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Western Midstream Partners LP (WES)

US · Energy · Oil & Gas Midstream

$47.16+0.55%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$1.22B
Revenue YoY
+30.0%
Net profit
$403.6M
Profit YoY
+18.1%
EPS
$0.99
EPS estimate
$0.90
Net margin
33.0%

EPS came in at 0.99 against a street estimate of 0.90 — a beat of 10.0%.

Key statistics

Market cap
$20.26B
P/E
15.5
Forward P/E
11.7
P/B
4.76
Book value
$8.54
EPS (TTM)
$3.16
Dividend yield
7.64%
52-week high
$50.07
52-week low
$34.02
50-day MA
$47.34
200-day MA
$43.12
Beta
0.66

Analyst view

Analysts rate Western Midstream Partners LP a hold (3 buy, 8 hold, 2 sell out of 13) with an average price target of $49.17.

From the latest earnings call · 2026-08-06

CONFIDENT WES reported record Q2 EBITDA of $737M (+19% YoY), raised FY26 guidance by $250M midpoint to $2.85B, and completed $1.6B Brazos acquisition. Strong throughput across basins and elevated commodity prices driving growth. Q2 2026 Delaware Basin strength from customer acceleration and Brazos integration. Powder River turnaround supported by new commercial agreements with major producers. Analysts pressed on Brazos capacity fill, Pathfinder contracts/water integration, and M&A geographic focus. Management emphasized rapid customer activity uptick, improved project returns, and opportunistic but disciplined M&A approach. 2026-08-06…

Full summary in the app.

Shareholding

Insiders
36.59%
Institutions
43.67%

Largest institutional holders

FundStake
ALPS Advisors Inc8.87%
Amvescap Plc.5.82%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2.15%
The Goldman Sachs Group Inc2.12%
Blackstone Inc2.12%
Tortoise Midstream Energy Fund, Inc.1.57%
Neuberger Berman Group LLC1.52%
Chickasaw Capital Management, LLC1.33%

Recent filings & reports

DocumentDate
Quarterly report · Q2 2026
WESTERN MIDSTREAM PARTNERS, LP – Q2 2026 10-Q SUMMARY HEADLINE NUMBERS • Total revenues and other (six months ended June 30, 2026): $2,348.3 million
2026-08-05
Results announced · Q3 2026
WESTERN MIDSTREAM PARTNERS, LP – Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Q2 2026 Net Income (Limited Partners): $394.9 million ($0.99 per unit,
2026-08-05
Material agreement · Q2 2026
WESTERN MIDSTREAM PARTNERS, LP - FORM 8-K SUMMARY HEADLINE NUMBERS • Company completed public offering of $700,000,000 in senior notes on June 25, 2
2026-06-25
Material agreement · Q2 2026
WESTERN MIDSTREAM PARTNERS, LP - FORM 8-K SUMMARY HEADLINE NUMBERS • Acquisition Price: Approximately $1.6 billion total consideration • Cash Compon
2026-06-12
Quarterly report · Q1 2026
WESTERN MIDSTREAM PARTNERS, LP – Q1 2026 SUMMARY HEADLINE NUMBERS • Q1 2026 Net Income: $359.0 million (WES Partners) / $362.7 million (WES Operatin
2026-05-06
Results announced · Q2 2026
WESTERN MIDSTREAM PARTNERS Q1 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Net Income: $342.4 million attributable to limited partners (Q1 2026) • Adjus
2026-05-06
Annual report FY2025
WESTERN MIDSTREAM PARTNERS, LP – 2025 FORM 10-K SUMMARY HEADLINE NUMBERS • Market capitalization: $8.3 billion (as of June 30, 2025) • Common units
2026-02-18
Quarterly report · Q3 2025
WESTERN MIDSTREAM PARTNERS, LP – Q3 2025 10-Q SUMMARY --- HEADLINE NUMBERS • Nine-month net income (attributable to WES): $990.3 million (compared
2025-11-04

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$0.93 / share
ex-date Jul 31, 2026 · pay Aug 14, 2026
2026-07-31
Dividend$0.93 / share
ex-date May 1, 2026 · pay May 15, 2026
2026-05-01
Dividend$0.91 / share
ex-date Feb 2, 2026 · pay Feb 13, 2026
2026-02-02
Dividend$0.91 / share
ex-date Oct 31, 2025 · pay Nov 14, 2025
2025-10-31

Deals & corporate news

AnnouncementDate
Completed acquisition of Brazos Delaware for approximately $1.6 billion
Western Midstream Partners, LP completed a $1.6 billion acquisition of Brazos Delaware II, LLC on June 11, 2026. The purchase price consisted of $800 million in cash and 19.4 million common
2026-06-12
Acquisition of Brazos Delaware II, LLC completed
Western Midstream Partners, LP announced first-quarter 2026 financial results and a significant acquisition on May 6, 2026. The company released its Q1 2026 earnings, with accompanying detai
2026-05-06
Unit redemption agreement and gas gathering agreement amendment with Occidental
Western Midstream Partners (WES) announced two major transactions with Occidental Petroleum on January 16, 2026: 1. **Gas Gathering Agreement Amendment**: WES's subsidiary DBM replaced its
2026-01-22
Completed acquisition of Aris Water Solutions through merger transaction
Western Midstream Partners (WES) completed its acquisition of Aris Water Solutions on October 15, 2025. Under the merger agreement, Aris shareholders received one of three payment options: 0
2025-10-15

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Data updated 2026-09-18.