Investing
CapEx
Western Midstream Partners CapEx increased by 6.1% to $235.73M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 65.5%, from $142.4M to $235.73M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 23.4% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 6, 2026
How to read this metric
High spending may signal growth initiatives, while low spending relative to depreciation may indicate a focus on cash preservation or asset harvesting.
Detailed definition
The cash outflows used to acquire, upgrade, or maintain physical assets such as pipelines, processing plants, and storag...
Peer comparison
Standard metric for all capital-intensive industries, particularly in energy infrastructure.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $78.15M | $79.83M | $93.92M | $83.97M | $107.39M | $150.15M | $145.72M | $173.09M | $161.48M | $201.86M | $198.65M | $193.79M | $211.86M | $189.43M | $238.77M | $142.4M | $178.62M | $184.76M | $222.21M | $235.73M |
| QoQ Change | — | +2.2% | +17.6% | -10.6% | +27.9% | +39.8% | -2.9% | +18.8% | -6.7% | +25.0% | -1.6% | -2.4% | +9.3% | -10.6% | +26.0% | -40.4% | +25.4% | +3.4% | +20.3% | +6.1% |
| YoY Change | — | — | — | — | +37.4% | +88.1% | +55.2% | +106.1% | +50.4% | +34.4% | +36.3% | +12.0% | +31.2% | -6.2% | +20.2% | -26.5% | -15.7% | -2.5% | -6.9% | +65.5% |
Range$78.15M – $238.77M
CAGR+26.2%
Avg YoY Growth+29.9%
Median YoY Growth+32.8%
Current Streak4 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Western Midstream Partners's capex?
- Western Midstream Partners (WES) reported capex of $235.73M in Q1 2026.
- How has Western Midstream Partners's capex changed year-over-year?
- Western Midstream Partners's capex increased by 65.5% year-over-year, from $142.4M to $235.73M.
- What is the long-term trend for Western Midstream Partners's capex?
- Over 4 years (2021 to 2025), Western Midstream Partners's capex has grown at a 23.4% compound annual growth rate (CAGR), from $313.67M to $727.99M.
- What does capex mean?
- Cash spent on maintaining or expanding the company's physical assets.