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WES

28.38USD+0.20(+0.71%)Market Closed

Western Midstream Partners, LP

Market Summary

USD28.38+0.20Market Closed
0.71%

WES Stock Price

RSI Chart

Valuation

Market Cap

11.0B

Price/Earnings

9.85

Price/Sales

3.52

Price/Cashflow

6.11

MarketCap/EBT

9.65

Price/Sales

Profitability

EBT Margin

36.51%

Return on Assets

9.78%

Fundamentals

Revenue

Revenue (TTM)

3.2B

Revenue Y/Y

9.65%

Revenue Q/Q

-4.43%

Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

3.92%

Earnings Q/Q

-13.25%

Price Action

52 Week Range

29.18
(Low)(High)

Last 7 days

5.1%

Last 30 days

1.6%

Last 90 days

6.6%

Trailing 12 Months

55.2%

Financial Health

Current Ratio

1.14

Debt/Cashflow

0.27

Investor Care

Buy Backs (1Y)

5.71%

Financials for Western Midstream Partners

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.4%3,1913,1182,9602,8772,805
Operating Expenses8.5%635585570581578
  S&GA Expenses-1.1%200202199196177
Earnings Before Taxes0.7%1,1471,1381,061934971
Net Income0.9%1,1241,1141,039916937
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.7%11,47311,38911,44611,27311,419
  Current Assets3.8%896863906685757
    Cash Equivalents63.3%15997248202100
  Net PPE0.7%8,5408,4788,4758,5138,524
  Goodwill0%55555
Liabilities4.7%8,4678,0848,1758,1778,323
  Current Liabilities-1.2%7467551,3371,1401,307
  Long Term Debt5.6%7,0276,6566,1896,4016,400
Accumulated Depreciation2.5%4,6974,5814,4554,3334,209
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations4.3%1,8741,7971,7821,7671,611
  Share Based Compensation-1.8%2829292827
Cashflow From Investing-32.4%-426.50-322.08-282.68-257.54-208.87
Cashflow From Financing17.5%-1,388.33-1,682.69-1,307.20-1,752.24-1,439.83
  Dividend Payments10.3%674610537534531
  Buy Backs99.7%560280206217137

Risks

What is the probability of a big loss on WES?

69.2%


Probability that Western Midstream Partners stock will be more than 20% underwater in next one year

37.3%


Probability that Western Midstream Partners stock will be more than 30% underwater in next one year.

26.9%


Probability that Western Midstream Partners stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WES drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Western Midstream Partners was unfortunately bought at previous high price.

Returns

Cumulative Returns on WES

2.0%


10-Year Cumulative Returns

4.4%


7-Year Cumulative Returns

3.9%


5-Year Cumulative Returns

28.7%


3-Year Cumulative Returns

What are the long-term rolling returns for WES?

FIve years rolling returns for Western Midstream Partners.

Which funds bought or sold WES recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
London & Capital Asset Management Ltd
-
-
23,000
695,000
0.06%
2022-11-22
B. Riley Wealth Advisors, Inc.
NEW
-
907,000
907,000
0.03%
2022-11-21
FourThought Financial, LLC
-
-
1,000
38,000
0.01%
2022-11-17
M&T Bank Corp
-
-
-38,000
219,000
-%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
-
17,000
-%
2022-11-16
GLENMEDE TRUST CO NA
ADDED
6.12
156,000
1,745,000
0.01%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
12.84
33,000
231,000
-%
2022-11-15
CASTLEARK MANAGEMENT LLC
REDUCED
-20
-974,000
4,685,000
0.26%
2022-11-15
JANE STREET GROUP, LLC
REDUCED
-40.8
-1,413,000
2,234,000
-%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
UNCHANGED
-
2,000
66,000
0.01%

1–10 of 41

Latest Funds Activity

Are funds buying WES calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own WES

Western Midstream Partners News

MarketBeat

Western Midstream Partners, LP (NYSE:WES) Short Interest Update.14 hours ago

WES Fair Value

Recent SEC filings of Western Midstream Partners

View All Filings
Date Filed Form Type Document
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 02, 2022
10-Q
Quarterly Report
Nov 02, 2022
8-K
Current Report
Oct 11, 2022
3
Insider Trading
Oct 05, 2022
8-K
Current Report
Aug 29, 2022
3
Insider Trading
Aug 29, 2022
4
Insider Trading

Latest Insider Trading transactions for WES

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-14
Bourne Robert W.
ACQUIRED
-
-
613
SVP & Chief Commercial Officer
2022-11-14
Dial Christopher B.
ACQUIRED
-
-
538
SVP, GC and Secretary
2022-11-14
Green Catherine A.
ACQUIRED
-
-
224
SVP & Chief Accounting Officer
2022-11-14
Green Catherine A.
SOLD FOR TAXES
-2,464.88
28.01
-88
SVP & Chief Accounting Officer
2022-11-14
Ure Michael
SOLD FOR TAXES
-28,682.2
28.01
-1,024
President & CEO
2022-11-14
Ure Michael
ACQUIRED
-
-
2,601
President & CEO
2022-11-14
Bourne Robert W.
SOLD FOR TAXES
-6,750.41
28.01
-241
SVP & Chief Commercial Officer
2022-11-14
Dial Christopher B.
SOLD FOR TAXES
-5,910.11
28.01
-211
SVP, GC and Secretary
2022-08-12
Collins Craig W
ACQUIRED
-
-
1,108
SVP & Chief Operating Officer
2022-08-12
Collins Craig W
SOLD (Taxes)
-12,282.1
28.17
-436
SVP & Chief Operating Officer

1–10 of 50

Michael P. Ure
1130
Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates 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. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. 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.

WES Income Statement

2022-09-30
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues and other    
Revenues and other[1]$ 837,568$ 763,840$ 2,472,284$ 2,157,945
Equity income, net – related parties41,31748,506139,388159,337
Operating expenses    
Cost of product106,83383,232328,237250,245
Operation and maintenance190,514140,838487,643434,198
General and administrative48,18550,409144,635139,973
Property and other taxes19,39013,64160,49445,992
Depreciation and amortization156,837139,002430,455407,404
Long-lived asset and other impairments41,5949429,198
Total operating expenses[2]521,763428,7161,451,5581,307,010
Gain (loss) on divestiture and other, net(104)(364)(884)278
Operating income (loss)357,018383,2661,159,2301,010,550
Interest expense(83,106)(93,257)(249,333)(287,040)
Gain (loss) on early extinguishment of debt0(24,655)91(24,944)
Other income (expense), net56110117(1,013)
Income (loss) before income taxes273,968265,464910,105697,553
Income tax expense (benefit)3871,8263,6834,403
Net income (loss)273,581263,638906,422693,150
Net income (loss) attributable to noncontrolling interests7,8367,91325,64320,375
Net income (loss) attributable to Western Midstream Partners, LP265,745255,725880,779672,775
Limited partners' interest in net income (loss):    
Net income (loss) attributable to Western Midstream Partners, LP265,745255,725880,779672,775
General partner interest in net (income) loss(6,244)(5,527)(19,794)(14,484)
Limited partners' interest in net income (loss)[3]$ 259,501$ 250,198$ 860,985$ 658,291
Net income (loss) per common unit - basic[3]$ 0.67$ 0.61$ 2.16$ 1.60
Net income (loss) per common unit - diluted[3]$ 0.66$ 0.61$ 2.15$ 1.59
Weighted-average common units outstanding - basic[3]388,906411,909398,343412,690
Weighted-average common units outstanding - diluted[3]390,318412,714399,545413,150
Service Revenues - Fee Based [Member]    
Revenues and other    
Revenues and other$ 666,555$ 650,482$ 1,954,105$ 1,841,742
Service Revenues - Product Based [Member]    
Revenues and other    
Revenues and other91,35628,812202,72188,267
Product Sales [Member]    
Revenues and other    
Revenues and other79,43084,298314,755227,359
Other [Member]    
Revenues and other    
Revenues and other$ 227$ 248$ 703$ 577
[1]Total revenues and other includes related-party amounts of $476.5 million and $1.4 billion for the three and nine months ended September 30, 2022, respectively, and $431.7 million and $1.2 billion for the three and nine months ended September 30, 2021, respectively. See Note 6.
[2]Total operating expenses includes related-party amounts of $(4.5) million and $(33.3) million for the three and nine months ended September 30, 2022, respectively, and $22.7 million and $91.5 million for the three and nine months ended September 30, 2021, respectively. See Note 6.
[3]See Note 5.

WES Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 159,093$ 201,999
Accounts receivable, net650,922436,513
Other current assets86,28546,252
Total current assets896,300684,764
Property, plant, and equipment  
Cost13,236,49912,846,078
Less accumulated depreciation4,696,8164,333,171
Net property, plant, and equipment8,539,6838,512,907
Goodwill4,7834,783
Other intangible assets720,992744,742
Equity investments1,142,1031,167,187
Other assets[1]168,721158,696
Total assets[2]11,472,58211,273,079
Current liabilities  
Accounts and imbalance payables492,776326,061
Short-term debt2,030505,932
Accrued ad valorem taxes61,49244,955
Accrued liabilities189,625263,249
Total current liabilities745,9231,140,197
Long-term liabilities  
Long-term debt7,027,3616,400,616
Deferred income taxes14,18212,425
Asset retirement obligations310,500298,275
Other liabilities368,930325,806
Total long-term liabilities7,720,9737,037,122
Total liabilities[3]8,466,8968,177,319
Equity and partners' capital  
Common units (385,586,841 and 402,993,919 units issued and outstanding at September 30, 2022, and December 31, 2021, respectively)2,868,6652,966,955
General partner units (9,060,641 units issued and outstanding at September 30, 2022, and December 31, 2021)(1,112)(8,882)
Total partners' capital2,867,5532,958,073
Noncontrolling interests138,133137,687
Total equity and partners' capital3,005,6863,095,760
Total liabilities, equity, and partners' capital$ 11,472,582$ 11,273,079
Common units issued385,586,841402,993,919
Common units outstanding385,586,841402,993,919
General partner units issued9,060,6419,060,641
General partner units outstanding9,060,6419,060,641
[1]Other assets includes $9.3 million and $9.8 million of NGLs line-fill inventory as of September 30, 2022, and December 31, 2021, respectively. Other assets also includes $61.3 million and $56.2 million of materials and supplies inventory as of September 30, 2022, and December 31, 2021, respectively.
[2]Total assets includes related-party amounts of $1.5 billion and $1.4 billion as of September 30, 2022, and December 31, 2021, respectively, which includes related-party Accounts receivable, net of $327.3 million and $180.2 million as of September 30, 2022, and December 31, 2021, respectively. See Note 6.
[3]Total liabilities includes related-party amounts of $326.8 million and $270.5 million as of September 30, 2022, and December 31, 2021, respectively. See Note 6.