Western Midstream Partners, LP
WESEnergyNASDAQOil & Gas Midstream · Last scanned Jul 18, 2026
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Daily timeframeWestern Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The $18.99B market capitalization puts WES squarely in large-cap range for its industry. 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
$18.99B
Beta
0.65
P/E (TTM)
15.17
P/E (Fwd)
12.36
EPS (TTM)
$3.03
EPS (Fwd)
$3.72
ROE
36.7%
ROA
7.3%
Cash
$647.5M
Total Debt
$8.71B
Free CF
$887.2M
52W Change
13.6%
Annual Financials
Cash vs Debt
Western Midstream Partners, LP carries $8.71B in total debt against $647.5M in cash reserves — debt is roughly 13.4x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $887.2M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 36.7% points to exceptionally high capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. 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.
WES's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing WES.