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. In the quarter to June 2026, revenue grew 30.0%, EPS grew 12.5%, free cash flow fell 36.2% and total debt rose 30.5%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
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Western Midstream Partners, LP (WES) EV/Sales
As of 16 October 2026, Western Midstream Partners, LP (WES) trades at a EV/Sales of 6.2×. Over the past ten years it has ranged from 3.3× (April 2020) to 10.7× (February 2015); the current reading is higher than 64% of that period. That is above the Oil & Gas Midstream industry median of 3.9× and above the Energy sector median of 2.3×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 6.0× | 0.83% |
| FY2024 | 6.0× | (0.84%) |
| FY2023 | 6.0× | 17.10% |
| FY2022 | 5.1× | (7.01%) |
| FY2021 | 5.5× | 13.84% |
| FY2020 | 4.8× | (17.11%) |
| FY2019 | 5.8× | 19.74% |
| FY2018 | 4.9× | (0.92%) |
| FY2017 | 4.9× | (28.49%) |
| FY2016 | 6.9× | 12.51% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 6.1× | 0.92% |
| Mar 2026 | 6.0× | 0.45% |
| Dec 2025 | 6.0× | 3.28% |
| Sep 2025 | 5.8× | (1.04%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| PAGP Plains Group Holdings, L.P. compare | 0.2× |
| PAA Plains All American Pipeline, L.P. compare | 0.5× |
| CQP Cheniere Energy Partners, L.P. compare | 3.9× |
| VG Venture Global, Inc. compare | 4.1× |
| FRO Frontline PLC compare | 4.6× |
| VNOM Viper Energy Inc. compare | 5.2× |
| WES Western Midstream Partners, LP | 6.2× |
| PBA Pembina Pipeline Corp. compare | 6.5× |
| DTM DT Midstream, Inc. compare | 12.1× |
| Oil & Gas Midstream industry median | 3.9× |
| Energy sector median | 2.3× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)