# Western Midstream Partners, LP share price today (Western Midstream Partners, LP, WES)

> Western Midstream Partners, LP's share price has risen faster than its earnings: +17.1% in a year, against −25.9% for earnings per share. WES · Energy · Oil & Gas Midstream · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/wes

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: $43.87 (+17.1% in a year)
- P/E: 13.8× (higher than 87% of the last 4.6 years)
- Revenue (Jun 2026): $1.2 B (+30.0% on a year ago)
- Profit (Jun 2026): $395 M (+18.3% on a year ago)
- Operating margin: 41.7% (−2.8 points on a year ago)
- ROE: 28%, FY25
- ROIC: 13.5%, against a 6.9% cost of capital: +6.6 points

The main question: the share price moved +17.1% in a year while yearly earnings per share moved −25.9%. The difference came from the market paying a higher multiple. ## What is the Western Midstream Partners, LP share price today? Western Midstream Partners, LP's share price was $43.87 at the close on 3 November 2026. It has been moving sideways for 1 week. That is 0.7% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 6 weeks running. In the last 52 weeks it traded between $39 and $50, and at that close it sat 48% of the way up from that low. Over the last 10 years the share price moved +15% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Western Midstream Partners, LP pay? Western Midstream Partners, LP paid $3.68 per share over the last four reported quarters. The most recent declaration was $0.93 for Jun 2026. At today's price of $43.87 that is a yield of 8.39%, based on dividends already paid, not a forecast. ## Which stock lists is Western Midstream Partners, LP on? Western Midstream Partners, LP is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Western Midstream Partners, LP profitable? Western Midstream Partners, LP earned $395 M of net profit in the Jun 2026 quarter, +18.3% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $1.2 B. Over 4 years profit has grown 6.5% a year on average. That is 32.2% of the quarter's revenue. The same quarter a year earlier earned $334 M. For the full year, FY25 profit was $1.2 B (−24.9% on the year before). Why profit moved: revenue changed +30.0% on a year earlier and the margin moved −2.8 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +1.7% and revenue +17.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Western Midstream Partners, LP make, and is it growing? Western Midstream Partners, LP reported $1.2 B of revenue in the Jun 2026 quarter, +30.0% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 4 years it has grown 7.5% a year on average. The last full year, FY25, came in at $3.8 B. The last four reported quarters add to $4.3 B. FY25 revenue was $3.8 B, +6.6% on the year before. Recent pace: the last four quarters grew +17.9% on average, against 7.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +18.0%, against +12.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +1.0%, against −7.9% a year (accelerating). ## How much of every $100 of sales does Western Midstream Partners, LP keep? Western Midstream Partners, LP's operating margin was 41.7% in the Jun 2026 quarter, 2.8 percentage points lower than the same quarter a year ago. Across 5 years it has been between 40.1% and 43.5%. The latest quarter is within that range. Why the margin moved: operating margin changed −2.8 percentage points on the year while gross margin changed −4.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Western Midstream Partners, LP's profit turning into cash? Over the last 3 years, 163% of Western Midstream Partners, LP's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $2.2 B of operating cash against $1.2 B of profit. After $728 M of spending on assets, $1.5 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Western Midstream Partners, LP's cash go? Western Midstream Partners, LP does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $2.3 B on assets over the last 3 years. Averaged over those years that is 19.9% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $2.3 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Western Midstream Partners, LP's P/E ratio, and how does it compare with its own history? Western Midstream Partners, LP's P/E is 13.8×, near the high end of its own history: higher than 87% of past readings. Its usual P/E (the middle reading) is 10.5×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −25.9% while the price moved +17.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +15.2% a year; about +5.4% a year came from earnings growth and about +9.8 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Western Midstream Partners, LP business getting better or worse? Western Midstream Partners, LP's business is getting better. Profit growth hit its low 3 quarters ago at −16.1% and has recovered to +1.0%, with ROCE steady at 12.8%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Western Midstream Partners, LP earn on its capital? Western Midstream Partners, LP earned a ROE of 28% in FY25. Its return on capital used (ROIC) is 6.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 30.0% net margin and 0.26× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 30.0% net margin × 0.26× asset turnover × 3.60× leverage (assets divided by equity) ≈ 28.1% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 13.5% − 6.9% = +6.6 percentage points. The 6.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. ## Does Western Midstream Partners, LP have too much debt? Western Midstream Partners, LP has total debt of $9.1 B against shareholder equity of $4.4 B as of Jun 2026, so its debt is 2.07× its equity. Year by year, that ratio went from 2.25 in FY21 to 2.12 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Western Midstream Partners, LP shareholding pattern? 2.4% of Western Midstream Partners, LP's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 6.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Western Midstream Partners, LP from balance-sheet trouble? For Western Midstream Partners, LP, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Western Midstream Partners, LP rank in its industry? 41.7 out of 100, rank 24 of 30 in Oil & Gas Midstream, with 81% of the evidence available. Western Midstream Partners, LP scores 41.7 out of 100 against the 30 companies it is compared with in Oil & Gas Midstream, ranking 24. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 10.6 + 13.9 + 14.6 + 2.6 = 41.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Western Midstream Partners, LP compared with? Western Midstream Partners, LP ranks 24 of 30 Oil & Gas Midstream companies on the 4-Factor Sector Score, with 41.7 out of 100. 1. [Frontline plc](https://www.sectoralpha.in/us/stocks/fro) FRO · leader · Sector-leading setup · 81% evidence 86.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/35 · Revenue 48.9% · Profit 100% · Operating margin change 38.3 points · 83% evidence Capital efficiency 20.9/25 · ROCE 25.5% · Operating margin 65.8% · 76% evidence Valuation 15.5/20 · P/E 5.2× · PEG 0.19 · 65% evidence Relative strength 19.6/20 · Lead over its industry 29.6% · Lead over S&P 500 37.3% · 1 year 121.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30 + 20.9 + 15.5 + 19.6 = 86 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [DHT Holdings, Inc.](https://www.sectoralpha.in/us/stocks/dht) DHT · leader · Sector-leading setup · 81% evidence 81.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.2/35 · Revenue 43.3% · Profit 100% · Operating margin change 29.9 points · 83% evidence Capital efficiency 19.9/25 · ROCE 28.2% · Operating margin 71.3% · 76% evidence Valuation 14.4/20 · P/E 5.6× · PEG 0.55 · 65% evidence Relative strength 19.1/20 · Lead over its industry 20.9% · Lead over S&P 500 28.5% · 1 year 79.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 28.2 + 19.9 + 14.4 + 19.1 = 81.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [TORM plc](https://www.sectoralpha.in/us/stocks/trmd) TRMD · breaking out · Sector-leading setup · 81% evidence 80.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 33.3% · Profit 89.4% · Operating margin change 31.6 points · 83% evidence Capital efficiency 18.0/25 · ROCE 19.9% · Operating margin 53.6% · 76% evidence Valuation 15.3/20 · P/E 4.2× · PEG 0.38 · 65% evidence Relative strength 19.7/20 · Lead over its industry 24.2% · Lead over S&P 500 32.1% · 1 year 76.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.3 + 18 + 15.3 + 19.7 = 80.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [International Seaways, Inc.](https://www.sectoralpha.in/us/stocks/insw) INSW · leader · Most evidence points up · 81% evidence 77.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.8/35 · Revenue 57.8% · Profit 100% · Operating margin change 34.3 points · 83% evidence Capital efficiency 18.8/25 · ROCE 24.2% · Operating margin 64.2% · 76% evidence Valuation 16.3/20 · P/E 4.9× · PEG 0.09 · 65% evidence Relative strength 13.7/20 · Lead over its industry 18.8% · Lead over S&P 500 26% · 1 year 96.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 28.8 + 18.8 + 16.3 + 13.7 = 77.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Scorpio Tankers Inc.](https://www.sectoralpha.in/us/stocks/stng) STNG · breaking out · Most evidence points up · 81% evidence 75.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.9/35 · Revenue 32.8% · Profit 100% · Operating margin change 25.4 points · 83% evidence Capital efficiency 14.9/25 · ROCE 13.2% · Operating margin 59.7% · 76% evidence Valuation 16.4/20 · P/E 3.9× · PEG 0.11 · 65% evidence Relative strength 17.3/20 · Lead over its industry 6.7% · Lead over S&P 500 13.7% · 1 year 36.5% · 100% evidence · 6 of 12 weeks ahead Exact sum: 26.9 + 14.9 + 16.4 + 17.3 = 75.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Venture Global, Inc.](https://www.sectoralpha.in/us/stocks/vg) VG · turning · Evidence leans up · 81% evidence 64.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/35 · Revenue 100% · Profit 100% · Operating margin change 14.3 points · 83% evidence Capital efficiency 11.8/25 · ROCE 11.1% · Operating margin 47.8% · 76% evidence Valuation 15.5/20 · P/E 8.3× · PEG 0.14 · 65% evidence Relative strength 10.7/20 · Lead over its industry 0.4% · Lead over S&P 500 6% · 1 year 62.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 26.8 + 11.8 + 15.5 + 10.7 = 64.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Targa Resources Corp.](https://www.sectoralpha.in/us/stocks/trgp) TRGP · breaking out · Evidence leans up · 81% evidence 61.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue -2% · Profit 47.9% · Operating margin change 3.5 points · 83% evidence Capital efficiency 15.3/25 · ROCE 15.3% · Operating margin 27.8% · 76% evidence Valuation 12.9/20 · P/E 25.5× · PEG 0.51 · 65% evidence Relative strength 16.8/20 · Lead over its industry 9.2% · Lead over S&P 500 16.2% · 1 year 73.5% · 100% evidence · 7 of 12 weeks ahead Exact sum: 16.8 + 15.3 + 12.9 + 16.8 = 61.8 · What this means: Relative strength against the index is 16.2%, and revenue and profit growth are weak. 8. [Cmb.Tech NV](https://www.sectoralpha.in/us/stocks/cmbt) CMBT · leader · Evidence leans up · 71% evidence 61.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/35 · Revenue 100% · Profit 100% · Operating margin change 27.7 points · 83% evidence Capital efficiency 10.4/25 · ROCE 9.1% · Operating margin 43.2% · 76% evidence Valuation 11.2/20 · P/E 4.9× · PEG n/a · 15% evidence Relative strength 12.4/20 · Lead over its industry 8.2% · Lead over S&P 500 15.2% · 1 year 83.1% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.8 + 10.4 + 11.2 + 12.4 = 61.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Cheniere Energy Partners, L.P.](https://www.sectoralpha.in/us/stocks/cqp) CQP · quiet · Evidence leans up · 81% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 15.4% · Profit 33.7% · Operating margin change 22.8 points · 83% evidence Capital efficiency 18.1/25 · ROCE 23.5% · Operating margin 51.9% · 76% evidence Valuation 14.6/20 · P/E 11.1× · PEG 0.33 · 65% evidence Relative strength 4.6/20 · Lead over its industry -8.9% · Lead over S&P 500 -2.4% · 1 year 23.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 23 + 18.1 + 14.6 + 4.6 = 60.3 · What this means: Earnings are strong; relative strength in its sector is -8.9% and the one-year return is 23.8%. 10. [Plains All American Pipeline, L.P.](https://www.sectoralpha.in/us/stocks/paa) PAA · breaking out · Evidence leans up · 81% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 12.2% · Profit 100% · Operating margin change 0.1 points · 83% evidence Capital efficiency 7.8/25 · ROCE 6.9% · Operating margin 2.8% · 76% evidence Valuation 14.0/20 · P/E 6.2× · PEG 0.62 · 65% evidence Relative strength 16.7/20 · Lead over its industry 5.3% · Lead over S&P 500 12.5% · 1 year 55.4% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.5 + 7.8 + 14 + 16.7 = 59 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Cheniere Energy, Inc.](https://www.sectoralpha.in/us/stocks/lng) LNG · leader · Evidence leans up · 81% evidence 57.7 out of 100 Growth Capital Valuation Relative
12. [Plains GP Holdings, L.P.](https://www.sectoralpha.in/us/stocks/pagp) PAGP · leader · Evidence leans up · 81% evidence 57.1 out of 100 Growth Capital Valuation Relative
13. [Viper Energy, Inc.](https://www.sectoralpha.in/us/stocks/vnom) VNOM · turning · Evidence leans up · 81% evidence 52.3 out of 100 Growth Capital Valuation Relative
14. [Kinetik Holdings Inc.](https://www.sectoralpha.in/us/stocks/kntk) KNTK · breaking out · Evidence leans up · 81% evidence 52.3 out of 100 Growth Capital Valuation Relative
15. [Kinder Morgan, Inc.](https://www.sectoralpha.in/us/stocks/kmi) KMI · turning · Evidence leans down · 85% evidence 49.5 out of 100 Growth Capital Valuation Relative
16. [Excelerate Energy, Inc.](https://www.sectoralpha.in/us/stocks/ee) EE · turning · Evidence leans down · 75% evidence 48.9 out of 100 Growth Capital Valuation Relative
17. [ONEOK, Inc.](https://www.sectoralpha.in/us/stocks/oke) OKE · turning · Evidence leans down · 81% evidence 48.7 out of 100 Growth Capital Valuation Relative
18. [South Bow Corporation](https://www.sectoralpha.in/us/stocks/sobo) SOBO · turning · Evidence leans down · 81% evidence 48.5 out of 100 Growth Capital Valuation Relative
19. [The Williams Companies, Inc.](https://www.sectoralpha.in/us/stocks/wmb) WMB · turning · Evidence leans down · 81% evidence 48.4 out of 100 Growth Capital Valuation Relative
20. [Hess Midstream LP](https://www.sectoralpha.in/us/stocks/hesm) HESM · basing · Evidence leans down · 81% evidence 47.2 out of 100 Growth Capital Valuation Relative
21. [Energy Transfer LP](https://www.sectoralpha.in/us/stocks/et) ET · turning · Evidence leans down · 81% evidence 45.7 out of 100 Growth Capital Valuation Relative
22. [Pembina Pipeline Corporation](https://www.sectoralpha.in/us/stocks/pba) PBA · turning · Evidence leans down · 81% evidence 45.2 out of 100 Growth Capital Valuation Relative
23. [Golar LNG Limited](https://www.sectoralpha.in/us/stocks/glng) GLNG · quiet · Evidence leans down · 81% evidence 41.8 out of 100 Growth Capital Valuation Relative
24. Western Midstream Partners, LP this page WES · quiet · Evidence leans down · 81% evidence 41.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.6/35 · Revenue 18% · Profit 1% · Operating margin change -2.8 points · 83% evidence Capital efficiency 13.9/25 · ROCE 11.3% · Operating margin 41.7% · 76% evidence Valuation 14.6/20 · P/E 14.4× · PEG 0.17 · 65% evidence Relative strength 2.6/20 · Lead over its industry -10.1% · Lead over S&P 500 -3.4% · 1 year 12.5% · 100% evidence · 4 of 12 weeks ahead Exact sum: 10.6 + 13.9 + 14.6 + 2.6 = 41.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 25. [Enterprise Products Partners L.P.](https://www.sectoralpha.in/us/stocks/epd) EPD · turning · Evidence leans down · 81% evidence 39.6 out of 100 Growth Capital Valuation Relative
26. [MPLX LP](https://www.sectoralpha.in/us/stocks/mplx) MPLX · turning · Evidence leans down · 81% evidence 39.1 out of 100 Growth Capital Valuation Relative
27. [Antero Midstream Corporation](https://www.sectoralpha.in/us/stocks/am) AM · turning · Evidence leans down · 81% evidence 38.8 out of 100 Growth Capital Valuation Relative
28. [TC Energy Corporation](https://www.sectoralpha.in/us/stocks/trp) TRP · turning · Evidence leans down · 81% evidence 38.6 out of 100 Growth Capital Valuation Relative
29. [DT Midstream, Inc.](https://www.sectoralpha.in/us/stocks/dtm) DTM · quiet · Evidence leans down · 81% evidence 38.2 out of 100 Growth Capital Valuation Relative
30. [Enbridge Inc.](https://www.sectoralpha.in/us/stocks/enb) ENB · basing · Most evidence points down · 81% evidence 24.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Oil & Gas Midstream](https://www.sectoralpha.in/us/sectors/oil-gas-midstream), all 30 compared on one page. ## Which companies are close to Western Midstream Partners, LP in size? Western Midstream Partners, LP is the 15th largest of 47 Oil & Gas Midstream companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Cheniere Energy Partners, L.P., Pembina Pipeline Corporation and Plains All American Pipeline, L.P. Just below it: Viper Energy, Inc., DT Midstream, Inc. and Frontline plc. ### Oil & Gas Midstream companies close in size

1. [Cheniere Energy Partners, L.P.](https://www.sectoralpha.in/us/stocks/cqp) $30.5 billion
2. [Pembina Pipeline Corporation](https://www.sectoralpha.in/us/stocks/pba) $28.8 billion
3. [Plains All American Pipeline, L.P.](https://www.sectoralpha.in/us/stocks/paa) $18.2 billion
4. Western Midstream Partners, LP $18.1 billion
5. [Viper Energy, Inc.](https://www.sectoralpha.in/us/stocks/vnom) $16 billion
6. [DT Midstream, Inc.](https://www.sectoralpha.in/us/stocks/dtm) $12.5 billion
7. [Frontline plc](https://www.sectoralpha.in/us/stocks/fro) $11.7 billion

[All 47 Oil & Gas Midstream companies, largest first](https://www.sectoralpha.in/us/sectors/oil-gas-midstream#all-companies)

### Companies close in size in other industries

1. [F5, Inc.](https://www.sectoralpha.in/us/stocks/ffiv) $18.4 billion · Software - Infrastructure
2. [Tractor Supply Company](https://www.sectoralpha.in/us/stocks/tsco) $18.4 billion · Specialty Retail
3. Western Midstream Partners, LP $18.3 billion
4. [Nordson Corporation](https://www.sectoralpha.in/us/stocks/ndsn) $18.2 billion · Specialty Industrial Machinery
5. [East West Bancorp, Inc.](https://www.sectoralpha.in/us/stocks/ewbc) $18.2 billion · Banks - Regional

## What else do people ask about Western Midstream Partners, LP? ### What were Western Midstream Partners, LP's latest quarterly results? Western Midstream Partners, LP reported revenue of $1.2 B and net profit of $395 M for the Jun 2026 quarter. Revenue rose 30.0% and profit rose 18.3% compared with a year earlier. Earnings per share were $0.99. The operating margin was 41.7%, 2.8 percentage points lower than a year earlier (as of 3 November 2026). ### What is Western Midstream Partners, LP's market cap? Western Midstream Partners, LP's market capitalisation is $18.1 B at a stock price of $43.87. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Western Midstream Partners, LP performing? Western Midstream Partners, LP's share price has been moving sideways for 1 weeks. In its latest quarter, revenue rose 30.0% and profit rose 18.3% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 6 weeks running (as of 3 November 2026). ### Will Western Midstream Partners, LP's stock price go up? This page does not forecast Western Midstream Partners, LP's stock price. What it shows instead: the stock price is $43.87, and it has been moving sideways for 1 weeks. Its P/E of 13.8× is higher than 87% of its own last 5 years (as of 3 November 2026). ### Where is Western Midstream Partners, LP in its business cycle? Western Midstream Partners, LP's FY25 operating margin was 40.1%, against a 5-year range of 40.1% to 43.5%: the low end of its own range, which is often where recoveries start. The latest quarter was 41.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Western Midstream Partners, LP story? The main question: the share price moved +17.1% in a year while yearly earnings per share moved −25.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Western Midstream Partners, LP a stock worth studying right now? What the numbers show: Western Midstream Partners, LP's share price has risen faster than its earnings: +17.1% in a year, against −25.9% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.