WESTERN MIDSTREAM PARTNERS L (WES) Stock Fundamental Analysis

NYSE:WES • US9586691035

43.654 USD
+0.22 (+0.52%)
Last: Feb 17, 2026, 01:11 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to WES. WES was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. While WES belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. WES has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • WES had positive earnings in the past year.
  • WES had a positive operating cash flow in the past year.
  • WES had positive earnings in each of the past 5 years.
  • WES had a positive operating cash flow in each of the past 5 years.
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 0 500M -500M 1B 1.5B 2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 10.67%, WES belongs to the top of the industry, outperforming 90.29% of the companies in the same industry.
  • WES has a better Return On Equity (40.64%) than 93.69% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 11.36%, WES belongs to the top of the industry, outperforming 87.38% 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 22.00%.
  • The 3 year average ROIC (9.49%) for WES is below the current ROIC(11.36%), indicating increased profibility in the last year.
Industry RankSector 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%
WES Yearly ROA, ROE, ROICWES Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • WES's Profit Margin of 34.57% is amongst the best of the industry. WES outperforms 90.78% of its industry peers.
  • WES's Profit Margin has improved in the last couple of years.
  • WES has a better Operating Margin (44.17%) than 89.32% of its industry peers.
  • In the last couple of years the Operating Margin of WES has grown nicely.
  • WES has a Gross Margin of 95.33%. This is amongst the best in the industry. WES outperforms 98.54% of its industry peers.
  • WES's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
WES Yearly Profit, Operating, Gross MarginsWES Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • WES has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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.
  • Compared to 1 year ago, WES has an improved debt to assets ratio.
WES Yearly Shares OutstandingWES Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B 8B 10B

2.2 Solvency

  • The Debt to FCF ratio of WES is 4.70, which is a neutral value as it means it would take WES, 4.70 years of fcf income to pay off all of its debts.
  • WES has a better Debt to FCF ratio (4.70) than 66.99% of its industry peers.
  • A Debt/Equity ratio of 2.18 is on the high side and indicates that WES has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.18, WES is not doing good in the industry: 82.04% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF 4.7
Altman-Z N/A
ROIC/WACC1.59
WACC7.14%
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 0 2B 4B 6B

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 has a Current ratio of 1.43. This is in the better half of the industry: WES outperforms 62.62% of its industry peers.
  • A Quick Ratio of 1.41 indicates that WES should not have too much problems paying its short term obligations.
  • The Quick ratio of WES (1.41) is better than 68.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.43
Quick Ratio 1.41
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 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. Growth

3.1 Past

  • The earnings per share for WES have decreased strongly by -13.78% in the last year.
  • Measured over the past years, WES shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.90% on average per year.
  • Looking at the last year, WES shows a small growth in Revenue. The Revenue has grown by 5.81% in the last year.
  • Measured over the past years, WES shows a small growth in Revenue. The Revenue has been growing by 5.59% on average per year.
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

  • WES is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.10% yearly.
  • WES is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.60% yearly.
EPS Next Y-13.79%
EPS Next 2Y-4.27%
EPS Next 3Y-0.1%
EPS Next 5YN/A
Revenue Next Year5.08%
Revenue Next 2Y5.92%
Revenue Next 3Y6.85%
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.
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 1 2 3 4

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.92, the valuation of WES can be described as correct.
  • Based on the Price/Earnings ratio, WES is valued a bit cheaper than the industry average as 70.87% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.19, WES is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 11.82, the valuation of WES can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WES indicates a somewhat cheap valuation: WES is cheaper than 75.73% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, WES is valued rather cheaply.
Industry RankSector Rank
PE 12.92
Fwd PE 11.82
WES Price Earnings VS Forward Price EarningsWES Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as WES.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WES indicates a somewhat cheap valuation: WES is cheaper than 75.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.35
EV/EBITDA 10.69
WES Per share dataWES EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The excellent profitability rating of WES may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.62
EPS Next 2Y-4.27%
EPS Next 3Y-0.1%

More info and screens

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.85%, WES is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.57, WES pays a better dividend. On top of this WES pays more dividend than 90.29% of the companies listed in the same industry.
  • WES's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 8.85%

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
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

  • 107.67% of the earnings are spent on dividend by WES. This is not a sustainable payout ratio.
  • The Dividend Rate of WES has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP107.67%
EPS Next 2Y-4.27%
EPS Next 3Y-0.1%
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 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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WESTERN MIDSTREAM PARTNERS L

NYSE:WES (2/17/2026, 1:11:58 PM)

43.654

+0.22 (+0.52%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-04
Earnings (Next)02-18
Inst Owners37.42%
Inst Owner Change7.83%
Ins Owners0.18%
Ins Owner Change9.75%
Market Cap18.21B
Revenue(TTM)3.74B
Net Income(TTM)1.29B
Analysts65.56
Price Target42.5 (-2.64%)
Short Float %2.17%
Short Ratio4.74
Dividend
Industry RankSector Rank
Dividend Yield 8.85%
Yearly Dividend3.28
Dividend Growth(5Y)2.35%
DP107.67%
Div Incr Years3
Div Non Decr Years3
Ex-Date02-02
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)-0.2%
PT rev (3m)2.46%
EPS NQ rev (1m)-11.04%
EPS NQ rev (3m)-6.48%
EPS NY rev (1m)-1.84%
EPS NY rev (3m)-0.14%
Revenue NQ rev (1m)-0.19%
Revenue NQ rev (3m)3%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)1.22%
Valuation
Industry RankSector Rank
PE 12.92
Fwd PE 11.82
P/S 4.87
P/FCF 12.35
P/OCF 8.21
P/B 5.72
P/tB 7.14
EV/EBITDA 10.69
EPS(TTM)3.38
EY7.74%
EPS(NY)3.69
Fwd EY8.46%
FCF(TTM)3.54
FCFY8.1%
OCF(TTM)5.32
OCFY12.19%
SpS8.97
BVpS7.63
TBVpS6.12
PEG (NY)N/A
PEG (5Y)0.62
Graham Number24.08
Profitability
Industry RankSector 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 RankSector 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
WACC7.14%
ROIC/WACC1.59
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-13.79%
EPS Next 2Y-4.27%
EPS Next 3Y-0.1%
EPS Next 5YN/A
Revenue 1Y (TTM)5.81%
Revenue growth 3Y7.81%
Revenue growth 5Y5.59%
Sales Q2Q%7.82%
Revenue Next Year5.08%
Revenue Next 2Y5.92%
Revenue Next 3Y6.85%
Revenue Next 5Y5.6%
EBIT growth 1Y7.99%
EBIT growth 3Y10.5%
EBIT growth 5Y9.38%
EBIT Next Year42.74%
EBIT Next 3Y18.41%
EBIT Next 5Y12.48%
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 12.92 and the Price/Book (PB) ratio is 5.72.


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.