YOLFTbeta
Western Midstream Partners LP

Western Midstream Partners LP

WES · NYSE · Energy / Oil & Gas Midstream

42.23USD+0.45 (+1.08%)

Price History

Full chart

Market Stats

Previous Close41.78
Open42.40
Day Range41.92 – 42.54
52-Week Range34.02 – 50.07
Volume1.88M
Market Cap18.57B
P/E (TTM)14.31
Forward P/E11.30
EPS3.14
Dividend Yield8.28%
Beta0.66
50-Day Avg47.60
200-Day Avg43.54

About

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 solutions. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Midstream
  • CEOMr. Oscar K. Brown
  • Employees1.70K
  • Headquarters9950 Woodloch Forest Drive, The Woodlands, TX, United States, 77380, USA
  • Websitehttps://www.westernmidstream.com

Leadership

  • Mr. Oscar K. BrownPresident, CEO & Director - Western Midstream Holdings LLC · b. 1971
  • Ms. Kristen S. Shults CPASenior VP & CFO - Western Midstream Holdings LLC · b. 1985
  • Mr. Daniel P. HoldermanSenior VP & COO of Western Midstream Holdings, LLC · b. 1980
  • Ms. Catherine A. GreenSenior VP & Chief Accounting Officer of Western Midstream Holdings, LLC · b. 1974
  • Mr. Christopher B. Dial J.D.Senior VP, General Counsel & Corporate Secretary of Western Midstream Holdings, LLC · b. 1977
  • Mr. Coby DonaldsonVP & Chief Information Officer of Western Midstream Holdings LLC
  • Mr. Daniel Edwards Jenkins IVDirector of Investor Relations - Western Midstream Holdings LLC
  • Ms. Crystal J. SledChief Human Resources Officer & Senior VP - Western Midstream Holdings LLC
  • Mr. Jonathon E. VandenBrandSenior Vice President of Commercial - Western Midstream Holdings LLC
  • Mr. Ben HansenSenior Vice President of Business Services of Western Midstream Holdings, LLC

Financials

Income Statement

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue81.15M255.35M689.48M236.54M494.87M809.67M849.44M1.05B1.27B1.56B1.80B2.25B1.99B2.75B2.77B2.88B3.25B3.11B3.61B3.84B
Growth (%)-+214.66%+170.01%-65.69%+109.21%+63.61%+4.91%+24.02%+20.91%+22.58%+15.56%+24.61%-11.48%+37.98%+0.96%+3.77%+13.02%-4.47%+16.06%+6.61%
Cost of Revenue36.76M112.28M332.88M51.14M157.05M327.37M453.34M510.20M621.11M772.60M767.13M1.20B769.46M927.50M679.17M873.91M1.00B765.27M822.68M1.21B
Gross Profit44.39M143.07M356.60M185.41M337.82M482.30M396.10M543.29M652.65M788.77M1.04B1.05B1.22B1.82B2.09B2.00B2.25B2.34B2.78B2.63B
Gross Margin54.70%56.03%51.72%78.38%68.26%59.57%46.63%51.57%51.24%50.52%57.48%46.65%61.34%66.23%75.50%69.63%69.15%75.37%77.18%68.46%
Operating Expense21.21M79.35M190.60M104.78M186.17M273.10M248.61M225.37M204.31M754.39M332.61M344.39M595.46M587.33M1.21B666.97M660.57M961.65M811.81M1.05B
Operating Income23.18M63.71M165.99M80.63M151.65M209.19M147.49M317.93M448.34M34.39M704.53M704.40M625.36M1.23B878.91M1.34B1.59B1.38B1.97B1.59B
Operating Margin28.57%24.95%24.07%34.09%30.64%25.84%17.36%30.18%35.20%2.20%39.05%31.33%31.42%44.84%31.70%46.44%48.83%44.41%54.66%41.26%
EBITDA-94.50M249.38M249.30M288.70M349.61M279.32M482.68M710.59M814.00M910.02M1.01B1.28B1.60B1.38B1.85B2.16B1.99B2.64B2.30B
EBITDA Margin-37.01%36.17%105.39%58.34%43.18%32.88%45.82%55.79%52.13%50.44%45.08%64.56%58.09%49.79%64.29%66.42%64.02%73.37%59.92%
Net Income9.71M36.56M126.32M77.34M126.07M75.64M2.81M160.16M221.91M87.86M345.77M376.61M369.43M697.24M527.01M916.29M1.22B1.02B1.57B1.17B
Net Income Margin11.97%14.32%18.32%32.70%25.47%9.34%0.33%15.20%17.42%5.63%19.16%16.75%18.56%25.39%19.01%31.85%37.43%32.91%43.65%30.43%
R&D-----00000000-------
R&D as % of Total Revenue-----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense07.80M364.00K9.96M18.79M30.34M42.06M47.35M76.77M113.87M116.63M144.62M183.83M303.29M380.06M363.81M321.73M335.83M365.21M390.49M
Interest Expense % of Total Revenue0.00%3.06%0.05%4.21%3.80%3.75%4.95%4.49%6.03%7.29%6.46%6.43%9.24%11.04%13.71%12.64%9.89%10.81%10.13%10.16%

Balance Sheet

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets332.23M376.64M1.03B1.08B1.77B2.84B3.48B4.28B6.75B6.71B7.74B8.02B9.24B12.35B11.83B11.27B11.27B12.47B13.14B15.00B
Total Liabilities93.70M95.33M228.53M483.44M1.08B1.37B1.40B1.69B2.74B3.22B3.63B4.07B5.73B9.00B8.93B8.18B8.16B9.44B9.77B10.84B
Total Equity238.53M281.32M-175.43M600.78M369.84M528.87M912.38M905.08M1.26B3.49B4.11B3.94B3.50B3.35B2.90B3.10B2.97B2.90B3.24B4.02B
Cash458.00K-36.07M69.98M27.07M226.56M422.56M113.08M67.21M99.69M359.07M79.59M92.14M99.96M444.92M202.00M286.66M272.79M1.09B819.49M
Total Debt----474.00M669.18M1.17B1.42B2.42B5.40B6.21B6.96B4.82B7.96B7.85B6.91B6.83B7.96B8.14B8.93B
Net Debt---36.07M-69.98M446.93M442.62M745.72M1.31B2.36B2.61B2.76B3.41B4.70B7.85B6.97B6.20B6.54B7.69B7.05B8.11B

Cash Flow

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow27.32M73.22M216.79M113.96M217.07M273.22M186.11M412.30M530.97M666.77M913.08M897.41M1.02B1.32B1.64B1.77B1.70B1.65B2.11B2.19B
Investing Cash Flow--143.27M-578.28M-164.01M-824.34M-472.95M-1.07B-1.42B-2.62B-466.42M-1.11B-763.60M-1.46B-3.39B-448.25M-257.54M-218.24M-1.61B-39.17M-1.09B
Financing Cash Flow15.84M69.59M397.56M83.96M564.36M399.21M1.08B694.29M2.04B-167.87M451.84M-413.29M455.66M2.07B-844.20M-1.75B-1.40B-58.83M-1.25B-1.38B
Capital Expenditure42.30M136.87M135.19M62.17M76.83M142.95M459.31M646.47M673.00M602.29M479.99M675.02M1.19B1.19B423.09M313.67M487.23M735.08M833.86M727.99M
Free Cash Flow--63.65M81.61M51.78M140.24M130.28M-273.20M-234.17M-142.03M64.48M433.08M222.39M-177.20M135.27M1.21B1.45B1.21B913.12M1.27B1.46B
Dividends Paid--24.81M70.07M94.19M140.12M197.85M137.00M228.48M306.48M374.08M441.97M502.46M969.07M695.83M533.76M735.75M1.14B1.27B1.43B
FCF to OCF--86.93%37.64%45.44%64.60%47.68%-146.80%-56.80%-26.75%9.67%47.43%24.78%-17.43%10.22%74.16%82.25%71.36%55.40%60.46%66.80%
Dividend Paid to FCF--30.41%135.30%67.17%107.55%-72.42%-58.50%-160.87%475.28%86.38%198.74%-283.55%716.39%57.30%36.73%60.60%125.09%99.79%97.70%

Earnings

Report DateFeb 27, 2013May 1, 2013Jul 31, 2013Nov 6, 2013Feb 27, 2014May 7, 2014Aug 5, 2014Oct 28, 2014Feb 18, 2015May 5, 2015Jul 29, 2015Oct 28, 2015Feb 25, 2016May 3, 2016Jul 26, 2016Nov 1, 2016Feb 23, 2017May 2, 2017Jul 25, 2017Oct 31, 2017Feb 15, 2018May 1, 2018Jul 31, 2018Oct 30, 2018Feb 14, 2019Apr 30, 2019Jul 30, 2019Nov 4, 2019Feb 27, 2020May 5, 2020Aug 10, 2020Nov 9, 2020Feb 23, 2021May 10, 2021Aug 9, 2021Nov 9, 2021Feb 23, 2022May 10, 2022Aug 3, 2022Nov 2, 2022Feb 22, 2023May 3, 2023Aug 8, 2023Nov 1, 2023Feb 21, 2024May 8, 2024Aug 7, 2024Nov 6, 2024Feb 19, 2025May 7, 2025Aug 6, 2025Nov 4, 2025Feb 18, 2026May 6, 2026Aug 5, 2026Nov 3, 2026
EPS Estimate0.130.140.140.170.190.210.260.270.260.240.250.250.260.270.330.350.360.430.410.390.400.420.400.490.600.490.500.460.460.510.510.520.580.530.590.630.650.610.770.740.720.650.670.650.800.810.860.850.880.820.840.900.910.780.900.88
EPS Actual-0.010.130.160.200.220.230.250.270.260.250.310.40-0.230.320.410.420.410.350.480.440.450.460.310.490.430.300.370.270.620.760.610.570.620.480.540.680.580.750.740.670.850.520.640.690.760.840.800.750.880.820.880.900.470.870.99-
Surprise-107.69%-7.14%14.29%17.65%15.79%9.52%-3.85%0.00%0.00%4.17%24.00%60.00%-188.46%18.52%24.24%20.00%13.89%-18.60%17.07%12.82%12.50%9.52%-22.50%0.00%-28.33%-38.78%-26.00%-41.30%34.78%49.02%19.61%9.62%6.90%-9.43%-8.47%7.94%-10.77%22.95%-3.90%-9.46%18.06%-20.00%-4.48%6.15%-5.00%3.70%-6.98%-11.76%-0.01%0.00%4.76%0.00%-48.35%11.54%10.00%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap18.57B
Enterprise Value27.89B
Trailing P/E14.31
Forward P/E11.30
PEG Ratio5.48
Price / Sales4.29
Price / Book4.43
EPS3.14
Book Value8.54
Revenue (TTM)4.33B
Gross Profit (TTM)2.97B
EBITDA2.50B
Profit Margin29.00%
Operating Margin41.67%
Return on Equity34.11%
Return on Assets7.49%
Shares Outstanding413.17M
Shares Float261.83M
Beta0.66
Dividend Yield8.28%
Dividend Rate3.72
Payout Ratio113.93%

Analyst Ratings

Hold
Based on 13 analystsTarget 49.69
  • Strong Buy
    3
  • Hold
    8
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
43.67%
Insiders
36.59%
Retail / Other
19.74%

Top Institutional Holders

  • ALPS Advisors Inc
    36.63M8.87%
  • Amvescap Plc.
    24.05M5.82%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    8.87M2.15%
  • The Goldman Sachs Group Inc
    8.76M2.12%
  • Blackstone Inc
    8.76M2.12%
  • Tortoise Midstream Energy Fund, Inc.
    6.51M1.57%
  • Neuberger Berman Group LLC
    6.28M1.52%
  • Chickasaw Capital Management, LLC
    5.51M1.33%
  • Morgan Stanley - Brokerage Accounts
    4.55M1.10%
  • Kayne Anderson Capital Advisors LP
    3.93M0.95%
  • UBS Group AG
    3.72M0.90%

Top Fund Holders

  • Alerian MLP ETF
    37.05M8.97%
  • Invesco SteelPath MLP Income Y
    15.87M3.84%
  • Global X MLP ETF
    5.14M1.24%
  • Invesco SteelPath MLP Select 40 Y
    4.11M1.00%
  • Goldman Sachs MLP Energy Infras Instl
    3.47M0.84%
  • Kayne Anderson Energy Infrastructure
    3.25M0.79%
  • Global X MLP & Energy Infrastructure ETF
    2.96M0.72%
  • Invesco SteelPath MLP Alpha Y
    2.77M0.67%
  • Tortoise Energy Infrastructure TR Ins
    2.72M0.66%

Dividends

20264×
0.93Nov 2, 20260.93Jul 31, 20260.93May 1, 20260.91Feb 2, 2026
20254×
0.91Oct 31, 20250.91Aug 1, 20250.91May 2, 20250.88Feb 3, 2025
20244×
0.88Nov 1, 20240.88Aug 1, 20240.88Apr 30, 20240.57Jan 31, 2024
20234×
0.57Oct 31, 20230.56Jul 28, 20230.86Apr 28, 20230.50Jan 31, 2023
20224×
0.50Oct 28, 20220.50Jul 29, 20220.50Apr 29, 20220.33Jan 28, 2022
20214×
0.32Oct 29, 20210.32Jul 29, 20210.32Apr 29, 20210.31Jan 29, 2021

Stock Splits

  • Nov 26, 201410:9