WES - Western Midstream Partners LP Stock Price, Fair Value and News

36.17USD-0.28 (-0.77%)Market Closed

Market Summary

USD36.17-0.28

Market Closed

-0.77%

WES Alerts

Big jump in Earnings (Y/Y)

WES Stock Price

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WES RSI Chart

WES Valuation

Market Cap

13.9B

Price/Earnings (Trailing)

9.96

Price/Sales (Trailing)

4.25

EV/EBITDA

8.66

Price/Free Cashflow

7.88

WES Price/Sales (Trailing)

WES Profitability

EBT Margin

43.87%

Return on Assets

11.35%

Free Cashflow Yield

12.68%

WES Fundamentals

WES Revenue

Revenue (TTM)

3.3B

Rev. Growth (Yr)

20.95%

Rev. Growth (Qtr)

3.44%

WES Earnings

Earnings (TTM)

1.4B

Earnings Growth (Yr)

174.95%

Earnings Growth (Qtr)

102.62%

Breaking Down WES Revenue

52 Week Range

36.58

(Low)(High)

Last 7 days

4.0%

Last 30 days

2.7%

Last 90 days

28.7%

Trailing 12 Months

41.6%

How does WES drawdown profile look like?

WES Financial Health

Current Ratio

1.51

Debt/Cashflow

0.24

WES Investor Care

Buy Backs (1Y)

1.07%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	3.3B	0	0	0
2023	3.2B	3.1B	3.0B	3.1B
2022	3.0B	3.1B	3.2B	3.3B
2021	2.7B	2.7B	2.8B	2.9B
2020	2.8B	2.8B	2.8B	2.8B
2019	2.5B	2.6B	2.7B	2.7B
2018	2.4B	2.4B	2.4B	2.3B
2017	2.1B	2.2B	2.3B	2.4B
2016	1.7B	1.7B	1.7B	1.9B
2015	1.7B	1.8B	1.9B	1.8B
2014	1.3B	1.4B	1.5B	1.5B
2013	895.6M	926.7M	965.4M	1.2B
2012	867.2M	876.3M	885.4M	894.5M
2011	0	0	0	858.1M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

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Tracking the Latest Insider Buys and Sells of Western Midstream Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 06, 2024	stewart lisa a	bought	87,175	34.87	2,500	-
Mar 01, 2024	ure michael	bought	168,250	33.65	5,000	president & ceo
Feb 28, 2024	brown oscar k	bought	116,736	33.3532	3,500	-
Feb 28, 2024	stewart lisa a	bought	83,450	33.38	2,500	-
Feb 27, 2024	schulte david j	bought	27,392	34.2406	800	-
Feb 27, 2024	brown oscar k	bought	119,482	34.1376	3,500	-
Feb 26, 2024	owen kenneth f.	bought	237,720	33.96	7,000	-
Feb 13, 2024	bourne robert w.	sold (taxes)	-782,064	27.89	-28,041	svp & chief commercial officer
Feb 13, 2024	ure michael	sold (taxes)	-3,910,120	27.89	-140,198	president & ceo
Feb 13, 2024	green catherine a.	sold (taxes)	-223,483	27.89	-8,013	svp & chief accounting officer

Which funds bought or sold WES recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 08, 2024	Texas Yale Capital Corp.	added	8.62	3,064,840	12,650,400	0.56%
May 08, 2024	INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC	reduced	-4.82	300,429	2,220,880	0.35%
May 08, 2024	MAI Capital Management	unchanged	-	53,043	299,793	-%
May 08, 2024	AMERICAN FINANCIAL GROUP INC	unchanged	-	157,000	889,000	0.33%
May 08, 2024	Eagle Bay Advisors LLC	new	-	29,222	29,222	0.02%
May 08, 2024	ProShare Advisors LLC	reduced	-8.85	56,339	580,532	-%
May 08, 2024	US BANCORP \DE\	added	33.64	108,494	282,445	-%
May 08, 2024	Moors & Cabot, Inc.	added	1.5	47,181	249,512	0.01%
May 07, 2024	TECTONIC ADVISORS LLC	added	2.03	873,507	4,518,230	0.34%
May 07, 2024	CHILTON CAPITAL MANAGEMENT LLC	reduced	-7.92	254,027	2,393,230	0.11%

Are Funds Buying or Selling WES?

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

WES Alerts

Big jump in Earnings (Y/Y)

Unveiling Western Midstream Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	invesco ltd.	6.2%	23,514,801	SC 13G
Feb 05, 2024	alps advisors inc	8.52%	32,322,784	SC 13G/A
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

Recent SEC filings of Western Midstream Partners LP

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
Mar 06, 2024	4	Insider Trading
Mar 01, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 28, 2024	4	Insider Trading
Feb 27, 2024	4	Insider Trading
Feb 21, 2024	10-K	Annual Report
Feb 21, 2024	8-K	Current Report

Peers (Alternatives to Western Midstream Partners LP)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ENB	79.4B	43.6B	5.80%	-3.73%	12.83	1.82	-18.12%	106.16%
EPD	62.2B	52.0B	-2.15%	11.18%	11.11	1.19	-9.70%	0.25%
ET	54.7B	81.2B	3.24%	30.36%	13.47	0.67	-8.10%	-11.70%
KMI	42.2B	15.3B	2.98%	13.34%	17.18	2.76	-18.66%	-3.98%
LNG	36.1B	17.4B	0.48%	6.42%	7.3	2.07	-47.07%	-35.95%
PAA	12.5B	48.7B	-4.05%	40.00%	10.13	0.26	-15.05%	18.61%
MID-CAP
AM	6.9B	1.1B	1.13%	35.51%	17.76	6.51	10.45%	16.98%
ENLC	6.2B	6.8B	-0.94%	55.82%	37.91	0.91	-24.85%	-57.72%
ETRN	5.8B	1.4B	4.74%	152.43%	12.91	4.23	-0.72%	272.22%
INSW	3.1B	1.1B	20.59%	57.83%	5.78	2.89	0.83%	-7.88%
HESM	2.8B	1.4B	-2.77%	23.02%	19.58	2	10.36%	-29.40%
SMALL-CAP
GEL	1.6B	3.2B	17.48%	37.50%	12.47	0.52	7.09%	65.33%
GLP	1.6B	16.6B	3.29%	52.78%	13.32	0.09	-9.78%	-67.33%
GPP	286.4M	82.4M	-4.55%	-4.48%	7.48	3.48	5.74%	-6.51%
MMLP	113.9M	734.3M	15.87%	21.16%	29.89	0.16	-25.40%	114.16%

Western Midstream Partners LP News

Latest updates

Western Midstream Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.4%	888	858	776	738	734	779	838	876	758	719	764	719	675	647	679	672	774	723	666	685	672
Costs and Expenses	-3.1%	481	496	449	444	481	499	522	526	403	439	429	444	434	337	392	350	1,051	452	451	438	410
Operating Expenses	-2.7%	195	200	204	183	174	167	191	168	129	147	141	153	140	144	132	145	159	173	177	148	143
S&GA Expenses	-100.0%	-	73.00	55.00	53.00	51.00	49.00	48.00	48.00	49.00	56.00	50.00	44.00	45.00	37.00	42.00	36.00	40.00	31.00	31.00	30.00	23.00
EBITDA Margin	14.5%	0.74*	0.64*	0.67*	0.65*	0.64*	0.67*	0.65*	0.66*	0.67*	0.65*	0.67*	0.68*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.2%	95.00	98.00	83.00	86.00	82.00	85.00	83.00	81.00	85.00	89.00	93.00	95.00	98.00	101	96.00	95.00	89.00	79.00	79.00	79.00	66.00
Income Taxes	8.3%	2.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	2.00	-14.21	2.00	1.00	1.00	2.00	3.00	5.00	-4.28	1.00	1.00	1.00	10.00
Earnings Before Taxes	97.8%	588	297	285	260	210	346	274	317	319	237	265	240	192	273	257	286	-293	296	127	176	222
EBT Margin	29.5%	0.44*	0.34*	0.36*	0.35*	0.36*	0.39*	0.36*	0.37*	0.36*	0.32*	0.35*	0.35*	-	-	-	-	-	-	-	-	-
Net Income	102.6%	573	283	277	260	208	327	266	315	318	237	256	238	191	276	247	281	-289	238	121	175	212
Net Income Margin	29.1%	0.43*	0.33*	0.35*	0.34*	0.35*	0.38*	0.36*	0.36*	0.35*	0.32*	0.34*	0.35*	-	-	-	-	-	-	-	-	-
Free Cashflow	-15.5%	400	473	395	491	302	489	469	467	276	662	391	452	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.7%	12,265	12,472	11,627	11,219	11,112	11,272	11,473	11,389	11,446	11,273	11,419	11,626	11,435	11,830	11,690	11,953	11,909	12,346	12,178	11,981	11,797
Current Assets	7.5%	1,066	992	1,136	797	735	900	896	863	906	685	757	886	611	943	644	559	491	402	393	336	336
Cash Equivalents	8.2%	295	273	489	214	113	287	159	97.00	248	202	100	306	56.00	445	138	60.00	152	100	117	96.00	100
Net PPE	0.7%	9,725	9,655	8,664	8,601	8,541	8,542	8,540	8,478	8,475	8,513	8,524	8,590	8,640	8,710	8,825	8,915	8,987	9,065	8,934	8,794	8,630
Goodwill	0%	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	446	446	446	446
Liabilities	-5.9%	8,889	9,442	8,671	8,197	8,011	8,164	8,467	8,084	8,175	8,177	8,323	8,573	8,493	8,935	8,899	9,018	9,117	9,001	8,843	8,489	8,205
Current Liabilities	-45.7%	708	1,304	636	622	581	904	746	755	1,337	1,140	1,307	1,127	490	961	837	891	450	486	597	499	2,519
Long Term Debt	-0.2%	7,272	7,284	7,260	6,824	6,694	6,570	7,027	6,656	6,189	6,401	6,400	6,836	7,416	7,416	7,440	7,544	8,089	7,952	7,731	7,489	5,208
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,089	7,952	7,731	7,489	5,208
Accumulated Depreciation	2.7%	5,432	5,290	5,145	5,140	5,009	4,824	4,697	4,581	4,455	4,333	4,209	4,087	4,050	3,932	3,808	3,685	3,559	3,291	3,176	3,059	2,950
Float	-	-	-	-	5,100	-	-	-	4,900	-	-	-	4,500	-	-	-	2,000	-	-	-	6,200	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-15.5%	399,708	473,300	394,787	490,823	302,424	489,219	468,768	466,981	276,458	661,858	391,333	452,111	261,550	505,525	392,894	345,688	393,311	297,415	340,154	343,458	343,073
Share Based Compensation	-5.5%	9,423	9,970	7,171	7,665	7,199	6,538	6,464	7,038	7,743	6,842	6,979	7,121	6,734	5,935	5,616	5,677	5,234	6,005	3,996	3,125	2,368
Cashflow From Investing	137.1%	396,849	-1,068,707	-207,916	-151,490	-179,178	138,015	-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
Cashflow From Financing	-304.4%	-774,098	378,700	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	-49,044	1,726	2,180,564
Dividend Payments	-100.0%	-	223,432	221,442	336,987	196,569	197,065	197,744	206,197	134,749	134,862	134,662	132,969	131,265	132,255	140,900	140,893	281,786	273,345	288,083	283,271	131,910
Buy Backs	100.0%	-	-2.00	127,500	41.00	7,061	40,525	367,858	74,068	5,149	113,099	88,125	-	16,241	32,535	-	-	-	-	-	-	-

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WES Income Statement

2024-03-31

Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Revenues and other

Revenues and other

^[1]

$ 887,729

$ 733,982

Equity income, net – related parties

32,819

39,021

Operating expenses

Cost of product

46,079

51,459

Operation and maintenance

194,939

174,239

General and administrative

67,839

51,117

Property and other taxes

13,920

6,831

Depreciation and amortization

157,991

144,626

Long-lived asset and other impairments

^[2]

52,401

Total operating expenses

^[3]

480,791

480,673

Gain (loss) on divestiture and other, net

239,617

(2,118)

Operating income (loss)

679,374

290,212

Interest expense

(94,506)

(81,670)

Gain (loss) on early extinguishment of debt

524

Other income (expense), net

2,346

1,215

Income (loss) before income taxes

587,738

209,757

Income tax expense (benefit)

1,522

1,416

Net income (loss)

586,216

208,341

Net income (loss) attributable to noncontrolling interests

13,386

4,696

Net income (loss) attributable to Western Midstream Partners, LP

572,830

203,645

Limited partners' interest in net income (loss):

Net income (loss) attributable to Western Midstream Partners, LP

572,830

203,645

General partner interest in net (income) loss

(13,330)

(4,686)

Limited partners' interest in net income (loss)

^[4]

$ 559,500

$ 198,959

Net income (loss) per common unit - basic

^[4]

$ 1.47

$ 0.52

Net income (loss) per common unit - diluted

^[4]

$ 1.47

$ 0.52

Weighted-average common units outstanding - basic

^[4]

380,024

384,468

Weighted-average common units outstanding - diluted

^[4]

381,628

385,750

Service Revenues - Fee Based [Member]

Revenues and other

Revenues and other

$ 781,262

$ 647,867

Service Revenues - Product Based [Member]

Revenues and other

Revenues and other

66,740

46,810

Product Sales [Member]

Revenues and other

Revenues and other

39,292

39,025

Other [Member]

Revenues and other

Revenues and other

$ 435

$ 280

[1]	Total revenues and other includes related-party amounts of $499.8 million and $448.8 million for the three months ended March 31, 2024 and 2023, respectively. See Note 6.
[2]	See Note 8.
[3]	Total operating expenses includes related-party amounts of $(26.0) million and $(3.1) million for the three months ended March 31, 2024 and 2023, respectively, all primarily related to changes in imbalance positions. See Note 6.
[4]	See Note 5.

WES Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Current assets

Cash and cash equivalents

$ 295,246

$ 272,787

Accounts receivable, net

720,351

666,637

Other current assets

50,750

52,986

Total current assets

1,066,347

992,410

Property, plant, and equipment

Cost

15,157,635

14,945,431

Less accumulated depreciation

5,432,343

5,290,415

Net property, plant, and equipment

9,725,292

9,655,016

Goodwill

4,783

Other intangible assets

673,491

681,408

Equity investments

546,078

904,535

Other assets

^[1]

249,479

233,455

Total assets

^[2]

12,265,470

12,471,607

Current liabilities

Accounts and imbalance payables

377,499

362,451

Short-term debt

108,394

617,748

Accrued ad valorem taxes

48,525

61,285

Accrued liabilities

173,721

262,572

Total current liabilities

708,139

1,304,056

Long-term liabilities

Long-term debt

7,272,079

7,283,556

Deferred income taxes

15,698

15,468

Asset retirement obligations

366,755

359,185

Other liabilities

526,508

480,212

Total long-term liabilities

8,181,040

8,138,421

Total liabilities

^[3]

8,889,179

9,442,477

Equity and partners' capital

Common units (380,490,138 and 379,519,983 units issued and outstanding at March 31, 2024, and December 31, 2023, respectively)

3,225,562

2,894,231

General partner units (9,060,641 units issued and outstanding at March 31, 2024, and December 31, 2023)

11,313

3,193

Total partners' capital

3,236,875

2,897,424

Noncontrolling interests

139,416

131,706

Total equity and partners' capital

3,376,291

3,029,130

Total liabilities, equity, and partners' capital

$ 12,265,470

$ 12,471,607

Common units issued

380,490,138

379,519,983

Common units outstanding

380,490,138

379,519,983

General partner units issued

9,060,641

General partner units outstanding

9,060,641

[1]	Other assets includes $5.5 million and $5.7 million of NGLs line-fill inventory as of March 31, 2024, and December 31, 2023, respectively. Other assets also includes $107.1 million and $96.3 million of materials and supplies inventory as of March 31, 2024, and December 31, 2023, respectively.
[2]	Total assets includes related-party amounts of $982.6 million and $1.3 billion as of March 31, 2024, and December 31, 2023, respectively, which includes related-party Accounts receivable, net of $389.7 million and $358.1 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.
[3]	Total liabilities includes related-party amounts of $406.4 million and $378.8 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.

About Western Midstream Partners LP

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	Mr. Michael P. Ure
WEBSITE	westernmidstream.com
INDUSTRY	Oil - Midstream
EMPLOYEES	2022

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 May 09 2024, market cap of Western Midstream Partners LP is 13.87 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 for subscribers.

What is the fair value of WES stock?

You can check WES's fair value in chart for subscribers. 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 May 09 2024, WES's PE ratio (Price to Earnings) is 9.96 and Price to Sales (PS) ratio is 4.25. 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 -0.034 (multiply by 100 for percentage) rate of return.