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
Follow WES
Alert me
Western Midstream Partners, LP (WES) Operating margin
Western Midstream Partners, LP's operating margin over the twelve months to 30 September 2026 was 38.5%, down 3.1 percentage points from fiscal 2025 (41.7%). Over the past ten years it has ranged from 8.80% (fiscal 2015) to 54.7% (fiscal 2024); the current reading is higher than 55% of that period. That is above the Oil & Gas Midstream industry median of 34.7% and above the Energy sector median of 15.2%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 41.7% | (12.99) |
| FY2024 | 54.7% | 10.25 |
| FY2023 | 44.4% | (4.42) |
| FY2022 | 48.8% | 2.39 |
| FY2021 | 46.4% | 14.74 |
| FY2020 | 31.7% | (13.14) |
| FY2019 | 44.8% | 7.39 |
| FY2018 | 37.5% | 4.45 |
| FY2017 | 33.0% | (6.05) |
| FY2016 | 39.1% | 30.25 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 38.7% | (4.36) |
| Jun 2026 | 43.0% | 1.25 |
| Mar 2026 | 41.8% | 12.14 |
| Dec 2025 | 29.6% | (16.74) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| FRO Frontline PLC compare | 54.1% |
| DTM DT Midstream, Inc. compare | 49.4% |
| WES Western Midstream Partners, LP | 38.5% |
| VG Venture Global, Inc. compare | 37.6% |
| VNOM Viper Energy Inc. compare | 36.2% |
| PBA Pembina Pipeline Corp. compare | 35.8% |
| CQP Cheniere Energy Partners, L.P. compare | 34.2% |
| PAA Plains All American Pipeline, L.P. compare | 3.14% |
| PAGP Plains Group Holdings, L.P. compare | 3.13% |
| Oil & Gas Midstream industry median | 34.7% |
| Energy sector median | 15.2% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on WES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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