Western Midstream Partners, LP(WES) Stock Research - Grey Stern Research
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Western Midstream Partners, LP (WES) Stock Analysis

$39.79 (0.56%)

WES Financial Performance


Use the table below to view Western Midstream Partners, LP's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $38.86 -
52 Week Low $25.71 -
52 Week High $42.80 -
Market Cap $14.8 Billion 4/13
Gross Margin 51% 6/13
Profit Margin 41% 1/13
EBITDA margin 61% 3/13
Q2 - 2024 Revenue $905.6 Million 6/13
Q2 - 2024 Earnings $369.8 Million 4/13
Q2 - 2024 Free Cash Flow $424.8 Million 4/13
Trailing 4 Quarters Revenue $3.4 Billion 7/13
Trailing 4 Quarters Earnings $1.5 Billion 4/13
Quarterly Earnings Growth 46% 3/13
Annual Earnings Growth 77% 3/13
Quarterly Revenue Growth 23% 2/13
Annual Revenue Growth 17% 3/13
Cash On Hand $344.1 Million 5/13
Short Term Debt $8.5 Million 10/13
Long Term Debt $7.1 Billion 5/13

Western Midstream Partners, LP Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Western Midstream Partners, LP's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 9.69 13/13
PS 4.31 5/13
PB 4.32 3/13
PC 42.97 10/13
Liabilities to Equity 2.67 5/13
ROA 0.13 1/13
ROE 0.46 1/13
Current Ratio 1.39 8/13
Quick Ratio 0.04 2/13
Long Term Debt to Equity 2.17 4/13
Debt to Equity 2.18 4/13
Burn Rate -4.13 12/13
Cash to Cap 0.02 3/13
CCR 1.15 8/13
EV to EBITDA 39.40 8/13
EV to Revenue 6.30 5/13

Company Details

Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates 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 Ure

Website: https://www.westernmidstream.com

Address: 9950 Woodloch Forest Drive The Woodlands, TEXAS

Exchange: New York Stock Exchange

Industry: Oil & Gas Midstream

Western Midstream Partners, LP Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Western Midstream Partners, LP. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Plains All American Pipeline, L.P. PAA $12.4 Billion
Enterprise Products Partners L.P. EPD $64.4 Billion
MPLX LP MPLX $44.7 Billion
Magellan Midstream Partners, L.P. MMP $13.9 Billion
NuStar Energy L.P. NS $2.8 Billion
Antero Midstream Corporation AM $7.2 Billion
Genesis Energy, L.P. GEL $1.6 Billion
Holly Energy Partners, L.P. HEP $2.6 Billion
Crestwood Equity Partners LP CEQP $3.0 Billion
Hess Midstream LP HESM $8.2 Billion
Energy Transfer LP ET $55.4 Billion
DT Midstream, Inc. DTM $7.5 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
WES Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 905.6 Million $369.8 Million
Q1 2024 $ 887.7 Million $572.8 Million
Q4 2023 $ 858.2 Million $305.3 Million
Q3 2023 $ 776.0 Million $277.3 Million
Q2 2023 $ 738.3 Million $252.9 Million
Q1 2023 $ 734.0 Million $203.6 Million
Q4 2022 $ 779.4 Million $336.3 Million
Q3 2022 $ 837,568 $265,745

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WES Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $344.1 Million $12.2 Billion $7.1 Billion $3.4 Billion
Q1 2024 $295.2 Million $12.3 Billion $7.4 Billion $3.4 Billion
Q4 2023 $272.8 Million $12.5 Billion $7.9 Billion $3.2 Billion
Q3 2023 $489.5 Million $11.6 Billion $7.3 Billion $3.1 Billion
Q2 2023 $214.0 Million $11.2 Billion $6.8 Billion $3.0 Billion
Q1 2023 $112.6 Million $11.1 Billion $6.7 Billion $3.1 Billion
Q4 2022 $286.7 Million $11.3 Billion $6.8 Billion $3.1 Billion
Q3 2022 $159,093 $11.5 Million $7.0 Million $3.0 Million

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WES Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $424.8 Million -$211.9 Million $48.9 Million
Q1 2024 $224.5 Million -$194.2 Million $22.5 Million
Q4 2023 $274.6 Million -$198.7 Million -$216.7 Million
Q3 2023 $192.9 Million -$201.9 Million $275.5 Million
Q2 2023 $490.8 Million $0 $101.3 Million
Q1 2023 $129.3 Million -$173.1 Million -$174.0 Million
Q4 2022 $343.5 Million -$145.7 Million $127.6 Million
Q3 2022 $870,702 -$341,505 -$79.7 Million

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