Western Midstream Partners, LP
WESEnergyNASDAQOil & Gas Midstream · Last scanned May 30, 2026
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Daily timeframePart of the energy sector, Western Midstream Partners, LP (WES) is listed under Oil & Gas Midstream. With a market capitalization of $16.88B, it sits in large-cap territory. The company is involved in 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.
Market Cap
$16.88B
Beta
0.67
P/E (TTM)
14.10
P/E (Fwd)
11.49
EPS (TTM)
$3.04
EPS (Fwd)
$3.73
ROE
36.7%
ROA
7.3%
Cash
$647.5M
Total Debt
$8.71B
Free CF
$887.2M
52W Change
13.7%
Annual Financials
Cash vs Debt
On the balance sheet, WES has $647.5M in cash with $8.71B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $887.2M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 36.7%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 7.3% suggests reasonable efficiency in deploying the company's asset base. Revenue has been uneven over recent years, ranging from $3.25B to $3.84B.
With a beta below 0.7, Western Midstream Partners, LP typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. No single metric tells the full story. Reviewing WES's risk profile alongside its fundamentals and technical indicators provides a more complete picture.