WESTERN MIDSTREAM PARTNERS L (WES) Stock Fundamental Analysis

NYSE:WES • US9586691035

40.98 USD
0 (0%)
Last: Feb 25, 2026, 04:23 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, WES scores 6 out of 10 in our fundamental rating. 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

8

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.
  • Each year in the past 5 years WES has 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

  • With an excellent Return On Assets value of 7.70%, WES belongs to the best of the industry, outperforming 80.58% of the companies in the same industry.
  • WES has a Return On Equity of 28.71%. This is amongst the best in the industry. WES outperforms 92.23% of its industry peers.
  • WES's Return On Invested Capital of 9.54% is amongst the best of the industry. WES outperforms 82.04% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for WES is significantly below the industry average of 21.96%.
  • 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

  • Looking at the Profit Margin, with a value of 30.04%, WES belongs to the top of the industry, outperforming 88.35% of the companies in the same industry.
  • WES's Profit Margin has improved in the last couple of years.
  • WES has a better Operating Margin (43.24%) than 88.35% of its industry peers.
  • In the last couple of years the Operating Margin of WES has remained more or less at the same level.
  • With an excellent Gross Margin value of 94.61%, WES belongs to the best of the industry, outperforming 98.54% of the companies in the same industry.
  • 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. Health

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.
  • WES has more shares outstanding than it did 1 year ago.
  • WES has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for WES has been reduced compared to a year ago.
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

  • WES has a debt to FCF ratio of 5.78. This is a neutral value as WES would need 5.78 years to pay back of all of its debts.
  • The Debt to FCF ratio of WES (5.78) is better than 62.62% 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.
  • The Debt to Equity ratio of WES (2.04) is worse than 79.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.04
Debt/FCF 5.78
Altman-Z N/A
ROIC/WACC1.36
WACC7.03%
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

  • WES has a Current Ratio of 1.34. 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 1.34 is in line compared to the rest of the industry. WES outperforms 59.71% 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's Quick ratio of 1.33 is fine compared to the rest of the industry. WES outperforms 66.50% 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

4

3. Growth

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

  • Based on estimates for the next years, WES will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.73% on average per year.
  • The Revenue is expected to grow by 5.78% on average over the next years.
EPS Next Y23.1%
EPS Next 2Y15.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.04%
Revenue Next 2Y7.23%
Revenue Next 3Y5.78%
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 stable: in the next years the growth will be about the same 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 1 2 3 4

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.66 indicates a correct valuation of WES.
  • Based on the Price/Earnings ratio, WES is valued a bit cheaper than the industry average as 66.99% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.98. WES is valued slightly cheaper when compared to this.
  • WES is valuated reasonably with a Price/Forward Earnings ratio of 11.10.
  • Based on the Price/Forward Earnings ratio, WES is valued cheaply inside the industry as 81.55% of the companies are valued more expensively.
  • WES's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.01.
Industry RankSector Rank
PE 13.66
Fwd PE 11.1
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WES is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, WES is valued a bit cheaper than the industry average as 77.18% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.44
EV/EBITDA 10.5
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • WES has an outstanding profitability rating, which may justify a higher PE ratio.
  • WES's earnings are expected to grow with 15.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)3.94
EPS Next 2Y15.73%
EPS Next 3YN/A

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

6

5. Dividend

5.1 Amount

  • WES has a Yearly Dividend Yield of 8.85%, which is a nice return.
  • WES's Dividend Yield is rather good when compared to the industry average which is at 3.52. WES pays more dividend than 90.29% of the companies in the same industry.
  • WES's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 8.85%

5.2 History

  • The dividend of WES is nicely growing with an annual growth rate of 17.51%!
  • 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 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

  • 123.95% of the earnings are spent on dividend by WES. This is not a sustainable payout ratio.
  • WES's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP123.95%
EPS Next 2Y15.73%
EPS Next 3YN/A
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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WESTERN MIDSTREAM PARTNERS L

NYSE:WES (2/25/2026, 4:23:48 PM)

40.98

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners37.42%
Inst Owner Change9.21%
Ins Owners0.18%
Ins Owner Change9.75%
Market Cap17.10B
Revenue(TTM)3.84B
Net Income(TTM)1.15B
Analysts65.56
Price Target42.47 (3.64%)
Short Float %2.17%
Short Ratio4.74
Dividend
Industry RankSector Rank
Dividend Yield 8.85%
Yearly Dividend3.63
Dividend Growth(5Y)17.51%
DP123.95%
Div Incr Years3
Div Non Decr Years3
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)-0.2%
PT rev (3m)1.63%
EPS NQ rev (1m)-3.34%
EPS NQ rev (3m)-9.16%
EPS NY rev (1m)-1.84%
EPS NY rev (3m)-0.14%
Revenue NQ rev (1m)-0.28%
Revenue NQ rev (3m)2.11%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)1.19%
Valuation
Industry RankSector Rank
PE 13.66
Fwd PE 11.1
P/S 4.45
P/FCF 11.44
P/OCF 7.69
P/B 4.25
P/tB 6.21
EV/EBITDA 10.5
EPS(TTM)3
EY7.32%
EPS(NY)3.69
Fwd EY9.01%
FCF(TTM)3.58
FCFY8.74%
OCF(TTM)5.33
OCFY13%
SpS9.21
BVpS9.64
TBVpS6.6
PEG (NY)0.59
PEG (5Y)3.94
Graham Number25.51
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
WACC7.03%
ROIC/WACC1.36
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 Y23.1%
EPS Next 2Y15.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.61%
Revenue growth 3Y5.73%
Revenue growth 5Y6.75%
Sales Q2Q%11.09%
Revenue Next Year6.04%
Revenue Next 2Y7.23%
Revenue Next 3Y5.78%
Revenue Next 5YN/A
EBIT growth 1Y6.01%
EBIT growth 3Y7.95%
EBIT growth 5Y5.23%
EBIT Next Year52.81%
EBIT Next 3Y19.25%
EBIT Next 5Y13.35%
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 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 7 / 10 to WESTERN MIDSTREAM PARTNERS L (WES). This can be considered as Undervalued.


How profitable is WESTERN MIDSTREAM PARTNERS L (WES) stock?

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


Can you provide the PE and PB ratios for WES stock?

The Price/Earnings (PE) ratio for WESTERN MIDSTREAM PARTNERS L (WES) is 13.66 and the Price/Book (PB) ratio is 4.25.


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.