WES

MKT CAP:$17B

Western Midstream Partners, LP

Market Cap

$17B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Energy·Oil & Gas Midstream·🇺🇸·NYSE

Stock Price

$40.69+$0.97 (+2.44%)

Apr 20, 2026

Company Details

Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates primarily in the United States. It is involved in gathering, compressing, treating, processing, and transport...

CEO

Oscar K. Brown

IPO Date

Dec 10, 2012

Website

www.westernmidstream.com

Key Metrics TTM

Revenue

$952M

— YoY

Net Income

$332M

EPS (Diluted)

$0.87

Free Cash Flow

$397M

Revenue / Share

$2.49

Gross Margin

72.3%

Operating Margin

46.4%

Net Margin

34.8%

FCF Margin

41.7%

P/S

17.6x

P/E

50.4x

Earnings Reports

Q4 2025

May 6, 2026

PENDING

Q3 2025

Nov 4, 2025

$952MEPS $0.87

FY 2007

Dec 30, 2007

$255MEPS $0.54

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 25	$952M	$689M	$442M

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 25	$582M	$397M

Capital Expenditures

Quarter	CapEx
Q3 25	$185M

CapEx

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q3 25	$64M

Revenue Segments

Quarter	Product	Product and Service, Other	Service Fee Based	Service Product Based
Q3 25	$50M	$183.0K	$868M	$34M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$248M	$0	$248M
Q2 22	$97M	$0	$97M
Q3 22	$159M	$0	$159M
Q4 22	$287M	$0	$287M
Q1 23	$113M	$0	$113M
Q2 23	$214M	$0	$214M
Q3 23	$489M	$0	$489M
Q4 23	$273M	$0	$273M
Q1 24	$295M	$0	$295M
Q2 24	$344M	$0	$344M
Q3 24	$1.1B	$0	$1.1B
Q4 24	$1.1B	$0	$1.1B
Q1 25	$448M	$0	$448M
Q2 25	$130M	$0	$130M
Q3 25	$177M	$0	$177M
Q4 25	$819M	$0	$819M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 25	383M	—	—

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 25	$630.4K	2K

Revenue / Employee