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

39.99 2.55 −5.99%
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

Western Midstream Partners, LP (WES) Return on invested capital

Alert me on Return on invested capital

Western Midstream Partners, LP's return on invested capital over the twelve months to 30 September 2026 was 8.19%, down 0.2 percentage points from fiscal 2025 (8.35%). Over the past ten years it has ranged from 1.44% (fiscal 2015) to 12.1% (fiscal 2024); the current reading is higher than 73% of that period. That is above the Oil & Gas Midstream industry median of 6.10% and above the Energy sector median of 5.43%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 8.35% (3.70)
FY2024 12.1% 3.96
FY2023 8.09% (2.24)
FY2022 10.3% 1.81
FY2021 8.52% 3.19
FY2020 5.33% (1.54)
FY2019 6.87% 1.51
FY2018 5.36% (1.45)
FY2017 6.81% 0.44
FY2016 6.37% 4.93

Against its own ten years

Low 1.44% High 12.1%
Ten-year median 6.87%
Current reading's percentile 73

Return on invested capital against peers

Company Return on invested capital
FRO Frontline PLC compare 19.4%
CQP Cheniere Energy Partners, L.P. compare 17.0%
WES Western Midstream Partners, LP 8.19%
VG Venture Global, Inc. compare 7.86%
PBA Pembina Pipeline Corp. compare 6.10%
DTM DT Midstream, Inc. compare 5.14%
PAA Plains All American Pipeline, L.P. compare 4.74%
PAGP Plains Group Holdings, L.P. compare 4.51%
VNOM Viper Energy Inc. compare 4.01%
Oil & Gas Midstream industry median 6.10%
Energy sector median 5.43%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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