Western Midstream Partners, LP (WES)
| Market Cap | 18.38B +19.0% |
| Revenue (ttm) | 4.05B +11.4% |
| Net Income | 1.20B -6.6% |
| EPS | 3.04 -8.9% |
| Shares Out | 393.78M |
| PE Ratio | 15.34 |
| Forward PE | 13.17 |
| Dividend | $3.72 (7.97%) |
| Ex-Dividend Date | Jul 31, 2026 |
| Volume | 772,050 |
| Open | 46.01 |
| Previous Close | 46.74 |
| Day's Range | 45.90 - 46.97 |
| 52-Week Range | 36.90 - 48.63 |
| Beta | 0.66 |
| Analysts | Hold |
| Price Target | 46.00 (-1.44%) |
| Earnings Date | Aug 5, 2026 |
About WES
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company 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 of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling... [Read more]
Financial Performance
In 2025, WES's revenue was $3.84 billion, an increase of 6.61% compared to the previous year's $3.61 billion. Earnings were $1.15 billion, a decrease of -24.88%.
Financial StatementsAnalyst Summary
According to 14 analysts, the average rating for WES stock is "Hold." The 12-month stock price target is $46.0, which is a decrease of -1.44% from the latest price.
News
Western Midstream Partners Registration statement: Registration filing
Western Midstream Partners filed a registration statement on July 28, 2026, providing details about a securities offering with the SEC.
Western Midstream price target raised to $41 from $40 at RBC Capital
RBC Capital raised the firm’s price target on Western Midstream (WES) to $41 from $40 and keeps a Sector Perform rating on the shares as part of a broader research…
Western Midstream Announces Second-Quarter 2026 Distribution and Earnings Conference Call
HOUSTON, July 20, 2026 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly c...
Western Midstream price target raised to $47 from $46 at JPMorgan
JPMorgan raised the firm’s price target on Western Midstream (WES) to $47 from $46 and keeps a Neutral rating on the shares. The firm updated the company’s model ahead of…
Western Midstream price target raised to $51 from $48 at Mizuho
Mizuho raised the firm’s price target on Western Midstream (WES) to $51 from $48 and keeps an Outperform rating on the shares. The firm adjusted the company’s estimates ahead of…
Western Midstream price target raised to $48 from $45 at UBS
UBS analyst Manav Gupta raised the firm’s price target on Western Midstream (WES) to $48 from $45 and keeps a Neutral rating on the shares.
Western Midstream Announces Availability of 2025 Schedule K-3
HOUSTON, July 1, 2026 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that its 2025 Schedule K-3 reflecting items of international tax relevance...
Western Midstream Announces Pricing of Notes Offering
HOUSTON, June 22, 2026 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced today that its subsidiary, Western Midstream Operating, LP ("WES Operating"), h...
Western Midstream files automatic mixed securities shelf
08:17 EDT Western Midstream (WES) files automatic mixed securities shelf
Western Midstream resumed with an Outperform at Mizuho
Mizuho analyst Gabriel Moreen resumed coverage of Western Midstream (WES) with an Outperform rating and $48 price target following the Brazos Midstream transaction. The firm views Brazos as complement...
Western Midstream announces second treatment pilot facility in Texas
Western Midstream (WES) Partners, alongside its Joint Industry Project, or JIP, collaborators Chevron (CVX) U.S.A., ConocoPhillips (COP), Devon Energy Corporation (DVN), and Exxon Mobil (XOM), announc...
Western Midstream Announces Start-up of Second Produced-Water Treatment Facility in the Permian Basin
The produced-water treatment pilot facility is a Joint Industry Project (JIP) between Western Midstream, Chevron, ConocoPhillips, Devon, and ExxonMobil. The facility is designed to produce approximate...
Western Midstream Announces Closing of Brazos Delaware Acquisition
HOUSTON, June 11, 2026 /PRNewswire/ -- Western Midstream Partners, LP ("WES" or the "Partnership") (NYSE: WES) today announced it closed the previously announced acquisition of Brazos Delaware II, LLC...
Western Midstream upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Robert Kad upgraded Western Midstream (WES) to Equal Weight from Underweight with a $51 price target Recent M&A has repositioned Western strategically, offering greater visibili...
Western Midstream price target raised to $51 from $41 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Western Midstream (WES) to $51 from $41 and keeps an Underweight rating on the shares.
Western Midstream price target raised to $51 from $41 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Western Midstream (WES) to $51 from $41 and keeps an Underweight rating on the shares.
Western Midstream price target raised to $45 from $40 at UBS
UBS raised the firm’s price target on Western Midstream (WES) to $45 from $40 and keeps a Neutral rating on the shares.
Western Midstream price target raised to $43 from $41 at Wells Fargo
Wells Fargo raised the firm’s price target on Western Midstream (WES) to $43 from $41 and keeps an Equal Weight rating on the shares. The firm is also raising 2026-2027…
Western Midstream Partners Transcript: Investor update
Adjusted EBITDA rose 15% year-over-year, driven by acquisitions, throughput growth, and cost discipline. The $1.6B Brazos acquisition expands Delaware Basin capacity and is immediately accretive, with leverage and distribution targets maintained. Guidance is trending toward the high end of prior ranges.
Western Midstream price target raised to $42 from $39 at Citi
Citi raised the firm’s price target on Western Midstream (WES) to $42 from $39 and keeps a Neutral rating on the shares.
Western Midstream Announces First-Quarter Post-Earnings Interview with CEO, Oscar Brown and VP, Jon Greenberg
and Participation in Upcoming Investor Conferences HOUSTON, May 11, 2026 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that tomorrow before th...
Western Midstream upgraded to Buy from Hold at Stifel
Stifel analyst Selman Akyol upgraded Western Midstream (WES) to Buy from Hold with a price target of $46, up from $42. The company reported a Q1 beat and commentary on…
Western Midstream Partners Earnings Call Transcript: Q1 2026
Record Q1 adjusted EBITDA and distributable cash flow were driven by the Aris acquisition, throughput growth, and cost reductions. The $1.6B Brazos acquisition will expand the Delaware Basin footprint and is expected to be immediately accretive, with guidance trending to the high end for 2026.
Western Midstream Partners Quarterly report: Q1 2026
Western Midstream Partners has published its Q1 2026 quarterly earnings report on May 7, 2026.