Western Midstream Partners, LP (WES)
| Market Cap | 18.63B +36.2% |
| Revenue (ttm) | 4.05B +11.4% |
| Net Income | 1.20B -6.6% |
| EPS | 3.04 -8.9% |
| Shares Out | 393.67M |
| PE Ratio | 15.55 |
| Forward PE | 13.86 |
| Dividend | $3.72 (7.86%) |
| Ex-Dividend Date | May 1, 2026 |
| Volume | 1,543,475 |
| Open | 47.43 |
| Previous Close | 47.17 |
| Day's Range | 46.72 - 47.45 |
| 52-Week Range | 36.90 - 47.45 |
| Beta | 0.67 |
| Analysts | Hold |
| Price Target | 42.82 (-9.53%) |
| Earnings Date | May 6, 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 13 analysts, the average rating for WES stock is "Hold." The 12-month stock price target is $42.82, which is a decrease of -9.53% from the latest price.
News
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…
Western Midstream Partners Transcript: Fireside chat
Fourth quarter and full year 2025 saw strong financial performance, with Adjusted EBITDA and Free Cash Flow exceeding guidance. Cost-cutting and efficiency initiatives reduced O&M expenses, and 2026 guidance projects continued growth, disciplined capital allocation, and increased distributions.
Western Midstream Announces Fourth-Quarter Post-Earnings Interview with CFO, Kristen Shults
and Participation in Upcoming Investor Conferences HOUSTON, Feb. 23, 2026 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that tomorrow before t...
Western Midstream price target lowered to $42 from $43 at Stifel
Stifel lowered the firm’s price target on Western Midstream (WES) to $42 from $43 and keeps a Hold rating on the shares.
Western Midstream Partners Earnings Call Transcript: Q4 2025
Record 2025 results driven by throughput growth and cost reductions, with the Aris acquisition expanding water solutions and synergies. 2026 guidance anticipates moderated growth due to lower producer activity and commodity prices, but long-term EBITDA growth and distribution increases remain on track.
Western Midstream Partners Annual report: Q4 2025
Western Midstream Partners has published its Q4 2025 annual report on February 19, 2026.
Western Midstream Partners Earnings release: Q4 2025
Western Midstream Partners released its Q4 2025 earnings on February 19, 2026, summarizing the period's financial results.
Western Midstream Partners Slides: Q4 2025
Western Midstream Partners has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on February 19, 2026.
Kinetik could be up 5%-8% on FT article, says Clear Street
Clear Street says Kinetik Holdings (KNTK) shares could be up 5%-8% this morning after the Financial Times reported on potential takeover interest from Western Midstream Partners (WES). The article say...
Kinetik receives takeover interest from Western Midstream, FT reports
Kinetik (KNTK), a $7.2B gas pipeline operator with roughly 4,600 miles of pipeline in the Delaware Basin, is considering a sale following interest from Western Midstream Partners (WES), backed by…