Western Midstream Partners, LP (WES)
| Market Cap | 15.80B |
| Revenue (ttm) | 3.53B |
| Net Income (ttm) | 1.49B |
| Shares Out | 380.56M |
| EPS (ttm) | 3.91 |
| PE Ratio | 10.61 |
| Forward PE | 12.21 |
| Dividend | $3.50 (8.43%) |
| Ex-Dividend Date | Nov 1, 2024 |
| Volume | 1,073,398 |
| Open | 40.67 |
| Previous Close | 40.70 |
| Day's Range | 40.53 - 41.78 |
| 52-Week Range | 27.51 - 42.80 |
| Beta | 2.82 |
| Analysts | Hold |
| Price Target | 38.00 (-8.46%) |
| Earnings Date | Feb 19, 2025 |
About WES
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company 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. The company also buys and sells natural gas, NGLs, and condensate. It operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Mids... [Read more]
Financial Performance
In 2023, WES's revenue was $3.11 billion, a decrease of -4.47% compared to the previous year's $3.25 billion. Earnings were $998.53 million, a decrease of -16.06%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for WES stock is "Hold." The 12-month stock price forecast is $38.0, which is a decrease of -8.46% from the latest price.
News
An 8%+ Retirement Income Cocktail Of: 1 BDC, 1 MLP, And 1 ETF
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Western Midstream: A Rock Solid Investment (Rating Upgrade)
Western Midstream Partners shows impressive growth in free cash flow and EBITDA. I rate Western Midstream a strong buy due increasing demand for natural gas in the long term. Demand is at least partia...
Western Midstream: Deeply Undervalued With An 8.7% Yield
I recommend a 'Strong buy' for Western Midstream Partners LP due to its unmatched 8.7% forward distribution yield and 33% upside potential. WES's strategic positioning in key U.S. oil-rich regions and...
Retirement Income With 9% Yield And Growth: Western Midstream
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Western Midstream: A 9% Yield, Undervalued, And Still Room To Grow
By many measures, WES is undervalued for a Permian-focused midstream company. The company's growth rate may be slowing, but is far from a standstill. 2025 is projected to a respectable mid-single digi...
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Western Midstream: The Unbearable Tightness Of Oxy's Embrace - Yet Still Appealing
Western Midstream offers a high, tax-deferred yield and strong fundamentals, with potential for increased distributions and enhanced payouts in 2025. WES's affiliation with Occidental Petroleum (OXY) ...
Western Midstream Partners: A Great, Almost Double-Digit Yield
Western Midstream Partners, LP has a more than 9.2% dividend yield that the company can afford with its FCF. The company is continuing to grow with its capital spending, with double-digit YoY adjusted...
Western Midstream: 9% Yield Looks Solid Despite Moderating Growth
Western Midstream Partners continues to hit throughput records in the Delaware basin, but slower growth is expected going forward. With the moderation in growth, I am slightly reducing my projections ...
MPLX Vs. Western Midstream: Two Highest Yielding MLPs, One Is Superior
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WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER POST-EARNINGS INTERVIEW WITH CEO, OSCAR BROWN, AND CFO, KRISTEN SHULTS
AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON , Nov. 11, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that tomorrow before ...
Western Midstream: 9% Yield With Growth Tailwinds From Permian Gas Expansion
Western Midstream offers a high 9% yield, benefiting from rising gas production in the Permian Basin. The company is expanding its gas gathering and processing capacity, particularly in the Delaware B...
Western Midstream Partners, LP Common Units (WES) Q3 2024 Earnings Call Transcript
Western Midstream Partners, LP Common Units (NYSE:WES) Q3 2024 Earnings Conference Call November 7, 2024 2:00 PM ET Company Participants Daniel Jenkins - Director of Investor Relations Oscar Brown - ...
WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER 2024 RESULTS
Reported third-quarter 2024 Net income attributable to limited partners of $281.8 million, generating third-quarter Adjusted EBITDA(1) of $566.9 million. Reported third-quarter 2024 Cash flows provide...
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