and CFO 2.22b > Net Income 1.32b (YES >=105%, WARN >=100%) |
| Net Debt (6.82b) to EBITDA (2.42b) ratio: 2.82 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.43 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (382.8m) change vs 12m ago 0.04% (target <= -2.0% for YES) |
| Gross Margin 76.14% (prev 76.62%; Δ -0.49pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 29.80% (prev 27.23%; Δ 2.57pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.65 (EBITDA TTM 2.42b / Interest Expense TTM 374.5m) >= 6 (WARN >= 3) |
ValueRay F-Score (Strict, 0-100) 83.11
| 1. Piotroski 5.0pt |
| 2. FCF Yield 6.48% |
| 3. FCF Margin 39.41% |
| 4. Debt/Equity 2.20 |
| 5. Debt/Ebitda 2.82 |
| 6. ROIC - WACC (= 10.38)% |
| 7. RoE 41.13% |
| 8. Rev. Trend 79.60% |
| 9. EPS Trend 48.62% |
What is the price of WES shares?
Over the past week, the price has changed by -0.08%, over one month by +3.35%, over three months by +4.10% and over the past year by +11.66%.
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 | 41 | 5.1% |
| Analysts Target Price | 41 | 5.1% |
| ValueRay Target Price | 50.6 | 29.6% |
WES Fundamental Data Overview November 19, 2025
P/E Trailing = 11.5385
P/E Forward = 10.395
P/S = 4.254
P/B = 4.9606
P/EG = 5.48
Beta = 0.739
Revenue TTM = 3.74b USD
EBIT TTM = 1.74b USD
EBITDA TTM = 2.42b USD
Long Term Debt = 6.91b USD (from longTermDebt, last quarter)
Short Term Debt = 75.7m USD (from shortTermDebt, last quarter)
Debt = 7.00b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.82b USD (from netDebt column, last quarter)
Enterprise Value = 22.73b USD (15.91b + Debt 7.00b - CCE 177.3m)
Interest Coverage Ratio = 4.65 (Ebit TTM 1.74b / Interest Expense TTM 374.5m)
FCF Yield = 6.48% (FCF TTM 1.47b / Enterprise Value 22.73b)
FCF Margin = 39.41% (FCF TTM 1.47b / Revenue TTM 3.74b)
Net Margin = 35.18% (Net Income TTM 1.32b / Revenue TTM 3.74b)
Gross Margin = 76.14% ((Revenue TTM 3.74b - Cost of Revenue TTM 892.6m) / Revenue TTM)
Gross Margin QoQ = 72.33% (prev 77.21%)
Tobins Q-Ratio = 1.87 (Enterprise Value 22.73b / Total Assets 12.13b)
Interest Expense / Debt = 1.32% (Interest Expense 92.4m / Debt 7.00b)
Taxrate = 0.60% (2.09m / 351.0m)
NOPAT = 1.73b (EBIT 1.74b * (1 - 0.60%))
Current Ratio = 1.43 (Total Current Assets 917.1m / Total Current Liabilities 640.5m)
Debt / Equity = 2.20 (Debt 7.00b / totalStockholderEquity, last quarter 3.18b)
Debt / EBITDA = 2.82 (Net Debt 6.82b / EBITDA 2.42b)
Debt / FCF = 4.63 (Net Debt 6.82b / FCF TTM 1.47b)
Total Stockholder Equity = 3.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.85% (Net Income 1.32b / Total Assets 12.13b)
RoE = 41.13% (Net Income TTM 1.32b / Total Stockholder Equity 3.20b)
RoCE = 17.22% (EBIT 1.74b / Capital Employed (Equity 3.20b + L.T.Debt 6.91b))
RoIC = 16.57% (NOPAT 1.73b / Invested Capital 10.44b)
WACC = 6.19% (E(15.91b)/V(22.91b) * Re(8.34%) + D(7.00b)/V(22.91b) * Rd(1.32%) * (1-Tc(0.01)))
Discount Rate = 8.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.22%
[DCF Debug] Terminal Value 76.13% ; FCFE base≈1.39b ; Y1≈1.30b ; Y5≈1.20b
Fair Price DCF = 49.84 (DCF Value 20.33b / Shares Outstanding 408.0m; 5y FCF grow -8.50% → 3.0% )
EPS Correlation: 48.62 | EPS CAGR: 11.42% | SUE: -0.04 | # QB: 0
Revenue Correlation: 79.60 | Revenue CAGR: 7.78% | SUE: -0.55 | # QB: 0
Additional Sources for WES Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle