WESTERN MIDSTREAM PARTNERS L (WES) Stock Fundamental Analysis
NYSE:WES • US9586691035
43.9 USD
+0.17 (+0.39%)
At close: Feb 18, 2026
43.9 USD
0 (0%)
After Hours: 2/18/2026, 4:01:13 PM
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. WES has an excellent profitability rating, but 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.
1. Profitability
1.1 Basic Checks
- In the past year WES was profitable.
- WES had a positive operating cash flow in the past year.
- 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 90.29% of its industry peers.
- The Return On Equity of WES (40.64%) is better than 93.69% of its industry peers.
- WES has a better Return On Invested Capital (11.36%) than 87.38% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for WES is significantly below the industry average of 21.98%.
- The 3 year average ROIC (9.49%) for WES is below the current ROIC(11.36%), indicating increased profibility in the last year.
| 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
- 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.
- WES's Operating Margin has improved in the last couple of years.
- WES has a Gross Margin of 95.33%. This is amongst the best in the industry. WES outperforms 98.54% 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.
- WES has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for WES has been reduced compared to 5 years ago.
- WES has a better debt/assets ratio than last year.
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 Debt to FCF ratio of 4.70. This is in the better half of the industry: WES outperforms 66.99% 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.
- WES's Debt to Equity ratio of 2.18 is on the low side compared to the rest of the industry. WES is outperformed by 82.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.18 | ||
| Debt/FCF | 4.7 | ||
| Altman-Z | N/A |
ROIC/WACC1.59
WACC7.14%
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.
- Looking at the Current ratio, with a value of 1.43, WES is in the better half of the industry, outperforming 62.62% of the companies in the same industry.
- A Quick Ratio of 1.41 indicates that WES should not have too much problems paying its short term obligations.
- WES's Quick ratio of 1.41 is fine compared to the rest of the industry. WES outperforms 68.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.41 |
3. Growth
3.1 Past
- WES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.78%.
- WES shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.90% yearly.
- Looking at the last year, WES shows a small growth in Revenue. The Revenue has grown by 5.81% in the last 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
- WES is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.10% yearly.
- Based on estimates for the next years, WES will show a small growth in Revenue. The Revenue will grow by 5.60% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 12.99, the valuation of WES can be described as correct.
- Compared to the rest of the industry, the Price/Earnings ratio of WES indicates a somewhat cheap valuation: WES is cheaper than 69.42% of the companies listed in the same industry.
- WES's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.16.
- WES is valuated reasonably with a Price/Forward Earnings ratio of 11.89.
- Based on the Price/Forward Earnings ratio, WES is valued a bit cheaper than the industry average as 74.76% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.10, WES is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.99 | ||
| Fwd PE | 11.89 |
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 73.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.42 | ||
| EV/EBITDA | 10.74 |
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%
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.
- Compared to an average S&P500 Dividend Yield of 1.82, WES pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.85% |
5.2 History
- The dividend of WES has a limited annual growth rate of 2.35%.
- 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)2.35%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- WES pays out 107.67% of its income as dividend. 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%
43.9
+0.17 (+0.39%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-04 2025-11-04/amc
Earnings (Next)02-18 2026-02-18/amc
Inst Owners37.42%
Inst Owner Change7.83%
Ins Owners0.18%
Ins Owner Change9.75%
Market Cap18.32B
Revenue(TTM)3.74B
Net Income(TTM)1.29B
Analysts65.56
Price Target42.5 (-3.19%)
Short Float %2.17%
Short Ratio4.74
Dividend
| Industry Rank | Sector 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 2026-02-02 (0.91)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.99 | ||
| Fwd PE | 11.89 | ||
| P/S | 4.9 | ||
| P/FCF | 12.42 | ||
| P/OCF | 8.25 | ||
| P/B | 5.76 | ||
| P/tB | 7.18 | ||
| EV/EBITDA | 10.74 |
EPS(TTM)3.38
EY7.7%
EPS(NY)3.69
Fwd EY8.41%
FCF(TTM)3.54
FCFY8.05%
OCF(TTM)5.32
OCFY12.12%
SpS8.97
BVpS7.63
TBVpS6.12
PEG (NY)N/A
PEG (5Y)0.62
Graham Number24.08
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
WACC7.14%
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 12.99 and the Price/Book (PB) ratio is 5.76.
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.