WES Stock - Western Midstream Partners, LP
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.61B | $3.11B | $3.25B | $2.88B | $2.77B |
| Gross Profit | $2.78B | $2.34B | $2.25B | $2.00B | $2.09B |
| Gross Margin | 77.2% | 75.4% | 69.1% | 69.6% | 75.5% |
| Operating Income | $1.97B | $1.38B | $1.59B | $1.34B | $878.91M |
| Net Income | $1.57B | $1.02B | $1.22B | $916.29M | $527.01M |
| Net Margin | 43.6% | 32.9% | 37.4% | 31.8% | 19.0% |
| EPS | $4.04 | $2.61 | $3.01 | $2.18 | $1.18 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 20th 2025 | Citigroup | Resumed | Neutral | $39 |
| October 25th 2024 | Morgan Stanley | Downgrade | Underweight | $40← $42 |
| October 17th 2024 | BofA Securities | Resumed | Underperform | $37 |
| September 16th 2024 | Morgan Stanley | Downgrade | Equal Weight | $42 |
| July 10th 2024 | Stifel | Downgrade | Hold | $39 |
| April 18th 2024 | Wolfe Research | Upgrade | Peer Perform | - |
| March 19th 2024 | Raymond James | Downgrade | Market Perform | - |
| February 29th 2024 | Citigroup | Downgrade | Neutral | $34← $30 |
| December 13th 2023 | BofA Securities | Downgrade | Underperform | $27← $30 |
| August 11th 2023 | Wells Fargo | Downgrade | Equal Weight | $30← $31 |
| August 9th 2023 | JP Morgan | Downgrade | Neutral | $29← $31 |
| July 12th 2023 | Wolfe Research | Downgrade | Underperform | $25 |
| June 26th 2023 | UBS | Initiation | Neutral | $27 |
| April 21st 2023 | Raymond James | Initiation | Outperform | $34 |
| December 9th 2022 | Citigroup | Initiation | Buy | $33 |
Earnings History & Surprises
WESEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $0.98 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.88 | $0.87 | -1.1% | ✗ MISS |
Q3 2025 | Aug 6, 2025 | $0.83 | $0.87 | +4.9% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $0.83 | $0.79 | -5.2% | ✗ MISS |
Q1 2025 | Feb 26, 2025 | $0.85 | $0.85 | +0.1% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $0.83 | $0.74 | -10.8% | ✗ MISS |
Q3 2024 | Aug 7, 2024 | $0.88 | $0.97 | +10.2% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $0.81 | $1.47 | +81.5% | ✓ BEAT |
Q1 2024 | Feb 21, 2024 | $0.78 | $0.74 | -5.1% | ✗ MISS |
Q4 2023 | Nov 1, 2023 | $0.64 | $0.70 | +9.4% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $0.66 | $0.64 | -3.0% | ✗ MISS |
Q2 2023 | May 3, 2023 | $0.64 | $0.52 | -18.8% | ✗ MISS |
Q1 2023 | Feb 22, 2023 | $0.72 | $0.85 | +18.1% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $0.75 | $0.66 | -12.0% | ✗ MISS |
Q3 2022 | Aug 3, 2022 | $0.77 | $0.74 | -3.9% | ✗ MISS |
Q2 2022 | May 10, 2022 | $0.62 | $0.75 | +21.0% | ✓ BEAT |
Q1 2022 | Feb 23, 2022 | $0.65 | $0.58 | -10.8% | ✗ MISS |
Q4 2021 | Nov 9, 2021 | $0.63 | $0.61 | -3.2% | ✗ MISS |
Q3 2021 | Aug 9, 2021 | $0.57 | $0.55 | -3.5% | ✗ MISS |
Latest News
Reported Earlier, Western Midstream Prices $1.2B Senior Notes Offering Including 4.800% 2031 Notes And 5.500% 2035 Notes
📈 PositiveRBC Capital Maintains Sector Perform on Western Midstream, Raises Price Target to $42
➖ NeutralWells Fargo Maintains Equal-Weight on Western Midstream, Raises Price Target to $40
➖ NeutralWestern Midstream Q3 EPS $0.87 Misses $0.89 Estimate, Sales $952.484M Miss $964.005M Estimate
📉 NegativeWestern Midstream And Aris Water Announced Preliminary Shareholder Election Results For Merger Consideration Ahead Of Acquisition Completion
➖ NeutralWestern Midstream Sets October 7 As Election Deadline For Aris Water Merger Consideration
➖ NeutralMizuho Maintains Outperform on Western Midstream, Raises Price Target to $46
📈 PositiveMorgan Stanley Maintains Underweight on Western Midstream, Lowers Price Target to $39
📉 NegativeRBC Capital Maintains Sector Perform on Western Midstream, Raises Price Target to $39
➖ NeutralWestern Midstream Partners to acquire Aris Water Solutions
📈 PositiveWestern Midstream to buy Aris Water Solutions in $1.5B deal
📈 PositiveFrequently Asked Questions about WES
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