WES

Western Midstream Partners, LP
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Company Information

Company Name
Western Midstream Partners, LP
CIK
CIK0001423902
Category
Large accelerated filer
Ticker: Exchange
WES: NYSE
Fiscal Year End
December 31
Owner Organization
01 Energy & Transportation
SIC
4922
SIC Description
Natural Gas Transmission
Ticker
WES

SEC filing data through

Insider Sentiment

Last purchase
2026-08-12
Last sale
2026-02-12
Shares purchased (TTM)
6,390
Shares sold (TTM)
5,879
Buy ratio (TTM)52.1%

Institutional Sentiment

As of
—
Institutional shares owned
—
Shares outstanding
—
Ownership
—

Earnings Market Reaction

Filing date
2026-05-06
Price on filing date
—
1-month reaction
3.93%
3-month reaction
15.08%
Drift continued9/12 (75%)
Faded / reversed3/12 (25%)

Balance Sheet

Values in millions ($)
Line item2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-30Subscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnTrend
Assets Current
Cash And Cash Equivalents At Carrying Value6478191771304481,0901,125344295273489214
Accounts And Other Receivables Net Current823773683705673702672684720667615554
Other Assets Current696457716855364051533129
Assets Current1,5391,6579179051,1901,8471,8331,0681,0669921,136797
Property Plant And Equipment Net
Property Plant And Equipment Gross17,86517,64815,98615,84715,67815,51015,34215,14815,15814,94513,80913,741
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment6,5716,4276,2606,1075,9505,7955,6475,5035,4325,2905,1455,140
Property Plant And Equipment Net11,29511,2219,7269,7409,7279,7159,6969,6449,7259,6558,6648,601
Goodwill3483535555555555
Intangible Assets Net Excluding Goodwill902914626634642650658666673681689697
Equity Method Investments496505511524528541535541546905915920
Other Assets Noncurrent345349341352366387255257249233217199
Liabilities Current
Accounts Payable Trade Current414319297357357313387365377362393359
Long Term Debt And Capital Lease Obligations Current44644913133511,0111,008910861823
Accrual For Taxes Other Than Income Taxes Current506051354638473549615036
Accrued Liabilities Current498408279289257329204226174263190224
Liabilities Current1,4071,2366406951,0111,6921,6466347081,304636622
Liabilities Noncurrent
Long Term Debt And Capital Lease Obligations8,1948,1956,9246,9246,9256,9276,9297,1387,2727,2847,2606,824
Deferred Income Tax Liabilities Net11211132323130301616151515
Asset Retirement Obligations Noncurrent443428390385379370375372367359308302
Other Liabilities Noncurrent1,261865810790777751624597527480452434
Liabilities Noncurrent10,0109,5998,1568,1318,1128,0787,9588,1228,1818,1388,0367,575
Partners Capital Including Portion Attributable To Noncontrolling Interest
Limited Partners Capital Account3,3624,0173,1733,1793,1833,2253,2263,2713,2262,8942,8222,889
General Partners Capital Account459101011111211320
Partners Capital3,3664,0213,1823,1893,1933,2363,2373,2833,2372,8972,8242,889
Partners Capital Attributable To Noncontrolling Interest141142146144140140141141139132131133
Partners Capital Including Portion Attributable To Noncontrolling Interest3,5074,1633,3293,3333,3343,3753,3783,4243,3763,0292,9553,022
Liabilities And Stockholders Equity14,92514,99812,12512,16012,45713,14512,98112,18112,26512,47211,62711,219
Limited Partners Capital Account Units Issued394408381381381381381380380380380385
Limited Partners Capital Account Units Outstanding394408381381381381381380380380380385
General Partners Capital Account Units Issued999999999999
General Partners Capital Account Units Outstanding999999999999
Assets14,92514,99812,12512,16012,45713,14512,98112,18112,26512,47211,62711,219
Liabilities11,41810,8358,7978,8269,1239,7709,6048,7568,8899,4428,6718,197

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Western Midstream Partners, LP (WES) — SEC Financial Statements & Analysis

Western Midstream Partners, LP (WES) is a natural gas transmission company, incorporated in DE. Western Midstream Partners, LP trades on NYSE as: WES. Western Midstream Partners, LP (WES)'s most recent SEC filing is a Form 10-Q for the period ended 2026-03-31, filed with the SEC on 2026-05-06. Based on that filing, On profitability, Western Midstream Partners, LP posts a gross margin of 93.37%, an operating margin of 41.01%, a net margin of 30.18%, a Return on Equity (ROE) of 37.27%, a Return on Assets (ROA) of 8.93%, and a Return on Invested Capital (ROIC) of 15.24%. Over the trailing year, it posted revenue growth of 11.43% year-over-year and net income growth of -9.29% year-over-year. On the balance sheet, it maintains a current ratio of 1.09x, a quick ratio of 1.09x, working capital of $132.25M, a debt-to-equity ratio of 3.39x, a debt ratio of 0.77, an interest coverage ratio of 4.08x, free cash flow of $2.50B (TTM), and net debt of $7.99B. Figures sourced from SEC EDGAR.

ROE TTM
37.27%
ROA TTM
8.93%
Debt To Equity
3.39x
Free Cash Flow TTM
$2.50B
Net Revenue TTM Growth 1Y
11.43%

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Western Midstream Partners, LP in?

Western Midstream Partners, LP (WES) operates in the Natural Gas Transmission industry.

What exchange does WES trade on?

Western Midstream Partners, LP (WES) trades on the NYSE.

Where is Western Midstream Partners, LP incorporated?

Western Midstream Partners, LP is incorporated in DE.

When was Western Midstream Partners, LP (WES)'s most recent SEC filing?

Western Midstream Partners, LP (WES)'s most recent SEC filing is a Form 10-Q for the period ended 2026-03-31, filed with the SEC on 2026-05-06.

What is WES's ROE (return on equity)?

Western Midstream Partners, LP (WES)'s trailing twelve month Return on Equity (ROE) is 37.27% as of 2026-03-31.

What is WES's ROA (return on assets)?

Western Midstream Partners, LP (WES)'s trailing twelve month Return on Assets (ROA) is 8.93% as of 2026-03-31.

What is WES's ROIC (return on invested capital)?

Western Midstream Partners, LP (WES)'s trailing twelve month Return on Invested Capital (ROIC) is 15.24% as of 2026-03-31.

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