Western Midstream Partners, LP WES
39.85 USD -2.69 (-6.32%)
At closeNov 6, 2026, 8:54 AM EST
39.89 +0.04 +0.09%
Pre-market · Nov 6, 8:54 AM ET
39.75 Day range 42.68
37.75 52-week range 50.07
- YTD
- +0.89%
- 1 year
- +4.18%
- Market cap
- 16.47B
- Revenue (ttm)
- 4.33B
- Profit margin
- 29.00%
- EPS (ttm)
- 3.07
- Shares out
- 413.17M
- P/E ratio
- 12.98
- Forward P/E
- 11.04
- Dividend
- 3.72 (8.48%)
- Ex-dividend date
- Nov 1, 2026
- YTD return
- +0.89%
- 1-year return
- +4.18%
- Volume
- 4.84M
- Avg volume
- 1.10M
- Open
- 42.60
- Previous close
- 42.54
- Day's range
- 39.75 – 42.68
- 52-week range
- 37.75 – 50.07
- Beta
- 0.71
- Analysts
- Buy
- Price target
- 49.54 (+24.3%)
- Earnings date
- Feb 17, 2027
5D -5.74 (-12.57%)
Key statistics
- Enterprise value
- 27.30B
- PEG ratio
- 0.00
- Price / sales
- 4.05
- Price / book
- 4.13
- Dividend yield
- 8.48%
- Payout ratio
- 115.82%
- Revenue growth
- 30.00%
- Free cash flow
- 866.98M
- Total cash
- 104.77M
- Total debt
- 9.13B
- Return on equity
- 34.11%
- Short % of float
- 2.44%
- 50-day average
- 46.29
- 200-day average
- 44.17
Analyst view
Consensus: buy
Buy
Price target (mean) 49.54 +24.3% upside
Now 39.85
- Target (low)
- 41.00
- Target (mean)
- 49.54
- Target (high)
- 59.00
Ratings (0m) 15 5 buy · 9 hold · 1 sell
- Strong buy0
- Buy5
- Hold9
- Sell0
- Strong sell1
Next earnings
Feb 17, 2027
Expected Feb 17, 2027. Consensus EPS estimate 0.91654.
Financials — quick view
WES Revenue — quarterly 1.22B
WES Net income — quarterly 403.55M
WES EPS — quarterly 0.99
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Feb 17, 2027 | Dec 30, 2026 | 0.92 | — | — | — |
| Nov 4, 2026 | Sep 30, 2026 | 0.916 | 0.78 | -0.14 | -14.85% |
| Aug 5, 2026 | Jun 30, 2026 | 0.907 | 0.99 | +0.08 | +9.15% |
| May 6, 2026 | Mar 31, 2026 | 0.742 | 0.85 | +0.11 | +14.56% |
| Feb 18, 2026 | Dec 31, 2025 | 0.845 | 0.47 | -0.37 | -44.38% |
| Nov 4, 2025 | Sep 30, 2025 | 0.88 | 0.87 | -0.01 | -1.14% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 21, 2026 | Morgan Stanley | main | Equal-Weight | Equal-Weight |
| Sep 17, 2026 | Truist Securities | init | — | Buy |
| Aug 24, 2026 | RBC Capital | main | Sector Perform | Sector Perform |
| Aug 18, 2026 | Morgan Stanley | main | Equal-Weight | Equal-Weight |
| Aug 11, 2026 | Citigroup | main | Neutral | Neutral |
| Aug 10, 2026 | Wells Fargo | main | Equal-Weight | Equal-Weight |
About Western Midstream Partners, LP
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company 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 of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. 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.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Country
- United States
- Website
- westernmidstream.com
News
Western Midstream Partners, LP Common Units (WES) Q3 2026 Earnings Call Transcript 
Western Midstream (WES) Reports Q3 Earnings: What Key Metrics Have to Say 
Western Midstream: The Valuation Hasn't Peaked 
Western Midstream Q3 EPS $0.78 Misses $0.92 Estimate, Sales $1.194B Miss $1.211B Estimate 
Western Midstream Announces Third-Quarter 2026 Results 
Hard To Imagine A Retirement Portfolio Without These 2 Dividend Machines 
Gear Up for Western Midstream (WES) Q3 Earnings: Wall Street Estimates for Key Metrics 
Morgan Stanley Maintains Equal-Weight on Western Midstream, Lowers Price Target to $52 - Truist Securities Initiates Coverage On Western Midstream with Buy Rating, Announces Price Target of $55
RBC Capital Maintains Sector Perform on Western Midstream, Raises Price Target to $47
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BOURNE ROBERT W | Officer | Conversion of Exercise of derivative security | Feb 11, 2025 | 149,715 |
| BROWN OSCAR K | Chief Executive Officer | Conversion of Exercise of derivative security | Feb 11, 2026 | 85,440 |
| DIAL CHRISTOPHER B | General Counsel | Sale | Feb 11, 2026 | 225,015 |
| FORSYTH MICHAEL S. | Officer | Conversion of Exercise of derivative security | Feb 11, 2025 | 42,327 |
| GREEN CATHERINE A. | Officer | Conversion of Exercise of derivative security | Feb 11, 2026 | 115,036 |
| HOLDERMAN DANIEL P | Chief Operating Officer | Conversion of Exercise of derivative security | Feb 11, 2026 | 91,384 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Alps Advisors Inc. | 9.04% | 37,364,470 | 1.59B | Sep 29, 2026 |
| Invesco Ltd. | 5.84% | 24,122,314 | 1.03B | Jun 29, 2026 |
| Morgan Stanley | 5.14% | 21,230,903 | 902.53M | Jun 29, 2026 |
| Blackstone Inc | 2.51% | 10,367,520 | 440.72M | Jun 29, 2026 |
| Mirae Asset Global ETFs Holdings Ltd. | 2.09% | 8,637,568 | 367.18M | Jun 29, 2026 |
| Goldman Sachs Group Inc | 2.06% | 8,527,559 | 362.51M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| ALPS ETF TRUST-ALERIAN MLP ETF | 8.97% | 37,048,068 | 1.57B | Aug 30, 2026 |
| AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. | 3.82% | 15,773,546 | 670.53M | Aug 30, 2026 |
| GLOBAL X FUNDS-Global X MLP ETF | 1.26% | 5,188,246 | 220.55M | Sep 29, 2026 |
| AIM Investment Fd.s -Invesco SteelPath MLP Select 40 Fd. | 1.00% | 4,111,682 | 174.79M | Aug 30, 2026 |
| Kayne Anderson Energy Infrastructure Fund, Inc. | 0.79% | 3,248,317 | 138.09M | Aug 30, 2026 |
| GOLDMAN SACHS TRUST-Goldman Sachs MLP Energy Infrastructure Fund | 0.78% | 3,217,099 | 136.76M | Aug 30, 2026 |