WES

Western Midstream Partners LP

Feb 20 • 02:17PM ET

41.15

-0.34 -0.82 %

Energy • Oil & Gas Midstream • USA • NYSE

Feb 19, 12:34 PMWestern Midstream posts Q4 2025 results—non-GAAP EPS $0.47 (-45% YoY, miss) on $1.0B revenue (+11% YoY, beat)—and reports record 2025 EBITDA/FCF while maintaining a $3.64 annualized distribution; 2026 outlook moderates with ~5% Adjusted EBITDA growth to a ~$2.6B midpoint and capex cut to roughly $925M.

Peers: EPD KMI ENB ET OKE WMB PAA TRP AM NGL

| Held by: AMZA FCG ENFR TPYP DIV USAI NBET ABLD CVY TOLZ

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Index	-	P/E	13.75	EPS (ttm)	2.99	Insider Own	37.50%	Shs Outstand	408.14M	Perf Week	-2.83%
Market Cap	16.20B	Forward P/E	10.56	EPS next Y	3.90	Insider Trans	-0.00%	Shs Float	255.01M	Perf Month	1.55%
Enterprise Value	24.34B	PEG	0.80	EPS next Q	0.83	Inst Own	39.10%	Short Float	2.26%	Perf Quarter	5.43%
Income	1.15B	P/S	4.21	EPS this Y	20.26%	Inst Trans	1.46%	Short Ratio	4.42	Perf Half Y	8.15%
Sales	3.84B	P/B	4.18	EPS next Y	8.70%	ROA	8.20%	Short Interest	5.77M	Perf YTD	4.18%
Book/sh	9.85	P/C	19.77	EPS next 5Y	13.21%	ROE	31.82%	52W High	44.74 -8.02%	Perf Year	-1.15%
Cash/sh	2.08	P/FCF	10.62	EPS past 3/5Y	-0.29% 20.24%	ROIC	9.37%	52W Low	33.60 22.47%	Perf 3Y	49.71%
Dividend Est.	3.76 (9.13%)	EV/EBITDA	10.81	Sales past 3/5Y	5.73% 8.56%	Gross Margin	52.29%	Volatility	3.72% 2.45%	Perf 5Y	164.06%
Dividend TTM	3.64 (8.85%)	EV/Sales	6.33	EPS Y/Y TTM	-25.64%	Oper. Margin	40.11%	ATR (14)	1.23	Perf 10Y	100.75%
Dividend Ex-Date	Feb 02, 2026	Quick Ratio	1.33	Sales Y/Y TTM	6.61%	Profit Margin	30.04%	RSI (14)	47.31	Recom	3.00
Dividend Gr. 3/5Y	25.30% 18.36%	Current Ratio	1.34	EPS Q/Q	-45.35%	SMA20	-1.09%	Beta	0.73	Target Price	41.66
Payout	121.12%	Debt/Eq	2.19	Sales Q/Q	11.09%	SMA50	1.29%	Rel Volume	1.24	Prev Close	41.49
Employees	1704	LT Debt/Eq	2.07	Earnings	Feb 18 AMC	SMA200	5.04%	Avg Volume	1.30M	Price	41.15
IPO	Dec 07, 2012	Option/Short	Yes / Yes	EPS/Sales Surpr.	-44.37% 0.16%	Trades		Volume	1,210,067	Change	-0.82%

Date	Action	Analyst	Rating Change	Price Target Change
Oct-20-25	Resumed	Citigroup	Neutral	$39
Oct-25-24	Downgrade	Morgan Stanley	Equal-Weight → Underweight	$42 → $40
Oct-17-24	Resumed	BofA Securities	Underperform	$37
Sep-16-24	Downgrade	Morgan Stanley	Overweight → Equal-Weight	$42
Jul-10-24	Downgrade	Stifel	Buy → Hold	$39
Apr-18-24	Upgrade	Wolfe Research	Underperform → Peer Perform
Mar-19-24	Downgrade	Raymond James	Outperform → Mkt Perform
Feb-29-24	Downgrade	Citigroup	Buy → Neutral	$30 → $34
Dec-13-23	Downgrade	BofA Securities	Buy → Underperform	$30 → $27
Aug-11-23	Downgrade	Wells Fargo	Overweight → Equal Weight	$31 → $30
Aug-09-23	Downgrade	JP Morgan	Overweight → Neutral	$31 → $29
Jul-12-23	Downgrade	Wolfe Research	Peer Perform → Underperform	$25
Jun-26-23	Initiated	UBS	Neutral	$27
Apr-21-23	Initiated	Raymond James	Outperform	$34
Dec-09-22	Initiated	Citigroup	Buy	$33
Aug-01-22	Initiated	Wolfe Research	Peer Perform
Sep-28-21	Resumed	BofA Securities	Buy	$25
Jul-20-21	Upgrade	Morgan Stanley	Equal-Weight → Overweight	$24
Jul-20-21	Upgrade	BofA Securities	Neutral → Buy	$22 → $25
May-26-21	Upgrade	Morgan Stanley	Underweight → Equal-Weight	$20 → $22

Show Previous Ratings

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Western Midstream Partners LP engages in the ownership, operation, acquisition, and development of midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was founded in 2007 and is headquartered in The Woodlands, TX.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Brown Oscar K	President & CEO	Feb 12 '26	Option Exercise	0.00	24,022	0	95,950	Feb 13 05:27 PM
SCHULTE DAVID J	Director	Feb 12 '26	Option Exercise	0.00	3,843	0	40,072	Feb 13 05:26 PM
STEWART LISA A	Director	Feb 12 '26	Option Exercise	0.00	3,843	0	39,772	Feb 13 05:25 PM
PHILLIPS ROBERT G	Director	Feb 12 '26	Option Exercise	0.00	4,046	0	4,046	Feb 13 05:24 PM
Dial Christopher B.	SVP, GC and Secretary	Feb 12 '26	Option Exercise	0.00	91,788	0	237,139	Feb 13 05:24 PM
Dial Christopher B.	SVP, GC and Secretary	Feb 12 '26	Sale	42.35	5,879	248,976	185,011	Feb 13 05:24 PM
Owen Kenneth F.	Director	Feb 12 '26	Option Exercise	0.00	3,843	0	41,772	Feb 13 05:22 PM
Holderman Daniel P.	SVP & Chief Operating Officer	Feb 12 '26	Option Exercise	0.00	91,788	0	103,498	Feb 13 05:20 PM
Green Catherine A.	SVP & Chief Accounting Officer	Feb 12 '26	Option Exercise	0.00	63,315	0	122,950	Feb 13 05:18 PM
Shults Kristen S.	SVP & Chief Financial Officer	Feb 12 '26	Option Exercise	0.00	91,788	0	155,879	Feb 13 05:17 PM
Brown Oscar K	President & CEO	Oct 28 '25	Option Exercise	0.00	52,660	0	92,650	Oct 29 04:06 PM

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WES

Western Midstream Partners LP

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