WESTERN MIDSTREAM PARTNERS L (WES) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:WES • US9586691035

41.7 USD
+0.41 (+0.99%)
At close: Feb 10, 2026
41.7 USD
0 (0%)
After Hours: 2/10/2026, 4:52:46 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

WES gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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 it does not seem to be growing.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • WES had positive earnings in the past year.
  • In the past year WES had a positive cash flow from operations.
  • 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.
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 0 500M -500M 1B 1.5B 2B

1.2 Ratios

  • With an excellent Return On Assets value of 10.67%, WES belongs to the best of the industry, outperforming 90.29% of the companies in the same industry.
  • WES's Return On Equity of 40.64% is amongst the best of the industry. WES outperforms 93.69% of its industry peers.
  • WES has a Return On Invested Capital of 11.36%. This is amongst the best in the industry. WES outperforms 87.38% of its industry peers.
  • WES had an Average Return On Invested Capital over the past 3 years of 9.49%. This is significantly below the industry average of 22.01%.
  • The last Return On Invested Capital (11.36%) for WES is above the 3 year average (9.49%), which is a sign of increasing profitability.
Industry RankSector 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%
WES Yearly ROA, ROE, ROICWES Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • With an excellent Profit Margin value of 34.57%, WES belongs to the best of the industry, outperforming 91.26% 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 44.17%, WES belongs to the top of the industry, outperforming 89.32% of the companies in the same industry.
  • In the last couple of years the Operating Margin of WES has grown nicely.
  • WES's Gross Margin of 95.33% is amongst the best of the industry. WES outperforms 98.54% of its industry peers.
  • WES's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
WES Yearly Profit, Operating, Gross MarginsWES Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 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.
  • The number of shares outstanding for WES remains at a similar level compared to 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 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 2B 4B 6B 8B 10B

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.
  • Looking at the Debt to FCF ratio, with a value of 4.70, WES is in the better half of the industry, outperforming 66.50% of the companies in the same industry.
  • A Debt/Equity ratio of 2.18 is on the high side and indicates that WES has dependencies on debt financing.
  • The Debt to Equity ratio of WES (2.18) is worse than 82.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF 4.7
Altman-Z N/A
ROIC/WACC1.58
WACC7.19%
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 0 2B 4B 6B

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.
  • With a decent Current ratio value of 1.43, WES is doing good in the industry, outperforming 63.59% of the companies in the same industry.
  • WES has a Quick Ratio of 1.41. This is a normal value and indicates that WES is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Quick ratio value of 1.41, WES is doing good in the industry, outperforming 69.42% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.43
Quick Ratio 1.41
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 500M 1B 1.5B

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

3

3. Growth

3.1 Past

  • The earnings per share for WES have decreased strongly by -13.78% in the last year.
  • The Earnings Per Share has been growing by 20.90% on average over the past years. This is a very strong growth
  • The Revenue has been growing slightly by 5.81% in the past 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

  • Based on estimates for the next years, WES will show a decrease in Earnings Per Share. The EPS will decrease by -0.10% on average per year.
  • 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.
  • 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

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.34 indicates a correct valuation of WES.
  • Compared to the rest of the industry, the Price/Earnings ratio of WES indicates a somewhat cheap valuation: WES is cheaper than 74.76% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, WES is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 11.29, the valuation of WES can be described as reasonable.
  • WES's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. WES is cheaper than 79.13% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, WES is valued rather cheaply.
Industry RankSector Rank
PE 12.34
Fwd PE 11.29
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 ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, WES is valued a bit cheaper than the industry average as 77.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.54
EV/EBITDA 10.14
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 excellent profitability rating of WES may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.59
EPS Next 2Y-4.27%
EPS Next 3Y-0.1%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.85%, WES is a good candidate for dividend investing.
  • WES's Dividend Yield is rather good when compared to the industry average which is at 3.64. WES pays more dividend than 89.32% of the companies in the same industry.
  • WES's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector 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
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

  • 107.67% of the earnings are spent on dividend by WES. This is not a sustainable payout ratio.
  • WES's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP107.67%
EPS Next 2Y-4.27%
EPS Next 3Y-0.1%
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 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 (2/10/2026, 4:52:46 PM)

After market: 41.7 0 (0%)

41.7

+0.41 (+0.99%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-04
Earnings (Next)02-18
Inst Owners37.42%
Inst Owner Change0.36%
Ins Owners0.18%
Ins Owner Change1.28%
Market Cap17.01B
Revenue(TTM)3.74B
Net Income(TTM)1.29B
Analysts65.56
Price Target42.5 (1.92%)
Short Float %1.33%
Short Ratio4.36
Dividend
Industry RankSector 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
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)-9.06%
EPS NQ rev (3m)-4.39%
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 RankSector Rank
PE 12.34
Fwd PE 11.29
P/S 4.55
P/FCF 11.54
P/OCF 7.67
P/B 5.35
P/tB 6.67
EV/EBITDA 10.14
EPS(TTM)3.38
EY8.11%
EPS(NY)3.69
Fwd EY8.86%
FCF(TTM)3.61
FCFY8.67%
OCF(TTM)5.44
OCFY13.05%
SpS9.17
BVpS7.8
TBVpS6.25
PEG (NY)N/A
PEG (5Y)0.59
Graham Number24.35
Profitability
Industry RankSector 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 RankSector 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
WACC7.19%
ROIC/WACC1.58
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 5Y12.27%
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 12.34 and the Price/Book (PB) ratio is 5.35.


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.