WESTERN MIDSTREAM PARTNERS L (WES) Fundamental Analysis & Valuation

NYSE:WES • US9586691035

Current stock price

41.42 USD
+0.13 (+0.31%)
At close:
41.065 USD
-0.36 (-0.86%)
After Hours:

This WES fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. WES Profitability Analysis

1.1 Basic Checks

  • WES had positive earnings in the past year.
  • WES had a positive operating cash flow in the past year.
  • In the past 5 years WES has always been profitable.
  • Each year in the past 5 years WES had a positive operating cash flow.
WES Yearly Net Income VS EBIT VS OCF VS FCFWES Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B 1.5B 2B

1.2 Ratios

  • The Return On Assets of WES (7.70%) is better than 79.43% of its industry peers.
  • WES has a Return On Equity of 28.71%. This is amongst the best in the industry. WES outperforms 91.87% of its industry peers.
  • WES's Return On Invested Capital of 9.54% is amongst the best of the industry. WES outperforms 83.73% of its industry peers.
  • WES had an Average Return On Invested Capital over the past 3 years of 9.38%. This is significantly below the industry average of 23.10%.
  • The last Return On Invested Capital (9.54%) for WES is above the 3 year average (9.38%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.7%
ROE 28.71%
ROIC 9.54%
ROA(3y)9.13%
ROA(5y)9.18%
ROE(3y)36.89%
ROE(5y)36.2%
ROIC(3y)9.38%
ROIC(5y)9.33%
WES Yearly ROA, ROE, ROICWES Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • WES has a better Profit Margin (30.04%) than 86.60% of its industry peers.
  • WES's Profit Margin has improved in the last couple of years.
  • WES has a Operating Margin of 43.24%. This is amongst the best in the industry. WES outperforms 89.00% of its industry peers.
  • WES's Operating Margin has been stable in the last couple of years.
  • WES has a better Gross Margin (94.61%) than 98.56% of its industry peers.
  • In the last couple of years the Gross Margin of WES has remained more or less at the same level.
Industry RankSector Rank
OM 43.24%
PM (TTM) 30.04%
GM 94.61%
OM growth 3Y2.1%
OM growth 5Y-1.43%
PM growth 3Y-6.36%
PM growth 5Y10.05%
GM growth 3Y2.81%
GM growth 5Y0.3%
WES Yearly Profit, Operating, Gross MarginsWES Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. WES Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WES is still creating some value.
  • The number of shares outstanding for WES has been increased compared to 1 year ago.
  • Compared to 5 years ago, WES has less shares outstanding
  • WES has a better debt/assets ratio than last year.
WES Yearly Shares OutstandingWES Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
WES Yearly Total Debt VS Total AssetsWES Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.2 Solvency

  • The Debt to FCF ratio of WES is 5.78, which is a neutral value as it means it would take WES, 5.78 years of fcf income to pay off all of its debts.
  • WES has a Debt to FCF ratio of 5.78. This is in the better half of the industry: WES outperforms 64.59% of its industry peers.
  • A Debt/Equity ratio of 2.04 is on the high side and indicates that WES has dependencies on debt financing.
  • WES has a worse Debt to Equity ratio (2.04) than 77.99% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.04
Debt/FCF 5.78
Altman-Z N/A
ROIC/WACC1.33
WACC7.17%
WES Yearly LT Debt VS Equity VS FCFWES Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 1.34 indicates that WES should not have too much problems paying its short term obligations.
  • WES has a better Current ratio (1.34) than 60.29% of its industry peers.
  • WES has a Quick Ratio of 1.33. This is a normal value and indicates that WES is financially healthy and should not expect problems in meeting its short term obligations.
  • WES has a Quick ratio of 1.33. This is in the better half of the industry: WES outperforms 65.55% of its industry peers.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 1.33
WES Yearly Current Assets VS Current LiabilitesWES Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. WES Growth Analysis

3.1 Past

  • WES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.56%.
  • WES shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.47% yearly.
  • Looking at the last year, WES shows a small growth in Revenue. The Revenue has grown by 6.61% in the last year.
  • Measured over the past years, WES shows a small growth in Revenue. The Revenue has been growing by 6.75% on average per year.
EPS 1Y (TTM)-25.56%
EPS 3Y0%
EPS 5Y3.47%
EPS Q2Q%-44.71%
Revenue 1Y (TTM)6.61%
Revenue growth 3Y5.73%
Revenue growth 5Y6.75%
Sales Q2Q%11.09%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.69% on average over the next years. This is quite good.
  • The Revenue is expected to decrease by -4.93% on average over the next years.
EPS Next Y10.69%
EPS Next 2Y11.18%
EPS Next 3Y12.69%
EPS Next 5YN/A
Revenue Next Year5.38%
Revenue Next 2Y6.03%
Revenue Next 3Y-4.93%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
WES Yearly Revenue VS EstimatesWES Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
WES Yearly EPS VS EstimatesWES Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

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Find the best growth stocksShow best growing peers

6

4. WES Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.81 indicates a correct valuation of WES.
  • WES's Price/Earnings ratio is a bit cheaper when compared to the industry. WES is cheaper than 74.16% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of WES to the average of the S&P500 Index (26.91), we can say WES is valued slightly cheaper.
  • WES is valuated correctly with a Price/Forward Earnings ratio of 12.47.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WES indicates a somewhat cheap valuation: WES is cheaper than 78.95% of the companies listed in the same industry.
  • WES is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.81
Fwd PE 12.47
WES Price Earnings VS Forward Price EarningsWES Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • WES's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WES indicates a rather cheap valuation: WES is cheaper than 81.34% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.91
EV/EBITDA 10.17
WES Per share dataWES EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • WES has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as WES's earnings are expected to grow with 12.69% in the coming years.
PEG (NY)1.29
PEG (5Y)3.98
EPS Next 2Y11.18%
EPS Next 3Y12.69%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. WES Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 8.71%, WES is a good candidate for dividend investing.
  • WES's Dividend Yield is rather good when compared to the industry average which is at 3.16. WES pays more dividend than 91.87% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, WES pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.71%

5.2 History

  • On average, the dividend of WES grows each year by 17.51%, which is quite nice.
  • WES has been paying a dividend for at least 10 years, so it has a reliable track record.
  • WES has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)17.51%
Div Incr Years4
Div Non Decr Years4
WES Yearly Dividends per shareWES Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • WES pays out 123.95% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of WES is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP123.95%
EPS Next 2Y11.18%
EPS Next 3Y12.69%
WES Yearly Income VS Free CF VS DividendWES Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B 1.5B
WES Dividend Payout.WES Dividend Payout, showing the Payout Ratio.WES Dividend Payout.PayoutRetained Earnings

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WES Fundamentals: All Metrics, Ratios and Statistics

WESTERN MIDSTREAM PARTNERS L

NYSE:WES (4/8/2026, 8:09:18 PM)

After market: 41.065 -0.36 (-0.86%)

41.42

+0.13 (+0.31%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners41.83%
Inst Owner Change0%
Ins Owners0.24%
Ins Owner Change9.79%
Market Cap16.31B
Revenue(TTM)3.84B
Net Income(TTM)1.15B
Analysts65.56
Price Target43.04 (3.91%)
Short Float %2.73%
Short Ratio4.38
Dividend
Industry RankSector Rank
Dividend Yield 8.71%
Yearly Dividend3.63
Dividend Growth(5Y)17.51%
DP123.95%
Div Incr Years4
Div Non Decr Years4
Ex-Date02-02
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-23.93%
Min EPS beat(2)-45.43%
Max EPS beat(2)-2.42%
EPS beat(4)1
Avg EPS beat(4)-12.52%
Min EPS beat(4)-45.43%
Max EPS beat(4)4%
EPS beat(8)3
Avg EPS beat(8)3.5%
EPS beat(12)4
Avg EPS beat(12)0.66%
EPS beat(16)6
Avg EPS beat(16)1.75%
Revenue beat(2)0
Avg Revenue beat(2)-2.61%
Min Revenue beat(2)-3.06%
Max Revenue beat(2)-2.17%
Revenue beat(4)0
Avg Revenue beat(4)-2.19%
Min Revenue beat(4)-3.06%
Max Revenue beat(4)-0.5%
Revenue beat(8)1
Avg Revenue beat(8)-2.2%
Revenue beat(12)1
Avg Revenue beat(12)-3.37%
Revenue beat(16)3
Avg Revenue beat(16)-2.67%
PT rev (1m)1.35%
PT rev (3m)1.08%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)-17.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.37%
Revenue NQ rev (1m)-1.03%
Revenue NQ rev (3m)-2.67%
Revenue NY rev (1m)0.34%
Revenue NY rev (3m)-1.53%
Valuation
Industry RankSector Rank
PE 13.81
Fwd PE 12.47
P/S 4.24
P/FCF 10.91
P/OCF 7.34
P/B 4.05
P/tB 5.92
EV/EBITDA 10.17
EPS(TTM)3
EY7.24%
EPS(NY)3.32
Fwd EY8.02%
FCF(TTM)3.8
FCFY9.17%
OCF(TTM)5.65
OCFY13.63%
SpS9.76
BVpS10.21
TBVpS7
PEG (NY)1.29
PEG (5Y)3.98
Graham Number26.26
Profitability
Industry RankSector Rank
ROA 7.7%
ROE 28.71%
ROCE 12.08%
ROIC 9.54%
ROICexc 10.14%
ROICexgc 11.25%
OM 43.24%
PM (TTM) 30.04%
GM 94.61%
FCFM 38.89%
ROA(3y)9.13%
ROA(5y)9.18%
ROE(3y)36.89%
ROE(5y)36.2%
ROIC(3y)9.38%
ROIC(5y)9.33%
ROICexc(3y)9.97%
ROICexc(5y)9.77%
ROICexgc(3y)10.74%
ROICexgc(5y)10.52%
ROCE(3y)12.44%
ROCE(5y)12.31%
ROICexgc growth 3Y1.04%
ROICexgc growth 5Y2.17%
ROICexc growth 3Y0.01%
ROICexc growth 5Y1.59%
OM growth 3Y2.1%
OM growth 5Y-1.43%
PM growth 3Y-6.36%
PM growth 5Y10.05%
GM growth 3Y2.81%
GM growth 5Y0.3%
F-Score4
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 2.04
Debt/FCF 5.78
Debt/EBITDA 3.45
Cap/Depr 102.42%
Cap/Sales 18.94%
Interest Coverage 4.36
Cash Conversion 93.67%
Profit Quality 129.46%
Current Ratio 1.34
Quick Ratio 1.33
Altman-Z N/A
F-Score4
WACC7.17%
ROIC/WACC1.33
Cap/Depr(3y)117.67%
Cap/Depr(5y)98.71%
Cap/Sales(3y)21.91%
Cap/Sales(5y)18.32%
Profit Quality(3y)102.33%
Profit Quality(5y)114.23%
High Growth Momentum
Growth
EPS 1Y (TTM)-25.56%
EPS 3Y0%
EPS 5Y3.47%
EPS Q2Q%-44.71%
EPS Next Y10.69%
EPS Next 2Y11.18%
EPS Next 3Y12.69%
EPS Next 5YN/A
Revenue 1Y (TTM)6.61%
Revenue growth 3Y5.73%
Revenue growth 5Y6.75%
Sales Q2Q%11.09%
Revenue Next Year5.38%
Revenue Next 2Y6.03%
Revenue Next 3Y-4.93%
Revenue Next 5YN/A
EBIT growth 1Y6.01%
EBIT growth 3Y7.95%
EBIT growth 5Y5.23%
EBIT Next Year48.25%
EBIT Next 3Y18.87%
EBIT Next 5Y12.77%
FCF growth 1Y14.71%
FCF growth 3Y7.17%
FCF growth 5Y4.24%
OCF growth 1Y4.01%
OCF growth 3Y9.32%
OCF growth 5Y6.3%

WESTERN MIDSTREAM PARTNERS L / WES Fundamental Analysis FAQ

What is the fundamental rating for WES stock?

ChartMill assigns a fundamental rating of 5 / 10 to WES.


What is the valuation status of WESTERN MIDSTREAM PARTNERS L (WES) stock?

ChartMill assigns a valuation rating of 6 / 10 to WESTERN MIDSTREAM PARTNERS L (WES). This can be considered as Fairly Valued.


Can you provide the profitability details for WESTERN MIDSTREAM PARTNERS L?

WESTERN MIDSTREAM PARTNERS L (WES) has a profitability rating of 8 / 10.


What is the financial health of WESTERN MIDSTREAM PARTNERS L (WES) stock?

The financial health rating of WESTERN MIDSTREAM PARTNERS L (WES) is 4 / 10.


Can you provide the dividend sustainability for WES stock?

The dividend rating of WESTERN MIDSTREAM PARTNERS L (WES) is 6 / 10 and the dividend payout ratio is 123.95%.