US · WES
Western Midstream Partners, LP
- Sector
- Energy · Oil & Gas Midstream
- Headquarters
- The Woodlands, TX 77380
- Website
- westernmidstream.com
Price · as of 2025-12-31
$42.16
Market cap 16.97B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $35.06 | -16.84% |
| Intrinsic Value(DCF) | $26.29 | -37.64% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | $42.18 | +0.05% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $16.16 | $102.22 | |||
| 2012 | $13.88 | $25.43 | $73.52 | $3.83 | $0.17 |
| 2013 | $18.91 | $21.03 | $15.78 | $0.00 | $22.75 |
| 2014 | $26.57 | $23.45 | $7.22 | $0.00 | $28.60 |
| 2015 | $14.17 | $16.72 | $0.00 | $0.00 | $11.94 |
| 2016 | $21.54 | $30.18 | $23.16 | $0.00 | $36.41 |
| 2017 | $17.33 | $25.46 | $34.84 | $0.00 | $54.46 |
| 2018 | $17.09 | $25.12 | $5.35 | $0.00 | $0.00 |
| 2019 | $6.45 | $21.32 | $22.17 | $0.00 | $74.58 |
| 2020 | $13.18 | $23.94 | $2.38 | $0.00 | $10.99 |
| 2021 | $16.89 | $24.37 | $18.23 | $0.00 | $26.21 |
| 2022 | $19.76 | $29.70 | $17.65 | $0.00 | $63.38 |
| 2023 | $28.28 | $28.32 | $17.44 | $0.00 | $10.47 |
| 2024 | $35.45 | $35.03 | $21.00 | $0.00 | $96.94 |
| 2025 | $42.09 | $35.06 | $14.23 | $0.00 | $42.18 |
AI valuation
Our deep-learning model estimates Western Midstream Partners, LP's (WES) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $35.06
- Current price
- $42.16
- AI upside
- -16.84%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$26.29
-37.64% upside
Graham-Dodd
—
— upside
Graham Formula
$42.18
+0.05% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| WES | Western Midstream Partner… | $42.16 | 16.97B | -17% | -38% | — | 0% | 13.87 | 4.19 | 4.39 | 10.84 | — | 6.12 | 68.46% | 41.26% | 30.43% | 33.50% | 13.97% | 8.64% | 2.22 | 4.06 | 1.34 | 1.30 | 3.52 | -2537.00% | 661.00% | 1489.00% | 8.69% | 1.77 | 13.07% | 8.49% | 117.70% | 8.49% | 15.75 | 17.05 | 6.50 | 1.57 |
| AM | Antero Midstream Corporat… | $22.48 | 10.71B | +25% | -58% | — | -43% | 26.50 | 5.55 | 8.70 | 14.93 | 733.17 | 12.19 | 65.30% | 51.20% | 32.81% | 20.22% | 9.21% | 7.02% | 1.63 | 3.39 | 3.41 | 2.60 | 3.25 | 361.00% | 699.00% | 2802.00% | 7.03% | 8.36 | 15.03% | 4.01% | 106.30% | 5.93% | 21.70 | 18.17 | 11.11 | 2.31 |
| CTRA | Coterra Energy Inc. | $30.59 | 23.29B | +12% | -29% | -33% | — | 13.97 | 1.40 | 8.72 | 4.98 | 28.50 | 1.40 | 60.41% | 89.13% | 62.41% | 11.34% | 11.56% | 7.84% | 0.01 | 11.96 | 0.09 | 0.09 | 0.03 | 4901.00% | -4962.00% | 29268.00% | 16.77% | 3.08 | 24.99% | 2.84% | 39.70% | 10.22% | 9.83 | 6.00 | 8.77 | 3.30 |
| DTM | DT Midstream, Inc. | $138.84 | 14.12B | -34% | -59% | -91% | +6% | 32.58 | 3.03 | 11.56 | 17.14 | 141.33 | 6.87 | 73.53% | 49.40% | 35.48% | 9.42% | 5.77% | 4.35% | 0.72 | 3.81 | 1.07 | 0.82 | 3.24 | 2306.00% | 2671.00% | 1864.00% | 3.41% | 3.09 | 6.06% | 2.25% | 73.50% | 2.97% | 28.86 | 36.16 | 14.26 | 2.01 |
| FTI | TechnipFMC plc | $66.31 | 27.25B | -24% | -38% | -75% | -41% | 29.24 | 8.41 | 2.85 | 19.79 | 143.22 | 9.63 | 17.35% | 9.63% | 9.70% | 29.95% | 23.75% | 9.68% | 0.60 | 9.87 | 1.13 | 0.76 | 0.67 | 2042.00% | 937.00% | 11304.00% | 5.12% | 0.36 | 35.92% | 0.29% | 8.50% | 3.54% | 30.57 | 20.21 | 2.95 | 3.38 |
| HESM | Hess Midstream LP | $38.68 | 8.13B | +95% | -58% | -51% | +21% | 13.78 | 8.55 | 3.00 | 6.97 | 92.70 | 8.55 | 63.94% | 62.18% | 21.77% | 64.22% | 20.74% | 8.27% | 6.64 | 4.47 | 0.85 | 0.81 | 3.05 | 1486.00% | 867.00% | 1482.00% | 14.98% | 5.24 | 17.47% | 0.00% | 0.00% | 0.00% | 8.56 | 11.85 | 5.32 | 1.86 |
| NXT | Nextpower Inc. | $105.10 | 15.6B | -22% | +373% | -75% | -13% | 16.35 | 5.19 | 2.86 | 11.79 | 551.02 | 7.03 | 34.09% | 21.60% | 17.21% | 39.95% | 68.17% | 18.11% | 0.00 | 48.80 | 2.09 | 1.80 | -1.17 | 297.00% | 1838.00% | 4725.00% | 7.35% | 0.63 | 83.10% | 0.00% | 0.00% | 5.20% | 12.03 | 12.37 | 2.60 | 4.13 |
| PAA | Plains All American Pipel… | $20.91 | 14.75B | -10% | -50% | +16% | — | 10.47 | 1.53 | 0.34 | 9.26 | 8.22 | 1.86 | 6.04% | 3.24% | 3.24% | 14.61% | 8.39% | 5.06% | 1.15 | 2.59 | 0.96 | 1.76 | 2.82 | 12740.00% | -1161.00% | -10000.00% | 0.00% | 0.60 | 0.00% | 0.00% | 0.00% | 6.77% | 15.06 | — | 0.49 | 2.14 |
| VG | Venture Global, Inc. | $9.69 | 23.73B | +192% | -62% | -64% | — | 12.70 | 7.66 | 4.46 | 15.66 | — | 7.66 | 66.35% | 35.46% | 31.03% | 79.24% | 6.01% | 4.85% | 10.29 | 3.02 | 1.29 | 1.12 | 8.48 | -4135.00% | -3704.00% | 22669.00% | -52.16% | 0.61 | -49.27% | 0.63% | 8.00% | 0.63% | 27.44 | -4.18 | 9.73 | 0.72 |
| VNOM | Viper Energy, Inc. | $46.54 | 16.85B | +61% | -59% | — | — | -99.75 | 1.52 | 5.04 | 7.55 | — | 1.52 | 47.92% | 43.02% | -5.05% | -2.22% | 11.32% | -0.77% | 0.49 | 6.03 | 3.72 | 3.27 | 1.83 | -11257.00% | 5656.00% | 168902.00% | -20.21% | 9.49 | -29.28% | 4.84% | -482.40% | 7.70% | 15.47 | -6.53 | 6.65 | 2.02 |
| YPF | YPF Sociedad Anónima | $35.39 | 13.89B | -6% | +59,622% | +22% | +2,429% | 7270.80 | 1.45 | 0.97 | 6.62 | — | 1.50 | 27.63% | 6.47% | 11.61% | 0.03% | 2.87% | 0.01% | 0.83 | 1.43 | 0.78 | 0.41 | 2.26 | -35671.00% | 22628.00% | -10630.00% | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.00% | 22.31 | 54137.10 | 1.44 | 1.56 |
About Western Midstream Partners, LP
Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
- CEO
- Oscar K. Brown
- Employees
- 1.51K
- Beta
- 0.73
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($26.29 ÷ $42.16) − 1 = -37.64% (DCF, example).