image
Energy - Oil & Gas Midstream - NYSE - US
$ 35.43
-4.24 %
$ 13.5 B
Market Cap
8.81
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one WES stock under the worst case scenario is HIDDEN Compared to the current market price of 35.4 USD, Western Midstream Partners, LP is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one WES stock under the base case scenario is HIDDEN Compared to the current market price of 35.4 USD, Western Midstream Partners, LP is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one WES stock under the best case scenario is HIDDEN Compared to the current market price of 35.4 USD, Western Midstream Partners, LP is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart WES

image
$42.0$42.0$41.0$41.0$40.0$40.0$39.0$39.0$38.0$38.0$37.0$37.0$36.0$36.0$35.0$35.0$34.0$34.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
3.61 B REVENUE
16.06%
1.97 B OPERATING INCOME
42.85%
1.61 B NET INCOME
61.53%
2.11 B OPERATING CASH FLOW
26.93%
-39.2 M INVESTING CASH FLOW
97.56%
-1.25 B FINANCING CASH FLOW
-1745.45%
929 M REVENUE
5.11%
426 M OPERATING INCOME
7.55%
343 M NET INCOME
15.99%
526 M OPERATING CASH FLOW
-4.53%
-230 M INVESTING CASH FLOW
-20.78%
-358 M FINANCING CASH FLOW
-85.33%
Balance Sheet Western Midstream Partners, LP
image
Current Assets 1.85 B
Cash & Short-Term Investments 1.09 B
Receivables 721 M
Other Current Assets 35.3 M
Non-Current Assets 11.3 B
Long-Term Investments 572 M
PP&E 9.93 B
Other Non-Current Assets 791 M
8.30 %5.49 %4.35 %75.57 %6.02 %Total Assets$13.1b
Current Liabilities 1.69 B
Accounts Payable 313 M
Short-Term Debt 1.07 B
Other Current Liabilities 309 M
Non-Current Liabilities 8.08 B
Long-Term Debt 7.07 B
Other Non-Current Liabilities 1.01 B
3.20 %10.95 %3.16 %72.37 %10.31 %Total Liabilities$9.8b
EFFICIENCY
Earnings Waterfall Western Midstream Partners, LP
image
Revenue 3.61 B
Cost Of Revenue 823 M
Gross Profit 2.78 B
Operating Expenses 812 M
Operating Income 1.97 B
Other Expenses 358 M
Net Income 1.61 B
4b4b4b4b3b3b3b3b2b2b2b2b1b1b500m500m004b(823m)3b(812m)2b(358m)2bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
77.18% GROSS MARGIN
77.18%
54.66% OPERATING MARGIN
54.66%
43.65% NET MARGIN
43.65%
48.63% ROE
48.63%
11.97% ROA
11.97%
15.56% ROIC
15.56%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Western Midstream Partners, LP
image
2b2b1b1b1b1b1b1b800m800m600m600m400m400m200m200m00(200m)(200m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1.61 B
Depreciation & Amortization 650 M
Capital Expenditures -834 M
Stock-Based Compensation 37.4 M
Change in Working Capital 0
Others -206 M
Free Cash Flow 1.27 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Western Midstream Partners, LP
image
Wall Street analysts predict an average 1-year price target for WES of $39 , with forecasts ranging from a low of $35 to a high of $42 .
WES Lowest Price Target Wall Street Target
35 USD -1.21%
WES Average Price Target Wall Street Target
39 USD 10.08%
WES Highest Price Target Wall Street Target
42 USD 18.54%
Price
Max Price Target
Min Price Target
Average Price Target
4242404038383636343432323030May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.875 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
3.500003.500003.000003.000002.500002.500002.000002.000001.500001.500001.000001.000000.500000.500000.000000.000000.31250.403750.46250.548750.60250.6220.3110.3270.50.5750.8750.34250.423750.491250.568750.610.3110.3150.50.8560.8750.363750.433750.52750.58250.6180.3110.3190.50.56250.8750.381251.400.44751.710.53752.020.5952.300.622.450.3111.560.3231.270.51.830.5752.490.8753.200.882015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
Download SVG
Download PNG
Download CSV
5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Western Midstream Partners, LP
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
697 M USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
50.4 K USD 1
9-12 MONTHS
7. News
Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 8% Dividend Yields During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. benzinga.com - 2 weeks ago
Western Midstream (WES) Laps the Stock Market: Here's Why Western Midstream (WES) closed the most recent trading day at $41.61, moving +1.41% from the previous trading session. zacks.com - 2 weeks ago
3 Pipeline Stocks to Buy With $1,000 and Hold Forever If you're looking for stocks with consistent, predictable business models that pay attractive distributions and have robust yields, the pipeline sector is one of the best places to look. The sector as a whole is inexpensive versus historical levels, while the current environment is one of the best these stocks have seen in many years. fool.com - 2 weeks ago
Western Midstream (WES) Up 2.8% Since Last Earnings Report: Can It Continue? Western Midstream (WES) reported earnings 30 days ago. What's next for the stock? zacks.com - 3 weeks ago
Western Midstream Can Continue To Afford Its Leading Dividend Western Midstream, valued at over $15 billion, has shown strong performance with growing volumes and cash flow, making it a valuable investment. Occidental Petroleum owns nearly 45% of Western Midstream, which poses a risk due to its potential influence on public unitholders. In 2024, Western Midstream achieved double-digit growth in natural gas and produced water throughput, boosting adjusted EBITDA by 13% to $2.34 billion. seekingalpha.com - 3 weeks ago
Western Midstream (WES) Increases Yet Falls Behind Market: What Investors Need to Know In the closing of the recent trading day, Western Midstream (WES) stood at $41.37, denoting a +0.24% change from the preceding trading day. zacks.com - 3 weeks ago
Western Midstream (WES) Advances While Market Declines: Some Information for Investors The latest trading day saw Western Midstream (WES) settling at $41.85, representing a +0.02% change from its previous close. zacks.com - 1 month ago
Passive Income Lovers: 3 Ultra-High Yielding Dividend Stocks To Buy Now Market uncertainty and volatility have knocked down most growth bets. 247wallst.com - 1 month ago
Western Midstream: Recession-Resistant Growth And Income Idea Western Midstream's debt levels are now aligned with management's guidance. The debt has achieved investment grade rating. The company offers a compelling growth and income opportunity. Western Midstream provides an attractive return with significant downside protection through take-or-pay contracts. seekingalpha.com - 1 month ago
1 BDC And 1 MLP For 9% Non-Cyclical Retirement Income The recent events in the market have made risk mitigation a relevant topic once again. This is especially important for investors, who want to maximize yield, while keeping the risks balanced (and income cut distant). In this article I have shared two picks, which offer close to 9% yields and the necessary fundamentals to deliver non-cyclical (de-risked) distributions. seekingalpha.com - 1 month ago
Western Midstream Partners: A Dividend-Paying Machine In A Time Of High Volatility Western Midstream Partners has shown steady growth and is a strong dividend-paying company, making it an attractive investment for stability in a volatile environment. The company operates primarily in Texas, Colorado, and Wyoming, with significant infrastructure for transporting oil, gas, and water, showing remarkable revenue and EBITDA growth. Despite some debt concerns, WES has significantly reduced its leverage ratio and plans to continue expanding, pursuing M&A projects, and increasing dividends. seekingalpha.com - 1 month ago
2 Cash Cows For A Safer Retirement Income Essential infrastructure assets generate consistent revenues, regardless of economic cycles. Midstream assets are like toll roads and bridges: essential assets with inflation-protected, resilient cash flows and steady demand. We discuss two midstream MLPs with growing distributions; Yields of up to 8.5%. seekingalpha.com - 1 month ago
8. Profile Summary

Western Midstream Partners, LP WES

image
COUNTRY US
INDUSTRY Oil & Gas Midstream
MARKET CAP $ 13.5 B
Dividend Yield 0.00%
Description 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.
Contact 9950 Woodloch Forest Drive, The Woodlands, TX, 77380 https://www.westernmidstream.com
IPO Date Dec. 10, 2012
Employees 1511
Officers Mr. Oscar K. Brown President, Chief Executive Officer & Director - Western Midstream Holdings LLC Ms. Kristen S. Shults CPA Senior Vice President & Chief Financial Officer - Western Midstream Holdings LLC Ms. Crystal J. Sled Chief Human Resources Officer & Senior Vice President Mr. Christopher B. Dial J.D. Senior Vice President, General Counsel & Corporate Secretary of Western Midstream Holdings, LLC Ms. Catherine A. Green Senior Vice President & Chief Accounting Officer of Western Midstream Holdings, LLC Mr. Daniel P. Holderman Senior Vice President & Chief Operating Officer of Western Midstream Holdings, LLC Mr. Jonathan A. Greenberg Vice President, Head of Corporate Development & New Business Ventures Mr. Jonathon E. VandenBrand Senior Vice President of Commercial Mr. Keith Herndon Vice President & Chief Information Officer Mr. Daniel Edwards Jenkins IV Director of Investor Relations - Western Midstream Holdings LLC