Friday 6 November 2026 Export WES’s income statement to Excel — free account

Western Midstream Partners, LP

Western Midstream Partners, LP’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, up 6.61% from fiscal 2024.

Revenue: +25.4%
EPS: −9.20%
Free cash flow: +44.5%
Total debt: +32.0%

Quarter to September 2026, against a year earlier

39.75 0.10 −0.25%

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Market cap: $16.5B
P/E: 12.9×
Fwd P/E: 12.5×
Dividend yield: 9.25%
F-score: 4/9
Altman Z: n/a
Beneish M: −2.62
Dividend safety: 26/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26 From the 10-Q filed 4 Nov
P/E ratio Full definition →	+8 more quarters Free account	13.12	13.37	13.72	14.27
P/S ratio Full definition →		3.97	4.06	4.02	4.01
P/FCF ratio Full definition →		10.34	12.42	14.73	15.61
P/Operating CF Full definition →		27.35	34.97	32.57	32.30
P/B ratio Full definition →		3.66	4.69	3.96	4.22
Price to Tangible BV Full definition →		5.27	7.28	6.63	7.20
EV/Sales Full definition →		6.00	6.03	6.09	6.00
EV/EBITDA Full definition →		9.95	10.15	10.46	10.88
EV/Operating CF Full definition →		10.38	11.30	12.36	12.89
EV/FCF Full definition →		15.65	18.47	22.30	23.37
Quick Ratio Full definition →		1.29	1.04	0.85	0.77
Current Ratio Full definition →		1.34	1.09	0.91	0.81
Net Debt/EBITDA Full definition →		15.52	11.92	12.20	0.00
Debt/Assets Full definition →		57.63%	57.89%	55.48%	55.70%
Debt/Equity Full definition →		2.08	2.46	2.06	2.11
Asset Turnover Full definition →		0.27	0.30	0.30	0.32
Operating CF/Net income Full definition →		3.11	1.37	1.35	0.00
Capex/Depreciation Full definition →		(1.24)	(1.21)	(1.39)	0.00
Interest Coverage Full definition →		2.89	4.14	4.83	3.96
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		45.78%	31.94%	31.93%	0.00%
Intangible Assets out of Total Assets Full definition →		0.08	0.08	0.11	0.11
Share Based Compensation of Revenue Full definition →		2.07%	0.97%	1.10%	1.07%
Graham Net Nets Full definition →		(0.60)	(0.60)	(0.62)	(0.59)
Graham Number Full definition →		27.02	24.68	28.17	27.14
Earnings Yield Full definition →		7.62%	7.48%	7.29%	7.01%
Free Cash Flow Yield Full definition →		9.67%	8.05%	6.79%	6.41%
Revenue per Share Full definition →		2.67	2.82	3.08	2.89
Operating CF per Share Full definition →		1.44	1.18	1.34	1.37
Capex per Share Full definition →		(0.64)	(0.61)	(0.72)	0.01
Free Cash Flow per Share Full definition →		0.81	0.57	0.62	1.39
Cash per Share Full definition →		2.12	1.62	0.26	0.11
Shareholders Equity per Share Full definition →		10.78	8.79	11.06	10.52
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		10.78	8.79	11.06	10.52
Free Cash Flow Full definition →		311.98	226.91	246.91	573.09
Working Capital Full definition →		420.46	132.25	(110.58)	(269.66)
Capital Expenditures Full definition →		(245.67)	(243.00)	(287.83)	5.58
Net Current Asset Value Full definition →		(9,178.36)	(9,878.10)	(10,777.09)	(10,902.25)
EV/EBIT Full definition →		14.41	14.71	15.13	15.57
Capex to Sales Full definition →		0.24	0.22	0.24	0.00
Price to Operating Income Full definition →		9.52	9.89	9.99	10.40
Other line items
Average Receivables Full definition →		737.52	747.98	829.84	878.13
Average Payables Full definition →		316.06	385.55	433.70	426.40
Average Assets Full definition →		14,071.61	13,690.69	14,238.67	14,279.65
Average Common Equity Full definition →		3,769.15	3,420.28	3,867.79	3,838.52

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Columns are period end dates · fundamentals updated 4 Nov 2026

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