WESTERN MIDSTREAM PARTNERS L (WES) Fundamental Analysis & Valuation

NYSE:WES • US9586691035

Current stock price

42.16 USD
-1.32 (-3.04%)
At close:
41.9658 USD
-0.19 (-0.46%)
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

  • In the past year WES was profitable.
  • WES had a positive operating cash flow in the past year.
  • In the past 5 years WES has always 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

  • The Return On Assets of WES (7.70%) is better than 78.57% of its industry peers.
  • WES has a better Return On Equity (28.71%) than 91.43% of its industry peers.
  • WES's Return On Invested Capital of 9.54% is amongst the best of the industry. WES outperforms 82.86% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for WES is significantly below the industry average of 22.51%.
  • 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 86.19% of the companies in the same industry.
  • In the last couple of years the Profit Margin of WES has grown nicely.
  • Looking at the Operating Margin, with a value of 43.24%, WES belongs to the top of the industry, outperforming 88.10% of the companies in the same industry.
  • In the last couple of years the Operating Margin of WES has remained more or less at the same level.
  • WES has a better Gross Margin (94.61%) than 98.57% 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

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4

2. WES Health Analysis

2.1 Basic Checks

  • WES has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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

  • 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.
  • Looking at the Debt to FCF ratio, with a value of 5.78, WES is in the better half of the industry, outperforming 65.24% of the companies in the same industry.
  • A Debt/Equity ratio of 2.04 is on the high side and indicates that WES has dependencies on debt financing.
  • WES's Debt to Equity ratio of 2.04 is on the low side compared to the rest of the industry. WES is outperformed by 79.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.04
Debt/FCF 5.78
Altman-Z N/A
ROIC/WACC1.32
WACC7.23%
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.
  • WES has a Current ratio (1.34) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.33 indicates that WES should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.33, WES is doing good in the industry, outperforming 65.71% 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

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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%.
  • Measured over the past 5 years, WES shows a small growth in Earnings Per Share. The EPS has been growing by 3.47% on average per year.
  • Looking at the last year, WES shows a small growth in Revenue. The Revenue has grown by 6.61% in the last year.
  • The Revenue has been growing slightly by 6.75% on average over the past years.
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

  • The Earnings Per Share is expected to grow by 9.60% on average over the next years. This is quite good.
  • WES is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.36% yearly.
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less 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 2028 1 2 3 4

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6

4. WES Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.05, the valuation of WES can be described as correct.
  • 71.90% of the companies in the same industry are more expensive than WES, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 26.51. WES is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 12.92, WES is valued correctly.
  • Based on the Price/Forward Earnings ratio, WES is valued a bit cheaper than 69.05% of the companies in the same industry.
  • WES is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.41, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.05
Fwd PE 12.92
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as WES.
  • Based on the Price/Free Cash Flow ratio, WES is valued cheaply inside the industry as 81.90% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.1
EV/EBITDA 10.29
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.
  • WES has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.6
PEG (5Y)4.05
EPS Next 2Y8.96%
EPS Next 3Y9.6%

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

6

5. WES Dividend Analysis

5.1 Amount

  • WES has a Yearly Dividend Yield of 8.99%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.50, WES pays a better dividend. On top of this WES pays more dividend than 92.38% of the companies listed in the same industry.
  • WES's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 8.99%

5.2 History

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

  • WES pays out 123.95% of its income as dividend. 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

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WES Fundamentals: All Metrics, Ratios and Statistics

WESTERN MIDSTREAM PARTNERS L

NYSE:WES (5/1/2026, 8:04:00 PM)

After market: 41.9658 -0.19 (-0.46%)

42.16

-1.32 (-3.04%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength76.4
Industry Growth81.37
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners41.82%
Inst Owner Change-0.11%
Ins Owners0.24%
Ins Owner Change8.62%
Market Cap16.60B
Revenue(TTM)3.84B
Net Income(TTM)1.15B
Analysts65.56
Price Target42.84 (1.61%)
Short Float %3.2%
Short Ratio4.89
Dividend
Industry RankSector Rank
Dividend Yield 8.99%
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)-0.47%
PT rev (3m)0.6%
EPS NQ rev (1m)-0.05%
EPS NQ rev (3m)-16.81%
EPS NY rev (1m)-1.75%
EPS NY rev (3m)-12.66%
Revenue NQ rev (1m)-2.27%
Revenue NQ rev (3m)-5.05%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-2.22%
Valuation
Industry RankSector Rank
PE 14.05
Fwd PE 12.92
P/S 4.32
P/FCF 11.1
P/OCF 7.47
P/B 4.13
P/tB 6.03
EV/EBITDA 10.29
EPS(TTM)3
EY7.12%
EPS(NY)3.26
Fwd EY7.74%
FCF(TTM)3.8
FCFY9.01%
OCF(TTM)5.65
OCFY13.39%
SpS9.76
BVpS10.21
TBVpS7
PEG (NY)1.6
PEG (5Y)4.05
Graham Number26.2582 (-37.72%)
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
WACC7.23%
ROIC/WACC1.32
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%.