Western Midstream Partners, LP (WES)
NYSE: WES · Real-Time Price · USD
48.59
-0.33 (-0.67%)
Aug 17, 2026, 4:00 PM EDT - Market closed

WES Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
4,3323,8433,6053,1063,2522,877
Revenue Growth
18.00%6.61%16.05%-4.47%13.02%3.77%
Gross Profit
2,9752,7212,5522,1792,1761,974
Operating Income
1,7071,5411,5681,2901,3211,162
Net Income
1,2561,1541,537998.531,190896.48
Earnings Per Share
3.172.984.022.603.002.18
EPS Growth
-2.52%-25.87%54.62%-13.33%37.64%84.71%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Fee-Based Service
3,6923,4533,2482,7692,6022,463
Product-Based Service
285.58193.87215.78191.73249.69122.58
Product
344.31194.68140.1145.02399.02290.95
Other Product
10.541.81.090.970.950.79
Revenue (Total)
4,3323,8433,6053,1063,2522,877

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
104.77819.491,090272.79286.66202
Total Debt
9,1298,8198,1407,9616,8296,953
Net Cash (Debt)
-9,024-8,000-7,050-7,688-6,542-6,751
Net Cash Growth
------
Net Cash Per Share
-22.75-20.62-18.43-20.00-16.51-16.38

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,1322,2232,1371,6611,7011,767
Capital Expenditures
-913.03-727.99-833.86-735.17-487.23-313.67
Free Cash Flow
1,2191,4951,303926.171,2141,453
Free Cash Flow Growth
-15.97%14.71%40.69%-23.72%-16.45%19.72%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
68.67%70.78%70.80%70.16%66.93%68.59%
Operating Margin
39.40%40.11%43.49%41.51%40.63%40.39%
Pretax Margin
30.87%31.94%45.19%33.88%38.61%32.47%
Profit Margin
29.00%30.04%42.63%32.14%36.58%31.16%
FCF Margin
28.15%38.89%36.14%29.81%37.34%50.51%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
3.7203.6403.5002.2122.0001.284
Dividend Per Share Growth
3.08%4.00%58.19%10.63%55.76%3.21%
Dividend Yield
7.66%9.82%10.65%9.66%10.44%8.66%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
15.3313.969.5211.128.6910.15
Forward PE
12.6210.6511.349.128.198.16
P/FCF Ratio
16.4610.7811.2211.998.526.26
PS Ratio
4.634.194.063.583.183.16