Western Midstream Partners LP
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- Market Cap.:
- $10.04 billion
- Book Value:
- Revenue TTM:
- $3.23 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $2.18 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Western Midstream Partners LP had its IPO on 2008-05-09 under the ticker symbol WES.
The company operates in the Energy sector and Oil & Gas Midstream industry. Western Midstream Partners LP has a staff strength of 2,022 employees.
Shares of Western Midstream Partners LP opened at $25.77 at the start of the last trading session i.e. 2023-06-03.
The stocks traded within a range of $25.6 - $26.38, and closed at $26.11.
This is a +2.63% increase from the previous day's closing price.
A total volume of 674,000 shares were traded at the close of the day’s session.
In the last one week, shares of Western Midstream Partners LP have increased by +0.5%.
Western Midstream Partners LP's Key Ratios
Western Midstream Partners LP has a market cap of $10.04 billion, indicating a price to book ratio of 3.5626 and a price to sales ratio of 3.0755.
In the last 12-months Western Midstream Partners LP’s revenue was $3.23 billion with a gross profit of $2.18 billion and an EBITDA of $1.88 billion. The EBITDA ratio measures Western Midstream Partners LP's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Western Midstream Partners LP’s operating margin was 39.86% while its return on assets stood at 7.13% with a return of equity of 35.85%.
In Q1, Western Midstream Partners LP’s quarterly earnings growth was a negative -30.9% while revenue growth was a negative 3.2%.
Western Midstream Partners LP’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $2.84 per share while it has a forward price to earnings multiple of 8.9767 and a PEG multiple of 5.48. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Western Midstream Partners LP’s profitability.
Western Midstream Partners LP stock is trading at a EV to sales ratio of 5.3537 and a EV to EBITDA ratio of 8.3427. Its price to sales ratio in the trailing 12-months stood at 3.0755.
Western Midstream Partners LP stock pays annual dividends of $2 per share, indicating a yield of 13.46% and a payout ratio of 84.35%.
Balance sheet and cash flow metrics
- Total Assets
- $11.11 billion
- Total Liabilities
- $581.33 million
- Operating Cash Flow
- Capital Expenditure
- $173.09 million
- Dividend Payout Ratio
Western Midstream Partners LP ended 2023 with $11.11 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $11.11 billion while shareholder equity stood at $3.10 billion.
Western Midstream Partners LP ended 2023 with $15.35 million in deferred long-term liabilities, $581.33 million in other current liabilities, 2964712000.00 in common stock, $0 in retained earnings and $4.78 million in goodwill. Its cash balance stood at $112.65 million and cash and short-term investments were $112.65 million. The company’s total short-term debt was $2,714,000 while long-term debt stood at $6.69 billion.
Western Midstream Partners LP’s total current assets stands at $735.30 million while long-term investments were $931.85 million and short-term investments were $0. Its net receivables were $558.30 million compared to accounts payable of $578.61 million and inventory worth $2.79 million.
In 2023, Western Midstream Partners LP's operating cash flow was $-179178000.00 while its capital expenditure stood at $173.09 million.
Comparatively, Western Midstream Partners LP paid $0.84 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Western Midstream Partners LP stock is currently trading at $26.11 per share. It touched a 52-week high of $27.8358 and a 52-week low of $27.8358. Analysts tracking the stock have a 12-month average target price of $32.38.
Its 50-day moving average was $25.73 and 200-day moving average was $25.68 The short ratio stood at 9.47 indicating a short percent outstanding of 0%.
Around 17.7% of the company’s stock are held by insiders while 9183.4% are held by institutions.
Frequently Asked Questions About Western Midstream Partners LP
Similar Industry Stocks (Oil & Gas Midstream)
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.