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Western Midstream Partners

WES

Western Midstream Partners is a oil & gas midstream company in the energy sector trading on NYSE, led by CEO Oscar K. Brown, with a market cap of $18.4B.

Market cap
$18.44B+23.2%
Revenue$4.0B+11.4%
Net income$1.2B-6.7%
Free cash flow$1.3B-9.8%
EPS (diluted)$3.04-9.3%
Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 6, 2026
Revenue$1.1BBeat by $111.7MEPS$0.85Beat by $0.11

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$1.1B
EPS estimate$0.85

Financials

Q1 2026

Income statement

See full
Revenue$1.1B+22.5%
Gross profit$1.0B+16.6%
Operating income$469.2M+14.5%
Net income$350.3M+13.4%
EPS (diluted)$0.85+7.6%

Balance sheet

See full
Cash & equivalents$647.5M+44.4%
Total debt$8.7B+18.7%
Total assets$14.9B+19.8%

Cash flow

See full
Operating cash flow$469.9M-11.5%
CapEx$235.7M+65.5%
Free cash flow$234.2M-39.7%

Valuation & ratios

Valuation

See full
Market cap$18.44B+23.2%
Enterprise value$26.5B+21.1%
P/E15.1×+3.3×
P/S4.6×+0.5×

Profitability

See full
Gross margin93.4%-2.0pp
Operating margin41%-5.8pp
Net margin30.2%-5.9pp
FCF margin33.1%-7.8pp

Returns & leverage

See full
Current ratio1.1×-0.1×

Segments

By product

See full
Service Revenues - Fee Based$933.3M+13.4%
Service Revenues - Product Based$88.8M+49.8%

Profile

CountryUnited States of America
Listed2012
Employees1.4K
CEOOscar K. Brown
SectorEnergy
IndustryOil & Gas Midstream
Websitewesternmidstream.com
FilingsSEC EDGAR

Questions, answered.

What is Western Midstream Partners's market cap?
Western Midstream Partners (WES) has a market capitalization of $18.4B and trades on NYSE.
What is Western Midstream Partners's revenue and profitability?
Western Midstream Partners generated $4.0B in trailing twelve-month revenue with net income of $1.2B, representing a net margin of 30.2%. Gross margin stands at 93.4%, with free cash flow of $1.3B. These figures are based on the Q1 2026 filing.
Where is Western Midstream Partners headquartered?
Western Midstream Partners is headquartered in United States of America and employs approximately 1,377 people. It has been publicly traded since 2012.