Last Price$39.5(2.7%)
Market Cap$15.5B
LTM NOPAT
$1,595.1M
NOPAT margin
44.2%
5Y avg: 41.5%
EPV as % of EV
94.1%
Market-Implied Value of Growth,
MIVoG as % of EV
5.9%
Discount rate
7.8%
Stock quality
7/10
Great
WES Earnings Power Value Model
| (USD M) | Mar'20 | Jun'20 | Sep'20 | Dec'20 | Mar'21 | Jun'21 | Sep'21 | Dec'21 | Mar'22 | Jun'22 | Sep'22 | Dec'22 | Mar'23 | Jun'23 | Sep'23 | Dec'23 | Mar'24 | Jun'24 | Sep'24 | Dec'24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTM Revenue % growth | 2,912.2 34.0% | 2,835.3 14.0% | 2,848.3 7.7% | 2,772.6 (1.3%) | 2,673.3 (8.2%) | 2,720.6 (4.0%) | 2,805.4 (1.5%) | 2,877.2 3.8% | 2,960.5 10.7% | 3,117.8 14.6% | 3,191.5 13.8% | 3,251.7 13.0% | 3,227.4 9.0% | 3,089.3 (0.9%) | 3,027.7 (5.1%) | 3,106.5 (4.5%) | 3,260.2 1.0% | 3,427.6 11.0% | 3,534.9 16.8% | 3,605.2 16.1% |
LTM NOPAT % growth | 699.6 N/A | 756.0 8.1% | 832.5 10.1% | 868.8 4.4% | 1,370.5 57.7% | 1,336.4 (2.5%) | 1,374.1 2.8% | 1,350.3 (1.7%) | 1,461.2 8.2% | 1,523.3 4.2% | 1,498.6 (1.6%) | 1,348.9 (10.0%) | 1,234.7 (8.5%) | 1,174.9 (4.8%) | 1,178.1 0.3% | 1,344.3 14.1% | 1,462.0 8.8% | 1,510.0 3.3% | 1,530.9 1.4% | 1,595.1 4.2% |
Discount rate | 2.0% | 3.3% | 3.1% | 4.1% | 5.0% | 5.1% | 5.1% | 5.2% | 6.2% | 6.3% | 6.8% | 6.9% | 6.8% | 7.0% | 7.4% | 7.0% | 7.5% | 8.0% | 7.5% | 7.8% |
| Earnings Power Value (EPV) | 35,469.9 | 22,608.2 | 26,887.8 | 21,342.5 | 27,573.0 | 26,014.1 | 26,808.6 | 26,013.1 | 23,514.0 | 24,077.9 | 22,035.8 | 19,616.4 | 18,252.3 | 16,879.9 | 15,863.7 | 19,339.6 | 19,606.0 | 18,950.6 | 20,301.7 | 20,337.3 |
Enterprise Value (EV) | 9,240.2 | 12,445.3 | 11,464.6 | 13,437.1 | 14,891.1 | 16,194.2 | 15,821.7 | 15,716.6 | 16,910.9 | 16,326.4 | 16,294.3 | 17,204.5 | 16,674.4 | 16,737.8 | 17,059.7 | 17,879.8 | 21,180.1 | 22,183.6 | 21,353.4 | 21,603.9 |
| Market-Implied Value of Growth (MIVoG) | (26,229.6) | (10,162.8) | (15,423.2) | (7,905.4) | (12,681.9) | (9,820.0) | (10,986.9) | (10,296.5) | (6,603.1) | (7,751.5) | (5,741.5) | (2,412.0) | (1,577.9) | (142.1) | 1,196.0 | (1,459.8) | 1,574.1 | 3,233.0 | 1,051.6 | 1,266.6 |
| EPV as % of EV | 383.9% | 181.7% | 234.5% | 158.8% | 185.2% | 160.6% | 169.4% | 165.5% | 139.0% | 147.5% | 135.2% | 114.0% | 109.5% | 100.8% | 93.0% | 108.2% | 92.6% | 85.4% | 95.1% | 94.1% |
| MIVoG as % of EV | (283.9%) | (81.7%) | (134.5%) | (58.8%) | (85.2%) | (60.6%) | (69.4%) | (65.5%) | (39.0%) | (47.5%) | (35.2%) | (14.0%) | (9.5%) | (0.8%) | 7.0% | (8.2%) | 7.4% | 14.6% | 4.9% | 5.9% |
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WES NOPAT
Annual
Quarterly
LTM
WES Earnings Power Value and Enterprise Value
Annual
LTM
Enterprise Value Breakdown
EPV and MIVoG as % of EV
WES vs Peer Set: Earnings Power Value comparison
General
Earnings power value
Financial metrics
Company name
EPV as % of EV
MIVoG as % of EV
Revenue growth
EPS growth
Net income margin
Western Midstream Partners, LPWES
94.1%
5.9%
16.1%
58.6%
43.6%
Median Peer Set
85.0%
15.0%
(9.1%)
25.7%
16.2%
Enterprise Products Partners L.P.EPD
122.1%
(22.1%)
(14.6%)
0.0%
11.1%
Energy Transfer LPET
100.5%
(0.5%)
5.2%
40.0%
5.8%
Enbridge Inc.ENB
95.0%
5.0%
(21.1%)
113.8%
14.2%
MPLX LPMPLX
93.9%
6.1%
1.3%
2.1%
36.8%
TC Energy CorporationTRP
88.1%
11.9%
(15.0%)
63.8%
34.1%
Pembina Pipeline CorporationPBA
81.9%
18.1%
(24.3%)
(48.1%)
19.5%
Kinder Morgan, Inc.KMI
75.1%
24.9%
(1.5%)
11.3%
17.3%
ONEOK, Inc.OKE
53.4%
46.6%
(21.0%)
42.6%
15.0%
Targa Resources Corp.TRGP
48.5%
51.5%
2.0%
57.5%
7.8%
The Williams Companies, Inc.WMB
41.9%
58.1%
(3.7%)
(30.3%)
21.2%
Explore more intrinsic value tools hub for WES
Reverse DCF
Intrinsic Value
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Discount rate
Earnings growth model
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FAQ
What is Western Midstream Partners, LP Earnings Power Value?
As of Dec 31, 2024, Western Midstream Partners, LP's Earnings Power Value is approximately $20.3B.
What is Western Midstream Partners, LP EV (Enterprise Value)?
As of Dec 31, 2024, Western Midstream Partners, LP's Enterprise Value (EV) estimates at $21.6B.
What is Western Midstream Partners, LP NOPAT?
As of Dec 31, 2024, Western Midstream Partners, LP's Net operating profit after tax (NOPAT) is approximately $1,595.1M.