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

Western Midstream Partners, LP

WES Energy Oil & Gas Midstream

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

39.99 2.55 −5.99%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Western Midstream Partners, LP (WES) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Western Midstream Partners, LP (WES) trades at a EV/EBITDA of 10.2×. Over the past ten years it has ranged from 5.3× (March 2020) to 29.8× (May 2015); the current reading is higher than 60% of that period. That is above the Oil & Gas Midstream industry median of 9.0× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 9.9× 21.92%
FY2024 8.2× (13.00%)
FY2023 9.4× 22.51%
FY2022 7.7× (8.51%)
FY2021 8.4× 13.41%
FY2020 7.4× (20.76%)
FY2019 9.3× 4.27%
FY2018 8.9× (15.99%)
FY2017 10.6× (16.65%)
FY2016 12.8× (47.13%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 10.9× 4.08%
Jun 2026 10.5× 3.05%
Mar 2026 10.1× 1.97%
Dec 2025 9.9× 10.10%
43 more quarters

Against its own ten years

Low 5.3× High 29.8×
Ten-year median 9.2×
Current reading's percentile 60

EV/EBITDA against peers

Company EV/EBITDA
PAGP Plains Group Holdings, L.P. compare 4.8×
FRO Frontline PLC compare 7.4×
CQP Cheniere Energy Partners, L.P. compare 8.9×
VG Venture Global, Inc. compare 9.2×
PAA Plains All American Pipeline, L.P. compare 9.5×
VNOM Viper Energy Inc. compare 9.8×
WES Western Midstream Partners, LP 10.2×
PBA Pembina Pipeline Corp. compare 13.2×
DTM DT Midstream, Inc. compare 15.4×
Oil & Gas Midstream industry median 9.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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