WES
Company Description
Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.84B | 3.61B | 3.11B | 3.25B | 2.88B | 2.77B | 2.75B | 1.99B | 2.25B | 1.80B | 1.56B | 1.27B |
| Net Income | 1.17B | 1.57B | 1.02B | 1.22B | 916.29M | 527.01M | 697.24M | 369.43M | 376.61M | 345.77M | 87.86M | 221.91M |
| EPS | 3.01 | 4.04 | 2.61 | 3.01 | 2.18 | 1.18 | 1.68 | 1.69 | 1.72 | 1.53 | 0.39 | 1.02 |
| Free Cash Flow | 1.46B | 1.27B | 913.12M | 1.21B | 1.45B | 1.22B | 135.27M | (177.20M) | 222.39M | 433.08M | N/A | N/A |
| FCF / Share | 3.66 | 3.35 | 2.38 | 3.07 | 3.53 | 2.79 | 0.33 | -0.81 | 1.02 | 1.98 | N/A | N/A |
| Operating CF | 2.19B | 2.11B | 1.65B | 1.70B | 1.77B | 1.64B | 1.32B | 1.02B | 897.41M | 913.08M | N/A | N/A |
| Total Assets | 15.00B | 13.14B | 12.47B | 11.27B | 11.27B | 11.83B | 12.35B | 9.24B | 8.02B | 7.74B | N/A | N/A |
| Total Debt | 8.93B | 8.14B | 7.96B | 6.83B | 6.95B | 7.89B | 7.96B | 5.24B | 3.49B | 3.12B | N/A | N/A |
| Cash & Equiv | 819.49M | 1.09B | 272.79M | 286.66M | 202.00M | 444.92M | 99.96M | 92.14M | 79.59M | 359.07M | N/A | N/A |
| Book Value | 4.02B | 3.24B | 2.90B | 2.97B | 2.96B | 2.76B | 3.20B | 2.34B | 1.06B | 1.05B | N/A | N/A |
| Return on Equity | 0.29 | 0.49 | 0.35 | 0.41 | 0.31 | 0.19 | 0.22 | 0.16 | 0.35 | 0.33 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.12B | 1.03B | 952.48M | 942.32M | 917.12M | 928.50M | 883.36M | 905.63M | 887.73M | 858.21M | 776.01M | 738.27M |
| Net Income | 342.39M | 187.18M | 331.73M | 341.68M | 309.01M | 333.61M | 288.48M | 378.65M | 572.83M | 288.35M | 277.30M | 252.92M |
| EPS | 0.88 | 0.47 | 0.87 | 0.88 | 0.79 | 0.86 | 0.74 | 0.97 | 1.47 | 0.74 | 0.71 | 0.64 |
| Free Cash Flow | 244.07M | 340.83M | 397.40M | 388.39M | 369.06M | 319.41M | 361.85M | 424.82M | 186.86M | 274.65M | 192.93M | 329.34M |
| FCF / Share | 0.61 | 0.85 | 1.04 | 1.02 | 0.97 | 0.84 | 0.95 | 1.12 | 0.49 | 0.72 | 0.50 | 0.86 |
| Operating CF | 479.79M | 563.04M | 582.16M | 567.02M | 511.46M | 557.74M | 551.29M | 636.69M | 380.65M | 473.30M | 394.79M | 490.82M |
| Total Assets | 14.92B | 15.00B | 12.13B | 12.16B | 12.46B | 13.14B | 12.98B | 12.18B | 12.27B | 12.47B | 11.63B | 11.22B |
| Total Debt | 8.71B | 8.93B | 7.00B | 7.00B | 7.33B | 8.14B | 7.94B | 7.15B | 7.38B | 7.96B | 7.26B | 6.83B |
| Cash & Equiv | 647.50M | 819.49M | 177.29M | 129.73M | 448.45M | 1.09B | 1.12B | 344.12M | 295.25M | 272.79M | 489.49M | 213.95M |
| Book Value | 3.37B | 4.02B | 3.18B | 3.19B | 3.19B | 3.24B | 3.24B | 3.28B | 3.24B | 2.90B | 2.82B | 2.89B |
| Return on Equity | 0.10 | 0.05 | 0.10 | 0.11 | 0.10 | 0.10 | 0.09 | 0.12 | 0.18 | 0.10 | 0.10 | 0.09 |
