Valuation dashboard for Western Midstream Partners, LP (WES) with P/E 14.32, P/B 4.28, EV/EBITDA 11.98 and dividend yield 8.03%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.
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.
Analysis Summary
Western Midstream Partners, LP reported revenue of $3.84B in the most recent fiscal year, growing at a 5-year CAGR of 6.7%. Net income reached $1.17B, with a 17.3% 5-year CAGR.
Trailing-twelve-month margins: gross margin 66.5%, operating margin 39.7%, net margin 29.2%.
At $45.82 (closing price, October 29, 2026), WES trades at a P/E of 14.32 and an ROE of 34.12%. Market capitalisation stands at $18.9B, placing it among large-cap names.
Balance sheet quality for WES: current ratio of 1.3. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 14.32 |
| Price / Book | 4.28 |
| EV / EBITDA | 11.98 |
| Dividend Yield | 8.03% |
Valuation Models
| DCF Fair Value | $67.85 |
| vs Current Price | +48.1% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| WES | Western Midstream Partners, LP | $18.9B | 14.32 | 4.28 | 34.1% |
| PAA | Plains All American Pipeline, L.P. | $18.8B | 7.38 | 1.72 | 27.5% |
| EPD | Enterprise Products Partners L.P. | $80.3B | 12.91 | 2.82 | 21.2% |
| MPLX | MPLX Lp | $60.7B | 12.88 | 4.33 | 33.4% |
| OKE | ONEOK, Inc. | $60.4B | 22.23 | 2.59 | 17.9% |
| TRGP | Targa Resources Corp. | $67.0B | 29.75 | 17.99 | 72.1% |
| DTM | DT Midstream, Inc. | $13.0B | 27.85 | 2.71 | 9.9% |
| AM | Antero Midstream Corporation | $10.2B | 25.62 | 4.61 | 33.5% |
Price
| Price | $45.82 (closing price, October 29, 2026) |
| Market Cap | $18.9B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 34.12% |
| Return on Invested Capital | 11.08% |
| Return on Assets | 7.75% |
| Gross Margin | 66.47% |
| Operating Margin | 39.69% |
| Net Margin | 29.20% |
Related companies: PAA · EPD · MPLX · OKE · TRGP · DTM · AM · HESM
Explore sector: Energy · Oil & Gas Midstream
More sections of WES: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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