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Western Midstream Partners WES Free cash flow margin

Free cash flow margin at other companies

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Other financials

Income statement

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Revenue$1.2B+30.0%
Gross profit$1.1B+23.1%
Operating income$526.7M+18.5%
Net income$403.6M+18.1%
EPS (diluted)$0.99+13.8%

Balance sheet

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Cash & equivalents$104.8M-19.2%
Total debt$9.1B+30.4%
Total assets$16.3B+34.2%

Cash flow

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Operating cash flow$534.7M-5.2%
CapEx$270.3M+51.3%
Free cash flow$264.4M-31.4%

Valuation

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Market cap$19.07B+24.0%
Enterprise value$28.09B+26.3%
P/E14.9×+2.8×
P/S4.4×+0.2×

Profitability

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Gross margin92.1%-3.7pp
Operating margin40.2%-5.4pp
Net margin29.6%-5.0pp

Returns & leverage

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Current ratio0.9×-0.4×

Where this comes from

Calculated from Western Midstream Partners’s reported figures.

Based on trailing twelve months.

The source filing: Western Midstream Partners’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:26 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001423902-26-000093

FAQ

What is Western Midstream Partners's free cash flow margin?
Western Midstream Partners (WES) reported free cash flow margin of 28.1% in Q2 2026.
How has Western Midstream Partners's free cash flow margin changed year-over-year?
Western Midstream Partners's free cash flow margin decreased by 28.8% year-over-year, from 39.5% to 28.1%.
What is the long-term trend for Western Midstream Partners's free cash flow margin?
Over 5 years (2020 to 2025), Western Midstream Partners's free cash flow margin has grown at a -2.3% compound annual growth rate (CAGR), from 43.8% to 38.9%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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