Western Midstream Partners LP

Company Profile

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.

Stock update

Shares of Western Midstream Partners LP opened at $26.47 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $26.21 - $26.64, and closed at $26.22.

This is a +0.38% increase from the previous day's closing price.

A total volume of 4,088,022 shares were traded at the close of the day’s session.

In the last one week, shares of Western Midstream Partners LP have slipped by -3.25%.

Western Midstream Partners LP's Key Ratios

Western Midstream Partners LP has a market cap of $10.05 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 $3.09 billion with a gross profit of $2.18 billion and an EBITDA of $1.83 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 39.84% while its return on assets stood at 6.81% with a return of equity of 34.34%.

In Q2, Western Midstream Partners LP’s quarterly earnings growth was a negative -13.5% while revenue growth was a negative 15.8%.

Western Midstream Partners LP’s PE and PEG Ratio

Forward PE

8.9767

Trailing PE

9.7828

PEG

5.48

Its diluted EPS in the last 12-months stands at $2.67 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 $2.062 per share, indicating a yield of 9.31% and a payout ratio of 90.09%.

Balance sheet and cash flow metrics

Total Assets

$11.22 billion

Total Liabilities

$621.54 million

Operating Cash Flow

$-151490000.00

Capital Expenditure

$161.48 million

Dividend Payout Ratio

90.09%

Western Midstream Partners LP ended 2024 with $11.22 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $11.22 billion while shareholder equity stood at $3.02 billion.

Western Midstream Partners LP ended 2024 with $15.28 million in deferred long-term liabilities, $621.54 million in other current liabilities, 2888745000.00 in common stock, $0 in retained earnings and $4.78 million in goodwill. Its cash balance stood at $213.95 million and cash and short-term investments were $213.95 million. The company’s total short-term debt was $2,532,000 while long-term debt stood at $6.82 billion.

Western Midstream Partners LP’s total current assets stands at $797.20 million while long-term investments were $920.12 million and short-term investments were $0. Its net receivables were $565.77 million compared to accounts payable of $359.30 million and inventory worth $1.90 million.

In 2024, Western Midstream Partners LP's operating cash flow was $-151490000.00 while its capital expenditure stood at $161.48 million.

Comparatively, Western Midstream Partners LP paid $0.90 in dividends in 2024.

Other key metrics

Current Trading Price

$26.22

52-Week High

$28.65

52-Week Low

$21.291

Analyst Target Price

$31.71

Western Midstream Partners LP stock is currently trading at $26.22 per share. It touched a 52-week high of $28.65 and a 52-week low of $28.65. Analysts tracking the stock have a 12-month average target price of $31.71.

Its 50-day moving average was $27.08 and 200-day moving average was $25.75 The short ratio stood at 5.31 indicating a short percent outstanding of 0%.

Around 18.9% of the company’s stock are held by insiders while 9291.4% are held by institutions.