WES (Western Midstream Partners, LP) Stock Financials & Earnings

WESWestern Midstream Partners, LP

Mkt Cap$17B

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

Revenue (TTM)$3.8B

Net Income (TTM)$1.2B

EPS (TTM)$3.00

Free Cash Flow (TTM)$1.5B

Gross Margin68.5%

Op. Margin41.3%

Net Margin30.4%

FCF Margin38.9%

P/S Ratio (TTM)4.4x

P/E Ratio (TTM)14.3x

YoY Rev Growth+6.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$734M	$538M	$290M
Q2 23	$738M	$550M	$337M
Q3 23	$776M	$601M	$361M
Q4 23	$858M	$652M	$392M
Q1 24	$888M	$684M	$679M
Q2 24	$906M	$688M	$470M
Q3 24	$883M	$685M	$396M
Q4 24	$929M	$726M	$426M
Q1 25	$917M	$705M	$410M
Q2 25	$942M	$728M	$444M
Q3 25	$952M	$689M	$442M
Q4 25	$1.0B	$510M	$290M

Revenue Breakdown

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Revenue Segments

Quarter	Product	Product and Service, Other	Service Fee Based	Service Product Based
Q1 23	$39M	$280K	$648M	$47M
Q2 23	$30M	$152K	$662M	$47M
Q3 23	$32M	$368K	$696M	$48M
Q4 23	$45M	$168K	$764M	$50M
Q1 24	$39M	$435K	$781M	$67M
Q2 24	$50M	$267K	$794M	$61M
Q3 24	$20M	$255K	$814M	$49M
Q1 25	$34M	$198K	$823M	$59M
Q2 25	$40M	$181K	$851M	$50M
Q3 25	$50M	$183K	$868M	$34M
Q4 25	$70M	$1M	$910M	$50M

War Chest

Quarter	Cash	Short-term Investments	Total
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

Revenue Per Employee

Revenue / Employee