WES

Western Midstream Partners LP

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Advanced Chart

40.330

+0.55(1.383%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

40.680

Open

39.980

VWAP

40.37

Vol

1.17M

Mkt Cap

15.38B

Low

39.9079

Amount

47.35M

EV/EBITDA(TTM)

9.98

Total Shares

380.49M

22.14B

EV/OCF(TTM)

9.76

P/S(TTM)

4.19

Western Midstream Partners, LP acquires, owns, develops and operates midstream assets. The Company is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. The Company’s midstream assets are located in Texas, New Mexico, Colorado, Utah and Wyoming. In addition, in its capacity as a processor of natural gas, the Company also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain contracts. The Company’s subsidiaries include Western Midstream Operating GP, LLC, Western Midstream Services, LLC, Western Midstream Services Holdings, LLC, and Western Midstream Operating, LP.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

980.33M

+5.58%

960.01M

+8.68%

944.62M

+4.31%

Estimates Revision

The market is revising Downward the revenue expectations for Western Midstream Partners, LP (WES) for FY2025, with the revenue forecasts being adjusted by -0.08% over the past three months. During the same period, the stock price has changed by 12.18%.

Revenue Estimates for FY2025

Revise Downward

-0.08%

In Past 3 Month

Stock Price

Go Up

+12.18%

In Past 3 Month

6 Analyst Rating

0.84% Upside

Wall Street analysts forecast WES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WES is 40.67 USD with a low forecast of 38.00 USD and a high forecast of 44.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

4 Hold

1 Sell

Hold

0.84% Upside

Current: 40.330

Low

38.00

Averages

40.67

High

44.00

0.84% Upside

Current: 40.330

Low

38.00

Averages

40.67

High

44.00

RBC Capital

Elvira Scotto

Sector Perform

downgrade

$39 -> $38

2025-05-29

Reason

RBC Capital

Elvira Scotto

Price Target

$39 -> $38

2025-05-29

downgrade

Sector Perform

Reason

RBC Capital analyst Elvira Scotto lowered the firm's price target on Western Midstream to $38 from $39 and keeps a Sector Perform rating on the shares. The company's Q1 results were generally in line with expectations, but while Western Midstream has not seen significant changes in well counts or production outlooks from its customer base, given the uncertainty around crude oil prices, the firm is adjusting its estimates, the analyst tells investors in a research note.

Mizuho

Outperform

downgrade

$45 -> $44

2025-05-20

Reason

Mizuho

Price Target

$45 -> $44

2025-05-20

downgrade

Outperform

Reason

Mizuho lowered the firm's price target on Western Midstream to $44 from $45 and keeps an Outperform rating on the shares. The firm updated midstream estimates post the Q1 reports. Midstream's Q1 reporting cycle seemed to confirm that the near-term outlook across the group is mostly unchanged, but investors will focus on posturing around growth in fiscal 2026 and beyond, the analyst tells investors in a research note.

RBC Capital

Elvira Scotto

Hold

Reiterates

$41

2024-12-09

Reason

RBC Capital

Elvira Scotto

Price Target

$41

2024-12-09

Reiterates

Hold

Reason

UBS

Shneur Gershuni

Hold

Maintains

$40 → $37

2024-11-15

Reason

UBS

Shneur Gershuni

Price Target

$40 → $37

2024-11-15

Maintains

Hold

Reason

Morgan Stanley

Robert Kad

Hold

Sell

Downgrades

$42 → $40

2024-10-25

Reason

Morgan Stanley

Robert Kad

Price Target

$42 → $40

2024-10-25

Downgrades

Hold

Sell

Reason

RBC Capital

Elvira Scotto

Hold

Maintains

$38 → $41

2024-10-16

Reason

RBC Capital

Elvira Scotto

Price Target

$38 → $41

2024-10-16

Maintains

Hold

Reason

RBC Capital analyst Elvira Scotto raised the firm's price target on Western Midstream to $41 from $38 but keeps a Sector Perform rating on the shares as part of a broader research note previewing Q3 results for U.S. Midstream names. The firm is updating its models to reflect shifts in commodity prices, hurricane impact, and dry gas production weakness, adding that it expects most companies to maintain 2024 outlooks, the analyst tells investors in a research note. For the company, RBC notes that while the growth in the Permian, Powder River and Uinta are positive for the stock, near-term cost and recovery concerns as well as the potential for another offering of its units by Occidental Petroleum (OXY) likely cap the upside for a while.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Western Midstream Partners LP (WES.N) is 12.04, compared to its 5-year average forward P/E of 8.90. For a more detailed relative valuation and DCF analysis to assess Western Midstream Partners LP 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Overvalued

5Y Average PE

8.90

Current PE

12.04

Overvalued PE

10.75

Undervalued PE

7.04

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

8.15

Current EV/EBITDA

9.09

Overvalued EV/EBITDA

8.83

Undervalued EV/EBITDA

7.47

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

3.15

Current PS

3.90

Overvalued PS

3.77

Undervalued PS

2.54