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StockVS

NYSE · Oil & Gas Midstream · USD

Western Midstream Partners, LP (WES) Stock Analysis

Western Midstream Partners, LP (WES) is a Oil & Gas Midstream stock listed on NYSE and quoted in US Dollar.

WES

$49.54

+$0.35 (+0.71%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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WES Key Statistics

As of Sep 4, 2026
Trading
Open
$49.18
Previous Close
$49.19
Day's Range
48.62–49.57
52-Week Range
36.90–50.07
Volume
739.60K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.66
Valuation
Market Cap
$20.47B
P/E Ratio
15.68
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
12.81
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.72
EPS (ttm)Profit attributable to each share over the last twelve months.
3.16
Financials (FY)
Revenue (FY)
$3.84B+6.61%
Net Income (FY)
$1.18B−24.95%
Profit marginThe share of revenue left as profit after all costs and taxes.
29.00%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
413.17M
1-Year Return
+40.55%
Dividend and dates
Dividend
$3.72+7.51%
Ex-Dividend Date
July 31, 2026
Earnings Date
November 3, 2026
Avg Volume
866.10K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

WES Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+33.65%
2025+12.77%
2024+43.58%
2023+19.46%
2022+29.29%
2021+72.31%
2020−19.13%
2019−22.65%
2018−21.31%
2017−8.01%
2016 (partial year)+16.83%

As of September 4, 2026.

WES Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$3.84B$1.18B30.7%
2024$3.61B$1.57B43.6%
2023$3.11B$1.02B32.9%
2022$3.25B$1.22B37.4%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$3.84B$2.93B$1.54B$1.18B30.7%
2024$3.61B$2.78B$1.57B$1.57B43.6%
2023$3.11B$2.34B$1.29B$1.02B32.9%
2022$3.25B$2.25B$1.32B$1.22B37.4%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

WES Dividend History

$3.61+12.7% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$2.773—
2025$3.614+12.7%
2024$3.204+28.3%
2023$2.494+36.5%
YearDividends per sharePaymentsChange
2026 (partial year)$2.773—
2025$3.614+12.7%
2024$3.204+28.3%
2023$2.494+36.5%
2022$1.834+44.1%
2021$1.274−18.5%
2020$1.564−36.6%
2019$2.454+40.3%
2018$1.753−13.5%
2017$2.024+350.9%
2016$0.451—

Most recent payment: $0.92 per share, ex-dividend July 31, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

WES Valuation vs Oil & Gas Midstream Median

Median of 65 stocks
MetricWESOil & Gas Midstream medianvs median
P/E15.6815.541% above
P/S ratio4.722.6578% above
Profit margin29.00%20.00%9.0 pts above

Medians across 65 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Western Midstream Partners, LP (WES) is capitalised at $20.47B on the latest close. The company sits in the Energy sector, in the Oil & Gas Midstream industry. The company reports 1,704 employees.

The most recent close on file for WES is $49.54, dated September 4, 2026. That is +$0.35 (+0.71%) against the previous close. The 52-week range on file runs from $36.90 to $50.07. The latest close sits 34.25% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $3.84B. That is +6.61% against the prior fiscal year, when revenue was $3.61B. The same year closed with net income of $1.18B. That is −24.95% against the prior fiscal year. The reported profit margin is 29%. That is 9 percentage points above the Oil & Gas Midstream median of 20%. Trailing earnings per share are 3.16.

Across the 4 fiscal years on file, revenue moves from $3.25B in 2022 to $3.84B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 15.68. That is 0.9% above the Oil & Gas Midstream median of 15.54. On forward earnings the ratio is 12.81. Measured against sales, the shares trade at 4.72 times revenue. On price-to-sales that is 78.17% above the Oil & Gas Midstream median of 2.65. The medians here are taken across 65 Oil & Gas Midstream companies that report the metric.

Beta against the wider market is reported at 0.66. Daily returns over the trailing 10 years annualize to a volatility of 46.49%. Over the trailing twelve months the price has returned +40.55%. Across 10 years the annualized return works out at +11.63%.

Growth & Income

The trailing dividend yield is 7.51%. That is 2.2 percentage points above the Oil & Gas Midstream median yield of 5.35%. The indicated annual rate is $3.72 a share. The ex-dividend date on file is July 31, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $2.77 a share. The year before, 2025, totalled $3.61 a share.

Across the complete calendar years on file, 2021 returned +72.31% and 2019 returned −22.65%. Of the 9 complete calendar years on file, 5 finished higher. 2026 is still running; the price is +33.65% year to date.

Peer Comparison

Western Midstream Partners, LP (WES) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Western Midstream Partners, LP WES $20.47B 15.7
Enbridge Inc. ENB $109.40B 26.9
The Williams Companies, Inc. WMB $90.70B 29.5
Enterprise Products Partners L.P. EPD $84.09B 13.6

The Oil & Gas Midstream industry average P/E ratio is 15.5x. Western Midstream Partners, LP trades at a P/E of 15.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Western Midstream Partners, LP

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.

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