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

35.54USD-0.10 (-0.28%)Delayed as of 08 May 2024, 12:53 pm ET

Market Summary

USD35.54-0.10

Delayedas of 08 May 2024, 12:53 pm

-0.28%

WES Stock Price

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WES RSI Chart

WES Valuation

Market Cap

13.6B

Price/Earnings (Trailing)

13.19

Price/Sales (Trailing)

4.36

EV/EBITDA

10.28

Price/Free Cashflow

8.16

WES Price/Sales (Trailing)

WES Profitability

EBT Margin

33.88%

Return on Assets

8.24%

Free Cashflow Yield

12.26%

WES Fundamentals

WES Revenue

Revenue (TTM)

3.1B

Rev. Growth (Yr)

10.11%

Rev. Growth (Qtr)

10.59%

WES Earnings

Earnings (TTM)

1.0B

Earnings Growth (Yr)

-13.66%

Earnings Growth (Qtr)

1.95%

Breaking Down WES Revenue

52 Week Range

35.63

(Low)(High)

Last 7 days

4.5%

Last 30 days

-0.4%

Last 90 days

27.2%

Trailing 12 Months

39.5%

How does WES drawdown profile look like?

WES Financial Health

Current Ratio

0.76

Debt/Cashflow

0.23

WES Investor Care

Buy Backs (1Y)

1.44%

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
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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Very Cheap Stocks: $21,859
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

Very Cheap 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 06, 2024	KAYNE ANDERSON CAPITAL ADVISORS LP	added	27.39	52,411,700	148,095,000	4.16%
May 06, 2024	HighTower Advisors, LLC	added	63.12	1,390,000	2,805,000	-%
May 06, 2024	Aveo Capital Partners, LLC	reduced	-8.72	125,368	1,282,460	0.14%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-12,611	-	-%
May 06, 2024	SouthState Corp	new	-	44,473	44,473	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	new	-	1,967,000	1,967,000	0.16%
May 03, 2024	Smartleaf Asset Management LLC	new	-	95,987	95,987	0.02%
May 03, 2024	Geneos Wealth Management Inc.	unchanged	-	962	5,439	-%
May 02, 2024	KESTRA PRIVATE WEALTH SERVICES, LLC	new	-	592,028	592,028	0.01%
May 02, 2024	Quent Capital, LLC	unchanged	-	1,013	5,724	-%

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

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
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
Feb 14, 2024	4	Insider Trading
Feb 14, 2024	4	Insider Trading

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	78.3B	43.6B	4.19%	-7.14%	12.65	1.79	-18.12%	106.16%
EPD	61.5B	49.7B	-4.61%	11.83%	11.12	1.24	-14.56%	0.77%
ET	54.3B	78.6B	1.70%	30.66%	13.79	0.69	-12.56%	-17.26%
KMI	41.7B	15.3B	1.68%	11.07%	16.95	2.72	-18.66%	-3.98%
LNG	35.8B	17.4B	-0.29%	4.76%	7.23	2.05	-47.07%	-35.95%
PAA	12.3B	48.7B	-5.82%	37.85%	9.96	0.25	-15.05%	18.61%
MID-CAP
AM	6.9B	1.1B	-0.07%	37.97%	17.66	6.47	10.45%	16.98%
ENLC	5.9B	6.8B	-5.05%	50.51%	36.55	0.87	-24.85%	-57.72%
ETRN	5.9B	1.4B	10.64%	165.50%	13.04	4.27	-0.72%	272.22%
HESM	2.8B	1.4B	-2.74%	22.74%	19.41	1.99	10.36%	-29.40%
INSW	2.8B	1.1B	5.43%	50.50%	4.98	2.59	23.95%	43.45%
SMALL-CAP
GLP	1.6B	16.5B	5.85%	59.17%	10.78	0.1	-12.64%	-57.90%
GEL	1.6B	3.2B	9.50%	33.40%	12.33	0.51	7.09%	65.33%
GPP	286.4M	82.4M	-4.55%	-4.48%	7.48	3.48	5.74%	-6.51%
MMLP	114.3M	734.3M	9.40%	16.40%	29.99	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	10.6%	858	776	738	734	779	838	876	758	719	764	719	675	647	679	672	774	723	666	685	672	693
Costs and Expenses	10.4%	496	449	444	481	499	522	526	403	439	429	444	434	337	392	350	1,051	452	451	438	410	491
Operating Expenses	-2.0%	200	204	183	174	167	191	168	129	147	141	153	140	144	132	145	159	173	177	148	143	142
S&GA Expenses	32.7%	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	20.00
EBITDA Margin	-3.6%	0.64*	0.67*	0.65*	0.64*	0.67*	0.65*	0.66*	0.67*	0.65*	0.67*	0.68*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	18.0%	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	55.00
Income Taxes	55.2%	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	23.00
Earnings Before Taxes	4.2%	297	285	260	210	346	274	317	319	237	265	240	192	273	257	286	-293	296	127	176	222	207
EBT Margin	-6.8%	0.34*	0.36*	0.35*	0.36*	0.39*	0.36*	0.37*	0.36*	0.32*	0.35*	0.35*	-	-	-	-	-	-	-	-	-	-
Net Income	2.0%	283	277	260	208	327	266	315	318	237	256	238	191	276	247	281	-289	238	121	175	212	160
Net Income Margin	-6.6%	0.33*	0.35*	0.34*	0.35*	0.38*	0.36*	0.36*	0.35*	0.32*	0.34*	0.35*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	19.9%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	7.3%	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	11,457
Current Assets	-12.6%	992	1,136	797	735	900	896	863	906	685	757	886	611	943	644	559	491	402	393	336	336	345
Cash Equivalents	-44.3%	273	489	214	113	287	159	97.00	248	202	100	306	56.00	445	138	60.00	152	100	117	96.00	100	92.00
Net PPE	11.4%	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	8,410
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	446	446	446	446	446
Liabilities	8.9%	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	6,565
Current Liabilities	105.1%	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	637
Long Term Debt	0.3%	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	4,787
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,089	7,952	7,731	7,489	5,208	4,787
Accumulated Depreciation	2.8%	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	2,848
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	19.9%	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	382,980
Share Based Compensation	39.0%	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	1,597
Cashflow From Investing	-414.0%	-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	-412,111
Cashflow From Financing	327.1%	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	-11,604
Dividend Payments	0.9%	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	127,566
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

2023-12-31

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

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Revenues and other

Revenues and other

^[1]

$ 3,106,476

$ 3,251,721

$ 2,877,155

Equity income, net – related parties

152,959

183,483

204,645

Operating expenses

Cost of product

164,598

420,900

322,285

Operation and maintenance

762,530

654,566

581,300

General and administrative

232,632

194,017

195,549

Property and other taxes

56,458

78,559

64,267

Depreciation and amortization

600,668

582,365

551,629

Long-lived asset and other impairments

^[2]

52,884

20,585

30,543

Total operating expenses

^[3]

1,869,770

1,950,992

1,745,573

Gain (loss) on divestiture and other, net

(10,102)

103,676

Operating income (loss)

1,379,563

1,587,888

1,336,271

Interest expense

(348,228)

(333,939)

(376,512)

Gain (loss) on early extinguishment of debt

15,378

(24,944)

Other income (expense), net

5,679

1,603

(623)

Income (loss) before income taxes

1,052,392

1,255,643

934,192

Income tax expense (benefit)

4,385

4,187

(9,807)

Net income (loss)

1,048,007

1,251,456

943,999

Net income (loss) attributable to noncontrolling interests

25,791

34,353

27,707

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

1,022,216

1,217,103

916,292

Limited partners' interest in net income (loss):

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

1,022,216

1,217,103

916,292

General partner interest in net (income) loss

(23,684)

(27,541)

(19,815)

Limited partners' interest in net income (loss)

^[4]

$ 998,532

$ 1,189,562

$ 896,477

Net income (loss) per common unit - basic

^[4]

$ 2.61

$ 3.01

$ 2.18

Net income (loss) per common unit - diluted

^[4]

$ 2.60

$ 3.00

$ 2.18

Weighted-average common units outstanding - basic

^[4]

383,028

394,951

411,309

Weighted-average common units outstanding - diluted

^[4]

384,408

396,236

412,022

Service Revenues - Fee Based [Member]

Revenues and other

Revenues and other

$ 2,768,757

$ 2,602,053

$ 2,462,835

Service Revenues - Product Based [Member]

Revenues and other

Revenues and other

191,727

249,692

122,584

Product Sales [Member]

Revenues and other

Revenues and other

145,024

399,023

290,947

Other [Member]

Revenues and other

Revenues and other

$ 968

$ 953

$ 789

[1]	Total revenues and other includes related-party amounts of $1.8 billion, $1.8 billion, and $1.6 billion for the years ended December 31, 2023, 2022, and 2021, respectively. See Note 6.
[2]	See Note 7 and Note 9.
[3]	Total operating expenses includes related-party amounts of $(68.0) million, $(18.0) million, and $86.2 million for the years ended December 31, 2023, 2022, and 2021, respectively, all primarily related to changes in imbalance positions. See Note 6.
[4]	See Note 5.

WES Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Current assets

Cash and cash equivalents

$ 272,787

$ 286,656

Accounts receivable, net

666,637

554,263

Other current assets

52,986

59,506

Total current assets

992,410

900,425

Property, plant, and equipment

Cost

14,945,431

13,365,593

Less accumulated depreciation

5,290,415

4,823,993

Net property, plant, and equipment

9,655,016

8,541,600

Goodwill

4,783

Other intangible assets

681,408

713,075

Equity investments

904,535

944,696

Other assets

^[1]

233,455

167,049

Total assets

^[2]

12,471,607

11,271,628

Current liabilities

Accounts and imbalance payables

362,451

360,562

Short-term debt

617,748

215,780

Accrued ad valorem taxes

61,285

72,875

Accrued liabilities

262,572

254,640

Total current liabilities

1,304,056

903,857

Long-term liabilities

Long-term debt

7,283,556

6,569,582

Deferred income taxes

15,468

14,424

Asset retirement obligations

359,185

290,021

Other liabilities

480,212

385,629

Total long-term liabilities

8,138,421

7,259,656

Total liabilities

^[3]

9,442,477

8,163,513

Equity and partners' capital

Common units (379,519,983 and 384,070,984 units issued and outstanding at December 31, 2023 and 2022, respectively)

2,894,231

2,969,604

General partner units (9,060,641 units issued and outstanding at December 31, 2023 and 2022)

3,193

2,105

Total partners' capital

2,897,424

2,971,709

Noncontrolling interests

131,706

136,406

Total equity and partners' capital

3,029,130

3,108,115

Total liabilities, equity, and partners' capital

$ 12,471,607

$ 11,271,628

Common units issued

379,519,983

384,070,984

Common units outstanding

379,519,983

384,070,984

General partner units issued

9,060,641

General partner units outstanding

9,060,641

[1]	Other assets includes $5.7 million and $6.5 million of NGLs line-fill inventory as of December 31, 2023 and 2022, respectively. Other assets also includes $96.3 million and $60.4 million of materials and supplies inventory as of December 31, 2023 and 2022, respectively.
[2]	Total assets includes related-party amounts of $1.3 billion as of December 31, 2023 and 2022, which includes related-party Accounts receivable, net of $358.1 million and $313.9 million as of December 31, 2023 and 2022, respectively. See Note 6.
[3]	Total liabilities includes related-party amounts of $378.8 million and $312.3 million as of December 31, 2023 and 2022, 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 Tue May 07 2024, market cap of Western Midstream Partners LP is 13.55 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 Tue May 07 2024, WES's PE ratio (Price to Earnings) is 13.19 and Price to Sales (PS) ratio is 4.36. 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 -0.036 (multiply by 100 for percentage) rate of return.