Western Midstream Partners, LP WES | NYSE
$44.62
$0.48 | 1.09%
TREND SIGNAL:
|2026-09-16
|2026-09-16
Company Overview:
Market Cap:
$18.44B
Trailing PE:
14x
FWD PE *:
11.4x
Payout Ratio (TTM):
112.9%
52-Week Range:
$36.90 - $50.07
* Forward PE is based on street estimates.
10 Year WES Performance Metrics:
Total Return (with DRIP):
130.8% (8.72% CAGR)
Total Return (no DRIP):
57.1% (4.62% CAGR)
Share Price:
3.1% (0.31% CAGR)
Yield on Cost (with DRIP):
19.24%
Total Invested:
$10,000
Total Value (with DRIP):
$23,079
Total Return $ (with DRIP):
$13,079
Dividend Increase:
101.1% (7.42% CAGR)
Dividend Yield (FWD):
8.34% ($3.72)
WES 10-yr Total Return ($10K invested)
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
WES Share Price
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
All
WES Price CAGR:1Y: 18.58%2Y: 6.47%5Y: 13.80%10Y: 0.31%
WES Dividend Charts
WES Dividend CAGR:1Y: 2.20%2Y: 3.09%5Y: 23.86%10Y: 8.18%
WES Dividend Payout Ratio CAGR:1Y: -10.71%2Y: 1.55%5Y: 10.06%10Y: -1.17%
WES Dividend to FCF Ratio CAGR:1Y: 54.92%2Y: 32.89%5Y: 31.85%10Y: -5.55%
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WES Financials: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:
WES Revenue CAGR:1Y: 29.97%2Y: 16.29%5Y: 11.24%10Y: 11.07%
WES EPS CAGR:1Y: 13.79%2Y: 1.03%5Y: 12.47%10Y: 9.22%
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WES Net Income CAGR:1Y: 21.53%2Y: 4.72%5Y: 12.42%10Y: 16.67%
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WES EBITDA CAGR:1Y: 19.71%2Y: 16.12%5Y: 8.96%10Y: 11.60%
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WES Free Cash Flow CAGR:1Y: -31.93%2Y: -21.11%5Y: -6.70%10Y: 21.73%
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WES Free Cash Flow / Share CAGR:1Y: 212.43%2Y: 68.82%5Y: 28.58%10Y: 34.12%
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WES Operating Income CAGR:1Y: 14.81%2Y: 15.20%5Y: 8.79%10Y: 11.27%
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WES Gross Profit CAGR:1Y: 23.89%2Y: 39.24%5Y: 12.36%10Y: 13.39%
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WES Shares Outstanding CAGR:1Y: 4.46%2Y: 2.22%5Y: -0.70%10Y: 6.20%
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WES Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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WES Stock-Based Comp CAGR:1Y: 0.00%2Y: 14.01%5Y: 13.66%10Y: 27.11%
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WES Expenses CAGR:1Y: 51.35%2Y: 12.96%5Y: 28.17%10Y: 8.56%
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WES Revenue CAGR:1Y: 29.97%2Y: 16.29%5Y: 11.24%10Y: 11.07%
Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:
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WES Actual Revenue CAGR:1Y: 29.97%2Y: 16.29%5Y: 11.24%10Y: 11.07%
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WES Actual EPS CAGR:1Y: 13.79%2Y: 1.03%5Y: 12.47%10Y: 9.22%
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WES Actual Net Income CAGR:1Y: 21.53%2Y: 4.72%5Y: 12.42%10Y: 16.67%
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WES Actual EBITDA CAGR:1Y: 19.71%2Y: 16.12%5Y: 8.96%10Y: 11.60%
Ratios, Profit Margins & Return on Capital:
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WES Net Profit Margin CAGR:1Y: -9.13%2Y: -11.23%5Y: 0.49%10Y: 4.74%
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WES Gross Profit Margin CAGR:1Y: -13.08%2Y: 14.34%5Y: -0.83%10Y: 1.15%
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WES Price to Earnings CAGR:1Y: 0.51%2Y: 4.11%5Y: 2.93%10Y: -7.29%
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WES Price To Sales Ratio CAGR:1Y: -9.18%2Y: -8.67%5Y: 2.94%10Y: -3.12%
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WES Return on Capital Employed CAGR:1Y: -9.84%2Y: 2.45%5Y: 1.84%10Y: 3.77%
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WES Return on Invested Capital CAGR:1Y: -11.23%2Y: 1.18%5Y: 1.35%10Y: 3.25%
WES Dividends Info:
Annual Dividend:
$3.72
Forward Yield:
8.34%
Ex-Dividend Date:
2026-07-31
Lifetime Dividends / Share:
$27.71
WES Dividend History: Dates, Payments & Yield list
Below is a schedule of all WES dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield
| Ex-Date | Payment Date | Amount | Yield | Forward Yield | Price on Ex-Date |
|---|---|---|---|---|---|
| 07/31/2026 | 08/14/2026 | $0.930 | 7.99% | 7.6% | $48.92 |
| 05/01/2026 | 05/15/2026 | $0.930 | 8.82% | 8.08% | $46.03 |
| 02/02/2026 | 02/13/2026 | $0.910 | 9.07% | 8.38% | $43.43 |
| 10/31/2025 | 11/14/2025 | $0.910 | 9.71% | 9.41% | $38.69 |
| 08/01/2025 | 08/14/2025 | $0.910 | 9.24% | 9.42% | $38.64 |
| 05/02/2025 | 05/15/2025 | $0.910 | 10.02% | 9.2% | $39.55 |
| 02/03/2025 | 02/14/2025 | $0.875 | 8.62% | 8.62% | $40.58 |
| 11/01/2024 | 11/14/2024 | $0.875 | 9.54% | 9.26% | $37.78 |
| 08/01/2024 | 08/14/2024 | $0.875 | 8.85% | 9.27% | $37.76 |
| 04/30/2024 | 05/15/2024 | $0.875 | 10.26% | 9.22% | $37.97 |
| 01/31/2024 | 02/13/2024 | $0.575 | 8.01% | 8.25% | $27.89 |
| 10/31/2023 | 11/13/2023 | $0.575 | 8.57% | 8.36% | $27.50 |
| 07/28/2023 | 08/14/2023 | $0.563 | 8.01% | 8.17% | $27.54 |
| 04/28/2023 | 05/15/2023 | $0.856 | 12.94% | 13.14% | $26.05 |
| 01/31/2023 | 02/13/2023 | $0.500 | 7.4% | 7.07% | $28.28 |
| 10/28/2022 | 11/14/2022 | $0.500 | 7.04% | 7.14% | $28.01 |
| 07/29/2022 | 08/12/2022 | $0.500 | 7.47% | 7.1% | $28.17 |
| 04/29/2022 | 05/13/2022 | $0.500 | 8.27% | 7.71% | $25.93 |
| 01/28/2022 | 02/14/2022 | $0.327 | 5.58% | 4.9% | $26.70 |
| 10/29/2021 | 11/12/2021 | $0.323 | 6.08% | 5.8% | $22.29 |
| 07/29/2021 | 08/13/2021 | $0.319 | 6.22% | 6.48% | $19.68 |
| 04/29/2021 | 05/14/2021 | $0.315 | 6.2% | 5.77% | $21.85 |
| 01/29/2021 | 02/12/2021 | $0.311 | 8.45% | 7.53% | $16.52 |
| 10/29/2020 | 11/13/2020 | $0.311 | 15.08% | 11.01% | $11.30 |
| 07/30/2020 | 08/13/2020 | $0.311 | 13.43% | 12.59% | $9.88 |
| 04/30/2020 | 05/14/2020 | $0.311 | 14.33% | 17.7% | $7.03 |
| 01/30/2020 | 02/13/2020 | $0.622 | 14.67% | 15.68% | $15.87 |
| 10/31/2019 | 11/13/2019 | $0.620 | 11.67% | 12.88% | $19.25 |
| 07/30/2019 | 08/13/2019 | $0.618 | 8.1% | 10.25% | $24.11 |
| 04/30/2019 | 05/14/2019 | $0.610 | 7.73% | 8.1% | $30.11 |
| 01/31/2019 | 02/21/2019 | $0.603 | 7.63% | 7.3% | $33.00 |
| 10/30/2018 | 11/13/2018 | $0.595 | 8.24% | 8.18% | $29.08 |
| 07/31/2018 | 08/13/2018 | $0.583 | 6.34% | 6.51% | $35.78 |
| 05/01/2018 | 05/14/2018 | $0.569 | 6.75% | 6.3% | $36.13 |
| 11/01/2017 | 11/22/2017 | $0.538 | 5.53% | 5.94% | $36.22 |
| 07/27/2017 | 08/11/2017 | $0.528 | 5.14% | 5.28% | $39.95 |
| 04/27/2017 | 05/12/2017 | $0.491 | 4.43% | 4.37% | $44.97 |
| 01/31/2017 | 02/13/2017 | $0.463 | 4.12% | 3.92% | $47.23 |
| 10/27/2016 | 11/10/2016 | $0.448 | 4.08% | 4.18% | $42.87 |
| 07/28/2016 | 08/12/2016 | $0.434 | 4.66% | 4.76% | $36.45 |
| 04/28/2016 | 05/13/2016 | $0.424 | 4.07% | 4.22% | $40.20 |
| 01/28/2016 | 02/11/2016 | $0.404 | 5.89% | 8.13% | $19.86 |
| 10/29/2015 | 11/12/2015 | $0.381 | 3.67% | 4.02% | $37.97 |
| 07/29/2015 | 08/12/2015 | $0.364 | 2.52% | 2.7% | $53.96 |
| 04/28/2015 | 05/13/2015 | $0.343 | 2.14% | 2.2% | $62.21 |
| 01/29/2015 | 02/12/2015 | $0.313 | 2.18% | 2.04% | $61.20 |
| 10/29/2014 | 11/13/2014 | $0.291 | 1.87% | 1.89% | $61.58 |
| 07/29/2014 | 08/13/2014 | $0.271 | 1.86% | 1.89% | $57.42 |
| 04/28/2014 | 05/14/2014 | $0.250 | 2.09% | 1.96% | $51.10 |
| 01/29/2014 | 02/12/2014 | $0.231 | 2.26% | 2.24% | $41.30 |
| 10/29/2013 | 11/12/2013 | $0.214 | 2.22% | 2.15% | $39.69 |
| 07/29/2013 | 08/12/2013 | $0.198 | 1.98% | 1.93% | $40.96 |
| 04/26/2013 | 05/13/2013 | $0.179 | 2.07% | 1.79% | $40.02 |
| 01/30/2013 | 02/12/2013 | $0.036 | 0.43% | 0.42% | $34.51 |
Projected Future Returns & Dividends for WES
Based on past 10-year performance, here are WES growth metrics:
Share price CAGR of +0.31%
Dividend CAGR of +7.93%
Using WES CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:
| WES (DRIP) | WES - No DRIP | |
|---|---|---|
| Current Price | $44.62 | $44.62 |
| Start Shares | 224.11 | 224.11 |
| Start Value | $10,000 | $10,000 |
| After 10 years: | ||
| Final Share Count | 719.90 | 224.11 |
| Dividends Payment | $1.99 | $1.99 |
| Annual Dividends | $5,742 | $1,788 |
| Yield on cost | 57.42% | 17.88% |
| Share Price | $46.00 | $46.00 |
| Total Dividends | $22,531 | $12,035 |
| Final Value | $33,116 | $22,345 |
Estimated Future Value + Dividends - WES
NOTE: Above numbers are our estimate based on WES's Dividend and Price CAGR over past 10 years.
These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.
We cannot guarantee that your actual returns will meet these estimates.
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Company Info
Western Midstream Partners, LP (WES) had its IPO on 2012-12-10, and is traded on NYSE stock exchange.
Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil, alongside the collection and disposal of water generated during production. Additionally, it engages in the buying and selling of natural gas, NGLs, and condensate. Western Midstream maintains operations in significant regions such as Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania. Western Midstream Holdings, LLC functions as its general partner. Formed in 2007, the company is headquartered in The Woodlands, Texas, and rebranded from Western Gas Equity Partners, LP to its current name in February 2019.
WES website: https://www.westernmidstream.com
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DCF Model — WES
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vs current price $44.62
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Cash flow & implied price by year
FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.
EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.
Free cash flow today
—
grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
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÷ shares
Implied price path
| Year | FCF | Implied price |
|---|
Sensitivity — fair value: growth ↓ × target return →
