Western Midstream Partners, LP (WES)
| Market Cap | 16.92B +18.0% |
| Revenue (ttm) | 4.05B +11.4% |
| Net Income | 1.20B -6.6% |
| EPS | 3.04 -8.9% |
| Shares Out | 393.78M |
| PE Ratio | 14.12 |
| Forward PE | 12.34 |
| Dividend | $3.72 (8.66%) |
| Ex-Dividend Date | May 1, 2026 |
| Volume | 3,749,067 |
| Open | 43.32 |
| Previous Close | 43.68 |
| Day's Range | 42.58 - 43.63 |
| 52-Week Range | 36.90 - 48.01 |
| Beta | 0.65 |
| Analysts | Hold |
| Price Target | 45.00 (+4.75%) |
| 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 $45.0, which is an increase of 4.75% from the latest price.
News
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.
1Q26 MLP/Midstream Dividends: Growth Trend Continues
Key Takeaways: On a year-over-year basis, 96.0% of the Alerian Midstream Energy Index (AMNA) by weighting have grown their dividends. MLPs largely drove sequential growth in payouts for 1Q26, while mo...
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.
Western Midstream Partners Slides: Q1 2026
Western Midstream Partners has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 7, 2026.
Western Midstream Partners Earnings release: Q1 2026
Western Midstream Partners released its Q1 2026 earnings on May 7, 2026, summarizing the period's financial results.
Western Midstream announces acquisition of Brazos Delaware for $1.6B
Western Midstream (WES) Partners announced that it has entered into a definitive agreement pursuant to which WES will acquire all of the outstanding equity interests of Brazos Delaware II in…
Western Midstream signs $1.6 billion deal to expand in Permian Basin
Western Midstream Partners said on Wednesday it would acquire privately held Brazos Delaware II in a $1.6 billion deal, expanding its gathering and processing footprint in the core of the Permian...
Western Midstream Announces First-Quarter 2026 Results
Reported first-quarter 2026 Net income attributable to limited partners of $342.4 million, generating record first-quarter Adjusted EBITDA(1) of $683.1 million, which represents a 15-percent increase ...
Western Midstream Announces Acquisition of Brazos Delaware
Expands WES's natural-gas and crude-oil and NGLs gathering and processing footprint across the core of the Delaware Basin. Adds approximately 470,000 dedicated acres and 460 MMcf/d of natural-gas proc...
Western Midstream Announces First-Quarter 2026 Distribution and Earnings Conference Call
HOUSTON, April 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 ...
Western Midstream price target lowered to $43 from $44 at JPMorgan
JPMorgan lowered the firm’s price target on Western Midstream (WES) to $43 from $44 and keeps a Neutral rating on the shares. The firm updated the company’s model post the…