WESTERN MIDSTREAM PARTNERS L (WES) Stock Fundamental Analysis

NYSE:WES • US9586691035

41.1 USD
-0.39 (-0.94%)
At close: Feb 20, 2026
41.5 USD
+0.4 (+0.97%)
After Hours: 2/20/2026, 8:10:25 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Overall WES gets a fundamental rating of 6 out of 10. We evaluated WES against 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. WES is cheap, but on the other hand it scores bad on growth. WES also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year WES was profitable.
  • In the past year WES had a positive cash flow from operations.
  • WES had positive earnings in 4 of the past 5 years.
  • Of the past 5 years WES 4 years 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 0 500M -500M 1B 1.5B 2B

1.2 Ratios

  • WES's Return On Assets of 10.67% is amongst the best of the industry. WES outperforms 90.29% of its industry peers.
  • Looking at the Return On Equity, with a value of 40.64%, WES belongs to the top of the industry, outperforming 93.69% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 11.36%, WES belongs to the top of the industry, outperforming 87.86% 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 21.98%.
  • 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

  • Looking at the Profit Margin, with a value of 34.57%, WES belongs to the top of the industry, outperforming 90.78% of the companies in the same industry.
  • In the last couple of years the Profit Margin of WES has grown nicely.
  • WES has a Operating Margin of 44.17%. This is amongst the best in the industry. WES outperforms 89.32% of its industry peers.
  • WES's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 95.33%, WES belongs to the top of the industry, outperforming 98.54% of the companies in the same industry.
  • 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

  • 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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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

  • The Debt to FCF ratio of WES is 4.70, which is a neutral value as it means it would take WES, 4.70 years of fcf income to pay off all of its debts.
  • WES's Debt to FCF ratio of 4.70 is fine compared to the rest of the industry. WES outperforms 66.50% of its industry peers.
  • A Debt/Equity ratio of 2.18 is on the high side and indicates that WES has dependencies on debt financing.
  • WES has a Debt to Equity ratio of 2.18. This is amonst the worse of the industry: WES underperforms 82.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF 4.7
Altman-Z N/A
ROIC/WACC1.6
WACC7.1%
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

  • A Current Ratio of 1.43 indicates that WES should not have too much problems paying 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.
  • 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.
  • WES has a better Quick ratio (1.41) than 68.45% of its industry peers.
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

  • WES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.56%.
  • WES shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.47% yearly.
EPS 1Y (TTM)-25.56%
EPS 3Y0%
EPS 5Y3.47%
EPS Q2Q%-44.71%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%11.09%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.73% 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 5.78% yearly.
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.
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 13.70, which indicates a correct valuation of WES.
  • Based on the Price/Earnings ratio, WES is valued a bit cheaper than the industry average as 66.99% of the companies are valued more expensively.
  • WES is valuated rather cheaply when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 11.13, which indicates a very decent valuation of WES.
  • Based on the Price/Forward Earnings ratio, WES is valued cheaper than 80.10% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.02. WES is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.7
Fwd PE 11.13
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WES indicates a somewhat cheap valuation: WES is cheaper than 76.70% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.63
EV/EBITDA 10.27
WES Per share dataWES EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • WES's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • WES has an outstanding profitability rating, which may justify a higher PE ratio.
  • WES's earnings are expected to grow with 15.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)3.95
EPS Next 2Y15.73%
EPS Next 3YN/A

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

7

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 3.52, WES pays a better dividend. On top of this WES pays more dividend than 90.29% 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 1.81.
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 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)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.
  • The dividend of WES is growing, but earnings are growing more, so the dividend growth is sustainable.
DP107.67%
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 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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Find the best dividend stocksShow peers with best dividend

WESTERN MIDSTREAM PARTNERS L

NYSE:WES (2/20/2026, 8:10:25 PM)

After market: 41.5 +0.4 (+0.97%)

41.1

-0.39 (-0.94%)

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 Cap17.15B
Revenue(TTM)N/A
Net Income(TTM)1.29B
Analysts65.56
Price Target42.5 (3.41%)
Short Float %2.17%
Short Ratio4.74
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)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 13.7
Fwd PE 11.13
P/S 4.58
P/FCF 11.63
P/OCF 7.73
P/B 5.39
P/tB 6.72
EV/EBITDA 10.27
EPS(TTM)3
EY7.3%
EPS(NY)3.69
Fwd EY8.99%
FCF(TTM)3.54
FCFY8.6%
OCF(TTM)5.32
OCFY12.94%
SpS8.97
BVpS7.63
TBVpS6.12
PEG (NY)0.59
PEG (5Y)3.95
Graham Number22.69
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
WACC7.1%
ROIC/WACC1.6
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)-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)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%11.09%
Revenue Next Year6.04%
Revenue Next 2Y7.23%
Revenue Next 3Y5.78%
Revenue Next 5YN/A
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 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 13.7 and the Price/Book (PB) ratio is 5.39.


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.