Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
WES logo WES
Upturn stock ratingUpturn stock rating
WES logo

Western Midstream Partners LP (WES)

Upturn stock ratingUpturn stock rating
$38.55
Last Close (24-hour delay)
Profit since last BUY-1.36%
upturn advisory
Consider higher Upturn Star rating
BUY since 18 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/20/2025: WES (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

13 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $40

1 Year Target Price $40

Analysts Price Target For last 52 week
$40Target price
Low$32.78
Current$38.55
high$41.37

Analysis of Past Performance

Type Stock
Historic Profit 34.61%
Avg. Invested days 74
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/20/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 14.70B USD
Price to earnings Ratio 11.54
1Y Target Price 40
Price to earnings Ratio 11.54
1Y Target Price 40
Volume (30-day avg) 13
Beta 1.08
52 Weeks Range 32.78 - 41.37
Updated Date 06/30/2025
52 Weeks Range 32.78 - 41.37
Updated Date 06/30/2025
Dividends yield (FY) 9.44%
Basic EPS (TTM) 3.34

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 35.2%
Operating Margin (TTM) 42.97%

Management Effectiveness

Return on Assets (TTM) 7.86%
Return on Equity (TTM) 39.99%

Valuation

Trailing PE 11.54
Forward PE 11.06
Enterprise Value 21590517078
Price to Sales(TTM) 4.05
Enterprise Value 21590517078
Price to Sales(TTM) 4.05
Enterprise Value to Revenue 5.94
Enterprise Value to EBITDA 9.02
Shares Outstanding 381327008
Shares Floating 214328857
Shares Outstanding 381327008
Shares Floating 214328857
Percent Insiders 0.32
Percent Institutions 84

Analyst Ratings

Rating 4
Target Price 40
Buy 1
Strong Buy 2
Buy 1
Strong Buy 2
Hold 8
Sell 1
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Western Midstream Partners LP

stock logo

Company Overview

overview logo History and Background

Western Midstream Partners LP (WES) was formed in 2007 by Anadarko Petroleum Corporation. It focuses on gathering, processing, treating, and transporting natural gas, natural gas liquids (NGLs), crude oil, and condensate.

business area logo Core Business Areas

  • Gathering: Collecting natural gas, crude oil, and condensate from wellheads and transporting it to processing facilities.
  • Processing: Removing impurities and separating natural gas into its components (e.g., methane, ethane, propane).
  • Transportation: Moving processed natural gas, NGLs, crude oil, and condensate through pipelines.
  • Treating: Removes impurities from natural gas.

leadership logo Leadership and Structure

The General Partner of Western Midstream Partners LP is Western Midstream Holdings, LLC. The leadership team includes Michael Ure (CEO) and Kristen Shaughnessy (CFO). The company operates as a master limited partnership (MLP).

Top Products and Market Share

overview logo Key Offerings

  • Natural Gas Gathering: Collecting natural gas from wellheads. Market share data is difficult to pinpoint exactly for a single company. Competitors include Kinder Morgan (KMI), MPLX LP (MPLX). Revenue difficult to pinpoint exactly per segment, but is a significant part of total revenue.
  • Natural Gas Processing: Processing natural gas to remove impurities and separate components. Again, market share is hard to pinpoint. Competitors include Energy Transfer (ET) and Williams Companies (WMB). Revenue difficult to pinpoint exactly per segment, but is a significant part of total revenue.
  • Crude Oil Gathering: Collecting crude oil from wellheads. Competitors include Enterprise Products Partners L.P. (EPD).

Market Dynamics

industry overview logo Industry Overview

The midstream sector transports and processes oil and natural gas, linking producers with consumers. It is affected by commodity prices, production levels, and regulatory changes.

Positioning

Western Midstream Partners LP operates primarily in the Rocky Mountain region, and the Delaware Basin. It has competitive advantages through its strategic asset locations and long-term contracts with producers.

Total Addressable Market (TAM)

The midstream oil and gas market is multi-billion dollar globally. Western Midstream Partners LP captures a portion of the market through its infrastructure and operations in key production areas.

Upturn SWOT Analysis

Strengths

  • Strategic asset locations
  • Long-term contracts
  • Integrated service offerings
  • Experienced management team

Weaknesses

  • Sensitivity to commodity price fluctuations
  • Dependence on producers' drilling activity
  • Regulatory risk
  • MLP structure can complicate financing

Opportunities

  • Expansion into new geographic areas
  • Acquisition of complementary assets
  • Increased demand for natural gas
  • Development of new infrastructure projects

Threats

  • Decreased drilling activity
  • Increased regulatory scrutiny
  • Competition from other midstream companies
  • Changes in commodity prices

Competitors and Market Share

competitor logo Key Competitors

  • KMI
  • MPLX
  • ET
  • EPD
  • WMB

Competitive Landscape

Western Midstream Partners LP competes with other midstream companies for gathering, processing, and transportation contracts. Its competitive advantages include its strategic asset locations and integrated service offerings. Disadvantages can include its smaller scale compared to some larger competitors.

Major Acquisitions

Merit Energy Company

  • Year: 2020
  • Acquisition Price (USD millions): 380
  • Strategic Rationale: Acquired gas gathering and processing assets to expand footprint in the Powder River Basin.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven by acquisitions, organic expansion, and increased throughput volumes.

Future Projections: Future growth is expected to be driven by increased production in the Delaware and Rocky Mountain region, expansion of existing infrastructure, and potential acquisitions. Analyst estimates are needed for precise projections.

Recent Initiatives: Recent initiatives include optimizing operations, expanding gathering and processing capacity in the Delaware Basin, and pursuing strategic acquisitions.

Summary

Western Midstream Partners LP is a midstream company that has potential to grow. Its strategic assets and long-term contracts provide a solid foundation. The company is exposed to commodity price fluctuations and regulatory risks. Expansion into new areas and further infrastructure development are key for future success. Given the volatile nature of the oil and gas industry, cautious monitoring of market conditions is crucial.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC filings
  • Industry reports
  • Analyst estimates
  • Company Website

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Financial data and market share are estimates and may not be precise. Please conduct thorough research and consult with a financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Western Midstream Partners LP

Exchange NYSE
Headquaters 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 1511
Full time employees 1511

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 of natural gas; gathering, stabilizing, and transporting of condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. Western Midstream Holdings, LLC operates as the general partner of the company. 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.