Western Midstream Partners (WES) Stock Price, News & Analysis

Company Overview

Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership’s primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.

The company’s asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado. Its infrastructure network comprises thousands of miles of dedicated pipelines, multiple natural gas processing plants, saltwater disposal wells and crude oil and NGL terminals. These strategically located facilities enable Western Midstream to deliver flexibility and reliability in meeting the evolving needs of exploration and production companies across its operating regions.

Since its spin-off in 2012 from Western Refining, Western Midstream has pursued disciplined growth through organic expansions and strategic acquisitions. The partnership places a strong emphasis on safety, sustainability and environmental stewardship, implementing advanced technologies and practices to minimize emissions, manage produced water responsibly and support local communities. This focus helps maintain reliable operations while adhering to regulatory and industry standards.

Leadership at Western Midstream is headed by President and Chief Executive Officer Steven Wieting, who brings extensive experience in the energy sector and has guided the partnership’s strategic direction toward optimizing cash flow and investment returns. The senior management team, comprising executives with backgrounds in engineering, operations, finance and commercial development, underscores the company’s commitment to maintaining a high standard of corporate governance and operational excellence.

Key Stats

• Today's Range: $38.70 to $39.19
• 50-Day Range: $37.55 to $41.12
• 52-Week Range: $33.60 to $43.33
• Volume: 153,561 shs
• Average Volume: 1.18 million shs
• Market Capitalization: $14.86 billion
• P/E Ratio: 11.97
• Dividend Yield: 9.34%
• Price Target: $39.60
• Consensus Rating: Reduce

Western Midstream Partners Stock Analysis - MarketRank™

Western Midstream Partners scored higher than 25% of companies evaluated by MarketBeat, and ranked 229th out of 266 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Western Midstream Partners has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on 1 buy rating, 2 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Western Midstream Partners has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -13.68%

Earnings Growth

Earnings for Western Midstream Partners are expected to decrease by -13.68% in the coming year, from $4.02 to $3.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Western Midstream Partners is 12.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 269.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western Midstream Partners is 12.06, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 67.52.

Price to Book Value per Share Ratio

Western Midstream Partners has a P/B Ratio of 4.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.56% of the float of Western Midstream Partners has been sold short.

Short Interest Ratio / Days to Cover

Western Midstream Partners has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Western Midstream Partners has recently increased by 2.65%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Western Midstream Partners is a leading dividend payer. It pays a dividend yield of 9.28%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Western Midstream Partners has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Western Midstream Partners is 112.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Western Midstream Partners will have a dividend payout ratio of 104.90% in the coming year. This indicates that Western Midstream Partners may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.56% of the float of Western Midstream Partners has been sold short.

Short Interest Ratio / Days to Cover

Western Midstream Partners has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Western Midstream Partners has recently increased by 2.65%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.84

News Sentiment

Western Midstream Partners has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.96 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Western Midstream Partners this week, compared to 6 articles on an average week.

Search Interest

25 people have searched for WES on MarketBeat in the last 30 days. This is an increase of 47% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Western Midstream Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -46% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Western Midstream Partners insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.04% of the stock of Western Midstream Partners is held by insiders.

Percentage Held by Institutions

84.82% of the stock of Western Midstream Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WES Stock Analysis - Frequently Asked Questions

How have WES shares performed this year?

Western Midstream Partners' stock was trading at $38.43 at the start of the year. Since then, WES stock has increased by 1.9% and is now trading at $39.1790.

How were Western Midstream Partners' earnings last quarter?

Western Midstream Partners, LP (NYSE:WES) posted its quarterly earnings results on Wednesday, August, 6th. The pipeline company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year.
Read the conference call transcript.

Who are Western Midstream Partners' major shareholders?

Western Midstream Partners' top institutional shareholders include Invesco Ltd. (6.35%), Chickasaw Capital Management LLC (1.78%), Kingstone Capital Partners Texas LLC (1.05%) and Kayne Anderson Capital Advisors LP (0.90%). Insiders that own company stock include Petroleum Corp /De/ Occidental, Kenneth F Owen and Lisa A Stewart.
View institutional ownership trends.

How do I buy shares of Western Midstream Partners?

Shares of WES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Western Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Western Midstream Partners investors own include NVIDIA (NVDA), Enterprise Products Partners (EPD), Meta Platforms (META), Energy Transfer (ET), Broadcom (AVGO), Advanced Micro Devices (AMD) and Exxon Mobil (XOM).

Company Calendar

• Record date for 8/14 Dividend: 8/01/2025
• Ex-Dividend for 8/14 Dividend: 8/01/2025
• Last Earnings: 8/06/2025
• Dividend Payable: 8/14/2025
• Today: 9/02/2025
• Next Earnings (Estimated): 11/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Oil Refining & Marketing MLP
• Sub-Industry: Utilities
• Current Symbol: NYSE:WES
• CIK: 1423902
• Web: www.westernmidstream.com
• Phone: (346) 786-5000
• Fax: 832-636-6001
• Employees: 1,511
• Year Founded: 2007

Price Target and Rating

• Average Price Target for Western Midstream Partners: $39.60
• High Price Target: $46.00
• Low Price Target: $37.00
• Potential Upside/Downside: +1.1%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.25
• Trailing P/E Ratio: 12.06
• Forward P/E Ratio: 9.75
• P/E Growth: N/A
• Net Income: $1.57 billion
• Net Margins: 34.45%
• Pretax Margin: 36.13%
• Return on Equity: 37.70%
• Return on Assets: 9.97%

Debt

• Debt-to-Equity Ratio: 2.08
• Current Ratio: 1.30
• Quick Ratio: 1.30

Sales & Book Value

• Annual Sales: $3.61 billion
• Price / Sales: 4.14
• Cash Flow: $5.87 per share
• Price / Cash Flow: 6.68
• Book Value: $8.87 per share
• Price / Book: 4.42

Miscellaneous

• Outstanding Shares: 381,330,000
• Free Float: 381,176,000
• Market Cap: $14.94 billion
• Optionable: Optionable
• Beta: 1.18