WESTERN MIDSTREAM PARTNERS L (WES) Fundamental Analysis & Valuation

NYSE:WES • US9586691035

Current stock price

41.04 USD
-0.07 (-0.17%)
At close:
40.99 USD
-0.05 (-0.12%)
After Hours:

This WES fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. WES Profitability Analysis

1.1 Basic Checks

  • WES had positive earnings in the past year.
  • In the past year WES had a positive cash flow from operations.
  • WES had positive earnings in each of the past 5 years.
  • In the past 5 years WES always reported a positive cash flow from operatings.
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

  • Looking at the Return On Assets, with a value of 7.70%, WES is in the better half of the industry, outperforming 78.47% of the companies in the same industry.
  • WES has a better Return On Equity (28.71%) than 91.39% of its industry peers.
  • With an excellent Return On Invested Capital value of 9.54%, WES belongs to the best of the industry, outperforming 83.25% 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 22.77%.
  • The 3 year average ROIC (9.38%) for WES is below the current ROIC(9.54%), indicating increased profibility in the last year.
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

  • WES has a better Profit Margin (30.04%) than 86.12% of its industry peers.
  • WES's Profit Margin has improved in the last couple of years.
  • WES has a Operating Margin of 43.24%. This is amongst the best in the industry. WES outperforms 88.52% of its industry peers.
  • WES's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of WES (94.61%) is better than 98.56% of its industry peers.
  • 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. WES Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WES is creating some value.
  • The number of shares outstanding for WES has been increased compared to 1 year ago.
  • Compared to 5 years ago, WES has less shares outstanding
  • 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

  • The Debt to FCF ratio of WES is 5.78, which is a neutral value as it means it would take WES, 5.78 years of fcf income to pay off all of its debts.
  • WES has a Debt to FCF ratio of 5.78. This is in the better half of the industry: WES outperforms 65.07% of its industry peers.
  • WES has a Debt/Equity ratio of 2.04. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 2.04, WES is doing worse than 79.43% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.04
Debt/FCF 5.78
Altman-Z N/A
ROIC/WACC1.33
WACC7.15%
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

  • A Current Ratio of 1.34 indicates that WES should not have too much problems paying its short term obligations.
  • The Current ratio of WES (1.34) is comparable to the rest of the industry.
  • 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.
  • Looking at the Quick ratio, with a value of 1.33, WES is in the better half of the industry, outperforming 65.55% of the companies in the same industry.
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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. WES Growth Analysis

3.1 Past

  • WES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.56%.
  • The Earnings Per Share has been growing slightly by 3.47% on average over the past years.
  • The Revenue has been growing slightly by 6.61% in the past year.
  • WES shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.75% yearly.
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 9.60% on average per year.
  • Based on estimates for the next years, WES will show a small growth in Revenue. The Revenue will grow by 4.36% on average per year.
EPS Next Y8.76%
EPS Next 2Y8.96%
EPS Next 3Y9.6%
EPS Next 5YN/A
Revenue Next Year4.71%
Revenue Next 2Y5.85%
Revenue Next 3Y4.36%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 2028 1 2 3 4

More info and screens

Find the best growth stocksShow best growing peers

6

4. WES Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 13.68, WES is valued correctly.
  • WES's Price/Earnings ratio is a bit cheaper when compared to the industry. WES is cheaper than 72.73% of the companies in the same industry.
  • WES's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.42.
  • With a Price/Forward Earnings ratio of 12.58, WES is valued correctly.
  • WES's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. WES is cheaper than 70.33% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.24. WES is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 13.68
Fwd PE 12.58
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

  • WES's Enterprise Value to EBITDA is on the same level as the industry average.
  • 80.86% of the companies in the same industry are more expensive than WES, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 10.81
EV/EBITDA 10.11
WES Per share dataWES EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • WES's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of WES may justify a higher PE ratio.
PEG (NY)1.56
PEG (5Y)3.95
EPS Next 2Y8.96%
EPS Next 3Y9.6%

More info and screens

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

6

5. WES Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 9.05%, WES is a good candidate for dividend investing.
  • WES's Dividend Yield is rather good when compared to the industry average which is at 3.23. WES pays more dividend than 91.87% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, WES pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.05%

5.2 History

  • On average, the dividend of WES grows each year by 17.51%, which is quite nice.
  • 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)17.51%
Div Incr Years4
Div Non Decr Years4
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 2Y8.96%
EPS Next 3Y9.6%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

WES Fundamentals: All Metrics, Ratios and Statistics

WESTERN MIDSTREAM PARTNERS L

NYSE:WES (4/24/2026, 8:14:15 PM)

After market: 40.99 -0.05 (-0.12%)

41.04

-0.07 (-0.17%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners41.82%
Inst Owner Change-0.13%
Ins Owners0.24%
Ins Owner Change9.79%
Market Cap16.16B
Revenue(TTM)3.84B
Net Income(TTM)1.15B
Analysts65.56
Price Target43.04 (4.87%)
Short Float %3.22%
Short Ratio5.45
Dividend
Industry RankSector Rank
Dividend Yield 9.05%
Yearly Dividend3.63
Dividend Growth(5Y)17.51%
DP123.95%
Div Incr Years4
Div Non Decr Years4
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)1.35%
PT rev (3m)1.08%
EPS NQ rev (1m)-0.03%
EPS NQ rev (3m)-17.17%
EPS NY rev (1m)-1.75%
EPS NY rev (3m)-12.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.85%
Revenue NY rev (1m)-0.58%
Revenue NY rev (3m)-2.22%
Valuation
Industry RankSector Rank
PE 13.68
Fwd PE 12.58
P/S 4.2
P/FCF 10.81
P/OCF 7.27
P/B 4.02
P/tB 5.87
EV/EBITDA 10.11
EPS(TTM)3
EY7.31%
EPS(NY)3.26
Fwd EY7.95%
FCF(TTM)3.8
FCFY9.25%
OCF(TTM)5.65
OCFY13.76%
SpS9.76
BVpS10.21
TBVpS7
PEG (NY)1.56
PEG (5Y)3.95
Graham Number26.2582 (-36.02%)
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
WACC7.15%
ROIC/WACC1.33
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 Y8.76%
EPS Next 2Y8.96%
EPS Next 3Y9.6%
EPS Next 5YN/A
Revenue 1Y (TTM)6.61%
Revenue growth 3Y5.73%
Revenue growth 5Y6.75%
Sales Q2Q%11.09%
Revenue Next Year4.71%
Revenue Next 2Y5.85%
Revenue Next 3Y4.36%
Revenue Next 5YN/A
EBIT growth 1Y6.01%
EBIT growth 3Y7.95%
EBIT growth 5Y5.23%
EBIT Next Year46.47%
EBIT Next 3Y17.66%
EBIT Next 5Y12.77%
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 Fundamental Analysis 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.


Can you provide the profitability details for WESTERN MIDSTREAM PARTNERS L?

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


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.


Can you provide the dividend sustainability for WES stock?

The dividend rating of WESTERN MIDSTREAM PARTNERS L (WES) is 6 / 10 and the dividend payout ratio is 123.95%.