Western Midstream Partners LP (WES)

Western Midstream Partners, LP (NYSE: WES) is a limited partnership listed on the New York Stock Exchange and operates as a midstream energy business in the United States. Through its subsidiaries, the partnership provides services related to natural gas and liquids logistics, including gathering, compression, treating, processing, and transportation of natural gas. It also handles condensate, natural gas liquids, crude oil, and produced water through gathering, stabilization, transport, and disposal activities. In addition, the company buys and sells residue, NGLs, and condensates, and offers water handling solutions. Its assets are located in Texas, New Mexico, and the Rocky Mountains. The partnership was incorporated in 2007, is based in The Woodlands, Texas, and adopted its current name in February 2019 after previously operating as Western Gas Equity Partners, LP.


Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Payout Ratio Free Cash Flow / Net Income
NYSE-WES
$54.82
19.0% Upside
Undervalued
$49.69
7.9% Upside
Fair
Good
8.0%
November 10, 2026
15.1x
4.5x
4.4x
19.031 B
27.71 B
32.0%
63.4%
1.6
115.9%
97.1%
Valuation • Fair Value

Western Midstream Partners LP (NYSE-WES) Fair Value by Valuation Model

Review the available estimates for Western Midstream Partners LP (NYSE-WES), including DCF Fair Value, Ben Graham Formula Value, DDM Fair Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$54.82

Estimated upside of 19.0% versus the current market price.

Fair Value Confidence

High

Confidence level for the primary fair value estimate.

DCF Fair Value

$57.25

Discounted cash flow valuation reference.

Ben Graham Formula Value

$33.73

Classic Ben Graham valuation formula reference.

DDM Fair Value

$90.91

Dividend discount model valuation reference.

Comps Fair Value

$46.37

Comparable-company valuation reference.

Analyst Price Target

$49.69

Analysts imply upside of 7.9%.

How to read these valuation models

Use the 7 available valuation references for Western Midstream Partners LP (NYSE-WES) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for Western Midstream Partners LP (NYSE-WES)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

4.332 B

Current operating scale indicator.

Revenue Forecast

4.805 B

Forward revenue estimate.

EBITDA

2.503 B

Current operating profitability reference.

EBITDA Forecast

2.862 B

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review Western Midstream Partners LP (NYSE-WES) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for Western Midstream Partners LP (NYSE-WES)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Good

Positive financial-health read.

Piotroski Score

4

Mid-range quality score.

Beneish M-Score

-2.37

No elevated caution signal from this screen.

Altman Z-Score

1.6

Lower score that deserves closer risk review.

FCF / Net Income

97.1%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for Western Midstream Partners LP (NYSE-WES). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for Western Midstream Partners LP (NYSE-WES)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

November 10, 2026

Days to Earnings

49

Dividend Yield

8.0%

Current income yield reference.

Payout Ratio

115.9%

Dividend payout reference.

How to read events and dividends

This section helps investors track time-sensitive items for Western Midstream Partners LP (NYSE-WES), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

Western Midstream Partners LP (NYSE-WES) Stock Forecast & Technical Outlook

Review Western Midstream Partners LP (NYSE-WES) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Sell

The 15-minute technical read for Western Midstream Partners LP (NYSE-WES) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Sell

The 1-hour technical read for Western Midstream Partners LP (NYSE-WES) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Sell

The daily technical read for Western Midstream Partners LP (NYSE-WES) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Neutral

The weekly technical read for Western Midstream Partners LP (NYSE-WES) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Buy

The monthly technical read for Western Midstream Partners LP (NYSE-WES) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for Western Midstream Partners LP (NYSE-WES)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Hold

Based on the available recommendation mix, Western Midstream Partners LP (NYSE-WES) has a Hold consensus, with 5 buy, 9 hold and 0 sell recommendations in the current data set.

Buy 5
Hold 9
Sell 0
FAQ Fast Investor Answers

Western Midstream Partners LP (NYSE-WES) Stock FAQ

Data-supported answers about Western Midstream Partners LP (NYSE-WES), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$54.82
Estimated upside 19.0%
Valuation Rating
Undervalued
Estimated upside of 19.0%
Analyst Target
$49.69
Implied upside 7.9%
Financial Health
Good
Current financial-health read

The current fair value estimate for Western Midstream Partners LP (NYSE-WES) is $54.82. This implies an estimated upside of 19.0% versus the current market price.

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 19.0% versus the current market price.

The available analyst price target for Western Midstream Partners LP (NYSE-WES) is $49.69. The analyst target implies estimated upside of 7.9%.

The current financial health read for Western Midstream Partners LP (NYSE-WES) is Good. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for Western Midstream Partners LP (NYSE-WES) is November 10, 2026.

Based on the current data, dividend yield is 8.0%.

The current P/E ratio listed for Western Midstream Partners LP (NYSE-WES) is 15.1x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for Western Midstream Partners LP is 19.031 B.

The current enterprise value listed for Western Midstream Partners LP is 27.71 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for Western Midstream Partners LP is NYSE-WES, and the stock is listed on NYSE.

Western Midstream Partners LP (NYSE-WES) is listed on NYSE.

The current debt-to-total-capital ratio listed for Western Midstream Partners LP is 32.0%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Western Midstream Partners LP is 63.4%. Free float helps investors understand how much of the share base is available for public trading.