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

40.21 0.36 +0.90%
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

Western Midstream Partners, LP (WES) Free cash flow

Alert me on Free cash flow

Western Midstream Partners, LP's free cash flow for fiscal 2025 was $1.5B, down 29.0% from $2.1B in fiscal 2024. Over the twelve months to 30 September 2026 it was $2.1B. Over the past ten years it has ranged from −$596.5M (fiscal 2018) to $2.1B (fiscal 2024); the current reading is higher than 91% of that period. Western Midstream Partners, LP ranks 12th of 56 Oil & Gas Midstream companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $1.5B (29.00%)
FY2024 $2.1B 132.37%
FY2023 $893.8M (39.16%)
FY2022 $1.5B (0.23%)
FY2021 $1.5B 25.16%
FY2020 $1.2B 770.19%
FY2019 $135.2M —
FY2018 −$596.5M —
FY2017 $38.0M (92.08%)
FY2016 $479.2M 64.28%

Quarterly newest first

Period Free cash flow Change
Sep 2026 $573.1M 132.11%
Jun 2026 $246.9M 8.81%
Mar 2026 $226.9M (27.27%)
Dec 2025 $312.0M (21.36%)
43 more quarters

Against its own ten years

Low −$596.5M High $2.1B
Ten-year median $893.8M
Current reading's percentile 91

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

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

The full definition of Free cash flow →

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