Western Midstream Partners, LP logo WES - Western Midstream Partners, LP

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 8
SELL 1
STRONG
SELL
0
| PRICE TARGET: $47.80 DETAILS
HIGH: $51.00
LOW: $43.00
MEDIAN: $48.00
CONSENSUS: $47.80
UPSIDE: 0.70%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue
Revenue 3,843.4 3,605.2 3,106.5 3,251.7 2,877.2 2,772.6 2,746.2 1,990.3 2,248.4 1,804.3 1,561.4 1,273.8 1,053.5 849.4 809.7 494.9 236.5 689.5 255.3
Cost of Revenue 1,212.2 822.7 765.3 1,003.3 873.9 679.2 927.5 769.5 1,199.6 767.1 772.6 621.1 510.2 453.3 327.4 157.0 51.1 332.9 112.3
Gross Profit 2,631.2 2,782.5 2,341.2 2,248.5 2,003.2 2,093.4 1,818.7 1,220.8 1,048.8 1,037.1 788.8 652.7 543.3 396.1 482.3 337.8 185.4 356.6 143.1
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 398.9 271.5 232.6 194.0 195.5 155.8 114.6 63.7 50.7 49.2 41.2 37.5 33.5 97.6 39.1 24.9 20.1 23.3 8.4
Other Expenses 646.7 540.3 729.0 466.6 471.4 1,058.7 472.7 (4.8) 1.4 0.5 (0.6) 0.9 (0.2) 0.4 247.6 169.7 93.2 176.6 77.1
Operating Expenses 1,045.6 811.8 961.6 660.6 667.0 1,214.5 587.3 521.5 413.5 397.4 368.6 262.1 225.4 248.6 286.7 194.6 113.4 199.9 85.5
Operating Income
Operating Income 1,585.6 1,970.7 1,379.6 1,587.9 1,336.3 878.9 1,231.3 625.4 704.4 704.5 34.4 448.3 317.9 147.5 209.2 151.6 80.6 166.0 63.7
Interest Expense 390.5 365.2 335.8 321.7 363.8 380.1 303.3 183.8 144.6 116.6 113.9 76.8 47.3 42.1 30.3 18.8 10.0 0.4 7.8
Interest Income 0 0 0 0 0 11.7 16.9 16.9 16.9 16.9 16.9 16.9 19 16.9 28.6 16.9 16.9 12.1 0
Profitability
EBITDA 2,303.1 2,645.0 1,988.9 2,159.7 1,849.6 1,380.5 1,595.3 1,285.0 1,013.6 910.0 814 710.6 482.7 279.3 349.6 288.7 249.3 249.4 94.5
EBIT 1,592.3 1,994.6 1,388.2 1,577.4 1,298.0 889.4 1,112.0 864.3 812.0 714.5 164.8 564.2 336.8 207.2 237.7 194.3 158.6 178.3 63.7
Income Before Tax 1,227.5 1,629.4 1,052.4 1,255.6 934.2 522.9 821.2 451.5 578.1 605.4 (63.2) 389.4 285.0 122.6 207.4 147.6 87.6 178.0 55.9
Income Tax Expense 15.1 18.1 4.4 4.2 (9.8) 6.0 13.5 2.9 4.9 8.4 3.4 2.0 2.6 29.5 45.7 10.6 0.0 43.7 19.4
Net Income 1,169.6 1,573.6 1,022.2 1,217.1 916.3 527.0 697.2 369.4 376.6 345.8 87.9 221.9 160.2 2.8 75.6 126.1 77.3 126.3 36.6
Per Share Data
EPS (Basic) 3.01 4.04 2.61 3.01 2.18 1.18 1.68 1.69 1.72 1.53 0.39 1.02 0.71 0.01 1.84 1.25 1.48 0.78 0.54
EPS (Diluted) 3.00 4.02 2.60 3.00 2.18 1.18 1.68 1.69 1.72 1.53 0.39 1.02 0.71 0.01 1.84 1.25 1.99 0.78 0.54
Shares Outstanding 400.5 380.4 383.0 395.0 411.3 435.6 415.8 218.9 218.9 218.9 218.9 218.9 218.9 218.9 51.0 51.0 52.1 53.2 67.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Current Assets
Cash & Cash Equivalents 819.5 1,090.5 272.8 286.7 202.0 444.9 100.0 92.1 79.6 359.1 99.7 67.2 113.1 422.6 226.6 27.1 70.0 36.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 788.8 721.4 681.3 590.3 467.1 471.2 272.3 235.6 161.9 226.5 195.2 98.5 87.6 37.1 23.2 11.6 0 9.7
Inventory 12.8 2.5 2.6 3.8 3.4 0.9 24.4 10.9 10.8 7.1 2.4 5.3 2.6 0 0 0 0 0
Other Current Assets 19.7 17.3 14.7 6.4 1.9 17.9 0.1 4.2 0 0 1.0 1.7 1.6 6.6 6.7 5.9 0 1.4
Total Current Assets 1,656.9 1,847.2 992.4 900.4 684.8 943.1 402.4 335.8 255.2 595.6 289.0 175.9 207.8 466.2 256.4 43.2 79.9 47.2
Non-Current Assets
Property, Plant & Equipment 11,408.8 9,934.1 9,739.3 8,608.7 8,584.6 8,748.9 9,068.9 8,410.4 5,730.9 5,049.9 4,858.8 4,384.4 3,383.3 2,473.4 2,052.2 1,753.8 0 686.4
Goodwill 353.3 4.8 4.8 4.8 4.8 4.8 445.8 416.2 416.2 417.6 389.7 384.4 105.3 87.9 82.1 60.2 20.8 20.8
Intangible Assets 913.8 649.7 681.4 713.1 744.7 776.4 809.4 746.8 775.3 803.7 832.1 884.9 53.6 55.5 52.9 0 0 0
Long-Term Investments 512.0 572.3 934.2 963.9 1,184.4 1,275.8 1,605.9 1,352.1 826.2 854.2 878.9 894.5 503.6 366.5 370.3 375.2 0 18.2
Other Non-Current Assets 153.7 136.7 119.5 80.8 69.7 81.0 14.0 62.8 12.6 15.1 13.0 28.3 27.4 27.4 23.6 7.4 0 0.6
Total Non-Current Assets 13,341.5 11,297.6 11,479.2 10,371.2 10,588.3 10,887.0 11,944.0 11,112.4 7,761.1 7,140.5 7,002.0 6,576.4 4,073.2 3,010.7 2,581.2 2,218.5 0 986
Total Assets 14,998.4 13,144.8 12,471.6 11,271.6 11,273.1 11,830.0 12,346.5 9,238.6 8,016.3 7,736.1 6,709.4 6,752.3 4,281.0 3,477.0 2,837.6 1,765.5 1,084.2 1,033.2
Current Liabilities
Account Payables 319.2 312.9 362.5 360.6 326.1 210.7 293.1 443.3 349.8 247.1 98.7 54.2 23.4 25.2 26.6 15.2 16.9 26.6
Short-Term Debt 514.1 1,069.9 629.0 226.1 516.5 442.8 9.7 28 350 0 0 1.1 0 0 0 0 0 0
Deferred Revenue 22.9 11.1 16.9 20.9 27.8 31.5 19.7 16.4 (350) 0 0 172.3 0 0 0 0 0 0
Other Current Liabilities 301.3 226.6 237.6 249.0 268.4 272.5 162.8 149.5 72.1 191.1 136.1 173.3 151.9 121.1 91.0 43.0 0 0
Total Current Liabilities 1,236.5 1,691.7 1,304.1 903.9 1,140.2 960.9 486.0 536.9 424.4 315.4 199.3 203.8 191.5 158.2 112.2 42.2 18.1 42.4
Non-Current Liabilities
Long-Term Debt 8,292.9 6,903.3 7,254.9 6,565.4 6,399.1 7,392.2 7,951.6 5,214.9 3,492.7 3,119.5 2,690.7 2,423.0 1,418.2 1,168.3 669.2 299 0 0
Deferred Tax Liabilities 111.3 29.7 15.5 14.4 12.4 22.2 18.9 280.0 7.4 6.4 139.7 4.2 0.3 1.6 513.1 491.7 217.3 1.1
Other Non-Current Liabilities 327.9 378.3 362.3 293.9 303.3 265.6 510.3 417.4 146.9 184.1 317.3 110.1 79.1 68.5 76.2 56.1 231.0 184.9
Total Non-Current Liabilities 9,598.8 8,077.9 8,138.4 7,259.7 7,037.1 7,973.9 8,515.2 5,927.0 3,647.0 3,309.9 3,147.7 2,537.2 1,497.6 1,238.3 1,258.5 1,021.7 448.3 186.1
Total Liabilities 10,835.3 9,769.6 9,442.5 8,163.5 8,177.3 8,934.8 9,001.2 6,564.5 4,071.4 3,625.3 3,383.2 2,741.0 1,689.1 1,396.5 1,370.7 1,080.4 483.4 228.5
Stockholders' Equity
Common Stock 4,021.2 3,235.6 2,897.4 2,971.7 2,958.1 2,761.1 3,195.7 951.9 1,061.1 1,048.1 1,060.8 1,260.2 905.1 912.4 528.9 369.8 0 0
Retained Earnings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 1,388.0 0 0 430.6 0 0 0 0 0 0 (175.4)
Total Stockholders' Equity 4,021.2 3,235.6 2,897.4 2,971.7 2,958.1 2,761.1 3,195.7 2,339.9 1,061.1 1,048.1 1,491.4 1,260.2 905.1 912.4 528.9 369.8 0 (175.4)
Total Liabilities & Equity 14,998.4 13,144.8 12,471.6 11,271.6 11,273.1 11,830.0 12,346.5 11,457.2 8,016.3 7,736.1 7,303.3 6,752.3 4,281.0 3,477.0 2,837.6 2,263.1 483.4 228.5
Debt Metrics
Total Debt 8,929.5 8,140.4 7,961.0 6,829.0 6,952.5 7,893.5 7,964.3 5,242.9 3,492.7 3,119.5 2,690.7 2,424.1 1,418.2 1,168.3 669.2 474 0 0
Net Debt 8,110.1 7,049.9 7,688.2 6,542.4 6,750.5 7,448.6 7,864.3 5,150.7 3,413.1 2,760.4 2,591.0 2,356.9 1,305.1 745.7 442.6 446.9 0 (36.1)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Operating Activities
Net Income 1,215.5 1,612.9 1,050.7 1,251.5 944.0 520.4 807.7 448.5 573.2 597.0 (66.5) 387.4 282.4 93.2 161.7 137.1 87.6 134.2 36.5
Depreciation & Amortization 710.8 650.4 600.7 582.4 551.6 491.1 483.3 337.5 290.9 272.9 244.2 183.2 145.9 117.3 111.9 0 40.1 0 30.8
Stock-Based Compensation 50.2 37.4 31.4 27.8 27.7 14.6 15.5 6.4 5.2 5.0 4.4 4.1 3.8 3.7 0 0 0 0 0
Change in Working Capital 206.3 81.3 (94.0) (49.2) 181.1 (16.9) 7.8 3.6 (27.5) 5.1 (3.2) (54.1) (22.0) 1.3 24.3 8.9 (13.5) 13.1 (4.7)
Other Non-Cash Items 8.7 (287.5) 58.4 (113.0) 72.2 628.2 2.2 218.1 53.2 30.6 486.0 7.9 2.4 2.3 0 72.8 0 71.0 0
Operating Cash Flow 2,192.7 2,108.7 1,648.2 1,701.4 1,766.9 1,640.7 1,324.1 1,016.7 897.4 913.1 666.8 531.0 412.3 186.1 273.2 217.1 114.0 216.8 73.2
Investing Activities
Capital Expenditure (728.0) (833.9) (735.1) (487.2) (313.7) (423.6) (1,188.8) (1,193.9) (675.0) (480.0) (602.3) (673.0) (646.5) (459.3) (142.9) (76.8) (62.2) (135.2) (136.9)
Acquisitions 0 (10.1) (878.9) (49.8) (4.4) (19.4) (2,229.6) (295.4) (159.6) (716.5) (27.6) (1,966.8) (769.0) (612.6) (330.8) (752.8) (101.5) (175) 0
Purchases of Investments 0 0 0 (9.6) 0 0 (2,229.6) (295.7) (159.6) (0.0) (11.4) (64.3) (52.0) (0.9) (0.1) (0.3) (0.4) (8.1) (6.4)
Sales/Maturities of Investments 0 0 0 0 0 0 2,229.6 0 0 21.9 28.6 82.3 52.1 459.3 142.9 76.8 62.2 135.2 0
Other Investing Activities (357.2) 804.8 6.7 328.4 60.6 (5.3) 30.6 29.5 71.0 69.1 146.3 0.2 (0.7) (457.7) (142.1) (71.2) (62.2) (395.2) 0
Investing Cash Flow (1,085.2) (39.2) (1,607.3) (218.2) (257.5) (448.3) (3,387.9) (1,459.8) (763.6) (1,105.5) (466.4) (2,621.6) (1,416.1) (1,071.1) (473.0) (824.3) (164.0) (578.3) (143.3)
Financing Activities
Net Debt Issuance 95.7 34.9 1,090.7 (129.5) (953.0) (136.9) 2,729.6 1,631.3 375.6 423.2 278.5 998.0 247.5 492.6 186.9 299 (101.5) 175 0
Stock Repurchased 0 0 (134.6) (487.6) (217.5) 0 0.9 0 (0.2) (23.5) 0 0 0 0 0 0 0 0 0
Dividends Paid (1,431.0) (1,272.2) (1,142.2) (735.8) (533.8) (771.5) (969.1) (502.5) (442.0) (374.1) (306.5) (228.5) (137) 0 0 0 0 0 0
Other Financing Activities (48.3) (16.0) 127.3 (45.6) (48.0) 36.5 311.9 (258.6) (346.7) 426.2 (279.4) (166.0) (138.9) (35.6) (116.1) (16.2) 65.3 (92.6) 69.6
Financing Cash Flow (1,383.6) (1,253.3) (58.8) (1,398.5) (1,752.2) (872.0) 2,071.6 455.7 (413.3) 451.8 (167.9) 2,044.7 694.3 1,081.0 399.2 564.4 84.0 397.6 69.6
Cash Position
Net Change in Cash (276.1) 816.3 (17.9) 84.7 (242.9) 320.4 7.8 12.6 (279.5) 259.4 32.5 (45.9) (309.5) 196.0 199.5 (42.9) 33.9 397.6 69.6
Cash at Beginning 1,084.4 268.2 286.1 202.0 444.9 98.1 92.1 79.6 359.1 99.7 67.2 113.1 422.6 226.6 27.1 70.0 36.1 (361.5) 0.5
Cash at End 808.4 1,084.4 268.2 286.7 202.0 418.5 100.0 92.1 79.6 359.1 99.7 67.2 113.1 422.6 226.6 27.1 70.0 36.1 70.1
Free Cash Flow 1,464.7 1,274.9 913.1 1,214.2 1,453.2 1,217.0 135.3 (177.2) 222.4 433.1 64.5 (142.0) (234.2) (273.2) 130.3 140.2 51.8 81.6 (63.7)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Income Statement
Revenue 3,843.4 3,605.2 3,106.5 3,251.7 2,877.2 2,772.6 2,746.2 1,990.3 2,248.4 1,804.3 1,561.4 1,273.8 1,053.5 849.4 809.7 494.9 236.5 689.5 255.3
Gross Profit 2,631.2 2,782.5 2,341.2 2,248.5 2,003.2 2,093.4 1,818.7 1,220.8 1,048.8 1,037.1 788.8 652.7 543.3 396.1 482.3 337.8 185.4 356.6 143.1
Operating Income 1,585.6 1,970.7 1,379.6 1,587.9 1,336.3 878.9 1,231.3 625.4 704.4 704.5 34.4 448.3 317.9 147.5 209.2 151.6 80.6 166.0 63.7
Net Income 1,169.6 1,573.6 1,022.2 1,217.1 916.3 527.0 697.2 369.4 376.6 345.8 87.9 221.9 160.2 2.8 75.6 126.1 77.3 126.3 36.6
EPS (Diluted) 3.00 4.02 2.60 3.00 2.18 1.18 1.68 1.69 1.72 1.53 0.39 1.02 0.71 0.01 1.84 1.25 1.99 0.78 0.54
Balance Sheet
Cash & Equivalents 819.5 1,090.5 272.8 286.7 202.0 444.9 100.0 92.1 79.6 359.1 99.7 67.2 113.1 422.6 226.6 27.1 70.0 36.1
Total Assets 14,998.4 13,144.8 12,471.6 11,271.6 11,273.1 11,830.0 12,346.5 9,238.6 8,016.3 7,736.1 6,709.4 6,752.3 4,281.0 3,477.0 2,837.6 1,765.5 1,084.2 1,033.2
Total Debt 8,929.5 8,140.4 7,961.0 6,829.0 6,952.5 7,893.5 7,964.3 5,242.9 3,492.7 3,119.5 2,690.7 2,424.1 1,418.2 1,168.3 669.2 474 0 0
Stockholders' Equity 4,021.2 3,235.6 2,897.4 2,971.7 2,958.1 2,761.1 3,195.7 2,339.9 1,061.1 1,048.1 1,491.4 1,260.2 905.1 912.4 528.9 369.8 0 (175.4)
Cash Flow
Operating Cash Flow 2,192.7 2,108.7 1,648.2 1,701.4 1,766.9 1,640.7 1,324.1 1,016.7 897.4 913.1 666.8 531.0 412.3 186.1 273.2 217.1 114.0 216.8 73.2
Capital Expenditure (728.0) (833.9) (735.1) (487.2) (313.7) (423.6) (1,188.8) (1,193.9) (675.0) (480.0) (602.3) (673.0) (646.5) (459.3) (142.9) (76.8) (62.2) (135.2) (136.9)
Free Cash Flow 1,464.7 1,274.9 913.1 1,214.2 1,453.2 1,217.0 135.3 (177.2) 222.4 433.1 64.5 (142.0) (234.2) (273.2) 130.3 140.2 51.8 81.6 (63.7)