Western Midstream Partners, LP (WES)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 2,773 | 2,877 | 3,252 | 3,106 | 3,605 | 3,843 | 4,332 | 4,698 |
| Operating profit | $m | 1,586 | 1,719 | ||||||
| Net profit | $m | 527 | 916 | 1,217 | 1,022 | 1,574 | 1,170 | 1,265 | 1,501 |
| EPS reported | $ | 3.00 | 3.20 | ||||||
| Operating cashflow per share | $ | 5.48 | 5.40 | ||||||
| Capex per share | $ | 1.82 | 0.25 | ||||||
| FCF per share | $ | 3.66 | 5.65 | ||||||
| Free cash flow | $m | 1,465 | 2,249 | ||||||
| Net debt | $m | 7,987 | 8,933 | ||||||
| Book value equity | $m | 4,021 | 4,258 | ||||||
| Book value per share | $ | 9.99 | 10.66 | ||||||
| Number of shares | m | 402.46 | 399.38 | ||||||
| DPS (TTM paid) | $ | 3.61 | 3.68 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 13.17 | 14.25 | ||||||
| P/B LTM | x | 3.93 | 3.71 | ||||||
| P/S LTM | x | 4.12 | 3.65 | ||||||
| P/FCF LTM | x | 10.80 | 7.03 | ||||||
| EV/EBITDA LTM | x | 10.39 | 10.37 | ||||||
| EV/Sales LTM | x | 6.23 | 6.60 | ||||||
| Earnings Yield LTM | % | +7.59% | +7.02% | ||||||
| FCF Yield | % | +9.26% | +14.22% | ||||||
| Quality | |||||||||
| ROE | % | +29.09% | +34.12% | ||||||
| ROIC | % | +10.97% | +11.08% | ||||||
| Operating margin | % | +41.26% | +39.69% | ||||||
| Gross margin | % | +68.46% | +66.47% | ||||||
| FCF/Sales | % | +38.11% | +51.91% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -25.37% | -20.40% | ||||||
| Sales Growth YoY | % | +6.61% | +20.17% | ||||||
| Net Income Growth YoY | % | -25.67% | -19.62% | ||||||
| FCF Growth | % | +14.89% | +76.41% | ||||||
| Operating Profit Growth | % | -19.54% | -12.75% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +9.05% | +7.76% | ||||||
| Dividend Growth | % | +12.66% | +15.00% | ||||||
| Payout Ratio | % | +118.52% | +117.42% | ||||||
| FCF/Debt | x | 0.16 | 0.25 | ||||||
| Net Debt/EBITDA | x | 3.52 | 3.91 | ||||||
| EBIT/Net interest | x | 4.06 | 8.60 | ||||||
| Net debt/market cap | % | +55.67% | +46.22% | ||||||
| Net debt/Equity | x | 1.99 | 2.10 | ||||||
| Gross debt/equity | x | 2.22 | 2.14 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil, alongside the collection and disposal of water generated during production. Additionally, it engages in the buying and selling of natural gas, NGLs, and condensate. Western Midstream maintains operations in significant regions such as Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania. Western Midstream Holdings, LLC functions as its general partner. Formed in 2007, the company is headquartered in The Woodlands, Texas, and rebranded from Western Gas Equity Partners, LP to its current name in February 2019.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil, alongside the collection and disposal of water generated during production. Additionally, it engages in the buying and selling of natural gas, NGLs, and condensate. Western Midstream maintains operations in significant regions such as Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania. Western Midstream Holdings, LLC functions as its general partner. Formed in 2007, the company is headquartered in The Woodlands, Texas, and rebranded from Western Gas Equity Partners, LP to its current name in February 2019.
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