Pembina Pipeline Corp. (PBA) vs Western Midstream Partners, LP (WES)
Pembina Pipeline Corp. and Western Midstream Partners, LP are both Oil & Gas Midstream companies. Pembina Pipeline Corp. is the larger, with a market value of $26.4B against $18.7B — 1.4× the size. Western Midstream Partners, LP trades at the lower P/E: 14.3× against 21.8×. Western Midstream Partners, LP grew revenue faster over the last twelve months: 18.0% against 2.50%. Western Midstream Partners, LP has the higher net margin (29.0% vs 20.1%) and the higher return on invested capital (8.16% vs 6.10%). Both pay a dividend; Western Midstream Partners, LP yields more (8.96% vs 5.87%). Across the 23 metrics below, Western Midstream Partners, LP leads on 18 and Pembina Pipeline Corp. on 5.
Valuation
Profitability
| Metric | PBA | WES | Oil & Gas Midstream median |
|---|---|---|---|
| Gross margin | 40.97% | 92.08% | 58.81% |
| Operating margin | 35.83% | 40.23% | 32.14% |
| Net margin | 20.12% | 29.00% | 21.16% |
| Free cash flow margin | 26.77% | 27.30% | 10.15% |
| Return on equity | 10.84% | 32.48% | 11.30% |
| Return on assets | 4.60% | 8.82% | 5.00% |
| Return on invested capital | 6.10% | 8.16% | 6.13% |
Growth
Health
Dividend
Size
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