WES

Western Midstream Partners, LP (WES)

Last Price$39.5(2.7%)
Market Cap$15.5B

WES Rating

WES Intrinsic Value

Key Highlights:
As of Mar 03, 2025 WES Relative Value is $66.8, which is undervalued by 69.1%, compared to current share price of $39.5.
As of Mar 03, 2025 WES DCF Value is $62.4, which is undervalued by 58.0%, compared to current share price of $39.5.
Methodology
Price per share, $
Current share price
39.5

WES Share Price History

1W (2.5%)
1M (2.8%)
6M 6.4%
YTD 49.9%
1Y 24.8%
3Y 91.9%
5Y 354.2%
10Y 30.4%
Share Price
Intrinsic Value
Drawdown
Total Return
vs SP500
vs NASDAQ
Crunching data... Almost there!

WES Stock Metrics

Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Base
$3,605.2M
Shares Outstanding
392M
Employees
1,511
Valuation (LTM)
Return on Capital
36.3%
9.4%
15.7%
14.0%
Earnings
May 06, 2025
MISS by (4.7%)
MISS by (12.2%)
4 Beat & 6 Miss

WES Stock Financials

WES Income Statement Metrics

Annual
Quarterly
LTM

Revenue

$3,605.2M +16.1% YoY

Operating Income

$1,970.7M +42.9% YoY

Net Income

$1,573.6M +57.6% YoY

WES Cash Flow Statement Metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$2,108.7M +29.5% YoY

Free Cash Flow (FCF)

$2,108.7M +93.3% YoY

WES Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
$3,605.2M 16.1% YoY
$2,782.5M 27.7% YoY
77.2% margin
Cost of revenue
$822.7M (11.3%) YoY
Operating income
$1,970.7M 42.9% YoY
54.7% margin
Other: $37.1M
Net interest: $378.5M
Operating expenses
$811.8M 1.5% YoY
Pre-tax income
$1,629.4M 54.8% YoY
45.2% margin
Net income
$1,573.6M 57.6% YoY
43.6% margin
Income tax
$18.1M
1.1% tax rate
SG&A
$271.5M 16.7% YoY
7.5% of revenue

WES Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$13.1B
Current assets ($1,847.2M, 14.1% of total)
$1,090.5M (8.3%)
$701.8M (5.3%)
Other current assets
$54.9M (0.4%)
Non-current assets ($11.3B, 85.9% of total)
$541.4M (4.1%)
$649.7M (4.9%)
Other non-current assets
$391.8M (3.0%)
Financial position
($56.1M)
$1,090.5M$1,034.4M
Cash & Short-term Investments
Total Debt

WES Stock Ratios

WES Earnings Surprises

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WES Dividends

WES Dividend Yield

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WES Dividend Per Share

Competing with WES

Overview
Ratings
Intrinsic Value
Valuation
Growth
Profitability
Health
Capital allocation
Momentum
Earnings
Dividends
Company name
Market Cap
Quality rating
Intrinsic value
1Y Return
Revenue
Free Cash Flow
Revenue growth
FCF margin
Gross margin
ROIC
Total Debt to Equity
$15.5B
7.3
$62.8
59.2% undervalued
24.8%
$3,605.2M
$1,804.4M
16.1%
50.0%
63.0%
15.7%
205.2%
$93.9B
5.1
$38.6
9.5% overvalued
29.2%
$53.5B
$5,889.0M
22.5%
11.0%
13.0%
6.7%
12.5%
$73.8B
5.0
$128.6
281.2% undervalued
28.7%
$56.5B
$3,626.0M
15.9%
6.4%
12.5%
10.1%
109.4%
$70.8B
6.1
$58.5
1.6% undervalued
65.5%
$10.6B
$2,369.0M
(2.4%)
22.3%
54.6%
6.1%
51.6%
$65.6B
6.2
$61.6
224.0% undervalued
35.3%
$82.7B
$12.3B
5.2%
14.9%
15.9%
7.8%
130.4%
$60.9B
5.8
$34.1
25.8% undervalued
60.9%
$15.1B
$2,970.0M
(1.4%)
19.6%
58.7%
6.9%
99.8%
$58.4B
6.7
$219.8
127.1% undervalued
30.8%
$21.7B
$2,898.0M
23.1%
13.4%
28.9%
7.6%
144.9%
$55.5B
7.7
$69.7
28.5% undervalued
46.1%
$11.2B
$5,198.0M
3.8%
46.5%
59.7%
33.9%
0.0%
$47.0B
6.2
$43.2
3.6% overvalued
31.8%
CA$13.6B
CA$1,368.0M
(2.1%)
10.1%
47.3%
5.9%
156.1%
$44.6B
6.2
$77.4
60.4% overvalued
97.0%
$16.5B
$683.9M
2.6%
4.2%
21.1%
12.7%
322.9%
$22.5B
5.9
$17.1
55.5% overvalued
17.1%
CA$7,412.0M
CA$2,238.0M
(19.5%)
30.2%
41.8%
9.4%
76.1%

FAQ

What is Western Midstream Partners, LP (WES) stock rating?

As of today, Western Midstream Partners, LP has a stock rating of 7 (out of 10), which is considered Great.

is Western Midstream Partners, LP (WES) a good stock to buy?

As of today, Western Midstream Partners, LP has a Great stock rating, which is 59.2% undervalued. According to Value Sense backtesting, stocks with similar profile tend to outperform the market by 12.8%.