stockrowWestern 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) Gross margin
Western Midstream Partners, LP's gross margin over the twelve months to 30 September 2026 was 91.0%, down 3.7 percentage points from fiscal 2025 (94.6%). Over the past ten years it has ranged from 60.7% (fiscal 2017) to 95.2% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Oil & Gas Midstream industry median of 54.9% and above the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 94.6% | (0.61) |
| FY2024 | 95.2% | 0.52 |
| FY2023 | 94.7% | 7.64 |
| FY2022 | 87.1% | (1.74) |
| FY2021 | 88.8% | (4.42) |
| FY2020 | 93.2% | 9.40 |
| FY2019 | 83.8% | 1.89 |
| FY2018 | 81.9% | 21.19 |
| FY2017 | 60.7% | (11.87) |
| FY2016 | 72.6% | 2.77 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 89.8% | (0.60) |
| Jun 2026 | 90.4% | (0.43) |
| Mar 2026 | 90.8% | (2.22) |
| Dec 2025 | 93.1% | (1.57) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| VNOM Viper Energy Inc. compare | 100.0% |
| DTM DT Midstream, Inc. compare | 100.0% |
| WES Western Midstream Partners, LP | 91.0% |
| FRO Frontline PLC compare | 66.7% |
| VG Venture Global, Inc. compare | 53.5% |
| CQP Cheniere Energy Partners, L.P. compare | 41.1% |
| PBA Pembina Pipeline Corp. compare | 41.0% |
| PAA Plains All American Pipeline, L.P. compare | 5.55% |
| PAGP Plains Group Holdings, L.P. compare | 5.55% |
| Oil & Gas Midstream industry median | 54.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on WES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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