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WES

Western Midstream Partners LP

WES

28.19USD-0.05 (-0.18%)Delayed as of 08 Dec 2023, 09:55 am
Watchlist

Market Summary

USD28.19-0.05
Delayedas of 08 Dec 2023, 09:55 am
-0.18%

WES Stock Price

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WES RSI Chart

WES Valuation

Market Cap

10.2B

Price/Earnings (Trailing)

9.14

Price/Sales (Trailing)

3.17

EV/EBITDA

8.13

Price/Free Cashflow

5.93

WES Price/Sales (Trailing)

WES Profitability

EBT Margin

35.27%

Return on Assets

9.48%

Free Cashflow Yield

16.86%

WES Fundamentals

WES Revenue

Revenue (TTM)

3.0B

Revenue Y/Y

-7.35%

Revenue Q/Q

5.11%

WES Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

4.35%

Earnings Q/Q

9.64%

Price Action

52 Week Range

23.7928.80
(Low)(High)

Last 7 days

-5.3%

Last 30 days

0.8%

Last 90 days

8.7%

Trailing 12 Months

9.2%

How does WES drawdown profile look like?

WES Financial Health

Current Ratio

1.28

Debt/Cashflow

0.26

WES Investor Care

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20233.2B3.1B3.0B0
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
2012898.7M890.0M906.3M894.5M
2011000858.1M

Latest Insider Trading transactions for WES

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Sep 21, 2023
ure michael
gifted
-
-
-16,000
president & ceo
Sep 12, 2023
occidental petroleum corp /de/
sold
-127,500,000
25.00
-5,100,000
-
Feb 14, 2023
ure michael
acquired
-
-
146,678
president & ceo
Feb 14, 2023
ure michael
sold (taxes)
-1,644,960
28.5
-57,718
president & ceo
Feb 14, 2023
bourne robert w.
acquired
-
-
34,225
svp & chief commercial officer
Feb 14, 2023
dial christopher b.
acquired
-
-
29,335
svp, gc and secretary
Feb 14, 2023
bourne robert w.
sold (taxes)
-383,838
28.5
-13,468
svp & chief commercial officer
Feb 14, 2023
green catherine a.
acquired
-
-
12,225
svp & chief accounting officer
Feb 14, 2023
dial christopher b.
sold (taxes)
-329,004
28.5
-11,544
svp, gc and secretary
Feb 14, 2023
green catherine a.
sold (taxes)
-137,085
28.5
-4,810
svp & chief accounting officer

1–10 of 50

Which funds bought or sold WES recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
CITIGROUP INC
reduced
-68.95
-1,605,820
751,520
-%
Dec 05, 2023
RR Advisors, LLC
reduced
-2.29
219,000
73,074,000
12.64%
Dec 01, 2023
B. Riley Wealth Advisors, Inc.
reduced
-4.87
-22,060
928,788
0.03%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-59.37
-9,200,450
6,585,850
-%
Nov 21, 2023
COMERICA BANK
reduced
-99.12
362,120
404,120
-%
Nov 21, 2023
Walleye Trading LLC
reduced
-76.93
-802,999
249,209
-%
Nov 15, 2023
London & Capital Asset Management Ltd
unchanged
-
19,170
735,210
0.07%
Nov 15, 2023
MORGAN STANLEY
added
3.69
3,470,020
57,136,500
0.01%
Nov 15, 2023
Westside Investment Management, Inc.
unchanged
-
639
24,507
0.01%
Nov 15, 2023
JANE STREET GROUP, LLC
new
-
460,105
460,105
-%

1–10 of 40

Latest Funds Activity

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

Schedule 13G FIlings of Western Midstream Partners LP

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Jan 07, 2020
occidental petroleum corp /de/
54.5%
242,136,976
SC 13D/A
Oct 09, 2019
tortoise capital advisors, l.l.c.
5.3%
23,952,076
SC 13G/A

Recent SEC filings of Western Midstream Partners LP

View All Filings
Date Filed Form Type Document
Nov 16, 2023
8-K
Current Report
Nov 01, 2023
8-K
Current Report
Nov 01, 2023
10-Q
Quarterly Report
Sep 29, 2023
8-K
Current Report
Sep 22, 2023
4
Insider Trading
Sep 14, 2023
SC 13D/A
13D - Major Acquisition
Sep 14, 2023
4
Insider Trading
Sep 14, 2023
4
Insider Trading
Sep 12, 2023
8-K
Current Report

Peers (Alternatives to Western Midstream Partners LP)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
74.0B
45.8B
3.42% -11.39%
21.82
1.62
-12.57% -42.73%
56.7B
48.7B
-0.49% 10.02%
10.17
0.98
-12.81% 5.61%
41.7B
24.3B
1.84% 2.18%
3.35
1.72
-18.13% 424.66%
40.6B
78.6B
0.15% 14.55%
8.97
1.48
-10.77% -16.78%
39.0B
15.9B
5.74% -2.99%
15.8
2.46
-16.65% -1.91%
MID-CAP
9.4B
49.0B
-3.86% 26.91%
7.41
0.17
-14.66% -3.51%
6.1B
1.0B
-0.70% 19.44%
17.23
5.96
14.33% 9.95%
4.7B
7.1B
2.81% 6.57%
12.19
0.52
-26.07% 17.92%
4.2B
1.4B
11.00% 41.57%
11.25
3.05
11.16% 119.27%
2.2B
1.2B
-8.18% 17.13%
3.37
1.87
86.61% 374.47%
SMALL-CAP
1.5B
3.1B
7.32% 25.97%
10.22
0.48
17.33% 524.80%
1.3B
1.3B
3.37% 6.41%
3.71
1.02
2.33% 116.48%
1.1B
16.5B
17.95% 23.53%
2.99
0.06
-10.96% -2.81%
303.6M
82.4M
-10.73% -2.46%
7.41
3.9
5.74% -6.51%
107.8M
860.2M
-7.00% -26.46%
128.07
0.11
-18.95% -746.20%

Western Midstream Partners LP News

Latest updates
Defense World26 Nov 202307:33 am12 days ago
StockNews.com24 Nov 202308:00 am14 days ago
InvestorPlace15 Nov 202308:00 am23 days ago
Rigzone News09 Nov 202308:00 am29 days ago
Nasdaq08 Nov 202308:00 am30 days ago
Yahoo Finance06 Nov 202308:00 am32 days ago
Yahoo Finance03 Nov 202307:00 am35 days ago
StockNews.com01 Nov 202307:00 am37 days ago
Business Wire13 Oct 202307:00 am56 days ago
StockNews.com11 Oct 202307:00 am58 days ago
Moneyshow.com05 Oct 202307:00 am2 months ago
Yahoo Finance27 Sep 202307:00 am2 months ago
Yahoo Finance07 Sep 202307:00 am3 months ago
Seeking Alpha01 Sep 202307:00 am3 months ago
Nasdaq28 Aug 202307:00 am3 months ago

Financials for Western Midstream Partners LP

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue5.1%776738734779838876758719764719675647679672774723666685672693588
Costs and Expenses1.2%4494444814995225264034394294444343373923501,051452451438410491385
Operating Expenses11.5%204183174167191168129147141153140144132145159173177148143142129
  S&GA Expenses3.1%55.0053.0051.0049.0048.0048.0049.0056.0050.0044.0045.0037.0042.0036.0040.0031.0031.0030.0023.0020.0016.00
EBITDA Margin-100.0%-0.65*0.64*0.67*0.65*0.63*0.67*0.65*0.67*0.68*---------0.52*0.50*
Interest Expenses-4.0%83.0086.0082.0085.0083.0081.0085.0089.0093.0095.0098.0010196.0095.0089.0079.0079.0079.0066.0055.0049.00
Income Taxes37.3%1.001.001.001.000.001.002.00-14.212.001.001.002.003.005.00-4.281.001.001.0010.0023.0015.00
Earnings Before Taxes9.7%285260210346274317319237265240192273257286-293296127176222207214
EBT Margin-100.0%-0.35*0.36*0.39*0.36*0.35*0.36*0.32*0.35*0.35*---------0.23*0.25*
Net Income9.6%277253208336266306318244256238191264247281-289288121175212169151
Net Income Margin-100.0%-0.34*0.35*0.37*0.36*0.34*0.35*0.32*0.33*0.34*---------0.32*0.32*
Free Cashflow-100.0%-491302489469467276662391452---------269237
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets3.6%11,62711,21911,11211,27211,47311,38911,44611,27311,41911,62611,43511,83011,69011,95311,90912,34612,17811,98111,79711,4579,034
  Current Assets42.5%1,136797735900896863906685757886611943644559491402393336336345384
    Cash Equivalents128.8%48921411328715997.0024820210030656.0044513860.0015210011796.0010092.00133
  Net PPE0.7%8,6648,6018,5418,5428,5408,4788,4758,5138,5248,5908,6408,7108,8258,9158,9879,0658,9348,7948,6308,4106,419
  Goodwill0%5.005.005.005.005.005.005.005.005.005.005.005.005.005.005.00446446446446446416
Liabilities5.8%8,6718,1978,0118,1648,4678,0848,1758,1778,3238,5738,4938,9358,8999,0189,1179,0018,8438,4898,2056,5655,417
  Current Liabilities2.3%6366225819047467551,3371,1401,3071,1274909618378914504865974992,519637540
  Long Term Debt6.4%7,2606,8246,6946,5707,0276,6566,1896,4016,4006,8367,4167,4167,4407,544-7,952-----
    LT Debt, Non Current---------------8,0897,9527,7317,4895,2084,7874,566
Accumulated Depreciation0.1%5,1455,1405,0094,8244,6974,5814,4554,3334,2094,0874,0503,9323,8083,6853,5593,2913,1763,0592,9502,8482,494
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-19.6%394,787490,823302,424489,219468,768466,981276,458661,858391,333452,111261,550505,525392,894345,688393,311297,415340,154343,458343,073382,980335,869
  Share Based Compensation-6.4%7,1717,6657,1996,5386,4647,0387,7436,8426,9797,1216,7345,9355,6165,6775,2346,0053,9963,1252,3681,5971,669
Cashflow From Investing-37.2%-207,916-151,490-179,178138,015-185,305-99,330-71,617-70,251-80,883-59,932-46,472-21,584-71,669-176,277-178,724-253,210-269,475-349,436-2,515,732-412,111-510,798
Cashflow From Financing137.3%88,670-238,025-297,257-499,671-221,804-518,466-158,591-489,470-516,161-142,982-603,624-177,064-242,918-261,955-162,267-61,673-49,0441,7262,180,564-11,604252,489
  Dividend Payments-34.3%221,442336,987196,569197,065197,744206,197134,749134,862134,662132,969131,265132,255140,900140,893281,786280,880279,959276,324131,910130,268127,531
  Buy Backs310875.6%127,50041.007,06140,515367,85874,0685,149113,09988,125-16,24132,535---------

WES Income Statement

2023-09-30
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues and other    
Revenues and other[1]$ 776,013$ 837,568$ 2,248,268$ 2,472,284
Equity income, net – related parties35,49441,317116,839139,388
Operating expenses    
Cost of product27,590106,833123,795328,237
Operation and maintenance204,434190,514562,104487,643
General and administrative55,05048,185159,572144,635
Property and other taxes14,58319,39039,96160,494
Depreciation and amortization147,363156,837435,481430,455
Long-lived asset and other impairments[2]245452,88094
Total operating expenses[3]449,265521,7631,373,7931,451,558
Gain (loss) on divestiture and other, net(1,480)(104)(3,668)(884)
Operating income (loss)360,762357,018987,6461,159,230
Interest expense(82,754)(83,106)(250,606)(249,333)
Gain (loss) on early extinguishment of debt8,565015,37891
Other income (expense), net(1,270)562,817117
Income (loss) before income taxes285,303273,968755,235910,105
Income tax expense (benefit)9053872,9803,683
Net income (loss)284,398273,581752,255906,422
Net income (loss) attributable to noncontrolling interests7,1027,83618,39325,643
Net income (loss) attributable to Western Midstream Partners, LP277,296265,745733,862880,779
Limited partners' interest in net income (loss):    
Net income (loss) attributable to Western Midstream Partners, LP277,296265,745733,862880,779
General partner interest in net (income) loss(6,453)(6,244)(16,960)(19,794)
Limited partners' interest in net income (loss)[4]$ 270,843$ 259,501$ 716,902$ 860,985
Net income (loss) per common unit - basic[4]$ 0.71$ 0.67$ 1.87$ 2.16
Net income (loss) per common unit - diluted[4]$ 0.70$ 0.66$ 1.86$ 2.15
Weighted-average common units outstanding - basic[4]383,561388,906384,211398,343
Weighted-average common units outstanding - diluted[4]384,772390,318385,344399,545
Service Revenues - Fee Based [Member]    
Revenues and other    
Revenues and other$ 695,547$ 666,555$ 2,004,920$ 1,954,105
Service Revenues - Product Based [Member]    
Revenues and other    
Revenues and other48,44691,356142,212202,721
Product Sales [Member]    
Revenues and other    
Revenues and other31,65279,430100,336314,755
Other [Member]    
Revenues and other    
Revenues and other$ 368$ 227$ 800$ 703
[1]Total revenues and other includes related-party amounts of $463.6 million and $1.4 billion for the three and nine months ended September 30, 2023, respectively, and $476.5 million and $1.4 billion for the three and nine months ended September 30, 2022, respectively. See Note 6.
[2]See Note 8.
[3]Total operating expenses includes related-party amounts of $(35.8) million and $(53.0) million for the three and nine months ended September 30, 2023, respectively, and $(4.5) million and $(33.3) million for the three and nine months ended September 30, 2022, respectively, all primarily related to changes in imbalance positions. See Note 6.
[4]See Note 5.

WES Balance Sheet

2023-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 489,494$ 286,656
Accounts receivable, net614,836554,263
Other current assets31,47659,506
Total current assets1,135,806900,425
Property, plant, and equipment  
Cost13,809,08013,365,593
Less accumulated depreciation5,144,6784,823,993
Net property, plant, and equipment8,664,4028,541,600
Goodwill4,7834,783
Other intangible assets689,324713,075
Equity investments915,076944,696
Other assets[1]217,163167,049
Total assets[2]11,626,55411,271,628
Current liabilities  
Accounts and imbalance payables393,358360,562
Short-term debt2,268215,780
Accrued ad valorem taxes50,29172,875
Accrued liabilities189,983254,640
Total current liabilities635,900903,857
Long-term liabilities  
Long-term debt7,260,0516,569,582
Deferred income taxes15,37814,424
Asset retirement obligations307,945290,021
Other liabilities452,188385,629
Total long-term liabilities8,035,5627,259,656
Total liabilities[3]8,671,4628,163,513
Equity and partners' capital  
Common units (379,516,369 and 384,070,984 units issued and outstanding at September 30, 2023, and December 31, 2022, respectively)2,821,9582,969,604
General partner units (9,060,641 units issued and outstanding at September 30, 2023, and December 31, 2022)1,6782,105
Total partners' capital2,823,6362,971,709
Noncontrolling interests131,456136,406
Total equity and partners' capital2,955,0923,108,115
Total liabilities, equity, and partners' capital$ 11,626,554$ 11,271,628
Common units issued379,516,369384,070,984
Common units outstanding379,516,369384,070,984
General partner units issued9,060,6419,060,641
General partner units outstanding9,060,6419,060,641
[1]Other assets includes $6.5 million of NGLs line-fill inventory as of September 30, 2023, and December 31, 2022. Other assets also includes $92.4 million and $60.4 million of materials and supplies inventory as of September 30, 2023, and December 31, 2022, respectively.
[2]Total assets includes related-party amounts of $1.3 billion as of September 30, 2023, and December 31, 2022, which includes related-party Accounts receivable, net of $340.9 million and $313.9 million as of September 30, 2023, and December 31, 2022, respectively. See Note 6.
[3]Total liabilities includes related-party amounts of $360.8 million and $312.3 million as of September 30, 2023, and December 31, 2022, 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
 WEBSITEwww.westernmidstream.com
 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 Thu Dec 07 2023, market cap of Western Midstream Partners LP is 10.24 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. 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 Thu Dec 07 2023, WES's PE ratio (Price to Earnings) is 9.14 and Price to Sales (PS) ratio is 3.17. 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 0.029 (multiply by 100 for percentage) rate of return.