Stock AnalizWestern Midstream Partners, LP WES
Natural Gas Distribution · IPO 2012 · data as of November 13, 2026
Western Midstream Partners, LP (WES) is a utility company listed in the US with a market value of about $17.5B. In the twelve months to September 30, 2026 it had revenue of $4.6B and net income of $1.3B, a net margin of 28.6%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is value (5/5); the weakest is future growth (0/5).
Key numbers: a P/E of 13.7, a price to free cash flow of 15.9, 5-year revenue growth of 7% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 57% above the current price.
Score: 2.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Profitable 5 years in a row
- Positive free cash flow
- Pays a dividend
Checks not passed
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6B | $3.8B | $3.6B | $3.1B | $3.3B | $2.9B | $2.8B | $2.7B | $2.3B | $2.4B | $1.8B |
| Net income | $1.3B | $1.2B | $1.6B | $1.0B | $1.2B | $916M | $527M | $697M | $552M | $541M | $346M |
| Free cash flow | $1.1B | $1.5B | $1.3B | $926M | $1.2B | $1.5B | $1.2B | $135M | -$600M | $14M | $433M |
| EPS (diluted) | $3.09 | $2.86 | — | — | — | — | — | — | — | — | — |
| Net margin | 28.6% | 30.7% | 43.6% | 32.9% | 37.4% | 31.9% | 19.0% | 25.4% | 24.0% | 22.3% | 19.2% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 13 analysts is $49.15, 16% above the current price; targets range from $41.00 to $59.00; the consensus rating is “Buy”; expected EPS is $3.72 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Western Midstream Partners, LP’s P/E ratio?
About 13.7, based on the last twelve months of diluted earnings per share (forward P/E about 11.1).
Is Western Midstream Partners, LP stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 57% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Western Midstream Partners, LP pay a dividend?
Yes. The dividend yield is about 9.00%, and it has paid dividends for 10 years in our data.
Is Western Midstream Partners, LP a good stock to buy?
We do not give buy or sell advice. Western Midstream Partners, LP scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
Similar companies
Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.