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
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Western Midstream Partners, LP (WES) 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 | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| CQP Cheniere Energy Partners, L.P. compare | $2.9B |
| PAA Plains All American Pipeline, L.P. compare | $2.4B |
| PAGP Plains Group Holdings, L.P. compare | $2.4B |
| WES Western Midstream Partners, LP | $2.1B |
| FRO Frontline PLC compare | $1.7B |
| PBA Pembina Pipeline Corp. compare | $1.6B |
| DTM DT Midstream, Inc. compare | $533.0M |
| VNOM Viper Energy Inc. compare | $104.0M |
| VG Venture Global, Inc. compare | −$7.0B |
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)
More on WES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement