Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
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
11/06/2026: WES (3-star) is currently NOT-A-BUY. Pass it for now.
Western Midstream Partners LP is a specialized midstream energy company providing essential gathering, processing, and transportation services to oil and gas producers, primarily in the Permian and DJ basins. The partnership benefits from a stable, fee-based business model and a close operational relationship with its sponsor, Occidental Petroleum. Its primary growth opportunity lies in optimizing its existing asset footprint and expanding high-demand services like water management. However, investors face risks from commodity price cycles, sector-wide regulatory scrutiny, and high leverage. Overall, WES is well-suited for dividend-focused investors seeking exposure to North American energy infrastructure through a mature, income-generating model.
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 | The company offers moderate growth potential through operational optimization rather than rapid expansion. |
| Momentum investor | Strong fit while signal remains positive | Strong price trends in the energy sector can make WES attractive to momentum strategies. |
| Value investor | Strong fit | WES is often viewed as a value play due to its stable dividend yield and established infrastructure assets. |
| Dividend investor | Strong fit | The partnership is structured to provide consistent income through regular quarterly distributions. |
| Low-risk investor | Mixed fit | While distributions are stable, exposure to energy commodity cycles introduces inherent market volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Energy sector sentiment and commodity price swings can lead to significant stock price fluctuations. |
| Valuation risk | Medium | Returns depend on the market's assessment of long-term demand for oil and gas infrastructure. |
| Competition risk | Medium | Major pipeline operators compete for volume in the same high-demand basins. |
| Business quality | Strong | The company operates essential, long-lived assets that are difficult to replicate. |
| Dividend income | Medium / high | Distributions are dependent on cash flow stability and capital allocation decisions. |
| Execution risk | Medium | Successfully integrating projects and managing operational costs is critical to maintaining margins. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 44.03% | Avg. Invested days 82 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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 16.47B USD | Price to earnings Ratio 12.98 | 1Y Target Price 49.54 |
Price to earnings Ratio 12.98 | 1Y Target Price 49.54 | ||
Volume (30-day avg) 1.4M shares | Beta 0.71 | 52 Weeks Range 35.35 - 49.07 | Updated Date 11/08/2026 |
52 Weeks Range 35.35 - 49.07 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.07 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Fee-Based Services | Long-term contracts for gathering, processing, and transporting natural gas and liquids. | WES earns money by charging producers to use its pipelines and facilities, similar to a toll road. |
| Geography: Permian/Delaware Basin | Infrastructure in one of the most productive shale plays in the US. | The company's profitability is closely tied to the amount of oil and gas extracted in the Texas and New Mexico regions. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-11-04 | When After Market | Estimate 0.89 | Actual 0.78 |
Profitability
Profit Margin 29% | Operating Margin (TTM) 41.67% |
Management Effectiveness
Return on Assets (TTM) 7.49% | Return on Equity (TTM) 34.11% |
Valuation
Trailing PE 12.98 | Forward PE 9.81 | Enterprise Value 25.66B | Price to Sales(TTM) 3.8 |
Enterprise Value 25.66B | Price to Sales(TTM) 3.8 | ||
Enterprise Value to Revenue 5.61 | Enterprise Value to EBITDA 9.88 | Shares Outstanding 413.22M | Shares Floating 261.80M |
Shares Outstanding 413.22M | Shares Floating 261.80M | ||
Percent Insiders 36.59 | Percent Institutions 43.85 |
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.