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Energy - Oil & Gas Midstream - NYSE - US
$ 38.94
-0.384 %
$ 14.8 B
Market Cap
11.66
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one WES stock under the worst case scenario is HIDDEN Compared to the current market price of 38.9 USD, Western Midstream Partners, LP is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one WES stock under the base case scenario is HIDDEN Compared to the current market price of 38.9 USD, Western Midstream Partners, LP is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one WES stock under the best case scenario is HIDDEN Compared to the current market price of 38.9 USD, Western Midstream Partners, LP is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart WES

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$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 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '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%
917 M REVENUE
-1.23%
410 M OPERATING INCOME
-3.74%
317 M NET INCOME
-2.85%
511 M OPERATING CASH FLOW
-2.82%
-141 M INVESTING CASH FLOW
38.87%
-1.01 B FINANCING CASH FLOW
-205.42%
Balance Sheet Western Midstream Partners, LP
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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
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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
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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
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Wall Street analysts predict an average 1-year price target for WES of $39.1 , with forecasts ranging from a low of $35 to a high of $42 .
WES Lowest Price Target Wall Street Target
35 USD -10.12%
WES Average Price Target Wall Street Target
39.1 USD 0.52%
WES Highest Price Target Wall Street Target
42 USD 7.86%
Price
Max Price Target
Min Price Target
Average Price Target
424241414040393938383737363635353434Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
2.23% DIVIDEND YIELD
0.91 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
3.500003.500003.000003.000002.500002.500002.000002.000001.500001.500001.000001.000000.500000.500000.000000.000000.31250.403750.46250.548750.60250.6220.3110.3270.50.5750.8750.34250.423750.491250.568750.610.3110.3150.50.8560.8750.910.363750.433750.52750.58250.6180.3110.3190.50.56250.8750.381251.400.44751.710.53752.020.5952.300.622.450.3111.560.3231.270.51.830.5752.490.8753.201.792015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 4
6. Ownership
Insider Ownership Western Midstream Partners, LP
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
697 M USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
My Top Near 10% Yield Pick For July 2025: Western Midstream 10% yields tend to be high risk, slow growth, or both. However, there is a 10% yield right now that is low risk and offers inflation-beating growth potential. I detail my top 10%-yielding pick of the moment. seekingalpha.com - 1 week ago
Why Western Midstream (WES) Outpaced the Stock Market Today In the latest trading session, Western Midstream (WES) closed at $39.09, marking a +1.32% move from the previous day. zacks.com - 1 week ago
Dividend Panic Coming? 3 Strong Buys Before The Crowd Wakes Up Markets have rallied hard, but with valuations stretched, I'm being more selective. Now's the time to focus on smart, income-generating moves. If we enter financial repression, quality dividend stocks could outperform. Their income and pricing power offer real protection and upside. That's why I'm doubling down on three Strong Buys that are undervalued, high-yield, and built for long-term income growth. The setup looks excellent. seekingalpha.com - 1 week ago
What Are the 5 Best Pipeline Stocks to Buy Right Now? The pipeline sector offers investors a nice mix of high yields, predictable cash flows, and solid growth. And with natural gas demand set to climb thanks to liquefied natural gas (LNG) exports and energy-hungry AI data centers, the midstream sector looks well positioned to deliver strong returns from here. fool.com - 2 weeks ago
WESTERN MIDSTREAM ANNOUNCES AVAILABILITY OF 2024 SCHEDULE K-3 HOUSTON , June 30, 2025 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that its 2024 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/westernmidstream. prnewswire.com - 2 weeks ago
Western Midstream (WES) Beats Stock Market Upswing: What Investors Need to Know Western Midstream (WES) reached $38.38 at the closing of the latest trading day, reflecting a +1.8% change compared to its last close. zacks.com - 2 weeks ago
I Am Loading Up Big Dividends For My Golden Years Don't bet on fads, invest in fundamentals for lasting, resilient income streams in any market. Your portfolio should be the fortress guarding your financial independence. We discuss our top energy infrastructure picks with yields of up to 9%. seekingalpha.com - 3 weeks ago
5 Safer Energy Yields (Up To 9.5%) Amid Middle East Turmoil Let's talk about energy dividends because, well, you know why. But let's not chase the headlines. forbes.com - 3 weeks ago
Western Midstream (WES) Advances While Market Declines: Some Information for Investors Western Midstream (WES) closed the most recent trading day at $38.55, moving +1.15% from the previous trading session. zacks.com - 3 weeks ago
Western Midstream: Impressive Value Proposition Western Midstream Partners offers solid distribution growth and expansion-focused investments. The company's capital budget prioritizes pipeline expansion, especially in the Delaware Basin, supporting long-term cash flow and distribution increases. WES trades at a discounted EV/EBITDA multiple versus rivals, presenting 20% upside potential as valuation normalizes and acquisitions continue. seekingalpha.com - 3 weeks ago
Here Are My Top 5 High-Yield Midstream Stocks to Buy Now For investors in search of high yields and growing distributions, there is no better part of the market to look at than the midstream energy sector. While the players in the industry do face the risks associated with slumping energy volumes and aren't completely immune to energy price downturns, they are generally in great financial shape at the moment and seeing increased growth opportunities. fool.com - 4 weeks ago
When Market Pain Means Income Investor Gain The current environment is uniquely challenging, with uncertainty persisting and no clear catalyst for a recovery. Growth is richly priced, and, in my view, an unattractive space. This makes value and income investor areas relatively more interesting. seekingalpha.com - 4 weeks ago
8. Profile Summary

Western Midstream Partners, LP WES

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COUNTRY US
INDUSTRY Oil & Gas Midstream
MARKET CAP $ 14.8 B
Dividend Yield 2.23%
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 Ms. Kristen S. Shults CPA Senior Vice President & Chief Financial Officer - Western Midstream Holdings LLC Mr. Daniel Edwards Jenkins IV Director of Investor Relations - Western Midstream Holdings LLC Mr. Oscar K. Brown President, Chief Executive Officer & Director - Western Midstream Holdings LLC Ms. Catherine A. Green Senior Vice President & Chief Accounting Officer of Western Midstream Holdings, LLC Ms. Crystal J. Sled Chief Human Resources Officer & Senior Vice President Mr. Jonathon E. VandenBrand Senior Vice President of Commercial Mr. Christopher B. Dial J.D. Senior Vice President, General Counsel & Corporate Secretary of Western Midstream Holdings, LLC Mr. Daniel P. Holderman Senior Vice President & Chief Operating Officer of Western Midstream Holdings, LLC Mr. Keith Herndon Vice President & Chief Information Officer Mr. Jonathan A. Greenberg Vice President, Head of Corporate Development & New Business Ventures