Western Midstream Partners (WES) Stock Forecast & Price Target

WES price $45.46 +0.43 +0.95%

Ticker
WES
Price
$45.46
Change
+0.43 +0.95%
Market cap ?
$18.78B
P/E ?
14.03
Forward P/E ?
12.19
Dividend yield ?
8.17%
Beta ?
0.71
Sector
Energy
Industry
Oil & Gas Midstream
Stocklytics score
52
Value
57
Quality
48
Growth
50

Stocklytics score rationale: value 57, quality 48, growth 50.

Financials

2016201720182019202020212022202320242025
1804270000224835600019902760002746174000277259200028771550003251721000310647600036052230003843403000

Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil…

Fair value

WES fair value $59.15. Price $45.46. Price is 23% below fair value.

Below fair value, but more expensive than usual. A smaller discount than on 92% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 2.25B. Growth 7.88%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 413.17M. Net debt 8.11B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare WES

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-04—0.92—1.19B
2026-08-050.990.911.22B1.13B
2026-05-060.850.741.12B1.01B
2026-02-180.470.841.03B1.03B
2025-11-040.870.88952.48M961.00M
2025-08-060.870.83942.32M940.11M
2025-05-070.790.83917.12M919.59M
2025-02-260.850.85928.50M926.39M
2024-11-060.740.83883.36M924.83M
2024-08-070.970.88905.63M904.94M
2024-05-081.470.81887.73M868.22M
2024-02-210.740.78858.21M883.04M
2023-11-010.700.64776.01M816.48M
2023-08-080.640.66738.27M815.12M
2023-05-030.520.64733.98M771.64M
2023-02-220.850.72779.44M816.35M
2022-11-020.660.75837.57M860.33M
2022-08-030.740.77876.42M796.73M
2022-05-100.750.62758.30M730.94M
2022-02-230.580.65719.21M762.52M
2021-11-090.610.63763.84M738.06M
2021-08-090.550.57719.13M719.13M
2021-05-100.440.54674.97M662.18M
2021-02-230.620.58647.48M602.83M
2020-11-090.550.50679.04M611.14M
2020-08-100.600.50671.75M559.80M
2020-05-050.770.50774.31M692.81M
2020-02-270.620.46723.21M536.58M
2019-11-040.270.44666.03M1.09B
2019-07-300.370.54748.65M999.81M
2019-04-300.300.49671.88M1.10B
2019-02-140.700.65557.79M966.45M
2018-10-300.490.62507.76M743.87M
2018-07-310.310.42435.95M701.94M
2018-05-010.460.41437.17M446.63M
2018-02-150.450.40632.02M561.78M
2017-10-310.440.41574.70M535.52M
2017-07-250.480.44525.45M481.71M
2017-05-020.350.39516.19M575.19M
2017-02-220.410.36510.82M448.51M

Dividends

Yield 8.10%. Payout ratio 117.73%. Frequency Quarterly.

Safety score 51/100 · Watch. Payout ratio is 118% of earnings, above what earnings cover. Dividends use a moderate share of free cash flow. Dividends were paid in 14 separate years. Yield is 8.1%, high enough that the payout may be hard to keep.

Ex-dateDividendRecordPaymentFrequency
2026-11-02$0.932026-11-022026-11-13Quarterly
2026-07-31$0.932026-07-312026-08-14Quarterly
2026-05-01$0.932026-05-012026-05-15Quarterly
2026-02-02$0.912026-02-022026-02-13Quarterly
2025-10-31$0.912025-10-312025-11-14Quarterly
2025-08-01$0.912025-08-012025-08-14Quarterly
2025-05-02$0.912025-05-022025-05-15Quarterly
2025-02-03$0.882025-02-032025-02-14Quarterly
2024-11-01$0.882024-11-012024-11-14Quarterly
2024-08-01$0.882024-08-012024-08-14Quarterly
2024-04-30$0.882024-05-012024-05-15Quarterly
2024-01-31$0.572024-02-012024-02-13Quarterly
2023-10-31$0.572023-11-012023-11-13Quarterly
2023-07-28$0.562023-07-312023-08-14Semi-Annual
2023-04-28$0.862023-05-012023-05-15Special
2023-01-31$0.502023-02-012023-02-13Quarterly
2022-10-28$0.502022-10-312022-11-14Quarterly
2022-07-29$0.502022-08-012022-08-12Quarterly
2022-04-29$0.502022-05-022022-05-13Quarterly
2022-01-28$0.332022-01-312022-02-14Quarterly
2021-10-29$0.322021-11-012021-11-12Quarterly
2021-07-29$0.322021-07-302021-08-13Quarterly
2021-04-29$0.322021-04-302021-05-14Quarterly
2021-01-29$0.312021-02-012021-02-12Quarterly
2020-10-29$0.312020-10-302020-11-13Quarterly
2020-07-30$0.312020-07-312020-08-13Quarterly
2020-04-30$0.312020-05-012020-05-14Quarterly
2020-01-30$0.622020-01-312020-02-13Quarterly
2019-10-31$0.622019-11-012019-11-13Quarterly
2019-07-30$0.622019-07-312019-08-13Quarterly
2019-04-30$0.612019-05-012019-05-14Quarterly
2019-01-31$0.602019-02-012019-02-21Quarterly
2018-10-30$0.592018-10-312018-11-13Quarterly
2018-07-31$0.582018-08-012018-08-13Quarterly
2018-05-01$0.572018-05-022018-05-14Quarterly
2018-01-31$0.552018-02-012018-02-22Quarterly
2017-11-01$0.542017-11-022017-11-22Quarterly
2017-07-27$0.532017-07-312017-08-11Quarterly
2017-04-27$0.492017-05-012017-05-12Quarterly
2017-01-31$0.462017-02-022017-02-13Quarterly
2016-10-27$0.452016-10-312016-11-10Quarterly
2016-07-28$0.432016-08-012016-08-12Quarterly
2016-04-28$0.422016-05-022016-05-13Quarterly
2016-01-28$0.402016-02-012016-02-11Quarterly
2015-10-29$0.382015-11-022015-11-12Quarterly
2015-07-29$0.362015-07-312015-08-12Quarterly
2015-04-28$0.342015-04-302015-05-13Quarterly
2015-01-29$0.312015-02-022015-02-12Quarterly
2014-10-29$0.292014-10-312014-11-13Quarterly
2014-07-29$0.272014-07-312014-08-13Quarterly
2014-04-28$0.252014-04-302014-05-14Quarterly
2014-01-29$0.232014-01-312014-02-12Quarterly
2013-10-29$0.212013-10-312013-11-12Quarterly
2013-07-29$0.202013-07-312013-08-12Quarterly
2013-04-26$0.182013-04-302013-05-13Quarterly
2013-01-30$0.042013-02-012013-02-12Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-08-12Forthuber Frederick A.Buy5.14K$48.62249.91K
2026-03-11PHILLIPS ROBERT GBuy1.25K$40.1950.24K
2026-02-12Brown Oscar KBuy24.02K——
2026-02-12Brown Oscar KBuy94.45K——
2026-02-12Brown Oscar KSell10.51K$42.35445.10K
2026-02-12Brown Oscar KSell24.02K——
2026-02-12Brown Oscar KBuy47.23K——
2026-02-12Brown Oscar KBuy47.23K——
2026-02-12SCHULTE DAVID JBuy3.84K——
2026-02-12SCHULTE DAVID JBuy3.78K——
2026-02-12SCHULTE DAVID JSell3.84K——
2026-02-12Forthuber Frederick A.Buy3.78K——
2026-02-12STEWART LISA ABuy3.84K——
2026-02-12STEWART LISA ABuy3.78K——
2026-02-12STEWART LISA ASell3.84K——
2026-02-12PHILLIPS ROBERT GBuy4.05K——
2026-02-12PHILLIPS ROBERT GBuy3.78K——
2026-02-12PHILLIPS ROBERT GSell4.05K——
2026-02-12Dial Christopher B.Buy30.70K——
2026-02-12Dial Christopher B.Sell12.12K$42.35513.45K
2026-02-12Dial Christopher B.Buy25.32K——
2026-02-12Dial Christopher B.Sell9.96K$42.35421.89K
2026-02-12Dial Christopher B.Buy10.01K——
2026-02-12Dial Christopher B.Sell3.94K$42.35166.82K
2026-02-12Dial Christopher B.Buy14.94K——
2026-02-12Dial Christopher B.Sell5.88K$42.35248.98K
2026-02-12Dial Christopher B.Buy10.82K——
2026-02-12Dial Christopher B.Sell4.26K$42.35180.33K
2026-02-12Dial Christopher B.Buy32.47K——
2026-02-12Dial Christopher B.Sell10.01K——
2026-02-12Dial Christopher B.Buy16.23K——
2026-02-12Dial Christopher B.Buy16.23K——
2026-02-12Dial Christopher B.Sell14.94K——
2026-02-12Dial Christopher B.Sell10.82K——
2026-02-12Dial Christopher B.Sell25.32K——
2026-02-12Dial Christopher B.Sell30.70K——
2026-02-12Owen Kenneth F.Buy3.84K——
2026-02-12Owen Kenneth F.Buy3.78K——
2026-02-12Owen Kenneth F.Sell3.84K——
2026-02-12Holderman Daniel P.Buy30.70K——
2026-02-12Holderman Daniel P.Sell12.11K$42.35513.03K
2026-02-12Holderman Daniel P.Buy25.32K——
2026-02-12Holderman Daniel P.Sell9.96K$42.35421.89K
2026-02-12Holderman Daniel P.Buy10.01K——
2026-02-12Holderman Daniel P.Sell3.94K$42.35166.82K
2026-02-12Holderman Daniel P.Buy14.94K——
2026-02-12Holderman Daniel P.Sell5.88K$42.35248.98K
2026-02-12Holderman Daniel P.Buy10.82K——
2026-02-12Holderman Daniel P.Sell4.26K$42.35180.33K
2026-02-12Holderman Daniel P.Buy35.42K——
2026-02-12Holderman Daniel P.Sell10.01K——
2026-02-12Holderman Daniel P.Buy17.71K——
2026-02-12Holderman Daniel P.Buy17.71K——
2026-02-12Holderman Daniel P.Sell14.94K——
2026-02-12Holderman Daniel P.Sell10.82K——
2026-02-12Holderman Daniel P.Sell25.32K——
2026-02-12Holderman Daniel P.Sell30.70K——
2026-02-12Green Catherine A.Buy19.92K——
2026-02-12Green Catherine A.Sell7.91K$42.35335.16K
2026-02-12Green Catherine A.Buy16.42K——
2026-02-12Green Catherine A.Sell6.46K$6,462.0041.76M
2026-02-12Green Catherine A.Buy8.01K——
2026-02-12Green Catherine A.Sell3.15K$42.35133.49K
2026-02-12Green Catherine A.Buy11.95K——
2026-02-12Green Catherine A.Sell4.70K$42.35199.21K
2026-02-12Green Catherine A.Buy7.02K——
2026-02-12Green Catherine A.Sell2.76K$42.35116.97K
2026-02-12Green Catherine A.Buy23.61K——
2026-02-12Green Catherine A.Sell8.01K——
2026-02-12Green Catherine A.Sell11.95K——
2026-02-12Green Catherine A.Buy11.81K——
2026-02-12Green Catherine A.Buy11.81K——
2026-02-12Green Catherine A.Sell7.02K——
2026-02-12Green Catherine A.Sell16.42K——
2026-02-12Green Catherine A.Sell19.92K——
2026-02-12Shults Kristen S.Buy30.70K——
2026-02-12Shults Kristen S.Sell12.13K$42.35513.58K
2026-02-12Shults Kristen S.Buy25.32K——
2026-02-12Shults Kristen S.Sell9.96K$42.35421.89K
2026-02-12Shults Kristen S.Buy10.01K——
2026-02-12Shults Kristen S.Sell3.94K$42.35166.82K
2026-02-12Shults Kristen S.Buy14.94K——
2026-02-12Shults Kristen S.Sell5.88K$42.35248.98K
2026-02-12Shults Kristen S.Buy10.82K——
2026-02-12Shults Kristen S.Sell4.26K$42.35180.33K
2026-02-12Shults Kristen S.Buy35.42K——
2026-02-12Shults Kristen S.Sell10.01K——
2026-02-12Shults Kristen S.Buy17.71K——
2026-02-12Shults Kristen S.Buy17.71K——
2026-02-12Shults Kristen S.Sell14.94K——
2026-02-12Shults Kristen S.Sell30.70K——
2026-02-12Shults Kristen S.Sell25.32K——
2026-02-12Shults Kristen S.Sell10.82K——
2026-02-12Nebreda Alejandro OSell16.30K——
2026-02-12Nebreda Alejandro OSell16.30K——
2026-02-03OCCIDENTAL PETROLEUM CORP /DE/Sell15.31M——
2025-10-28Brown Oscar KSell52.66K——
2025-10-28Brown Oscar KBuy52.66K——
2025-10-28Brown Oscar KSell20.72K$38.78803.60K
2025-05-15PHILLIPS ROBERT GBuy4.05K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 380, holders +23 vs prior quarter. Ownership 44.69%.

HolderSharesChangeChange %Value
ALPS ADVISORS INC36.63M-2.01M-5.20%1.60B
INVESCO LTD.24.12M74.73K+0.31%1.06B
MORGAN STANLEY21.23M16.68M+366.58%929.06M
BLACKSTONE INC.10.37M1.61M+18.41%453.68M
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD.8.64M-232.25K-2.62%377.98M
GOLDMAN SACHS GROUP INC8.53M-230.95K-2.64%373.17M
TORTOISE CAPITAL ADVISORS, L.L.C.6.51M-2.27M-25.89%284.71M
NEUBERGER BERMAN GROUP LLC6.19M-93.34K-1.49%270.89M
CHICKASAW CAPITAL MANAGEMENT LLC5.51M-69.37K-1.24%241.01M
KAYNE ANDERSON CAPITAL ADVISORS LP3.93M10.11K+0.26%171.90M
UBS GROUP AG3.57M-154.76K-4.16%156.11M
CLEARBRIDGE INVESTMENTS, LLC2.71M87.40K+3.33%118.65M
WESTWOOD HOLDINGS GROUP INC2.18M40.26K+1.88%95.54M
BNP PARIBAS FINANCIAL MARKETS1.99M-114.27K-5.42%87.21M
MILLER HOWARD INVESTMENTS INC /NY1.65M63.97K+4.04%72.16M
ING GROEP NV1.59M00.00%69.47M
FRACTAL INVESTMENTS LLC1.52M-53.16K-3.37%66.72M
BANK OF AMERICA CORP /DE/1.37M238.32K+21.12%59.80M
BARCLAYS PLC1.34M274.14K+25.82%58.47M
BERKLEY W R CORP1.27M00.00%55.44M
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT1.26M-417.00K-24.87%55.13M
INFRASTRUCTURE CAPITAL ADVISORS, LLC1.22M-17.70K-1.43%53.26M
RECURRENT INVESTMENT ADVISORS LLC1.13M-1.47K-0.13%49.59M
EAGLE GLOBAL ADVISORS LLC1.04M-22.50K-2.11%45.57M
STIFEL FINANCIAL CORP975.98K-7.97K-0.81%42.71M

Forecast

Consensus Hold from 15 analysts. Average price target $49.71, +9.3% versus the current price. Low $46.00. High $55.00.

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Analysts have an average 12-month price target of $49.71 for Western Midstream Partners, LP (WES), 9.5% above the current price of $45.41. Of 15 analysts covering the stock, 5 rate it Buy or Strong Buy, 9 Hold, and 1 Sell or Strong Sell, giving a consensus of Hold.

Forecasts are third-party estimates and often wrong. They are not investment advice.

WES price target

12-month price target
Low$46.00
Average$49.71
High$55.00

The average is 9.5% above the current price of $45.41.

Is Western Midstream Partners, LP a buy or sell?

Of 15 analysts, 5 rate Western Midstream Partners, LP Buy or Strong Buy, 9 Hold, and 1 Sell or Strong Sell. The consensus label is Hold. That split is not a recommendation.

Western Midstream Partners, LP earnings and revenue forecast

Analyst averages on file: 2026, EPS $3.73, revenue $4.71 billion. 2027, EPS $4.06, revenue $4.87 billion.

WES score and fair value

The Stocklytics Score for WES is 52 out of 100. It averages value, quality, and growth against a large-cap US universe. It is not a price target and not a buy or sell rating. Fair value is a separate estimate on the fair value tab.

WES forecast FAQs

What is the WES price target?

$49.71 average, with a published range of $46.00 to $55.00.

Is Western Midstream Partners, LP a buy or sell?

The consensus is Hold from 15 analysts. This is not a recommendation.

What is the Western Midstream Partners, LP stock forecast for 2026?

Analysts' average EPS estimate for 2026 on file is $3.73. The average revenue estimate is $4.71 billion.

What will WES be worth in 2030?

No reliable forecast exists that far out.

When is Western Midstream Partners, LP's next earnings report?

The next earnings date is shown on the stock page when a future report is on the calendar. This forecast does not invent a date.

Capital is at risk. Stocklytics is operated by Stocklytics Inc., a Marshall Islands company. It is not regulated by the FCA and does not give investment advice.

Western Midstream Partners (WES) Stock Forecast & Price Target

WES$45.46+0.43 +0.95%

$18.78B

Market Cap

14.03

P/E

12.19

Forward P/E

52

Score

Price History