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WES

WES - Western Midstream Partners LP Stock Price, Fair Value and News

38.04USD+0.31 (+0.82%)Market Closed

Market Summary

WES
USD38.04+0.31
Market Closed
0.82%

WES Alerts

  • 1 major insider buys recently.
  • Big jump in Earnings (Y/Y)

WES Stock Price

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WES RSI Chart

WES Valuation

Market Cap

14.5B

Price/Earnings (Trailing)

10.38

Price/Sales (Trailing)

4.44

EV/EBITDA

8.92

Price/Free Cashflow

8.23

WES Price/Sales (Trailing)

WES Profitability

EBT Margin

43.87%

Return on Assets

11.37%

Free Cashflow Yield

12.15%

WES Fundamentals

WES Revenue

Revenue (TTM)

3.3B

Rev. Growth (Yr)

20.95%

Rev. Growth (Qtr)

3.44%

WES Earnings

Earnings (TTM)

1.4B

Earnings Growth (Yr)

181.29%

Earnings Growth (Qtr)

100.95%

Breaking Down WES Revenue

Last 7 days

-0.4%

Last 30 days

0.1%

Last 90 days

9.1%

Trailing 12 Months

40.3%

How does WES drawdown profile look like?

WES Financial Health

Current Ratio

1.51

Debt/Cashflow

0.24

WES Investor Care

Buy Backs (1Y)

1.07%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20243.3B000
20233.2B3.1B3.0B3.1B
20223.0B3.1B3.2B3.3B
20212.7B2.7B2.8B2.9B
20202.8B2.8B2.8B2.8B
20192.5B2.6B2.7B2.7B
20182.4B2.4B2.4B2.3B
20172.1B2.2B2.3B2.4B
20161.7B1.7B1.7B1.9B
20151.7B1.8B1.9B1.8B
20141.3B1.4B1.5B1.5B
2013895.6M926.7M965.4M1.2B
2012867.2M876.3M885.4M894.5M
2011000858.1M
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Tracking the Latest Insider Buys and Sells of Western Midstream Partners LP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 20, 2024
ure michael
gifted
-
-
-44,000
president & ceo
May 15, 2024
bourne robert w.
bought
50,430
37.249
1,353
svp & chief commercial officer
Mar 06, 2024
stewart lisa a
bought
87,175
34.87
2,500
-
Mar 01, 2024
ure michael
bought
168,250
33.65
5,000
president & ceo
Feb 28, 2024
brown oscar k
bought
116,736
33.3532
3,500
-
Feb 28, 2024
stewart lisa a
bought
83,450
33.38
2,500
-
Feb 27, 2024
schulte david j
bought
27,392
34.2406
800
-
Feb 27, 2024
brown oscar k
bought
119,482
34.1376
3,500
-

1–10 of 50

Which funds bought or sold WES recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 13, 2024
NBW CAPITAL LLC
reduced
-0.02
2,022,670
11,444,700
2.34%
Jun 06, 2024
WESTWOOD HOLDINGS GROUP INC
added
1.37
12,097,000
64,339,000
0.50%
May 24, 2024
Cetera Investment Advisers
new
-
290,993
290,993
-%
May 20, 2024
Virtu Financial LLC
new
-
323,000
323,000
0.03%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-4.88
529,454
3,931,370
-%
May 16, 2024
CASTLEARK MANAGEMENT LLC
added
13.13
1,389,480
5,099,650
0.21%
May 16, 2024
B. Riley Wealth Advisors, Inc.
added
1.65
-53,031
928,788
0.03%
May 16, 2024
COMERICA BANK
added
16.04
118,119
406,301
-%
May 15, 2024
GOLDMAN SACHS GROUP INC
reduced
-19.5
-7,168,280
318,802,000
0.06%
May 15, 2024
Arrow Investment Advisors, LLC
new
-
206,972
206,972
0.18%

1–10 of 46

Are Funds Buying or Selling WES?

Are funds buying WES calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WES
No. of Funds

Unveiling Western Midstream Partners LP's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2024
invesco ltd.
6.2%
23,514,801
SC 13G
Feb 05, 2024
alps advisors inc
8.52%
32,322,784
SC 13G/A
Sep 14, 2023
occidental petroleum corp /de/
48.8%
185,181,578
SC 13D/A
Feb 13, 2023
alps advisors inc
6.60%
25,442,166
SC 13G/A
Feb 16, 2021
invesco ltd.
5.1%
21,340,971
SC 13G
Sep 17, 2020
occidental petroleum corp /de/
51.5%
214,281,578
SC 13D/A
Feb 14, 2020
tortoise capital advisors, l.l.c.
4.6%
20,879,174
SC 13G/A
Feb 12, 2020
neuberger berman group llc
3.40%
15,386,554
SC 13G/A
Feb 12, 2020
neuberger berman group llc
3.40%
15,386,554
SC 13G/A
Jan 07, 2020
occidental petroleum corp /de/
54.5%
242,136,976
SC 13D/A

Recent SEC filings of Western Midstream Partners LP

View All Filings
Date Filed Form Type Document
May 20, 2024
4
Insider Trading
May 16, 2024
8-K
Current Report
May 16, 2024
4
Insider Trading
May 08, 2024
8-K
Current Report
May 08, 2024
10-Q
Quarterly Report

Peers (Alternatives to Western Midstream Partners LP)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
74.0B
42.6B
-5.28% -7.12%
12.57
1.74
-15.26% 110.89%
61.5B
52.0B
-0.91% 7.24%
10.98
1.18
-9.70% 0.25%
52.2B
81.2B
-2.94% 20.83%
12.84
0.64
-8.10% -11.70%
43.8B
15.3B
0.30% 15.96%
17.82
2.87
-18.66% -3.98%
36.9B
17.3B
0.58% 8.35%
7.45
2.13
-47.73% -35.95%
11.8B
48.4B
-3.40% 25.60%
10.95
0.24
-13.61% -15.57%
MID-CAP
7.0B
1.1B
-2.68% 31.40%
17.95
6.58
10.45% 16.98%
5.9B
6.8B
-4.17% 27.06%
36.38
0.87
-25.02% -57.72%
5.8B
1.4B
-3.81% 41.93%
12.81
4.2
-0.72% 272.22%
2.9B
1.4B
0.73% 18.89%
13.99
2.04
10.36% 150.95%
2.8B
1.1B
-10.84% 49.93%
5.28
2.63
0.83% -7.88%
SMALL-CAP
1.6B
3.2B
0.23% 31.30%
12.29
0.51
7.09% 65.33%
1.5B
16.6B
0.22% 45.07%
12.85
0.09
-9.78% -67.33%
286.4M
82.4M
-4.55% -4.48%
7.48
3.48
5.74% -6.51%
129.1M
734.3M
9.60% 47.11%
33.88
0.18
-25.40% 114.16%

Western Midstream Partners LP News

Latest updates
MarketBeat3 hours ago

Western Midstream Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue3.4%888858776738734779838876758719764719675647679672774723666685672
Costs and Expenses-3.1%4814964494444814995225264034394294444343373923501,051452451438410
Operating Expenses-2.7%195200204183174167191168129147141153140144132145159173177148143
  S&GA Expenses-7.1%68.0073.0055.0053.0051.0049.0048.0048.0049.0056.0050.0044.0045.0037.0042.0036.0040.0031.0031.0030.0023.00
EBITDA Margin14.5%0.74*0.64*0.67*0.65*0.64*0.67*0.65*0.66*0.67*0.65*0.67*0.68*---------
Interest Expenses-3.2%95.0098.0083.0086.0082.0085.0083.0081.0085.0089.0093.0095.0098.0010196.0095.0089.0079.0079.0079.0066.00
Income Taxes8.3%2.001.001.001.001.001.000.001.002.00-14.212.001.001.002.003.005.00-4.281.001.001.0010.00
Earnings Before Taxes97.8%588297285260210346274317319237265240192273257286-293296127176222
EBT Margin29.5%0.44*0.34*0.36*0.35*0.36*0.39*0.36*0.37*0.36*0.32*0.35*0.35*---------
Net Income101.0%573285277260204327266315318237256238191276247281-289238121175212
Net Income Margin29.6%0.43*0.33*0.35*0.34*0.35*0.38*0.36*0.36*0.35*0.32*0.34*0.35*---------
Free Cashflow-15.5%400473395491302489469467276662391452---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-1.7%12,26512,47211,62711,21911,11211,27211,47311,38911,44611,27311,41911,62611,43511,83011,69011,95311,90912,34612,17811,98111,797
  Current Assets7.5%1,0669921,136797735900896863906685757886611943644559491402393336336
    Cash Equivalents8.2%29527348921411328715997.0024820210030656.0044513860.0015210011796.00100
  Net PPE0.7%9,7259,6558,6648,6018,5418,5428,5408,4788,4758,5138,5248,5908,6408,7108,8258,9158,9879,0658,9348,7948,630
  Goodwill0%5.005.005.005.005.005.005.005.005.005.005.005.005.005.005.005.005.00446446446446
Liabilities-5.9%8,8899,4428,6718,1978,0118,1648,4678,0848,1758,1778,3238,5738,4938,9358,8999,0189,1179,0018,8438,4898,205
  Current Liabilities-45.7%7081,3046366225819047467551,3371,1401,3071,1274909618378914504865974992,519
  Long Term Debt-0.2%7,2727,2847,2606,8246,6946,5707,0276,6566,1896,4016,4006,8367,4167,4167,4407,5448,0897,9527,7317,4895,208
    LT Debt, Non Current-----------------8,0897,9527,7317,4895,208
Accumulated Depreciation2.7%5,4325,2905,1455,1405,0094,8244,6974,5814,4554,3334,2094,0874,0503,9323,8083,6853,5593,2913,1763,0592,950
Float----5,100---4,900---4,500---2,000---6,200-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-15.5%399,708473,300394,787490,823302,424489,219468,768466,981276,458661,858391,333452,111261,550505,525392,894345,688393,311297,415340,154343,458343,073
  Share Based Compensation-5.5%9,4239,9707,1717,6657,1996,5386,4647,0387,7436,8426,9797,1216,7345,9355,6165,6775,2346,0053,9963,1252,368
Cashflow From Investing137.1%396,849-1,068,707-207,916-151,490-179,178138,015-185,305-99,330-71,617-70,251-80,883-59,932-46,472-21,584-71,669-176,277-178,724-253,210-269,475-349,436-2,515,732
Cashflow From Financing-304.4%-774,098378,70088,670-238,025-297,257-499,671-221,804-518,466-158,591-489,470-516,161-142,982-603,624-177,064-242,918-261,955-162,267-61,673-49,0441,7262,180,564
  Dividend Payments0.0%223,438223,432221,442336,987196,569197,065197,744206,197134,749134,862134,662132,969131,265132,255140,900140,893281,786273,345288,083283,271131,910
  Buy Backs---127,50041.007,06140,525367,85874,0685,149113,09988,125-16,24132,535-------
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WES Income Statement

2024-03-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues and other  
Revenues and other[1]$ 887,729$ 733,982
Equity income, net – related parties32,81939,021
Operating expenses  
Cost of product46,07951,459
Operation and maintenance194,939174,239
General and administrative67,83951,117
Property and other taxes13,9206,831
Depreciation and amortization157,991144,626
Long-lived asset and other impairments[2]2352,401
Total operating expenses[3]480,791480,673
Gain (loss) on divestiture and other, net239,617(2,118)
Operating income (loss)679,374290,212
Interest expense(94,506)(81,670)
Gain (loss) on early extinguishment of debt5240
Other income (expense), net2,3461,215
Income (loss) before income taxes587,738209,757
Income tax expense (benefit)1,5221,416
Net income (loss)586,216208,341
Net income (loss) attributable to noncontrolling interests13,3864,696
Net income (loss) attributable to Western Midstream Partners, LP572,830203,645
Limited partners' interest in net income (loss):  
Net income (loss) attributable to Western Midstream Partners, LP572,830203,645
General partner interest in net (income) loss(13,330)(4,686)
Limited partners' interest in net income (loss)[4]$ 559,500$ 198,959
Net income (loss) per common unit - basic[4]$ 1.47$ 0.52
Net income (loss) per common unit - diluted[4]$ 1.47$ 0.52
Weighted-average common units outstanding - basic[4]380,024384,468
Weighted-average common units outstanding - diluted[4]381,628385,750
Service Revenues - Fee Based [Member]  
Revenues and other  
Revenues and other$ 781,262$ 647,867
Service Revenues - Product Based [Member]  
Revenues and other  
Revenues and other66,74046,810
Product Sales [Member]  
Revenues and other  
Revenues and other39,29239,025
Other [Member]  
Revenues and other  
Revenues and other$ 435$ 280
[1]Total revenues and other includes related-party amounts of $499.8 million and $448.8 million for the three months ended March 31, 2024 and 2023, respectively. See Note 6.
[2]See Note 8.
[3]Total operating expenses includes related-party amounts of $(26.0) million and $(3.1) million for the three months ended March 31, 2024 and 2023, respectively, all primarily related to changes in imbalance positions. See Note 6.
[4]See Note 5.

WES Balance Sheet

2024-03-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets  
Cash and cash equivalents$ 295,246$ 272,787
Accounts receivable, net720,351666,637
Other current assets50,75052,986
Total current assets1,066,347992,410
Property, plant, and equipment  
Cost15,157,63514,945,431
Less accumulated depreciation5,432,3435,290,415
Net property, plant, and equipment9,725,2929,655,016
Goodwill4,7834,783
Other intangible assets673,491681,408
Equity investments546,078904,535
Other assets[1]249,479233,455
Total assets[2]12,265,47012,471,607
Current liabilities  
Accounts and imbalance payables377,499362,451
Short-term debt108,394617,748
Accrued ad valorem taxes48,52561,285
Accrued liabilities173,721262,572
Total current liabilities708,1391,304,056
Long-term liabilities  
Long-term debt7,272,0797,283,556
Deferred income taxes15,69815,468
Asset retirement obligations366,755359,185
Other liabilities526,508480,212
Total long-term liabilities8,181,0408,138,421
Total liabilities[3]8,889,1799,442,477
Equity and partners' capital  
Common units (380,490,138 and 379,519,983 units issued and outstanding at March 31, 2024, and December 31, 2023, respectively)3,225,5622,894,231
General partner units (9,060,641 units issued and outstanding at March 31, 2024, and December 31, 2023)11,3133,193
Total partners' capital3,236,8752,897,424
Noncontrolling interests139,416131,706
Total equity and partners' capital3,376,2913,029,130
Total liabilities, equity, and partners' capital$ 12,265,470$ 12,471,607
Common units issued380,490,138379,519,983
Common units outstanding380,490,138379,519,983
General partner units issued9,060,6419,060,641
General partner units outstanding9,060,6419,060,641
[1]Other assets includes $5.5 million and $5.7 million of NGLs line-fill inventory as of March 31, 2024, and December 31, 2023, respectively. Other assets also includes $107.1 million and $96.3 million of materials and supplies inventory as of March 31, 2024, and December 31, 2023, respectively.
[2]Total assets includes related-party amounts of $982.6 million and $1.3 billion as of March 31, 2024, and December 31, 2023, respectively, which includes related-party Accounts receivable, net of $389.7 million and $358.1 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.
[3]Total liabilities includes related-party amounts of $406.4 million and $378.8 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.
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. 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.
 CEO
 WEBSITEwesternmidstream.com
 INDUSTRYOil - Midstream
 EMPLOYEES2022

Western Midstream Partners LP Frequently Asked Questions


What is the ticker symbol for Western Midstream Partners LP? What does WES stand for in stocks?

WES is the stock ticker symbol of Western Midstream Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Western Midstream Partners LP (WES)?

As of Tue Jun 18 2024, market cap of Western Midstream Partners LP is 14.47 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WES stock?

You can check WES's fair value in chart for subscribers.

What is the fair value of WES stock?

You can check WES's fair value in chart for subscribers. The fair value of Western Midstream Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Western Midstream Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WES so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Western Midstream Partners LP a good stock to buy?

The fair value guage provides a quick view whether WES is over valued or under valued. Whether Western Midstream Partners LP is cheap or expensive depends on the assumptions which impact Western Midstream Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WES.

What is Western Midstream Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Jun 18 2024, WES's PE ratio (Price to Earnings) is 10.38 and Price to Sales (PS) ratio is 4.44. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WES PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Western Midstream Partners LP's stock?

In the past 10 years, Western Midstream Partners LP has provided -0.043 (multiply by 100 for percentage) rate of return.