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Upturn AI Summary - About
Western Midstream Partners LP(WES)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for WES
10/02/2026: WES (3-star) is currently NOT-A-BUY. Pass it for now.
Western Midstream Partners LP is a midstream energy company that provides essential gathering, processing, and transportation services for natural gas and crude oil in major U.S. shale basins. The company benefits from a fee-based contract structure and a close strategic relationship with Occidental Petroleum, which supports stable cash flows. Its main opportunity lies in optimizing existing infrastructure and exploring energy transition initiatives like carbon sequestration. However, risks include high customer concentration, sensitivity to regional production trends, and the regulatory environment. This stock may suit dividend-focused investors seeking consistent income, though they should monitor leverage levels and the long-term energy transition landscape.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | WES is more focused on stability and distributions than aggressive capital appreciation. |
| Momentum investor | Mixed fit | Momentum may occur during energy price rallies, but the stock is generally range-bound. |
| Value investor | Strong fit | The partnership often trades at attractive valuations relative to its stable cash flow yield. |
| Dividend investor | Strong fit | WES is designed to provide consistent income distributions to its unitholders. |
| Low-risk investor | Mixed fit | While cash flows are stable, the midstream energy sector carries inherent commodity and regulatory risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | While contracts are fee-based, underlying production volume can still be influenced by energy price fluctuations. |
| Valuation risk | Medium | Changes in interest rates can significantly impact the valuation of yield-oriented MLP equities. |
| Competition risk (Infrastructure) | Medium | Regional competition for throughput volumes can exert pressure on gathering and processing rates. |
| Business quality | Medium | The reliance on a single major sponsor for a large portion of business creates counterparty concentration risk. |
| Dividend income | Medium | Distribution levels depend on capital allocation decisions and maintenance of financial leverage targets. |
| Execution risk | Low | Operating complex pipeline and processing systems requires consistent safety and operational performance. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 30.3% | Avg. Invested days 70 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/02/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 18.34B USD | Price to earnings Ratio 14.04 | 1Y Target Price 49.69 |
Price to earnings Ratio 14.04 | 1Y Target Price 49.69 | ||
Volume (30-day avg) 843.0K shares | Beta 0.66 | 52 Weeks Range 34.02 - 50.07 | Updated Date 10/02/2026 |
52 Weeks Range 34.02 - 50.07 | Updated Date 10/02/2026 | ||
Dividends yield (FY) 8.29% | Basic EPS (TTM) 3.16 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Gathering and Processing | Collecting and treating raw natural gas and separating NGLs. | The company earns fees for moving gas from the well to processing plants. |
| Transmission and Transportation | Pipeline transport of natural gas, oil, and produced water. | The company charges tolls for transporting energy products through its network. |
| Geography (U.S. Basins) | Operations in Permian and DJ Basins. | Revenue is highly dependent on oil and gas drilling activity in these specific U.S. regions. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 14.04 | Forward PE 11.3 | Enterprise Value 27.89B | Price to Sales(TTM) 4.23 |
Enterprise Value 27.89B | Price to Sales(TTM) 4.23 | ||
Enterprise Value to Revenue 6.44 | Enterprise Value to EBITDA 11.05 | Shares Outstanding 413.17M | Shares Floating 261.83M |
Shares Outstanding 413.17M | Shares Floating 261.83M | ||
Percent Insiders 36.59 | Percent Institutions 43.67 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Western Midstream Partners LP
Exchange NYSE | Headquarters The Woodlands, TX, United States | ||
IPO Launch date 2008-05-09 | President, CEO & Director - Western Midstream Holdings LLC Mr. Oscar K. Brown | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees 1704 | Website https://www.westernmidstream.com |
Full time employees 1704 | Website https://www.westernmidstream.com | ||
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company 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 of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. 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.
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