WESTERN MIDSTREAM PARTNERS L (WES) Stock Fundamental Analysis

NYSE:WES • US9586691035

41.59 USD
+0.42 (+1.02%)
At close: Feb 27, 2026
41.6 USD
+0.01 (+0.02%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to WES. WES was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. WES scores excellent on profitability, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on WES.


Dividend Valuation Growth Profitability Health

8

1. Profitability

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

  • WES has a Return On Assets of 7.70%. This is amongst the best in the industry. WES outperforms 80.58% of its industry peers.
  • The Return On Equity of WES (28.71%) is better than 92.23% of its industry peers.
  • WES has a Return On Invested Capital of 9.54%. This is amongst the best in the industry. WES outperforms 82.04% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for WES is significantly below the industry average of 21.99%.
  • 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

  • WES has a Profit Margin of 30.04%. This is amongst the best in the industry. WES outperforms 88.35% of its industry peers.
  • WES's Profit Margin has improved in the last couple of years.
  • The Operating Margin of WES (43.24%) is better than 87.86% of its industry peers.
  • WES's Operating Margin has been stable in the last couple of years.
  • WES's Gross Margin of 94.61% is amongst the best of the industry. WES outperforms 98.54% 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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

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.
  • WES has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, WES has less shares outstanding
  • Compared to 1 year ago, WES has an improved debt to assets ratio.
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's Debt to FCF ratio of 5.78 is fine compared to the rest of the industry. WES outperforms 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.
  • WES has a worse Debt to Equity ratio (2.04) 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%
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.
  • With a decent Current ratio value of 1.34, WES is doing good in the industry, outperforming 60.19% of the companies in the same 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 66.99% 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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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%.
  • 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.
  • 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 15.73% on average per year.
  • Based on estimates for the next years, WES will show a small growth in Revenue. The Revenue will grow by 5.78% on average per year.
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

  • 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 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

  • The Price/Earnings ratio is 13.86, which indicates a correct valuation of WES.
  • Based on the Price/Earnings ratio, WES is valued a bit cheaper than the industry average as 67.48% of the companies are valued more expensively.
  • WES's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.10.
  • The Price/Forward Earnings ratio is 11.26, which indicates a very decent valuation of WES.
  • Based on the Price/Forward Earnings ratio, WES is valued cheaply inside the industry as 81.07% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. WES is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.86
Fwd PE 11.26
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WES indicates a somewhat cheap valuation: WES is cheaper than 79.13% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.61
EV/EBITDA 10.54
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.
  • The excellent profitability rating of WES may justify a higher PE ratio.
  • A more expensive valuation may be justified as WES's earnings are expected to grow with 15.73% in the coming years.
PEG (NY)0.6
PEG (5Y)4
EPS Next 2Y15.73%
EPS Next 3YN/A

More info and screens

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 3.51. WES pays more dividend than 89.81% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, WES pays a better dividend.
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

More info and screens

Find the best dividend stocksShow peers with best dividend

WESTERN MIDSTREAM PARTNERS L

NYSE:WES (2/27/2026, 8:04:00 PM)

After market: 41.6 +0.01 (+0.02%)

41.59

+0.42 (+1.02%)

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 Cap17.35B
Revenue(TTM)3.84B
Net Income(TTM)1.15B
Analysts65.56
Price Target42.47 (2.12%)
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 13.86
Fwd PE 11.26
P/S 4.51
P/FCF 11.61
P/OCF 7.81
P/B 4.32
P/tB 6.3
EV/EBITDA 10.54
EPS(TTM)3
EY7.21%
EPS(NY)3.69
Fwd EY8.88%
FCF(TTM)3.58
FCFY8.61%
OCF(TTM)5.33
OCFY12.81%
SpS9.21
BVpS9.64
TBVpS6.6
PEG (NY)0.6
PEG (5Y)4
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%
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 13.86 and the Price/Book (PB) ratio is 4.32.


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.