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WES

Western Midstream Partners, LP

Energy · USD

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Price alert · WES

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46.39 USD +0.57 +1.24%
As of Oct 30, 2026 Extended hours 46.81 +0.90%
Bid
46.22 × 200
Ask
46.41 × 100
45.75 Day range 46.47
37.34 52-week range 49.80
YTD
+17.44%
1 year
+20.56%
Open
46.00
Prev close
45.82
Mkt cap
19.17B
Vol
1.95M
Avg vol
960.86K
EPS
3.16
P/E
14.68
Div yield
8.12%
More statistics
Low
45.75
High
46.47
Forward P/E
12.05
Beta
0.71
Short ratio
6.50
Inst. own
43.85%
Dividend
3.72
Ex-div date
Nov 1, 2026
Earnings
Nov 4, 2026
50-d avg
46.51
200-d avg
44.13
1y target
49.54

MAX chart

Chart tools
Interval
WES all-time price chart2.9018.734.650.466.2Jan 13Oct 15Jul 18May 21Feb 24Oct 26

Key statistics

Market cap
19.17B
Enterprise value
28.10B
Trailing P/E
14.68
Forward P/E
12.05
PEG ratio
0.00
Price / sales
4.42
Price / book
4.51
EPS (TTM)
3.16
Beta
0.71
Dividend yield
8.12%
Payout ratio
115.82%
Profit margin
29.00%
Revenue (TTM)
4.33B
Revenue growth
30.00%
Free cash flow
866.98M
Total cash
104.77M
Total debt
9.13B
Return on equity
34.11%
Shares outstanding
413.17M
Short % of float
2.44%
50-day average
46.51
200-day average
44.13

Analyst view

Consensus: buy

Buy
Price target (mean) 49.54 +6.8% upside
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

Nov 4, 2026

Expected Nov 4, 2026. Consensus EPS estimate 0.91654.

Earnings history

Financials — quick view

All financials
WES Revenue — quarterly 1.22B
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
WES Net income — quarterly 403.55M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
WES EPS — quarterly 0.99
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

WES recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Nov 4, 2026Sep 30, 20260.916———
Aug 5, 2026Jun 30, 20260.9070.99+0.08+9.15%
May 6, 2026Mar 31, 20260.7420.85+0.11+14.56%
Feb 18, 2026Dec 31, 20250.8450.47-0.37-44.38%
Nov 4, 2025Sep 30, 20250.880.87-0.01-1.14%
Aug 6, 2025Jun 30, 20250.8290.87+0.04+4.95%

Upgrades / downgrades

WES analyst upgrades and downgrades
DateFirmActionFromTo
Oct 21, 2026Morgan StanleymainEqual-WeightEqual-Weight
Sep 17, 2026Truist Securitiesinit—Buy
Aug 24, 2026RBC CapitalmainSector PerformSector Perform
Aug 18, 2026Morgan StanleymainEqual-WeightEqual-Weight
Aug 11, 2026CitigroupmainNeutralNeutral
Aug 10, 2026Wells FargomainEqual-WeightEqual-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

News

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Insider holders

WES insider holders
InsiderRelationLatest transactionDateShares held
BOURNE ROBERT WOfficerConversion of Exercise of derivative securityFeb 11, 2025149,715
BROWN OSCAR KChief Executive OfficerConversion of Exercise of derivative securityFeb 11, 202685,440
DIAL CHRISTOPHER BGeneral CounselSaleFeb 11, 2026225,015
FORSYTH MICHAEL S.OfficerConversion of Exercise of derivative securityFeb 11, 202542,327
GREEN CATHERINE A.OfficerConversion of Exercise of derivative securityFeb 11, 2026115,036
HOLDERMAN DANIEL PChief Operating OfficerConversion of Exercise of derivative securityFeb 11, 202691,384

Institution ownership

WES institution ownership
Holder% heldSharesValueReported
Alps Advisors Inc.8.87%36,629,6001.70BJun 29, 2026
Invesco Ltd.5.84%24,122,3141.12BJun 29, 2026
Morgan Stanley5.14%21,230,903984.90MJun 29, 2026
Blackstone Inc2.51%10,367,520480.95MJun 29, 2026
Mirae Asset Global ETFs Holdings Ltd.2.09%8,637,568400.70MJun 29, 2026
Goldman Sachs Group Inc2.06%8,527,559395.59MJun 29, 2026

Fund ownership

WES fund ownership
Holder% heldSharesValueReported
ALPS ETF TRUST-ALERIAN MLP ETF8.97%37,048,0681.72BAug 30, 2026
AIM Investment Fd.s -Invesco SteelPath MLP Income Fd.3.84%15,873,546736.37MMay 30, 2026
GLOBAL X FUNDS-Global X MLP ETF1.26%5,188,246240.68MSep 29, 2026
AIM Investment Fd.s -Invesco SteelPath MLP Select 40 Fd.1.00%4,111,682190.74MMay 30, 2026
Kayne Anderson Energy Infrastructure Fund, Inc.0.79%3,248,317150.69MMay 30, 2026
GOLDMAN SACHS TRUST-Goldman Sachs MLP Energy Infrastructure Fund0.78%3,217,099149.24MAug 30, 2026
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