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

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Western Midstream Partners, LP (WES) Price to free cash flow

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As of 5 November 2026, Western Midstream Partners, LP (WES) trades at a price to free cash flow of 14.1×. Over the past ten years it has ranged from 0.0× (September 2019) to 606× (July 2015); the current reading is higher than 69% of that period. That is above the Oil & Gas Midstream industry median of 8.5× and above the Energy sector median of 8.9×.

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

Period	Price to free cash flow	Change
FY2025	10.3×	46.93%
FY2024	7.0×	(42.93%)
FY2023	12.3×	78.08%
FY2022	6.9×	11.32%
FY2021	6.2×	27.55%
FY2020	4.9×	(91.95%)
FY2019	60.6×	—
FY2018	0.0×	—
FY2017	225×	1,021.71%
FY2016	20.1×	(26.26%)

Period	Price to free cash flow	Change
Sep 2026	15.6×	5.99%
Jun 2026	14.7×	18.57%
Mar 2026	12.4×	20.13%
Dec 2025	10.3×	3.07%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 606×

Ten-year median 8.1×

Current reading's percentile 69

Company	Price to free cash flow
VG Venture Global, Inc. compare	n/m
PAGP Plains Group Holdings, L.P. compare	2.1×
FRO Frontline PLC compare	5.9×
PAA Plains All American Pipeline, L.P. compare	7.1×
CQP Cheniere Energy Partners, L.P. compare	9.7×
WES Western Midstream Partners, LP	14.1×
PBA Pembina Pipeline Corp. compare	17.5×
DTM DT Midstream, Inc. compare	21.7×
VNOM Viper Energy Inc. compare	74.5×
Oil & Gas Midstream industry median	8.5×
Energy sector median	8.9×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Western Midstream Partners, LP (WES) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on WES

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