US · USD

WES

Western Midstream Partners LP

$45.59+1.85% ($0.83)Updated 10/5/26, 5:00 PM

Day's range: $44.61 – $45.95
Day's volume: $21.4M
52-week range: $34.14 – $49.80

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WES in numbers

Market cap: $18B

P/E: 14.69

Dividend yield (12m): 8.07%

The 12-month dividend yield of WES is 8.07%, above its 5-year average of 7.70%.

WES price history

10/06/202510/05/2026

Compare with

WES risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+23.53%	+95.41%	+256.20%
Volatility (annualized)	13.85%	17.37%	21.90%
Largest drawdown	-7.75%	-8.20%	-12.08%
Positive months	10/12	25/36	40/60

How much did investing in WES return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $3,561.96 today.

Value today in WES: $3,561.96

Return over the period: +256.20%

Return per year: +29.42%

In the S&P 500: $1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WES fundamentals

Valuation

P/E
14.69
P/B
—
EV/EBITDA
7.48
EV/EBIT
10.81
EV/Revenue
4.44
P/EBIT
10.81
P/S
4.44
P/OCF
8.31
P/FCF
—
Earnings yield
9.25%
PEG ratio
—
Earnings per share
$3.10
Book value per share
—

Debt

Net debt
—
Net debt/EBITDA
—
Net debt/Equity
—
Debt/Equity
—
Current ratio
1.09
Quick ratio
—
Cash ratio
0.46

Efficiency

Gross margin
—
EBITDA margin
59.35%
Operating margin
41.04%
Net margin
30.21%
Asset turnover
0.27

Profitability

ROE
—
ROA
8.19%
ROIC
—
Payout
118.56%

Growth

Revenue CAGR (5 years)
10.42%
Earnings CAGR (5 years)
4.75%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is WES's fair price?

Two classic value formulas, with today's numbers. The current price is $45.59.

Graham's fair price: —; WES's earnings per share and book value per share are not available, so the formula cannot be computed.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $41.31; 9.38% below the price

$2.48 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

WES's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	13.17	9.31	10.89	8.49	9.81	10.83	12.54	11.01
EV/EBITDA	6.73	5.59	5.62	4.76	4.76	4.17	9.68	8.63
Dividend yield	9.13%	8.33%	8.52%	6.80%	5.69%	11.25%	12.45%	8.28%
Earnings per share	$3.00	$4.13	$2.69	$3.16	$2.27	$1.28	$1.57	$2.52
Gross margin	—	—	—	—	—	—	—	81.98%
EBITDA margin	60.19%	72.73%	63.77%	66.76%	70.00%	53.78%	62.45%	54.24%
Net margin	30.74%	43.66%	32.92%	37.44%	33.97%	20.69%	25.40%	23.93%
Net debt/EBITDA	—	—	—	—	—	—	4.58	3.78

WES's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$3.8B	$3.6B	$3.1B	$3.3B	$2.7B	$2.5B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	$2.3B	$2.6B	$2B	$2.2B	$1.9B	$1.4B
EBIT	$1.6B	$2B	$1.4B	$1.6B	$1.3B	$878.9M
Financial result	—	—	—	—	—	—
Income before tax	$1.2B	$1.6B	$1.1B	$1.3B	$934.2M	$522.9M
Income tax	-$15.1M	-$18.1M	-$4.4M	-$4.2M	$9.8M	-$6M
Net income	$1.2B	$1.6B	$1B	$1.2B	$916.3M	$527M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WES pay dividends?

Dividend yield per year

5.44%2017
8.28%2018
12.45%2019
11.25%2020
5.69%2021
6.80%2022
8.52%2023
8.33%2024
9.13%2025
6.07%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	07/30/2026	08/14/2026	$0.93
Dividend	04/30/2026	05/15/2026	$0.93
Dividend	01/30/2026	02/13/2026	$0.91
Dividend	10/30/2025	11/14/2025	$0.91
Dividend	07/31/2025	08/14/2025	$0.91
Dividend	05/01/2025	05/15/2025	$0.91
Dividend	01/31/2025	02/14/2025	$0.88
Dividend	10/31/2024	11/14/2024	$0.88
Dividend	07/31/2024	08/14/2024	$0.88
Dividend	04/29/2024	05/15/2024	$0.88
Dividend	01/30/2024	02/13/2024	$0.58
Dividend	10/30/2023	11/13/2023	$0.58

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	07/27/2023	08/14/2023	$0.56
Dividend	04/27/2023	05/15/2023	$0.86
Dividend	01/30/2023	02/13/2023	$0.50
Dividend	10/27/2022	11/14/2022	$0.50
Dividend	07/28/2022	08/12/2022	$0.50
Dividend	04/28/2022	05/13/2022	$0.50
Dividend	01/27/2022	02/14/2022	$0.33
Dividend	10/28/2021	11/12/2021	$0.32
Dividend	07/28/2021	08/13/2021	$0.32
Dividend	04/28/2021	05/14/2021	$0.32
Dividend	01/28/2021	02/12/2021	$0.31
Dividend	10/28/2020	11/13/2020	$0.31
Dividend	07/29/2020	08/13/2020	$0.31
Dividend	04/29/2020	05/14/2020	$0.31
Dividend	01/29/2020	02/13/2020	$0.62
Dividend	10/30/2019	11/13/2019	$0.62
Dividend	07/29/2019	08/13/2019	$0.62
Dividend	04/29/2019	05/14/2019	$0.61
Dividend	01/30/2019	02/21/2019	$0.60
Dividend	10/29/2018	11/21/2018	$0.60
Dividend	07/30/2018	08/23/2018	$0.58
Dividend	04/30/2018	05/24/2018	$0.57
Dividend	01/30/2018	02/22/2018	$0.55
Dividend	10/31/2017	11/22/2017	$0.54
Dividend	07/26/2017	08/21/2017	$0.53
Dividend	04/26/2017	05/22/2017	$0.49
Dividend	01/30/2017	02/22/2017	$0.46
Dividend	10/26/2016	11/22/2016	$0.45

About Western Midstream Partners Lp

Sector: Transportation and utilities

Questions about WES

How much is WES today?

WES is at $45.59 (1.85% on the day), last traded on 10/05/2026.

How much did WES pay in dividends in 2025?

WES paid $3.61 per share in 2025, a dividend yield of 9.13%.

How much did WES return in 12 months?

WES returned 23.53% in 12 months, with annualized volatility of 13.85% and a largest drawdown of -7.75%.