(WES) Western Midstream Partners - Ratings and Ratios

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

Gathering, Processing, Transportation, Ngl, Condensate

Stock: Oil & Gas Storage & Transportation
Age 17.7y

MCap 16,622m
Avg Vol 1.05M (43.4M USD)

Beta 0.606
Volatility 21.54%

EPS (Earnings per Share)

EPS CAGR: -47.33%
EPS Trend: -11.5%

Last SUE: -3.94
Qual. Beats: 0

Revenue

Rev. CAGR: 7.78%
Rev. Trend: 79.5%

Last SUE: -0.55
Qual. Beats: 0

Dividends

Dividend Yield	9.40%
Yield on Cost 5y	36.01%
Yield CAGR 5y	29.85%
Payout Consistency	95.6%
Payout Ratio	104.9%

Risk via 5d forecast
Volatility	21.5%
Value at Risk 5%th	35.6%
Relative Tail Risk	0.34%

Reward TTM
Sharpe Ratio	0.17
Alpha	-4.23
CAGR/Max DD	1.45

Character TTM
Hurst Exponent	0.339
Beta	0.606
Beta Downside	0.737

Drawdowns 3y
Max DD	16.65%
Mean DD	4.33%
Median DD	4.17%

Description: WES Western Midstream Partners January 03, 2026

Western Midstream Partners, LP (NYSE: WES) is a U.S. midstream energy firm that gathers, compresses, treats, processes, and transports natural gas, condensate, NGLs, and crude oil across assets in Texas, New Mexico, and the Rocky Mountains. It also handles produced-water disposal and offers water-recycling services to upstream operators. The company, incorporated in 2007 and headquartered in The Woodlands, Texas, trades under the GICS sub-industry “Oil & Gas Storage & Transportation.”

Key operating metrics from the most recent filing (Q4 2023) show an adjusted EBITDA of roughly $115 million and a pipeline capacity of about 1.2 billion cubic feet per day (Bcf/d) for natural-gas transport. Revenue is highly correlated with natural-gas price spreads and NGL demand, both of which have been buoyed by the ongoing shift toward higher-value liquids in the U.S. energy mix. A sector-wide driver is the increasing need for water-management solutions as shale production expands, positioning Western Midstream’s water-recycling business for incremental growth.

For deeper metrics and peer comparisons, you might explore ValueRay’s platform to extend your analysis.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income: 1.32b TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 2.54 > 1.0
NWC/Revenue: 7.39% < 20% (prev 5.28%; Δ 2.12% < -1%)
CFO/TA 0.18 > 3% & CFO 2.22b > Net Income 1.32b
Net Debt (6.82b) to EBITDA (2.42b): 2.82 < 3
Current Ratio: 1.43 > 1.5 & < 3
Outstanding Shares: last quarter (382.8m) vs 12m ago 0.04% < -2%
Gross Margin: 76.14% > 18% (prev 0.77%; Δ 7537 % > 0.5%)
Asset Turnover: 29.80% > 50% (prev 27.23%; Δ 2.57% > 0%)
Interest Coverage Ratio: 4.65 > 6 (EBITDA TTM 2.42b / Interest Expense TTM 374.5m)

ValueRay F-Score (Strict, 0-100) 80.99

1. Piotroski: 6.0pt
2. FCF Yield: 6.29%
3. FCF Margin: 39.41%
4. Debt/Equity: 2.20
5. Debt/Ebitda: 2.82
6. ROIC - WACC: 10.45%
7. RoE: 41.13%
8. Revenue Trend: 79.46%
9. EPS Trend: -11.50%

What is the price of WES shares?

As of January 25, 2026, the stock is trading at USD 40.74 with a total of 990,643 shares traded.
Over the past week, the price has changed by -2.09%, over one month by +3.22%, over three months by +7.13% and over the past year by +5.35%.

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	41.8	2.5%
Analysts Target Price	41.8	2.5%
ValueRay Target Price	53.3	30.9%

WES Fundamental Data Overview January 24, 2026

P/E Trailing = 12.0533
P/E Forward = 10.8814
P/S = 4.4438
P/B = 5.2349
P/EG = 5.48
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 = 23.44b USD (16.62b + Debt 7.00b - CCE 177.3m)
Interest Coverage Ratio = 4.65 (Ebit TTM 1.74b / Interest Expense TTM 374.5m)
EV/FCF = 15.90x (Enterprise Value 23.44b / FCF TTM 1.47b)
FCF Yield = 6.29% (FCF TTM 1.47b / Enterprise Value 23.44b)
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 = 1.93 (Enterprise Value 23.44b / 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 = 10.48% (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 = 6.12% (E(16.62b)/V(23.62b) * Re(8.15%) + D(7.00b)/V(23.62b) * Rd(1.32%) * (1-Tc(0.01)))
Discount Rate = 8.15% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.22%
[DCF Debug] Terminal Value 84.58% ; FCFF base≈1.38b ; Y1≈1.28b ; Y5≈1.17b
Fair Price DCF = 63.70 (EV 32.81b - Net Debt 6.82b = Equity 25.99b / Shares 408.0m; r=6.12% [WACC]; 5y FCF grow -9.12% → 2.90% )
EPS Correlation: -11.50 | EPS CAGR: -47.33% | SUE: -3.94 | # QB: 0
Revenue Correlation: 79.46 | Revenue CAGR: 7.78% | SUE: -0.55 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.88 | Chg30d=-0.018 | Revisions Net=-2 | Analysts=3
EPS next Year (2026-12-31): EPS=3.70 | Chg30d=-0.051 | Revisions Net=-2 | Growth EPS=+8.0% | Growth Revenue=+7.8%

Additional Sources for WES Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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