Wall Street analyst estimates for Western Midstream Partners, LP (WES): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
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.
Consensus price target
$49.71 (+10 % vs price $45.03)
between $46.00 and $55.00 · 4 targets published in the last quarter
Closing price, Oct 28
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $4.7B | $4.6B – $4.8B | $3.73 | 7 |
| 2027E | $4.9B | $4.7B – $5.1B | $4.06 | 7 |
| 2028E | $5.0B | $4.8B – $5.3B | $4.42 | 7 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 4 |
| Hold | 8 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 13 |
| Avg rating (−2 sell to +2 buy) | 0.23 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-04 | $0.92 | ||
| 2026-08-05 | $0.99 | $0.91 | +9.2% |
| 2026-05-06 | $0.85 | $0.74 | +14.6% |
| 2026-02-18 | $0.47 | $0.84 | -44.4% |
| 2025-11-04 | $0.87 | $0.88 | -1.1% |
| 2025-08-06 | $0.87 | $0.83 | +4.9% |
| 2025-05-07 | $0.79 | $0.83 | -5.2% |
| 2025-02-26 | $0.85 | $0.85 | +0.1% |
Valuation Ratios
| P/E Ratio | 14.07 |
| Price / Book | 4.21 |
| EV / EBITDA | 11.98 |
| Dividend Yield | 8.17% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.80B | $2.25B | $1.99B | $2.75B | $2.77B | $2.88B | $3.25B | $3.11B | $3.61B | $3.84B |
| Cost of Revenue | $767.1M | $1.20B | $769.5M | $927.5M | $679.2M | $873.9M | $1.00B | $765.3M | $822.7M | $1.21B |
| Gross Profit | $1.04B | $1.05B | $1.22B | $1.82B | $2.09B | $2.00B | $2.25B | $2.34B | $2.78B | $2.63B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $49.2M | $50.7M | $63.7M | $114.6M | $155.8M | $195.5M | $194.0M | $232.6M | $271.5M | $398.9M |
| Operating Expenses | $397.4M | $413.5M | $521.5M | $587.3M | $1.21B | $667.0M | $660.6M | $961.6M | $811.8M | $1.05B |
| Operating Income | $704.5M | $704.4M | $625.4M | $1.23B | $878.9M | $1.34B | $1.59B | $1.38B | $1.97B | $1.59B |
| EBITDA | $910.0M | $1.01B | $1.25B | $1.60B | $1.38B | $1.85B | $2.16B | $1.99B | $2.64B | $2.30B |
| Interest Expense | $116.6M | $144.6M | $183.8M | $303.3M | $380.1M | $363.8M | $321.7M | $335.8M | $365.2M | $390.5M |
| Pre-tax Income | $605.4M | $578.1M | $451.5M | $821.2M | $522.9M | $934.2M | $1.26B | $1.05B | $1.63B | $1.23B |
| Income Tax | $8.4M | $4.9M | $2.9M | $13.5M | $6.0M | -$9.8M | $4.2M | $4.4M | $18.1M | $15.1M |
| Net Income | $345.8M | $376.6M | $369.4M | $697.2M | $527.0M | $916.3M | $1.22B | $1.02B | $1.57B | $1.17B |
| EPS | $1.53 | $1.72 | $1.69 | $1.68 | $1.18 | $2.18 | $3.01 | $2.61 | $4.04 | $3.01 |
| EPS (Diluted) | $1.53 | $1.72 | $1.69 | $1.68 | $1.18 | $2.18 | $3.00 | $2.60 | $4.02 | $3.00 |
| Shares Outstanding (Diluted) | 218.9 M | 218.9 M | 218.9 M | 415.8 M | 435.6 M | 412.0 M | 396.2 M | 384.4 M | 382.5 M | 402.5 M |
Price
| Price | $45.03 (closing price, October 28, 2026) |
| Market Cap | $18.6B |
| Exchange | NYSE |
| Country | US |
Related companies: PAA · EPD · MPLX · OKE · TRGP · DTM · AM · HESM
Explore sector: Energy · Oil & Gas Midstream
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