WES - NYSE

Western Midstream Partners, LP

WES·NYSE

$44.03

+0.94%

EnergyOil & Gas Midstream

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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$17.34B

EPS3.0100

P/E Ratio14.63

Earnings Date08/05/2026

15.00B

Assets

14%

3Y+33.0%

5Y+27.0%

10Y+94.0%

10.84B

Total Liabilities

11%

3Y+33.0%

5Y+21.0%

10Y+199.0%

4.16B

Total Equity

23%

3Y+34.0%

5Y+44.0%

10Y+1.0%

Western Midstream Partners, LP Funding & Solvency Profile

WES · NYSE

Current Assets

Cash & Cash Equivalents819.49M

Net Receivables788.80M

Inventory12.84M

Other Current Assets19.70M

Total Current Assets2 B

Non-Current Assets

Property, Plant & Equipment11.41B

Goodwill & Intangible Assets1.27B

Long-Term Investments511.99M

Other Non-Current Assets153.65M

Total Non-Current Assets12 B

Total Assets

15.00B

Financial Health Analysis

Current Ratio

1.34x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

2.60x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

420 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

11% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Western Midstream Partners, LP Balance Sheet

WES • NYSE

Western Midstream Partners, LP Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	819.5M	1.1B	272.8M	286.7M	202M	444.9M	100M	92.1M	79.6M	359.1M	99.7M	67.2M	113.1M	422.6M	226.6M	27.1M	70M	36.1M
Cash & Short-Term Investments	819.5M	1.1B	272.8M	286.7M	202M	444.9M	100M	92.1M	79.6M	359.1M	99.7M	67.2M	113.1M	422.6M	226.6M	27.1M	70M	36.1M
Net Receivables	788.8M	721.4M	681.3M	590.3M	467.1M	471.2M	272.3M	235.6M	161.9M	226.5M	195.2M	98.5M	87.6M	37.1M	23.2M	11.6M	0.0	9.7M
Accounts Receivables	762.6M	714.2M	676.2M	557.6M	441.8M	458.1M	267.6M	226.5M	161.8M	166.1M	96.5M	98.5M	87.6M	37.1M	23.2M	11.6M	0.0	7.9M
Other Receivables	26.2M	7.3M	5.1M	32.7M	25.3M	13.1M	4.7M	9.1M	45K	60.4M	98.8M	0.0	0.0	0.0	0.0	0.0	0.0	1.8M
Inventory	12.8M	2.5M	2.6M	3.8M	3.4M	882K	24.4M	10.9M	10.8M	7.1M	2.4M	5.3M	2.6M	0.0	0.0	0.0	0.0	0.0
Prepaids	16.1M	15.4M	21.1M	13.3M	10.4M	8.1M	5.7M	2M	3M	2.9M	3M	3.2M	2.9M	0.0	0.0	0.0	0.0	0.0
Other Current Assets	19.7M	17.3M	14.7M	6.4M	1.9M	17.9M	93K	4.2M	0.0	0.0	1M	1.7M	1.6M	6.6M	6.7M	5.9M	0.0	1.4M
Total Current Assets	1.7B	1.8B	992.4M	900.4M	684.8M	943.1M	402.4M	335.8M	255.2M	595.6M	289M	175.9M	207.8M	466.2M	256.4M	43.2M	79.9M	47.2M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	11.4B	9.9B	9.7B	8.6B	8.6B	8.7B	9.1B	8.4B	5.7B	5B	4.9B	4.4B	3.4B	2.5B	2.1B	1.8B	0.0	686.4M
Goodwill	353.3M	4.8M	4.8M	4.8M	4.8M	4.8M	445.8M	416.2M	416.2M	417.6M	389.7M	384.4M	105.3M	87.9M	82.1M	60.2M	20.8M	20.8M
Intangible Assets	913.8M	649.7M	681.4M	713.1M	744.7M	776.4M	809.4M	746.8M	775.3M	803.7M	832.1M	884.9M	53.6M	55.5M	52.9M	0.0	0.0	0.0
Goodwill & Intangible Assets	1.3B	654.5M	686.2M	717.9M	749.5M	781.2M	1.3B	1.2B	1.2B	1.2B	1.2B	1.3B	158.9M	143.4M	135M	60.2M	20.8M	20.8M
Long-Term Investments	512M	572.3M	934.2M	963.9M	1.2B	1.3B	1.6B	1.4B	826.2M	854.2M	878.9M	894.5M	503.6M	366.5M	370.3M	375.2M	0.0	18.2M
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	260M
Other Non-Current Assets	153.7M	136.7M	119.5M	80.8M	69.7M	81M	14M	62.8M	12.6M	15.1M	13M	28.3M	27.4M	27.4M	23.6M	7.4M	0.0	628K
Total Non-Current Assets	13.3B	11.3B	11.5B	10.4B	10.6B	10.9B	11.9B	11.1B	7.8B	7.1B	7B	6.6B	4.1B	3B	2.6B	2.2B	0.0	986M
Total Assets	15B	13.1B	12.5B	11.3B	11.3B	11.8B	12.3B	9.2B	8B	7.7B	6.7B	6.8B	4.3B	3.5B	2.8B	1.8B	1.1B	1B
LIABILITIES
CURRENT LIABILITIES
Total Payables	328.6M	317.5M	365.4M	363M	327.6M	214.1M	293.8M	443.7M	352.3M	124.3M	99.4M	29.3M	39.6M	37.1M	21.2M	15.7M	0.0	29.5M
Accounts Payable	319.2M	312.9M	362.5M	360.6M	326.1M	210.7M	293.1M	443.3M	349.8M	247.1M	98.7M	54.2M	23.4M	25.2M	26.6M	15.2M	16.9M	26.6M
Other Payables	9.4M	4.6M	2.9M	2.4M	1.5M	3.4M	697K	384K	2.5M	1M	770K	207K	0.0	12.5M	495K	160K	0.0	2.9M
Accrued Expenses	69.6M	66.6M	55.2M	44.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	13M
Short Term Debt	514.1M	1.1B	629M	226.1M	516.5M	442.8M	9.7M	28M	350M	0.0	0.0	1.2M	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	42.9M	2.9M	75.3M	46.5M	44.8M	35.9M	29.7M	29.1M	24.1M	18.6M	15M	13.9M	12.5M	8.7M	6.1M	1.9M	1.5M
Deferred Revenue	22.9M	11.1M	16.9M	20.9M	27.8M	31.5M	19.7M	16.4M	-350M	0.0	0.0	172.3M	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	301.3M	226.6M	237.6M	249M	268.4M	272.5M	162.8M	149.5M	72.1M	191.1M	136.1M	173.3M	151.9M	121.1M	91M	43M	0.0	0.0
Total Current Liabilities	1.2B	1.7B	1.3B	903.9M	1.1B	960.9M	486M	536.9M	424.4M	315.4M	199.3M	203.8M	191.5M	158.2M	112.2M	42.2M	18.1M	42.4M
NON-CURRENT LIABILITIES
Long Term Debt	8.3B	6.9B	7.3B	6.6B	6.4B	7.4B	8B	5.2B	3.5B	3.1B	2.7B	2.4B	1.4B	1.2B	669.2M	299M	0.0	0.0
Deferred Revenue (Non-Current)	744.3M	599.5M	428.6M	348.4M	285.4M	235.5M	31.4M	14.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	111.3M	29.7M	15.5M	14.4M	12.4M	22.2M	18.9M	280M	7.4M	6.4M	139.7M	4.2M	309K	1.6M	513.1M	491.7M	217.3M	1.1M
Other Non-Current Liabilities	327.9M	378.3M	362.3M	294M	303.3M	265.6M	510.3M	417.4M	146.9M	184.1M	317.3M	110.1M	79.1M	68.5M	76.2M	56.1M	231M	184.9M
Total Non-Current Liabilities	9.6B	8.1B	8.1B	7.3B	7B	8B	8.5B	5.9B	3.6B	3.3B	3.1B	2.5B	1.5B	1.2B	1.3B	1B	448.3M	186.1M
Capital Lease Obligations	122.6M	167.1M	77.1M	37.5M	37M	58.5M	7.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	10.8B	9.8B	9.4B	8.2B	8.2B	8.9B	9B	6.6B	4.1B	3.6B	3.4B	2.7B	1.7B	1.4B	1.4B	1.1B	483.4M	228.5M
SHAREHOLDERS' EQUITY
Common Stock	4B	3.2B	2.9B	3B	3B	2.8B	3.2B	951.9M	1.1B	1B	1.1B	1.3B	905.1M	912.4M	528.9M	369.8M	0.0	0.0
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.4B	0.0	0.0	430.6M	0.0	0.0	0.0	0.0	0.0	0.0	-175.4M
Total Stockholders' Equity	4B	3.2B	2.9B	3B	3B	2.8B	3.2B	2.3B	1.1B	1B	1.5B	1.3B	905.1M	912.4M	528.9M	369.8M	0.0	-175.4M
Total Equity	4.2B	3.4B	3B	3.1B	3.1B	2.9B	3.3B	4.9B	3.9B	4.1B	3.9B	4B	2.6B	2.1B	1.5B	1.2B	0.0	-109.4M
Minority Interest	141.9M	139.6M	131.7M	136.4M	137.7M	134.1M	149.6M	2.6B	2.9B	3.1B	2.4B	2.8B	1.7B	1.2B	938.1M	812.8M	0.0	66M
SUMMARY
Total Liabilities & Equity	15B	13.1B	12.5B	11.3B	11.3B	11.8B	12.3B	11.5B	8B	7.7B	7.3B	6.8B	4.3B	3.5B	2.8B	2.3B	483.4M	228.5M
Total Investments	512M	572.3M	934.2M	963.9M	1.2B	1.3B	1.6B	1.4B	826.2M	854.2M	878.9M	894.5M	503.6M	366.5M	370.3M	375.2M	0.0	18.2M
Total Debt	8.9B	8.1B	8B	6.8B	7B	7.9B	8B	5.2B	3.5B	3.1B	2.7B	2.4B	1.4B	1.2B	669.2M	474M	0.0	0.0
Net Debt	8.1B	7B	7.7B	6.5B	6.8B	7.4B	7.9B	5.2B	3.4B	2.8B	2.6B	2.4B	1.3B	745.7M	442.6M	446.9M	0.0	-36.1M
Shares Outstanding	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887	381,053,887

SEC Filings

WES - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 06, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 18, 2026	February 18, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 18, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	January 22, 2026	January 16, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 04, 2025	December 01, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 04, 2025	November 04, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 04, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 15, 2025	October 15, 2025	2025	View Filing
S-4/A S-4/A (Amended) N/A	September 10, 2025	September 10, 2025		View Filing

Showing 1 to 10 of 201 filings

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