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Company Analysis

Western Midstream Partners, LP WES

A comprehensive view of key metrics, scores, and financial health for Western Midstream Partners, LP

Overview of Western Midstream Partners, LP

WES NYQ
Energy Oil & Gas Midstream Large Cap
Western Midstream Partners, LP (WES), is a Large Cap company, in the Oil & Gas Midstream industry, last closed at $40.82, about 63.0% overvalued vs fair value, -2.3% 1Y return, placing in the top 25% of its sector.
$40.82
0.37%
As of March 13, 2026
Previous close • Vol 90d: 20.9%
52-Week Range
Market Cap
$16.42B
Enterprise Value
$24.53B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.westernmidstream.c...
HQ The Woodlands, TX
Employees 1,704
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$14
$15
$16
Current: $40.82 -63% vs base

Engine Room Money Flow™

Large Cap

Commodities & Mining - Where revenue goes and how value is created

Flow Steps
Revenue
None
6.6%%
Gross Profit
$2.6B
-5.4%%
Operating Income
$1.6B
1.1%%
EBITDA
None
-12.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Commodities & Mining

Quality & Reliability Indicators

Cash Conversion Ratio
1.09x
Excellent

Free cash flow relative to net income

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$1.4B
112.2% of FCF

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
2
Active Leaks
0/2
Improving
1
High Impact
0
Critical
Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Western Midstream Partners, LP's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
78
/100
Strong
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Strong
85
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing WES's balance between Growth (30.1%), Profitability (38.1%), and Safety (31.8%). Growth 30% Safety 32% Profitability 38%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

61th percentile vs peers
62
Key Signals
Rev Growth YoY 6.6% 62p EPS Growth YoY 54.7% 86p Revenue CAGR 3Y 5.7% 46p EPS CAGR 3Y 22.7% 74p TSR 11.9% 28p
Strengths
  • Eps Growth Yoy in top 20% of peers (54.7%, 86th percentile)
  • Superior capital returns - 2 return metrics above peer median
  • Growth above peer median with strong metric coverage (100%)
Risks

No significant risks identified for this axis.

Profitability

77th percentile vs peers
78
Key Signals
Strengths
Risks
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Safety

65th percentile vs peers
65
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Western Midstream Partners, LP.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$15.09
- - -
-63.0% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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