WES Western Midstream Partners LP

Price (delayed)

$34.16

Market cap

$13B

P/E Ratio

13.09

Dividend/share

$2.21

EPS

$2.61

Enterprise value

$20.63B

Western Midstream Partners, LP ('WES') is a Delawaremaster limited partnership formed to acquire, own, develop, and operate midstream assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania, Texas, ...

Highlights
WES's gross profit is up by 4.7% QoQ
Western Midstream Partners's gross margin has increased by 4.9% YoY and by 2% from the previous quarter
The revenue has declined by 4.5% year-on-year but it has grown by 2.6% since the previous quarter
The company's equity rose by 2.6% QoQ but it fell by 2.5% YoY
Western Midstream Partners's quick ratio has plunged by 59% from the previous quarter and by 23% YoY
WES's P/E is 27% above its last 4 quarters average of 10.2 and 18% above its 5-year quarterly average of 11.0

Key stats

What are the main financial stats of WES
Market
Shares outstanding
380.48M
Market cap
$13B
Enterprise value
$20.63B
Valuations
Price to book (P/B)
4.47
Price to sales (P/S)
4.21
EV/EBIT
15
EV/EBITDA
10.44
EV/Sales
6.64
Earnings
Revenue
$3.11B
EBIT
$1.37B
EBITDA
$1.98B
Free cash flow
$926.25M
Per share
EPS
$2.61
Free cash flow per share
$2.42
Book value per share
$7.63
Revenue per share
$8.11
TBVPS
$30.77
Balance sheet
Total assets
$12.47B
Total liabilities
$9.44B
Debt
$7.9B
Equity
$2.9B
Working capital
-$311.65M
Liquidity
Debt to equity
2.73
Current ratio
0.76
Quick ratio
0.72
Net debt/EBITDA
3.86
Margins
EBITDA margin
63.6%
Gross margin
70.2%
Net margin
32.9%
Operating margin
39.8%
Efficiency
Return on assets
8.6%
Return on equity
34.5%
Return on invested capital
8.1%
Return on capital employed
12.3%
Return on sales
44.3%
Dividend
Dividend yield
6.48%
DPS
$2.21
Payout ratio
84.8%

WES stock price

How has the Western Midstream Partners stock price performed over time
Intraday
1.12%
1 week
17.19%
1 month
16.19%
1 year
29.25%
YTD
16.75%
QTD
16.75%

Financial performance

How have Western Midstream Partners's revenue and profit performed over time
Revenue
$3.11B
Gross profit
$2.18B
Operating income
$1.24B
Net income
$1.02B
Gross margin
70.2%
Net margin
32.9%
The net income has contracted by 16% YoY and by 4.5% from the previous quarter
The company's net margin fell by 12% YoY and by 7% QoQ
The operating income has increased by 7% since the previous quarter but it has declined by 4.9% year-on-year
WES's gross profit is up by 4.7% QoQ

Growth

What is Western Midstream Partners's growth rate over time

Valuation

What is Western Midstream Partners stock price valuation
P/E
13.09
P/B
4.47
P/S
4.21
EV/EBIT
15
EV/EBITDA
10.44
EV/Sales
6.64
WES's P/E is 27% above its last 4 quarters average of 10.2 and 18% above its 5-year quarterly average of 11.0
WES's EPS is down by 13% YoY and by 4% from the previous quarter
WES's price to book (P/B) is 52% higher than its 5-year quarterly average of 2.9 and 23% higher than its last 4 quarters average of 3.6
The company's equity rose by 2.6% QoQ but it fell by 2.5% YoY
WES's P/S is 39% more than its 5-year quarterly average of 3.0 and 23% more than its last 4 quarters average of 3.4
The revenue has declined by 4.5% year-on-year but it has grown by 2.6% since the previous quarter

Efficiency

How efficient is Western Midstream Partners business performance
Western Midstream Partners's return on assets has decreased by 17% YoY and by 7% QoQ
Western Midstream Partners's ROIC has decreased by 15% YoY and by 4.7% from the previous quarter
Western Midstream Partners's return on equity has decreased by 12% YoY and by 3.9% QoQ
WES's ROS is down by 7% YoY and by 4.7% from the previous quarter

Dividends

What is WES's dividend history
DPS
$2.21
Dividend yield
6.48%
Payout ratio
84.8%
Recent dividends

Financial health

How did Western Midstream Partners financials performed over time
The total assets is 32% greater than the total liabilities
Western Midstream Partners's quick ratio has plunged by 59% from the previous quarter and by 23% YoY
The company's current ratio has shrunk by 58% QoQ and by 24% YoY
The company's debt is 173% higher than its equity
Western Midstream Partners's debt to equity has increased by 20% YoY and by 6% QoQ
The company's debt rose by 16% YoY and by 9% QoQ

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.