Last Price$39.5(2.7%)
Market Cap$15.5B
LTM Operating Income margin
44.7%
5Y avg
41.7%
Oil & Gas Midstream industry
median
32.8%
Stock quality & Intrinsic value
7/10
0.6% undervalued
Western Midstream Partners, LP Operating Income margin
Annual
Quarterly
LTM
Industry median
Company stand-alone
Crunching data... Almost there!
| Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income margin | 25.0% | 24.1% | 34.1% | 30.6% | 25.8% | 17.4% | 30.2% | 35.2% | 2.2% | 39.0% | 31.3% | 31.4% | 44.8% | 55.1% | 46.4% | 48.8% | 44.4% | 54.7% |
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Western Midstream Partners, LP (WES) Operating Income margin comparison analysis
General
LTM Operating Income margin
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
Western Midstream Partners, LPWES
44.7%
16.1%
58.6%
43.6%
Median Peer Set
25.9%
(9.1%)
25.7%
16.2%
TC Energy CorporationTRP
48.3%
(15.0%)
63.8%
34.1%
MPLX LPMPLX
44.5%
1.3%
2.1%
36.8%
Pembina Pipeline CorporationPBA
35.9%
(24.3%)
(48.1%)
19.5%
The Williams Companies, Inc.WMB
32.2%
(3.7%)
(30.3%)
21.2%
Kinder Morgan, Inc.KMI
28.8%
(1.5%)
11.3%
17.3%
ONEOK, Inc.OKE
23.0%
(21.0%)
42.6%
15.0%
Enbridge Inc.ENB
18.0%
(21.1%)
113.8%
14.2%
Targa Resources Corp.TRGP
16.9%
2.0%
57.5%
7.8%
Enterprise Products Partners L.P.EPD
12.2%
(14.6%)
0.0%
11.1%
Energy Transfer LPET
11.1%
5.2%
40.0%
5.8%
WES key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 255.3 0.0% | 689.5 170.0% | 236.5 (65.7%) | 494.9 109.2% | 809.7 63.6% | 849.4 4.9% | 1,053.5 24.0% | 1,273.8 20.9% | 1,561.4 22.6% | 1,804.3 15.6% | 2,248.4 24.6% | 1,990.3 (11.5%) | 2,746.2 38.0% | 2,772.6 1.0% | 2,877.2 3.8% | 3,251.7 13.0% | 3,106.5 (4.5%) | 3,605.2 16.1% |
| Cost of Goods Sold (COGS) | 112.3 | 332.9 | 51.1 | 157.0 | 327.4 | 453.3 | 510.2 | 621.1 | 772.6 | 767.1 | 1,199.6 | 769.5 | 927.5 | 679.2 | 873.9 | 1,003.3 | 927.1 | 822.7 |
% margin | 143.1 56.0% | 356.6 51.7% | 185.4 78.4% | 337.8 68.3% | 482.3 59.6% | 396.1 46.6% | 543.3 51.6% | 652.7 51.2% | 788.8 50.5% | 1,037.1 57.5% | 1,048.8 46.6% | 1,220.8 61.3% | 1,818.7 66.2% | 2,093.4 75.5% | 2,003.2 69.6% | 2,248.5 69.1% | 2,179.3 70.2% | 2,782.5 77.2% |
| Operating Expenses | 85.5 | 199.9 | 113.4 | 194.6 | 286.7 | 248.6 | 225.4 | 262.2 | 368.6 | 397.4 | 413.5 | 521.5 | 817.2 | 805.0 | 841.1 | 927.1 | 799.8 | 811.8 |
| Research & Development Expenses (R&D) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Selling, General & Administrative Expenses (SG&A) | 8.4 | 23.3 | 20.1 | 24.9 | 39.1 | 97.6 | 33.5 | 37.5 | 41.2 | 49.2 | 50.7 | 63.7 | 114.6 | 155.8 | 195.5 | 194.0 | 232.6 | 271.5 |
% margin | 63.7 25.0% | 166.0 24.1% | 80.6 34.1% | 151.6 30.6% | 209.2 25.8% | 147.5 17.4% | 317.9 30.2% | 448.3 35.2% | 34.4 2.2% | 704.5 39.0% | 704.4 31.3% | 625.4 31.4% | 1,231.3 44.8% | 1,527.9 55.1% | 1,336.3 46.4% | 1,587.9 48.8% | 1,379.6 44.4% | 1,970.7 54.7% |
| Interest Income | 0.0 | 12.1 | 16.9 | 16.9 | 28.6 | 18.5 | 19.0 | 16.9 | 16.9 | 16.9 | 16.9 | 16.9 | 16.9 | 11.7 | 376.5 | 333.9 | 0.0 | (13.3) |
| Interest Expense | 7.8 | 0.4 | 10.0 | 18.8 | 30.3 | 37.7 | 47.3 | 71.7 | 108.1 | 109.1 | 136.6 | 186.0 | 303.3 | 380.1 | 376.5 | 333.9 | 348.2 | 365.2 |
| Pre-tax Income | 55.9 | 178.0 | 87.6 | 147.6 | 207.4 | 122.6 | 285.0 | 389.4 | (63.2) | 605.4 | 578.1 | 451.5 | 821.2 | 522.9 | 934.2 | 1,255.6 | 1,052.4 | 1,629.4 |
% effective tax rate | 19.4 34.8% | 43.7 24.6% | 0.0 0.0% | 10.6 7.2% | 45.7 22.0% | 29.5 24.0% | 2.6 0.9% | 2.0 0.5% | 3.4 (5.4%) | 8.4 1.4% | 4.9 0.8% | 2.9 0.7% | 13.5 1.6% | 6.0 1.1% | (9.8) (1.0%) | 4.2 0.3% | 4.4 0.4% | 18.1 1.1% |
% margin | 36.6 14.3% | 126.3 18.3% | 77.3 32.7% | 126.1 25.5% | 75.6 9.3% | 2.8 0.3% | 160.2 15.2% | 221.9 17.4% | 87.9 5.6% | 345.8 19.2% | 376.6 16.8% | 369.4 18.6% | 697.2 25.4% | 527.0 19.0% | 916.3 31.8% | 1,217.1 37.4% | 998.5 32.1% | 1,573.6 43.6% |
| EPS | 0.54 | 0.78 | 1.99 | 1.25 | 1.84 | 0.01 | 0.71 | 1.02 | 0.39 | 1.53 | 1.72 | 1.69 | 1.68 | 1.18 | 2.18 | 3.01 | 2.61 | 4.14 |
| Diluted EPS | 0.54 | 0.78 | 1.99 | 1.25 | 1.84 | 0.01 | 0.71 | 1.02 | 0.39 | 1.53 | 1.72 | 1.69 | 1.68 | 1.18 | 2.18 | 3.00 | 2.60 | 4.11 |
% margin | 94.5 37.0% | 249.4 36.2% | 249.3 105.4% | 288.7 58.3% | 349.6 43.2% | 279.3 32.9% | 482.7 45.8% | 710.6 55.8% | 814.0 52.1% | 910.0 50.4% | 1,013.6 45.1% | 1,285.0 64.6% | 1,484.8 54.1% | 1,779.5 64.2% | 1,713.8 59.6% | 2,171.9 66.8% | 2,001.3 64.4% | 2,645.0 73.4% |
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FAQ
1) What is Western Midstream Partners, LP's Operating Income margin?
As of today, Microsoft Corp's last 12-month Operating Income margin is 44.7%, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual Operating Income margin for Western Midstream Partners, LP have been 44.5% over the past three years, and 43.8% over the past five years.
2) Is Western Midstream Partners, LP's Operating Income margin Good?
As of today, Western Midstream Partners, LP's Operating Income margin is 44.7%, which is higher than industry median of 32.8%. It indicates that Western Midstream Partners, LP's Operating Income margin is Good.