Western Midstream Partners, LP

NYSE:WES 주식 리포트

시가총액: US$18.6b

Western Midstream Partners 향후 성장

Future 기준 점검 2/6

Western Midstream Partners (는) 각각 연간 11.1% 및 6.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 9.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 44.1% 로 예상됩니다.

핵심 정보

11.1%

이익 성장률

9.16%

EPS 성장률

Oil and Gas 이익 성장11.3%
매출 성장률6.2%
향후 자기자본이익률44.11%
애널리스트 커버리지

Low

마지막 업데이트12 May 2026

최근 향후 성장 업데이트

Recent updates

Seeking Alpha • May 16

Western Midstream Partners: I Prefer This MLP Over Enterprise Products Partners And Energy Transfer

Summary Western Midstream Partners offers an 8.35% yield, 5-8% targeted distribution growth, and a compelling risk-adjusted return at $45 per unit. WES’s Q1 results were strong, with a record $683.1M adjusted EBITDA, 15% YoY growth, and a 2.2% distribution increase. The $1.6B Brazos Delaware acquisition expands WES’s Delaware Basin footprint by 50%, is immediately accretive, and maintains pro forma leverage near 3.0x. WES stands ahead of EPD and ET on yield and growth, with total return expectations of 10-15% annualized, but carries higher commodity and customer concentration risk. Read the full article on Seeking Alpha
내러티브 업데이트 • May 10

WES: 2026 Distribution Guidance Will Support Steady Income At Current Levels

Analysts have slightly reduced their price target for Western Midstream Partners to about $41.83 from roughly $41.92, reflecting updated views on discount rates, expected revenue growth, profit margins, and future P/E assumptions. What's in the News Western Midstream Partners issued dividend guidance for 2026, outlining expectations for a full year distribution of at least $3.70 per unit.
내러티브 업데이트 • Apr 24

WES: 2026 Distribution Guidance And Fair Valuation Will Support Steady Income

Analysts have nudged their price target for Western Midstream Partners slightly lower to about $41.92 from $42. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E.
내러티브 업데이트 • Apr 03

WES: 2026 Distribution Guidance And Stable Metrics Will Support Steady Income

Analysts have nudged their price target on Western Midstream Partners slightly higher to $42.00. This reflects updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels.
내러티브 업데이트 • Mar 20

WES: Distribution Guidance And Payout Outlook Will Support Steady Income

Analysts have nudged their average price target for Western Midstream Partners slightly higher, from about $41.75 to roughly $41.83. This change reflects updated views on its discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations.
내러티브 업데이트 • Mar 05

WES: Water Infrastructure And Iodine Project Will Support Steady Income Outlook

Analysts have maintained their $41.75 price target on Western Midstream Partners, citing updated assumptions that reflect a slightly higher discount rate, more moderate revenue growth and profit margins, and a lower future P/E multiple. What's in the News Western Midstream Partners issued dividend guidance for 2026, indicating a full year distribution of at least $3.70 per unit, with a planned quarterly distribution of $0.93 per unit starting with the first quarter payout in May.
내러티브 업데이트 • Feb 19

WES: Iodine Partnership And Water Infrastructure Will Shape Steady Forward Outlook

Analysts have increased their average price target for Western Midstream Partners by $0.08 to $41.75, reflecting minor adjustments to fair value, discount rate, profit margin, and forward P/E assumptions in their models. What's in the News Iofina plc agreed with Western Midstream Partners to develop a new IOsorb plant in the Permian Basin, using Western Midstream produced water as feedstock for iodine extraction.
내러티브 업데이트 • Feb 05

WES: Future Outlook Will Reflect Iodine Project Partnership And Stable Operations

Analysts have made a slight trim to their price target for Western Midstream Partners to about US$41.67 from roughly US$41.83, citing updated assumptions around discount rates, revenue growth, profit margins and forward P/E multiples. What's in the News Iofina plc agreed with Western Midstream Partners to develop a new IOsorb plant in the Permian Basin, using Western Midstream's produced water to extract iodine for commercial sale.
내러티브 업데이트 • Jan 20

WES: Future Outlook Will Reflect Iodine Water Project And Stable Operations

Analysts are keeping their price target for Western Midstream Partners steady at around US$41.83. This points to only small adjustments in inputs such as discount rate, expected revenue growth, profit margin, and future P/E assumptions, rather than a change in their overall view of the partnership’s valuation.
내러티브 업데이트 • Jan 05

WES: Future Outlook Will Reflect Iodine Water Project And Steady Risk Profile

Analysts kept their blended fair value estimate for Western Midstream Partners steady at US$41.83, making only marginal adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions that support the unchanged price target view. What's in the News Iofina plc agreed to develop a new IOsorb plant in the Permian Basin that will use Western Midstream's produced water and WET IOsorb technology to extract iodine for commercial sale.
내러티브 업데이트 • Dec 21

WES: Future Outlook Will Reflect Iodine Water Partnership And Steady Risk Profile

Narrative Update on Western Midstream Partners Analysts have modestly revised their price target on Western Midstream Partners higher to approximately 41.83 dollars per unit. They cite slightly lower perceived risk reflected in a marginally reduced discount rate and a nearly unchanged outlook for revenue growth, profit margins, and future valuation multiples.
내러티브 업데이트 • Dec 07

WES: Future Outlook Will Reflect Water Partnership Upside And Mixed Throughput Trends

Analysts have nudged their price target for Western Midstream Partners slightly higher to approximately 42 dollars per unit from 41 dollars previously, citing modest improvements in long term revenue growth expectations, a marginally lower discount rate, and a slightly higher anticipated future earnings multiple, even as projected profit margins ease fractionally. What's in the News Iofina plc signed an agreement with Western Midstream to develop a new IOsorb plant in the Permian Basin that will use Western Midstream produced water as feedstock for iodine extraction (Client Announcements).
내러티브 업데이트 • Nov 22

WES: Future Outlook Will Reflect Mixed Throughput Trends And Stable Fundamentals

Analysts have slightly raised their price target for Western Midstream Partners from $40.83 to $41.00, citing small adjustments in discount rates and projected growth fundamentals. What's in the News Reported third-quarter 2025 natural-gas throughput averaged 5.4 Bcf/d, a 2% increase over the prior quarter (Announcement of Operating Results).
내러티브 업데이트 • Nov 07

WES: Future Margins And Cost Reductions Will Support Stable Outlook

Analysts have raised their price target for Western Midstream Partners slightly, from $40.67 to $40.83. They cite improved profit margins and lower discount rates as key factors supporting a modest increase in fair value estimates.
내러티브 업데이트 • Oct 23

Analysts Lift Western Midstream Partners Price Target on Revenue Outlook and Lower Discount Rate

Analysts have raised their price target for Western Midstream Partners from $40.33 to $40.67, citing stronger projected revenue growth and a slight reduction in the assumed discount rate that supports the valuation. What's in the News Western Midstream Partners reported unaudited consolidated impairment charges for the quarter ended June 30, 2025.
Seeking Alpha • Mar 27

Western Midstream Can Continue To Afford Its Leading Dividend

Summary Western Midstream, valued at over $15 billion, has shown strong performance with growing volumes and cash flow, making it a valuable investment. Occidental Petroleum owns nearly 45% of Western Midstream, which poses a risk due to its potential influence on public unitholders. In 2024, Western Midstream achieved double-digit growth in natural gas and produced water throughput, boosting adjusted EBITDA by 13% to $2.34 billion. The primary risk is Occidental Petroleum's potential to sell its stake at low prices, as seen during the 2020 market collapse. Read the full article on Seeking Alpha
Seeking Alpha • Mar 17

Western Midstream Partners: A Dividend-Paying Machine In A Time Of High Volatility

Summary Western Midstream Partners has shown steady growth and is a strong dividend-paying company, making it an attractive investment for stability in a volatile environment. The company operates primarily in Texas, Colorado, and Wyoming, with significant infrastructure for transporting oil, gas, and water, showing remarkable revenue and EBITDA growth. Despite some debt concerns, WES has significantly reduced its leverage ratio and plans to continue expanding, pursuing M&A projects, and increasing dividends. The sharp increase in dividend payments, from $1.27 per share in 2021 to an expected $3.605 per share in 2025, highlights management's pro-ownership vision. Read the full article on Seeking Alpha
Seeking Alpha • Feb 11

Western Midstream: Scoop Up This Ultra-High-Yielding Deal Now

Summary Western Midstream is a couple of months away from likely upping its already huge quarterly distribution per unit. The partnership has plenty of options to continue driving steady growth for unitholders. WES' leverage ratio is now just below 3, which positions it well for the future. Units are conservatively trading at a 14% discount to fair value. WES could be poised to realistically generate 50%-plus cumulative total returns through 2027. Read the full article on Seeking Alpha
Seeking Alpha • Jan 10

Western Midstream: Deeply Undervalued With An 8.7% Yield

Summary I recommend a 'Strong buy' for Western Midstream Partners LP due to its unmatched 8.7% forward distribution yield and 33% upside potential. WES's strategic positioning in key U.S. oil-rich regions and its multifaceted growth strategy, including M&A and organic growth, ensure robust future prospects. The company's healthy balance sheet, solid profitability, and favorable macroenvironment support the sustainability of its high yield and overall investment appeal. Read the full article on Seeking Alpha
Seeking Alpha • Dec 16

Western Midstream: A 9% Yield, Undervalued, And Still Room To Grow

Summary By many measures, WES is undervalued for a Permian-focused midstream company. The company's growth rate may be slowing, but is far from a standstill. 2025 is projected to a respectable mid-single digit growth rate. This underpins my price target of $46/unit. For income-oriented investors, WES presents a compelling opportunity to harvest a nearly 9% yield with potential upside from special distributions and moderate distribution growth in 2025. I project 20% total returns through distributions and unit price appreciation. I continue to rate WES as a BUY. Read the full article on Seeking Alpha
Seeking Alpha • Nov 19

Western Midstream: 9% Yield Looks Solid Despite Moderating Growth

Summary Western Midstream Partners continues to hit throughput records in the Delaware basin, but slower growth is expected going forward. With the moderation in growth, I am slightly reducing my projections for EBITDA and distributions next year. WES' 9.2% forward distribution yield remains sustainable and could grow to 10% by 2027. Despite lower growth expectations, WES continues to offer one of the best yields among midstream MLP peers, justifying its Buy rating. Read the full article on Seeking Alpha
Seeking Alpha • Nov 08

Western Midstream: 9% Yield With Growth Tailwinds From Permian Gas Expansion

Summary Western Midstream offers a high 9% yield, benefiting from rising gas production in the Permian Basin. The company is expanding its gas gathering and processing capacity, particularly in the Delaware Basin, which is expected to drive long-term growth. Despite resilient earnings, Western Midstream's distribution coverage is low, making it a higher-risk investment compared to peers like Enterprise Products. Read the full article on Seeking Alpha
Seeking Alpha • Oct 18

Western Midstream: Pumping Out A Massive 9% Yield

Summary Western Midstream Partners offers a high dividend yield of 9.1%, supported by a strong balance sheet and high demand for its pipeline capacity. The company boasts a return on assets of 13%, significantly higher than its peers, and maintains a low leverage ratio, enhancing its financial stability. Western Midstream's free cash flow is expected to grow by 19% this year, driven by ongoing investments and increasing transportation volumes. Trading at around 12x free cash flow and 9x earnings, WES is a low-risk, high-yield investment, making it a "Buy" at current prices. Read the full article on Seeking Alpha
Seeking Alpha • Oct 06

Western Midstream: My Top 2 MLP Income Pick

Summary My top midstream picks are Energy Transfer, Enbridge, and Enterprise Products Partners, with EPD being the best for durable income. After dissecting the fundamentals of WES, I have concluded that WES definitely deserves a spot in my Top 2 income producing midstream list, ranking just below EPD. In this article, I explain in a detailed manner why I have become so bullish on WES. Read the full article on Seeking Alpha
Seeking Alpha • Sep 13

Western Midstream: Time To Buy This Ultra-High-Yielding Bargain

Summary Western Midstream provides an outsized, safe, and growing distribution to unitholders. The company's Mentone Train III project is online, and the North Loving cryogenic processing plant is going to be placed into service soon. WES is set to reach its targeted leverage ratio ahead of schedule. Units of the MLP appear to be priced at a 19% discount to fair value. WES looks primed to produce 20% annual total returns for the next couple of years. Read the full article on Seeking Alpha
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새로운 내러티브 • Aug 21

Strategic Expansion And Cost-Saving Innovations Fuel Growth In Natural Gas Sector

Enhanced revenue prospects through volume expansion in key basins and strategic cost savings aim to improve net margins.
Seeking Alpha • Aug 09

Western Midstream Partners: High Yield Supported By Growth

Summary WES continues to set new volume records in key basins. The completion of projects for new capacity over the next year and new deals for more volume with upstream producers underpin further growth. Distributions are among the best in the industry, with strong growth and the potential for special distributions each year. Read the full article on Seeking Alpha
Seeking Alpha • Jul 30

8.8% Yield And Investment Grade? I'm All In - Western Midstream

Summary Western Midstream is growing its distribution while reducing its unit count, a wonderful sign of health. You can benefit today and tomorrow from this type of opportunity. Income provided by your portfolio can unlock potentially limitless possibilities. Read the full article on Seeking Alpha
Seeking Alpha • Jul 08

Western Midstream: One Of The Highest Energy Yields

Summary Western Midstream Partners offers a high dividend yield of 8.5%, making it an attractive choice for investors seeking income. The company operates in both natural gas and liquids, primarily working with Occidental Petroleum, and is benefiting from strong macro trends in the energy industry. Despite a 53% share price increase over the last year, Western Midstream Partners remains attractively priced with strong growth and a high yield. Read the full article on Seeking Alpha
Seeking Alpha • Jun 20

Western Midstream: This 9%-Yielding MLP May Be Worth Buying Now

Summary Done properly, income investing can address the age-old dilemma of having to continuously work to make ends meet. Western Midstream topped the analyst consensus for revenue in the first quarter. The company is making progress to bring its net leverage ratio to its 3x target. Units of Western Midstream could be trading at a 16% discount to fair value. The MLP could be poised to generate 50%+ cumulative total returns through the end of 2026. Read the full article on Seeking Alpha
Seeking Alpha • Jun 07

9.3% Yield And Investment-Grade Rating Yes! Western Midstream

Summary Midstream MLPs represent the utilities of the oil and gas world, with predictable cash flows and long-term contracts. Bond King Bill Gross calls Western Midstream Partners, LP the best-of-breed in an undervalued sector. The market has yet to appreciate Western Midstream's substantial 52% distribution increase fully. Western Midstream Partners is self-funding its asset expansion, driving toward operational excellence while prioritizing shareholder returns. Read the full article on Seeking Alpha
Seeking Alpha • May 20

Shopping For Income? Don't Ignore 9%-Yielding Western Midstream Partners

Summary Western Midstream Partners, LP is an undervalued midstream MLP with a 9.1% distribution yield. The company benefits from its strategic position in the Permian Basin and strong financials backed by Occidental Petroleum. Western Midstream Partners offers a high distribution yield, steady cash flow, and potential for capital appreciation, making it an attractive opportunity for income-focused investors. Read the full article on Seeking Alpha
Seeking Alpha • May 13

Western Midstream Continues To Drive Reliable Returns

Summary Western Midstream has an impressive portfolio of assets and is managing to continue growth volumes. The company has an almost 10% dividend yield that it can comfortably afford. Despite the Occidental Petroleum risk, we expect the company to keep growing and generating strong returns, making it a valuable investment. Read the full article on Seeking Alpha
Seeking Alpha • Apr 03

Western Midstream: 10% Forward Yield Plus Capital Appreciation From Investment Grade Company

Summary Western Midstream Partners' parent company, Occidental Petroleum, is exploring a sale of WES to reduce debt. WES distribution hike is likely to be influenced by OXY. If OXY sells WES towards the end of 2024, investors will likely pocket close to 20% return in 9 months. If the sale does not occur, investors will keep receiving 10% tax-deferred distributions plus capital appreciation a year from now. Read the full article on Seeking Alpha
Seeking Alpha • Mar 16

Western Midstream: Redlining The Balance Sheet

Summary Western Midstream's recent 50% distribution increase is impressive. This increase may raise some eyebrows due to the unusually large increase. The company's financials show adequate amounts of free cash flow to sustain the raise but project to create a slight cash burn in 2024. Any operational disruptions could cause the company to have to take on debt to cover the negative cash flow. The risk versus reward is an asymmetric bet which leads me to rate the company as a BUY. Read the full article on Seeking Alpha
Seeking Alpha • Mar 05

Western Midstream's Recent Strength Doesn't Change The Thesis

Summary Western Midstream Partners, LP has outperformed the market by roughly 50% and has the ability to drive strong returns. The company has started non-core divestitures to increase the overall value of its assets and has raised almost $800 million from non-controlling stake sales. Western Midstream focuses on increasing returns through share buybacks and has consistently reduced leverage, enabling it to put more cash towards buybacks and increase dividend savings. Read the full article on Seeking Alpha
Seeking Alpha • Feb 28

My Income Climbed 52%, More Capital Gains Ahead: Western Midstream

Summary Western Midstream Partners, LP knocked it out of the park in FY 2023 with record volumes and profitability. A massive 10.2% yield from this midstream MLP as we wait for the exciting growth opportunities lined up for FY 2024. Occidental Petroleum Corporation’s sale of Western Midstream Partners assets can trigger a significant valuation reset, offering double-digit capital upside potential amidst massive consolidation in the industry. Read the full article on Seeking Alpha
Seeking Alpha • Feb 22

Western Midstream: The Breakout Is Here And It's Likely Not Over

Summary Western Midstream Partners, LP finally broke above its trading range in the $20s and is forecasting strong EBITDA growth of around 11%. This breakout should continue, supported by Western Midstream increasing quarterly distributions over 50% to $0.875 from $0.575. Throughput of gas, oil, and water all grew, even before completion of two new gas processing plants in the Delaware basin this year. The partnership's EBITDA growth and investment grade rating reducing the need for deleveraging should sustain the higher distributions going forward. The only thing that should keep Western Midstream Partners from yielding over 10% is an increase in the unit price. The units are a Strong Buy. Read the full article on Seeking Alpha

이익 및 매출 성장 예측

NYSE:WES - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
12/31/20284,8281,7741,7782,4712
12/31/20274,5431,5821,5382,3614
12/31/20264,3171,4911,0932,2435
3/31/20264,0501,1951,3402,162N/A
12/31/20253,8431,1541,4952,223N/A
9/30/20253,7401,2931,4752,219N/A
6/30/20253,6711,2431,4512,201N/A
3/31/20253,6351,2791,4852,268N/A
12/31/20243,6051,5371,3032,137N/A
9/30/20243,5351,4931,2622,056N/A
6/30/20243,4281,4821,0931,899N/A
3/31/20243,2601,3591,0031,759N/A
12/31/20233,1069999261,661N/A
9/30/20233,0281,0459951,677N/A
6/30/20233,0891,0341,1211,751N/A
3/31/20233,2271,0871,1511,727N/A
12/31/20223,2521,1901,2141,701N/A
9/30/20223,1911,0991,4391,874N/A
6/30/20223,1181,0901,4321,797N/A
3/31/20222,9601,0171,4461,782N/A
12/31/20212,8778961,4531,767N/A
9/30/20212,8059171,3391,611N/A
6/30/20212,7219081,3621,612N/A
3/31/20212,6739491,1931,506N/A
12/31/20202,7735161,2141,637N/A
9/30/20202,848540-1,1921,429N/A
6/30/20202,835420-1,4291,377N/A
3/31/20202,849321-1,6091,374N/A
12/31/20192,746662N/A1,324N/A
9/30/20192,716474N/A1,410N/A
6/30/20192,637460N/A1,405N/A
3/31/20192,470358N/A1,391N/A
12/31/20182,300369N/A1,348N/A
9/30/20182,239376N/A1,220N/A
6/30/20182,226364N/A1,095N/A
3/31/20182,233402N/A1,006N/A
12/31/20172,430377N/A1,043N/A
9/30/20172,127361N/A901N/A
6/30/20172,034356N/A953N/A
3/31/20171,937340N/A869N/A
12/31/20161,804334N/A913N/A
9/30/20161,710220N/A842N/A
6/30/20161,661218N/A803N/A
3/31/20161,698198N/A824N/A
12/31/20151,75286N/A783N/A
9/30/20151,702174N/A733N/A
6/30/20151,627145N/A670N/A

애널리스트 향후 성장 전망

수입 대 저축률: WES 의 연간 예상 수익 증가율(11.1%)이 saving rate(3.5%)보다 높습니다.

수익 vs 시장: WES 의 연간 수익(11.1%)이 US 시장(16.8%)보다 느리게 성장할 것으로 예상됩니다.

고성장 수익: WES 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.

수익 대 시장: WES 의 수익(연간 6.2%)이 US 시장(연간 11.6%)보다 느리게 성장할 것으로 예상됩니다.

고성장 매출: WES 의 수익(연간 6.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: WES의 자본 수익률은 3년 후 44.1%로 매우 높을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/20 10:35
종가2026/05/20 00:00
수익2026/03/31
연간 수익2025/12/31

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분석가 소스

Western Midstream Partners, LP는 25명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Marc SolecittoBarclays
Jean Ann SalisburyBofA Global Research
Akil MarshBrean Capital Historical (Janney Montgomery)