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: 12.8×
Fwd P/E: 12.5×
Dividend yield: 9.31%
F-score: 4/9
Altman Z: n/a
Beneish M: −2.62
Dividend safety: 26/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

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

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Columns are period end dates · fundamentals updated 4 Nov 2026

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