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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

40.02 0.17 +0.43%
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/FCF

Alert me on EV/FCF

As of 5 November 2026, Western Midstream Partners, LP (WES) trades at a EV/FCF of 21.8×. Over the past ten years it has ranged from −330× (May 2015) to 732× (July 2015); the current reading is higher than 67% of that period.

EV/FCF, daily

Embed this chart

Annual newest first

Period EV/FCF Change
FY2025 15.6× 51.40%
FY2024 10.3× (50.47%)
FY2023 20.9× 83.87%
FY2022 11.3× 5.33%
FY2021 10.8× (0.98%)
FY2020 10.9× (90.83%)
FY2019 119× —
FY2018 −18.8× —
FY2017 315× 1,115.53%
FY2016 25.9× (29.47%)

Quarterly newest first

Period EV/FCF Change
Sep 2026 23.4× 4.81%
Jun 2026 22.3× 20.74%
Mar 2026 18.5× 18.02%
Dec 2025 15.6× 7.46%
43 more quarters

Against its own ten years

Low −330× High 732×
Ten-year median 14.0×
Current reading's percentile 63

EV/FCF against peers

Company EV/FCF
VG Venture Global, Inc. compare −9.7×
PAGP Plains Group Holdings, L.P. compare 5.2×
FRO Frontline PLC compare 7.2×
PAA Plains All American Pipeline, L.P. compare 10.1×
CQP Cheniere Energy Partners, L.P. compare 14.4×
WES Western Midstream Partners, LP 21.8×
PBA Pembina Pipeline Corp. compare 23.5×
DTM DT Midstream, Inc. compare 27.4×
VNOM Viper Energy Inc. compare 101×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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