Western Midstream Partners LP
Western Midstream Partners LP operates in the Oil, Gas & Consumable Fuels industry within the Energy sector, generating revenue through midstream energy infrastructure services.
Business. Western Midstream Partners LP (WES.O) is an energy company engaged in the oil and gas industry. The firm is headquartered in the United States and primarily listed on the NASDAQ exchange. Specific details regarding its operating segments and geographic mix are not available.
Analyst recommendations
15 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Western Midstream Partners LP (WES.O) is an energy company engaged in the oil and gas industry. The firm is headquartered in the United States and primarily listed on the NASDAQ exchange. Specific details regarding its operating segments and geographic mix are not available.
Western Midstream Partners LP maintains a capital structure characterized by total assets of $14.99 billion and total liabilities of $10.83 billion. The company holds $819.49 million in cash and equivalents, providing a liquidity buffer against its obligations. Operating cash flow stands at $2.22 billion, indicating strong cash generation capabilities relative to its asset base. The return on assets is recorded at 8.15%, reflecting the efficiency of asset utilization in generating net income.
Profitability metrics show an operating income of $1.60 billion and net income of $1.18 billion on revenues of $3.84 billion. This results in a healthy operating margin, demonstrating the company's ability to control costs relative to its revenue stream. The net income figure suggests effective management of interest expenses and other non-operating items, contributing to the bottom line.
Segment and geographic data are not provided in the current dataset, preventing a detailed analysis of revenue concentration or regional exposure. The company's business model likely involves diversified midstream services, but specific segment contributions cannot be quantified from the available information.
Growth trajectory analysis is limited due to the absence of historical period data. Without multi-year revenue or net income trends, it is not possible to assess the company's growth rate or consistency over time. The current financial snapshot provides a static view of performance without historical context.
Risk assessment indicates low liquidity risk, which is a positive indicator for short-term solvency. However, dilution risk is marked as unknown due to missing basic and diluted share count data. This gap prevents a complete evaluation of potential equity dilution impacts on shareholder value.
Recent observations include analyst estimates with a mean price target of $45.28 and a median of $46.16. The mean recommendation is 2.73, suggesting a neutral to slightly positive sentiment among analysts. News event observations indicate technical failures in data processing rather than fundamental business events, which do not impact the company's operational status.
- Strong cash generation with $2.22 billion in operating cash flow supports debt servicing and capital expenditures.
- Return on assets of 8.15% indicates efficient use of the $14.99 billion asset base.
- Analyst sentiment is neutral with a mean recommendation of 2.73 and price targets clustered around the current market price.
- Missing share count data prevents assessment of dilution risk, creating a gap in equity analysis.
- Low liquidity risk suggests the company can meet short-term obligations comfortably.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue $1.12B, +22,5% YoY; Operating income +14,5% YoY.
- ▍Revenue $1.12B, +22,5% YoY
- ▍Operating income +14,5% YoY
- ▍Net income +13,4% YoY
- ▍Free cash flow −1 695,0% YoY
- ▍Net margin 31.2%
Revenue $1.03B, +11,1% YoY; Operating income −28,2% YoY.
- ▍Revenue $1.03B, +11,1% YoY
- ▍Operating income −28,2% YoY
- ▍Net income −42,8% YoY
- ▍Free cash flow −154,7% YoY
- ▍Net margin 18.5%
Revenue $952.5M, +7,8% YoY; Operating income +11,5% YoY.
- ▍Revenue $952.5M, +7,8% YoY
- ▍Operating income +11,5% YoY
- ▍Net income +17,7% YoY
- ▍Free cash flow +61,8% YoY
- ▍Net margin 35.7%
Revenue $942.3M, +4,0% YoY; Operating income −6,3% YoY.
- ▍Revenue $942.3M, +4,0% YoY
- ▍Operating income −6,3% YoY
- ▍Net income −9,8% YoY
- ▍Free cash flow −79,7% YoY
- ▍Net margin 36.3%
Revenue $917.1M; Operating income $409.8M.
- ▍Revenue $917.1M
- ▍Operating income $409.8M
- ▍Net margin 33.7%
Revenue $928.5M; Operating income $425.7M.
- ▍Revenue $928.5M
- ▍Operating income $425.7M
- ▍Net margin 35.9%
Revenue $883.4M; Operating income $395.9M.
- ▍Revenue $883.4M
- ▍Operating income $395.9M
- ▍Net margin 32.7%
Revenue $905.6M; Operating income $474.6M.
- ▍Revenue $905.6M
- ▍Operating income $474.6M
- ▍Net margin 41.8%
Revenue $3.84B, +6,6% YoY; Operating income −19,0% YoY.
- ▍Revenue $3.84B, +6,6% YoY
- ▍Operating income −19,0% YoY
- ▍Net income −24,9% YoY
- ▍Free cash flow −280,7% YoY
- ▍Net margin 30.7%
Revenue $3.61B, +16,1% YoY; Operating income +41,7% YoY.
- ▍Revenue $3.61B, +16,1% YoY
- ▍Operating income +41,7% YoY
- ▍Net income +53,9% YoY
- ▍Free cash flow +263,8% YoY
- ▍Net margin 43.6%
Revenue $3.11B, −4,5% YoY; Operating income −12,2% YoY.
- ▍Revenue $3.11B, −4,5% YoY
- ▍Operating income −12,2% YoY
- ▍Net income −16,0% YoY
- ▍Free cash flow −115,2% YoY
- ▍Net margin 32.9%
Revenue $3.25B, +13,0% YoY; Operating income +21,1% YoY.
- ▍Revenue $3.25B, +13,0% YoY
- ▍Operating income +21,1% YoY
- ▍Net income +32,8% YoY
- ▍Free cash flow −7,2% YoY
- ▍Net margin 37.4%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- SVP & Chief Financial Officer · 2023 Phantom Units → Common Units representing limited partner interestsDisposed 10 819exercise · 2026-02-12
- SVP & Chief Financial Officer · 2023 Performance Unit - TUR → Common Units representing limited partner interestsDisposed 25 316exercise · 2026-02-12
- SVP & Chief Financial Officer · 2023 Performance Unit - ROA → Common Units representing limited partner interestsDisposed 30 704exercise · 2026-02-12
- SVP & Chief Financial Officer · 2024 Phantom Units → Common Units representing limited partner interestsDisposed 14 940exercise · 2026-02-12
- SVP & Chief Financial Officer · 2025 Phantom Units → Common Units representing limited partner interestsDisposed 10 009exercise · 2026-02-12
- SVP & Chief Financial Officer · 2026 Phantom Units → Common Units representing limited partner interestsAcquired 35 419grant · 2026-02-12
- SVP & Chief Operating Officer · 2025 Phantom Units → Common Units representing limited partner interestsDisposed 10 009exercise · 2026-02-12
- Director, President & CEO · 2025 Phantom Units → Common Units representing limited partner interestsDisposed 24 022exercise · 2026-02-12
- Director, President & CEO · 2026 Phantom Units → Common Units representing limited partner interestsAcquired 94 451grant · 2026-02-12
- Director, President & CEO · 2026 Performance Unit - TUR → Common Units representing limited partner interestsAcquired 47 226grant · 2026-02-12
- Director, President & CEO · 2026 Performance Unit - ROA → Common Units representing limited partner interestsAcquired 47 226grant · 2026-02-12
- Director · Phantom Units → Common Units representing limited partner interestsAcquired 3 778grant · 2026-02-12
- SVP & Chief Operating Officer · 2026 Phantom Units → Common Units representing limited partner interestsAcquired 35 419grant · 2026-02-12
- SVP & Chief Operating Officer · 2026 Performance Unit - TUR → Common Units representing limited partner interestsAcquired 17 710grant · 2026-02-12
- SVP & Chief Operating Officer · 2026 Performance Unit - ROA → Common Units representing limited partner interestsAcquired 17 710grant · 2026-02-12
- SVP & Chief Accounting Officer · 2023 Phantom Units → Common Units representing limited partner interestsDisposed 7 018exercise · 2026-02-12
- SVP & Chief Accounting Officer · 2023 Performance Unit - TUR → Common Units representing limited partner interestsDisposed 16 421exercise · 2026-02-12
- SVP & Chief Accounting Officer · 2023 Performance Unit - ROA → Common Units representing limited partner interestsDisposed 19 916exercise · 2026-02-12
- SVP & Chief Accounting Officer · 2024 Phantom Units → Common Units representing limited partner interestsDisposed 11 952exercise · 2026-02-12
- SVP & Chief Accounting Officer · 2025 Phantom Units → Common Units representing limited partner interestsDisposed 8 008exercise · 2026-02-12
- SVP & Chief Accounting Officer · 2026 Phantom Units → Common Units representing limited partner interestsAcquired 23 613grant · 2026-02-12
- SVP & Chief Accounting Officer · 2026 Performance Unit - TUR → Common Units representing limited partner interestsAcquired 11 806grant · 2026-02-12
- SVP & Chief Accounting Officer · 2026 Performance Unit - ROA → Common Units representing limited partner interestsAcquired 11 806grant · 2026-02-12
- SVP & Chief Financial Officer · 2026 Performance Unit - TUR → Common Units representing limited partner interestsAcquired 17 710grant · 2026-02-12
- SVP & Chief Financial Officer · 2026 Performance Unit - ROA → Common Units representing limited partner interestsAcquired 17 710grant · 2026-02-12
Physical assets
3 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Red Bluff Express Pipeline | Gas pipeline | Gas | United States | Parent |
| Saddlehorn Oil Pipeline | Oil ngl pipeline | Oil | United States | Parent |
| Saddlehorn Oil Pipeline | Oil ngl pipeline | Oil | United States | Parent |
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Capex To Revenuecapital_expenditure / revenue
- WESTERN MIDSTREAM PARTNERS, LP Market data — financials · 2026-07-26
- failed_redrive (failed_redrive) on WES.O · 2026-07-26
- Western Midstream Partners LP Market data — analyst estimates · 2026-07-26
- Western Midstream Partners LP Market data — ESG · 2026-07-26
- Wesfarmers Ltd — company reference export (2026-07-05) · 2026-07-26
Ownership & reference
Top holders
- Funds · as of 2026-03-310,15 %$990M
- Investment Managers · as of 2026-03-310,05 %$361M
- Investment Managers · as of 2026-03-310,03 %$153M
- Investment Managers · as of 2026-03-310,03 %$37M
- Investment Managers · as of 2026-03-310,01 %$187M
- Investment Managers · as of 2026-03-310,01 %$13M
- Brokerage Firms · as of 2026-03-310,01 %$23M
- Brokerage Firms · as of 2026-03-310,01 %$35M
- Investment Managers · as of 2026-03-310,01 %$10M
- Investment Managers · as of 2026-03-310,00 %$12M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2024-12-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2024-06-300,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Director · Common Units representing limited partner interestsBought 1 250 @ $40,19$50K · 2026-03-11
- SVP, GC and Secretary · Common Units representing limited partner interestsOther 10 819 · 2026-02-12
- SVP, GC and Secretary · Common Units representing limited partner interestsOther 4 258 @ $42,35$180K · 2026-02-12
- SVP, GC and Secretary · Common Units representing limited partner interestsOther 14 940 · 2026-02-12
- SVP, GC and Secretary · Common Units representing limited partner interestsSold 5 879 @ $42,35$249K · 2026-02-12
- SVP, GC and Secretary · Common Units representing limited partner interestsOther 10 009 · 2026-02-12
- SVP, GC and Secretary · Common Units representing limited partner interestsOther 3 939 @ $42,35$167K · 2026-02-12
- SVP, GC and Secretary · Common Units representing limited partner interestsOther 25 316 · 2026-02-12
- SVP, GC and Secretary · Common Units representing limited partner interestsOther 9 962 @ $42,35$422K · 2026-02-12
- SVP, GC and Secretary · Common Units representing limited partner interestsOther 30 704 · 2026-02-12
- SVP, GC and Secretary · Common Units representing limited partner interestsOther 12 124 @ $42,35$513K · 2026-02-12
- Director · Common Units representing limited partner interestsOther 3 843 · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 10 819 · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 4 258 @ $42,35$180K · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 14 940 · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 5 879 @ $42,35$249K · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 10 009 · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 3 939 @ $42,35$167K · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 25 316 · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 9 962 @ $42,35$422K · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 30 704 · 2026-02-12
- SVP & Chief Operating Officer · Common Units representing limited partner interestsOther 12 114 @ $42,35$513K · 2026-02-12
- SVP & Chief Accounting Officer · Common Units representing limited partner interestsOther 7 018 · 2026-02-12
- SVP & Chief Accounting Officer · Common Units representing limited partner interestsOther 2 762 @ $42,35$117K · 2026-02-12
- SVP & Chief Accounting Officer · Common Units representing limited partner interestsOther 11 952 · 2026-02-12
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Operating income (YoY) (2025-12-31 vs 2024-12-31): -18.7%Derived (calculated)
- Net margin (FY 2025-12-31): 30.7%Derived (calculated)
- Return on assets (FY 2025-12-31): 7.9%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.34xDerived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -24.8%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -24.9%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 4.0%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 6.6%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 14.1%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 10.9%Derived (calculated)
- Revenue (annual): USD 3.84BSEC XBRL filing
- Current assets (annual): USD 1.66BSEC XBRL filing
- Net income (annual): USD 1.18BSEC XBRL filing
- Pre-tax income (annual): USD 1.23BSEC XBRL filing
- Cash & equivalents (annual): USD 819.49MSEC XBRL filing
- Total assets (annual): USD 15BSEC XBRL filing
- Total liabilities (annual): USD 10.84BSEC XBRL filing
- Current liabilities (annual): USD 1.24BSEC XBRL filing
- Operating cash flow (annual): USD 2.22BSEC XBRL filing
- Operating income (annual): USD 1.6BSEC XBRL filing
- Interest expense (annual): USD 390.49MSEC XBRL filing
- Total liabilities (YoY) (2024-12-31 vs 2023-12-31): 3.5%Derived (calculated)
- Total assets (YoY) (2024-12-31 vs 2023-12-31): 5.4%Derived (calculated)
- Revenue (YoY) (2024-12-31 vs 2023-12-31): 16.1%Derived (calculated)