Friday 6 November 2026 Export WES’s income statement to Excel — free account

Western Midstream Partners, LP

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

39.99 2.55 −5.99%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Western Midstream Partners, LP (WES) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Western Midstream Partners, LP (WES) trades at a P/B ratio of 3.8×. Over the past ten years it has ranged from 0.4× (March 2020) to 5.4× (May 2026); the current reading is higher than 77% of that period. That is above the Oil & Gas Midstream industry median of 1.7× and above the Energy sector median of 1.4×.

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<iframe src="https://stockrow.com/embed/WES/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Western Midstream Partners, LP P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/WES/metrics/pb-ratio">Western Midstream Partners, LP (WES) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	3.7×	(15.43%)
FY2024	4.3×	19.02%
FY2023	3.6×	11.18%
FY2022	3.3×	10.63%
FY2021	3.0×	42.31%
FY2020	2.1×	(15.05%)
FY2019	2.4×	97.22%
FY2018	1.2×	(42.75%)
FY2017	2.2×	(7.41%)
FY2016	2.3×	15.52%

Period	P/B ratio	Change
Sep 2026	4.2×	6.55%
Jun 2026	4.0×	(15.55%)
Mar 2026	4.7×	27.90%
Dec 2025	3.7×	(18.62%)
43 more quarters	Free account

Against its own ten years

Low 0.4× High 5.4×

Ten-year median 3.0×

Current reading's percentile 75

Company	P/B ratio
PAGP Plains Group Holdings, L.P. compare	0.3×
VNOM Viper Energy Inc. compare	0.7×
PAA Plains All American Pipeline, L.P. compare	1.4×
DTM DT Midstream, Inc. compare	2.3×
VG Venture Global, Inc. compare	2.4×
PBA Pembina Pipeline Corp. compare	2.5×
FRO Frontline PLC compare	3.2×
WES Western Midstream Partners, LP	3.8×
CQP Cheniere Energy Partners, L.P. compare	31.7×
Oil & Gas Midstream industry median	1.7×
Energy sector median	1.4×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Western Midstream Partners, LP (WES) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on WES

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on WES

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