WES - NYSE
Western Midstream Partners, LP
$44.03
+1.8%Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates primarily in the United States. It 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 produced water. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. 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.
At a Glance
Live SnapshotWestern Midstream Partners, LP Dividend History
WES Dividend Payment History
Total Payments
50
Latest Dividend
$0.9300
Annual Amount
$4.5700
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
Apr 20, 2026 | May 1, 2026 | May 15, 2026 | $0.9300 | $0.9300 | Quarterly | +2.20% |
Jan 23, 2026 | Feb 2, 2026 | Feb 13, 2026 | $0.9100 | $0.9100 | Quarterly | 0.00% |
Oct 17, 2025 | Oct 31, 2025 | Nov 14, 2025 | $0.9100 | $0.9100 | Quarterly | 0.00% |
Jul 21, 2025 | Aug 1, 2025 | Aug 14, 2025 | $0.9100 | $0.9100 | Quarterly | 0.00% |
Apr 21, 2025 | May 2, 2025 | May 15, 2025 | $0.9100 | $0.9100 | Quarterly | +4.00% |
Jan 24, 2025 | Feb 3, 2025 | Feb 14, 2025 | $0.8750 | $0.8750 | Quarterly | 0.00% |
Oct 17, 2024 | Nov 1, 2024 | Nov 14, 2024 | $0.8750 | $0.8750 | Quarterly | 0.00% |
Jul 18, 2024 | Aug 1, 2024 | Aug 14, 2024 | $0.8750 | $0.8750 | Quarterly | 0.00% |
Apr 18, 2024 | May 1, 2024 | May 15, 2024 | $0.8750 | $0.8750 | Quarterly | +52.17% |
Jan 22, 2024 | Feb 1, 2024 | Feb 13, 2024 | $0.5750 | $0.5750 | Quarterly | 0.00% |
Oct 19, 2023 | Nov 1, 2023 | Nov 13, 2023 | $0.5750 | $0.5750 | Quarterly | +2.31% |
Jul 21, 2023 | Jul 31, 2023 | Aug 14, 2023 | $0.5620 | $0.5620 | Quarterly | -34.35% |
Apr 20, 2023 | May 1, 2023 | May 15, 2023 | $0.8560 | $0.8560 | Quarterly | +71.20% |
Jan 20, 2023 | Feb 1, 2023 | Feb 13, 2023 | $0.5000 | $0.5000 | Quarterly | 0.00% |
Oct 21, 2022 | Oct 31, 2022 | Nov 14, 2022 | $0.5000 | $0.5000 | Quarterly | 0.00% |
Jul 21, 2022 | Aug 1, 2022 | Aug 12, 2022 | $0.5000 | $0.5000 | Quarterly | 0.00% |
Apr 21, 2022 | May 2, 2022 | May 13, 2022 | $0.5000 | $0.5000 | Quarterly | +52.91% |
Jan 21, 2022 | Jan 31, 2022 | Feb 14, 2022 | $0.3270 | $0.3270 | Quarterly | +1.24% |
Oct 22, 2021 | Nov 1, 2021 | Nov 12, 2021 | $0.3230 | $0.3230 | Quarterly | +1.25% |
Jul 20, 2021 | Jul 30, 2021 | Aug 13, 2021 | $0.3190 | $0.3190 | Quarterly | +1.27% |
Apr 20, 2021 | Apr 30, 2021 | May 14, 2021 | $0.3150 | $0.3150 | Quarterly | +1.29% |
Jan 18, 2021 | Feb 1, 2021 | Feb 12, 2021 | $0.3110 | $0.3110 | Quarterly | 0.00% |
Oct 20, 2020 | Oct 30, 2020 | Nov 13, 2020 | $0.3110 | $0.3110 | Quarterly | 0.00% |
Jul 16, 2020 | Jul 31, 2020 | Aug 13, 2020 | $0.3110 | $0.3110 | Quarterly | 0.00% |
Apr 20, 2020 | May 1, 2020 | May 14, 2020 | $0.3110 | $0.3110 | Quarterly | -50.00% |
Jan 20, 2020 | Jan 31, 2020 | Feb 13, 2020 | $0.6220 | $0.6220 | Quarterly | +0.32% |
Oct 17, 2019 | Nov 1, 2019 | Nov 13, 2019 | $0.6200 | $0.6200 | Quarterly | +0.32% |
Jul 18, 2019 | Jul 31, 2019 | Aug 13, 2019 | $0.6180 | $0.6180 | Quarterly | +1.31% |
Apr 19, 2019 | May 1, 2019 | May 14, 2019 | $0.6100 | $0.6100 | Quarterly | +1.33% |
Jan 22, 2019 | Feb 1, 2019 | Feb 21, 2019 | $0.6020 | $0.6020 | Quarterly | +1.18% |
Oct 17, 2018 | Oct 31, 2018 | Nov 13, 2018 | $0.5950 | $0.5950 | Quarterly | +2.23% |
Jul 17, 2018 | Aug 1, 2018 | Aug 13, 2018 | $0.5820 | $0.5820 | Quarterly | +2.28% |
Apr 17, 2018 | May 2, 2018 | May 14, 2018 | $0.5690 | $0.5690 | Quarterly | +3.64% |
Jan 19, 2018 | Feb 1, 2018 | Feb 22, 2018 | $0.5490 | $0.5490 | Quarterly | +2.04% |
Oct 13, 2017 | Nov 2, 2017 | Nov 22, 2017 | $0.5380 | $0.5380 | Quarterly | +1.89% |
Jul 21, 2017 | Jul 31, 2017 | Aug 11, 2017 | $0.5280 | $0.5280 | Quarterly | +7.54% |
Apr 24, 2017 | May 1, 2017 | May 12, 2017 | $0.4910 | $0.4910 | Quarterly | +6.28% |
Jan 18, 2017 | Feb 2, 2017 | Feb 13, 2017 | $0.4620 | $0.4620 | Quarterly | +3.13% |
Oct 19, 2016 | Oct 31, 2016 | Nov 10, 2016 | $0.4480 | $0.4480 | Quarterly | +3.23% |
Jul 21, 2016 | Aug 1, 2016 | Aug 12, 2016 | $0.4340 | $0.4340 | Quarterly | +2.36% |
Apr 25, 2016 | May 2, 2016 | May 13, 2016 | $0.4240 | $0.4240 | Quarterly | +4.95% |
Jan 22, 2016 | Feb 1, 2016 | Feb 11, 2016 | $0.4040 | $0.4040 | Quarterly | +6.04% |
Oct 15, 2015 | Nov 2, 2015 | Nov 12, 2015 | $0.3810 | $0.3810 | Quarterly | +4.67% |
Jul 17, 2015 | Jul 31, 2015 | Aug 12, 2015 | $0.3640 | $0.3640 | Quarterly | +6.43% |
Apr 21, 2015 | Apr 30, 2015 | May 13, 2015 | $0.3420 | $0.3420 | Quarterly | +9.62% |
Jan 22, 2015 | Feb 2, 2015 | Feb 12, 2015 | $0.3120 | $0.3120 | Quarterly | +7.22% |
Oct 21, 2014 | Oct 31, 2014 | Nov 13, 2014 | $0.2910 | $0.2910 | Quarterly | +7.38% |
Jul 18, 2014 | Jul 31, 2014 | Aug 13, 2014 | $0.2710 | $0.2710 | Quarterly | +8.40% |
Apr 17, 2014 | Apr 30, 2014 | May 14, 2014 | $0.2500 | $0.2500 | Quarterly | +8.23% |
Jan 21, 2014 | Jan 31, 2014 | Feb 12, 2014 | $0.2310 | $0.2310 | Quarterly | - |
Western Midstream Partners, LP Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Moderate FCF concern. Most free cash flow goes to dividends, limiting flexibility. Monitor CapEx needs and ensure FCF isn't declining.
Dividend Growth
Significant dividend reduction signals serious challenges. Company prioritizing financial stability over shareholder returns. High risk of further cuts.
Sustainability
Dividend sustainability questionable. Monitor closely for signs of stress. Consider whether yield justifies the risk.
Key Insight
Recent dividend cut signals distress: Management forced to reduce payout, indicating financial pressure. Evaluate whether business challenges are temporary or structural before reinvesting.
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Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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