Western Midstream Partners, LP (WES)
NYSE · Energy · Oil & Gas Midstream
Profile
Western Midstream Partners, LP
- Exchange
- NYSE
- Ticker
- WES
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Country
- US
Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil, alongside the collection and disposal of water generated during production. Additionally, it engages in the buying and selling of natural gas, NGLs, and condensate. Western Midstream maintains operations in significant regions such as Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania. Western Midstream Holdings, LLC functions as its general partner. Formed in 2007, the company is headquartered in The Woodlands, Texas, and rebranded from Western Gas Equity Partners, LP to its current name in February 2019.
Key facts
Western Midstream Partners, LP: key facts
- Western Midstream Partners, LP (NYSE: WES) is a Oil & Gas Midstream company in the Energy sector.
- In fiscal 2025, Western Midstream Partners, LP reported revenue of $3.8B and net income of $1.2B.
- Revenue grew 7.5% a year over the last 4 fiscal years.
- Free cash flow was positive in 5 of the last 5 fiscal years.
- Net income was positive in 5 of the last 5 fiscal years.
- Over the last twelve months, revenue was $4.3B and net income was $1.3B.
MonkScore
Western Midstream Partners, LP's MonkScore
MonkScore
MonkScore range: 50–60
as of October 2026
Sector rank: 112 of 301 in Energy
How this score is madeDisclaimer
Pillar ranges
- Growth30–40
- Profitability50–60
- Quality40–50
- Market Conviction60–70
- Safety40–50
The MonkScore runs from 0 to 100. Each range is one of ten 10-point groups, from 0–10 to 90–100.
Each pillar's range uses the same ten groups. The exact score and the pillar scores are in the MonkStreet app.
Fundamentals
Figures from the statements
Western Midstream Partners, LP's annual figures and the last twelve months, in USD. Last report: 30 June 2026.
| Figure | Last 12 months | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $4.3B | $3.8B | $3.6B | $3.1B | $3.3B | $2.9B |
| Gross profit | $2.9B | $2.6B | $2.8B | $2.3B | $2.2B | $2.0B |
| Operating income | $1.7B | $1.6B | $2.0B | $1.4B | $1.6B | $1.3B |
| Net income | $1.3B | $1.2B | $1.6B | $1.0B | $1.2B | $916.3M |
| Operating cash flow | $2.1B | $2.2B | $2.1B | $1.6B | $1.7B | $1.8B |
| Capital expenditure | $99.1M | -$728.0M | -$833.9M | -$735.1M | -$487.2M | -$313.7M |
| Free cash flow | $2.2B | $1.5B | $1.3B | $913.1M | $1.2B | $1.5B |
| Total debt | $9.1B | $8.9B | $8.1B | $8.0B | $6.8B | $7.0B |
| Cash | $104.8M | $819.5M | $1.1B | $272.8M | $286.7M | $202.0M |
Revenue growth a year
- 1-year
- 6.6%
- 3-year
- 5.7%
- 4-year
- 7.5%
Compound growth between fiscal years.
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Page built on 31 October 2026.