WESTERN MIDSTREAM PARTNERS L (WES) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:WES - US9586691035
41.595 USD
-0.63 (-1.5%)
Taking everything into account, WES scores 6 out of 10 in our fundamental rating. WES was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. WES scores excellent on profitability, but there are some minor concerns on its financial health. WES has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- WES had positive earnings in the past year.
- In the past year WES had a positive cash flow from operations.
- Each year in the past 5 years WES has been profitable.
- WES had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- WES has a Return On Assets of 10.67%. This is amongst the best in the industry. WES outperforms 90.38% of its industry peers.
- Looking at the Return On Equity, with a value of 40.64%, WES belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 11.36%, WES belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for WES is significantly below the industry average of 21.83%.
- The last Return On Invested Capital (11.36%) for WES is above the 3 year average (9.49%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.67% | ||
| ROE | 40.64% | ||
| ROIC | 11.36% |
ROA(3y)10.08%
ROA(5y)8.51%
ROE(3y)40.66%
ROE(5y)34.2%
ROIC(3y)9.49%
ROIC(5y)9.22%
1.3 Margins
- The Profit Margin of WES (34.57%) is better than 91.35% of its industry peers.
- In the last couple of years the Profit Margin of WES has grown nicely.
- The Operating Margin of WES (44.17%) is better than 89.42% of its industry peers.
- In the last couple of years the Operating Margin of WES has grown nicely.
- The Gross Margin of WES (95.33%) is better than 98.56% of its industry peers.
- In the last couple of years the Gross Margin of WES has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.17% | ||
| PM (TTM) | 34.57% | ||
| GM | 95.33% |
OM growth 3Y2.49%
OM growth 5Y3.58%
PM growth 3Y11.02%
PM growth 5Y12.07%
GM growth 3Y2.36%
GM growth 5Y2.58%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WES is creating some value.
- The number of shares outstanding for WES remains at a similar level compared to 1 year ago.
- The number of shares outstanding for WES has been reduced compared to 5 years ago.
- The debt/assets ratio for WES has been reduced compared to a year ago.
2.2 Solvency
- WES has a debt to FCF ratio of 4.70. This is a neutral value as WES would need 4.70 years to pay back of all of its debts.
- WES has a better Debt to FCF ratio (4.70) than 65.87% of its industry peers.
- WES has a Debt/Equity ratio of 2.18. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 2.18, WES is doing worse than 81.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.18 | ||
| Debt/FCF | 4.7 | ||
| Altman-Z | N/A |
ROIC/WACC1.46
WACC7.78%
2.3 Liquidity
- WES has a Current Ratio of 1.43. This is a normal value and indicates that WES is financially healthy and should not expect problems in meeting its short term obligations.
- WES's Current ratio of 1.43 is fine compared to the rest of the industry. WES outperforms 64.42% of its industry peers.
- WES has a Quick Ratio of 1.41. 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 better Quick ratio (1.41) than 70.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.41 |
3. Growth
3.1 Past
- The earnings per share for WES have decreased strongly by -13.78% in the last year.
- The Earnings Per Share has been growing by 20.90% on average over the past years. This is a very strong growth
- The Revenue has been growing slightly by 5.81% in the past year.
- WES shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.59% yearly.
EPS 1Y (TTM)-13.78%
EPS 3Y22.73%
EPS 5Y20.9%
EPS Q2Q%17.57%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y7.81%
Revenue growth 5Y5.59%
Sales Q2Q%7.82%
3.2 Future
- The Earnings Per Share is expected to grow by 0.16% on average over the next years.
- The Revenue is expected to grow by 5.60% on average over the next years.
EPS Next Y-12.17%
EPS Next 2Y-3.58%
EPS Next 3Y0.16%
EPS Next 5YN/A
Revenue Next Year5.11%
Revenue Next 2Y6.03%
Revenue Next 3Y6.91%
Revenue Next 5Y5.6%
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 decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 12.31, the valuation of WES can be described as correct.
- WES's Price/Earnings ratio is a bit cheaper when compared to the industry. WES is cheaper than 68.27% of the companies in the same industry.
- When comparing the Price/Earnings ratio of WES to the average of the S&P500 Index (27.33), we can say WES is valued rather cheaply.
- The Price/Forward Earnings ratio is 11.10, which indicates a very decent valuation of WES.
- 70.19% of the companies in the same industry are more expensive than WES, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of WES to the average of the S&P500 Index (24.12), we can say WES is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.31 | ||
| Fwd PE | 11.1 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as WES.
- WES's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. WES is cheaper than 72.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.51 | ||
| EV/EBITDA | 10.31 |
4.3 Compensation for Growth
- WES has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.59
EPS Next 2Y-3.58%
EPS Next 3Y0.16%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 9.01%, WES is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 3.91, WES pays a better dividend. On top of this WES pays more dividend than 87.02% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.91, WES pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.01% |
5.2 History
- The dividend of WES has a limited annual growth rate of 2.35%.
- WES has paid a dividend for at least 10 years, which is a reliable track record.
- WES has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.35%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- 107.67% of the earnings are spent on dividend by WES. 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.
DP107.67%
EPS Next 2Y-3.58%
EPS Next 3Y0.16%
NYSE:WES (1/15/2026, 2:02:46 PM)
41.595
-0.63 (-1.5%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-04 2025-11-04/amc
Earnings (Next)02-24 2026-02-24/amc
Inst Owners37.42%
Inst Owner Change0.12%
Ins Owners0.18%
Ins Owner Change1.28%
Market Cap16.97B
Revenue(TTM)3.74B
Net Income(TTM)1.29B
Analysts65.56
Price Target42.59 (2.39%)
Short Float %1.25%
Short Ratio3.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.01% |
Yearly Dividend3.28
Dividend Growth(5Y)2.35%
DP107.67%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.79%
Min EPS beat(2)-2.42%
Max EPS beat(2)4%
EPS beat(4)1
Avg EPS beat(4)-1.37%
Min EPS beat(4)-6.21%
Max EPS beat(4)4%
EPS beat(8)3
Avg EPS beat(8)8.47%
EPS beat(12)5
Avg EPS beat(12)5.89%
EPS beat(16)6
Avg EPS beat(16)3.83%
Revenue beat(2)0
Avg Revenue beat(2)-1.34%
Min Revenue beat(2)-2.17%
Max Revenue beat(2)-0.5%
Revenue beat(4)0
Avg Revenue beat(4)-1.75%
Min Revenue beat(4)-3.05%
Max Revenue beat(4)-0.5%
Revenue beat(8)1
Avg Revenue beat(8)-2.03%
Revenue beat(12)1
Avg Revenue beat(12)-3.79%
Revenue beat(16)3
Avg Revenue beat(16)-2.95%
PT rev (1m)0%
PT rev (3m)3.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.18%
EPS NY rev (1m)0%
EPS NY rev (3m)2.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.31 | ||
| Fwd PE | 11.1 | ||
| P/S | 4.54 | ||
| P/FCF | 11.51 | ||
| P/OCF | 7.65 | ||
| P/B | 5.33 | ||
| P/tB | 6.65 | ||
| EV/EBITDA | 10.31 |
EPS(TTM)3.38
EY8.13%
EPS(NY)3.75
Fwd EY9.01%
FCF(TTM)3.61
FCFY8.69%
OCF(TTM)5.44
OCFY13.08%
SpS9.17
BVpS7.8
TBVpS6.25
PEG (NY)N/A
PEG (5Y)0.59
Graham Number24.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.67% | ||
| ROE | 40.64% | ||
| ROCE | 14.38% | ||
| ROIC | 11.36% | ||
| ROICexc | 11.54% | ||
| ROICexgc | 12.22% | ||
| OM | 44.17% | ||
| PM (TTM) | 34.57% | ||
| GM | 95.33% | ||
| FCFM | 39.43% |
ROA(3y)10.08%
ROA(5y)8.51%
ROE(3y)40.66%
ROE(5y)34.2%
ROIC(3y)9.49%
ROIC(5y)9.22%
ROICexc(3y)9.97%
ROICexc(5y)9.61%
ROICexgc(3y)10.63%
ROICexgc(5y)10.29%
ROCE(3y)12.66%
ROCE(5y)12.26%
ROICexgc growth 3Y6.85%
ROICexgc growth 5Y8.96%
ROICexc growth 3Y7.4%
ROICexc growth 5Y10.13%
OM growth 3Y2.49%
OM growth 5Y3.58%
PM growth 3Y11.02%
PM growth 5Y12.07%
GM growth 3Y2.36%
GM growth 5Y2.58%
F-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.18 | ||
| Debt/FCF | 4.7 | ||
| Debt/EBITDA | 2.97 | ||
| Cap/Depr | 110.16% | ||
| Cap/Sales | 19.91% | ||
| Interest Coverage | 4.44 | ||
| Cash Conversion | 95.34% | ||
| Profit Quality | 114.05% | ||
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.41 | ||
| Altman-Z | N/A |
F-Score6
WACC7.78%
ROIC/WACC1.46
Cap/Depr(3y)111.42%
Cap/Depr(5y)95.45%
Cap/Sales(3y)20.59%
Cap/Sales(5y)17.59%
Profit Quality(3y)93.2%
Profit Quality(5y)135.41%
High Growth Momentum
Growth
EPS 1Y (TTM)-13.78%
EPS 3Y22.73%
EPS 5Y20.9%
EPS Q2Q%17.57%
EPS Next Y-12.17%
EPS Next 2Y-3.58%
EPS Next 3Y0.16%
EPS Next 5YN/A
Revenue 1Y (TTM)5.81%
Revenue growth 3Y7.81%
Revenue growth 5Y5.59%
Sales Q2Q%7.82%
Revenue Next Year5.11%
Revenue Next 2Y6.03%
Revenue Next 3Y6.91%
Revenue Next 5Y5.6%
EBIT growth 1Y7.99%
EBIT growth 3Y10.5%
EBIT growth 5Y9.38%
EBIT Next Year42.86%
EBIT Next 3Y18.48%
EBIT Next 5Y12.27%
FCF growth 1Y48.23%
FCF growth 3Y-3.57%
FCF growth 5Y57.3%
OCF growth 1Y32.33%
OCF growth 3Y6.54%
OCF growth 5Y10.05%
WESTERN MIDSTREAM PARTNERS L / WES FAQ
What is the fundamental rating for WES stock?
ChartMill assigns a fundamental rating of 6 / 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.
How profitable is WESTERN MIDSTREAM PARTNERS L (WES) stock?
WESTERN MIDSTREAM PARTNERS L (WES) has a profitability rating of 9 / 10.
Can you provide the PE and PB ratios for WES stock?
The Price/Earnings (PE) ratio for WESTERN MIDSTREAM PARTNERS L (WES) is 12.31 and the Price/Book (PB) ratio is 5.33.
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.