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Western Midstream Partners, LP (WES)

Energy | Oil & Gas Midstream | The Woodlands, United States | NYSE
48.30 USD +0.49 (1.025%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 48.33 +0.03 (0.072%) ⇧ (Aug. 28, 2026, 7:30 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★★☆☆Dividends:★⯪☆☆☆
Hot Take | Aug. 22, 2026, 2:56 a.m. EDT

The most critical signal here is the unsustainable payout ratio of 116%, which immediately caps the dividend rating as a token payout rather than a reliable income stream. While the 7.65% yield looks attractive on the surface, the company is paying out more than it earns, signaling potential distress or aggressive capital allocation that threatens future distributions. Fundamentally, the business shows signs of life with a 30% revenue growth and a return on equity of 34%, supported by a fortress-like balance sheet and a multi-year price trajectory that is finally turning positive after a decade of volatility. However, the short-term outlook remains cautious; the options market is screaming for protection with massive put walls, while the statistical forecast offers almost no directional edge. This creates a tense situation where the long-term business quality is improving, but the immediate risk profile and dividend reliability remain poor.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.035056
AutoARIMA0.036496
AutoETS0.036496
MSTL0.040180

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 47%
H-stat 16.64
Ljung-Box p 0.000
Jarque-Bera p 0.253
Excess Kurtosis -1.20
Attribute Value
Sector Energy
Ex Dividend Date 2026-07-30
Last Dividend Date 2026-07-30
Debt to Equity Ratio 207.376
Revenue per Share 10.974
Market Cap 19,956,332,544
Trailing P/E 15.14
Forward P/E 12.55
Beta 0.66
Profit Margins 29.00%
Website https://www.westernmidstream.com

As of Aug. 22, 2026, 2:56 a.m. EDT: Speculators are positioning defensively with heavy put volume and open interest concentrated at strikes significantly below the current price (39, 40, 37, 33), creating a substantial 'floor' against downside. Conversely, call activity is muted and focused near-the-money or slightly out-of-the-money, indicating a lack of aggressive bullish conviction despite the recent price recovery. Implied volatility is elevated on deep out-of-the-money puts relative to calls, suggesting fear of a sharp drop outweighs expectations of a rapid surge.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.00% 8.90% 9.06% 8.57%
Dividend History
Date Dividend Yield %
2026-07-31 0.930 1.996994
2026-05-01 0.930 2.205882
2026-02-02 0.910 2.268195
2025-10-31 0.910 2.428609
2025-08-01 0.910 2.310818
2025-05-02 0.910 2.504817
2025-02-03 0.875 2.155172
2024-11-01 0.875 2.384846
2024-08-01 0.875 2.212949
2024-04-30 0.875 2.565983
2024-01-31 0.575 2.001392
2023-10-31 0.575 2.143123
2023-07-28 0.563 2.003559
2023-04-28 0.856 3.233850
2023-01-31 0.500 1.850481
2022-10-28 0.500 1.759944
2022-07-29 0.500 1.866368
2022-04-29 0.500 2.066970
2022-01-28 0.327 1.394456
2021-10-29 0.323 1.520000
2021-07-29 0.319 1.554581
2021-04-29 0.315 1.549434
2021-01-29 0.311 2.111337
2020-10-29 0.311 3.769697
2020-07-30 0.311 3.358531
2020-04-30 0.311 3.582949
2020-01-30 0.622 3.667453
2019-10-31 0.620 2.916275
2019-07-30 0.618 2.026230
2019-04-30 0.610 1.931602
2019-01-31 0.603 1.910041
2018-10-30 0.595 2.059536
2018-07-31 0.583 1.585532
2018-05-01 0.569 1.687926
2017-11-01 0.538 1.384457
2017-07-27 0.528 1.285610
2017-04-27 0.491 1.106354
2017-01-31 0.463 1.031870
2016-10-27 0.448 1.021199
2016-07-28 0.434 1.166667
2016-04-28 0.424 1.017274
2016-01-28 0.404 1.474453
2015-10-29 0.381 0.915865
2015-07-29 0.364 0.630412
2015-04-28 0.343 0.536189
2015-01-29 0.313 0.546343
2014-10-29 0.291 0.466047
2014-07-29 0.271 0.463962
2014-04-28 0.250 0.521376
2014-01-29 0.231 0.563277
2013-10-29 0.214 0.556567
2013-07-29 0.198 0.495372
2013-04-26 0.179 0.517042
2013-01-30 0.036 0.107784
Additional Data
dividendRate 3.72
dividendYield 7.78
exDividendDate 2026-07-31
trailingAnnualDividendRate 3.68
trailingAnnualDividendYield 0.076971345
lastDividendValue 0.93
lastDividendDate 2026-07-31
dividendDate 2026-08-14

Info Dump

Attribute Value
52 Week Change 0.22904885
Address1 9,950 Woodloch Forest Drive
Address2 Suite 2800
All Time High 66.24
All Time Low 2.9
Ask 48.35
Ask Size 200
Average Analyst Rating 2.5 - Buy
Average Daily Volume10 Day 745,640
Average Daily Volume3 Month 867,256
Average Volume 867,256
Average Volume10Days 745,640
Beta 0.657
Bid 48.06
Bid Size 600
Book Value 8.537
City The Woodlands
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 48.3
Current Ratio 0.911
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 48.3
Day Low 47.74
Debt To Equity 207.376
Dividend Date 1,786,665,600
Dividend Rate 3.72
Dividend Yield 7.78
Earnings Call Timestamp End 1,786,024,800
Earnings Call Timestamp Start 1,786,024,800
Earnings Growth 0.138
Earnings Quarterly Growth 0.183
Earnings Timestamp 1,785,960,000
Earnings Timestamp End 1,793,736,000
Earnings Timestamp Start 1,793,736,000
Ebitda 2,502,908,928
Ebitda Margins 0.57773995
Enterprise To Ebitda 11.638
Enterprise To Revenue 6.724
Enterprise Value 29,128,929,280
Eps Current Year 3.72132
Eps Forward 3.84902
Eps Trailing Twelve Months 3.19
Esg Populated 0
Ex Dividend Date 1,785,456,000
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 46.1822
Fifty Day Average Change 2.1177979
Fifty Day Average Change Percent 0.045857448
Fifty Two Week Change Percent 22.904884
Fifty Two Week High 50.07
Fifty Two Week High Change -1.7700005
Fifty Two Week High Change Percent -0.03535052
Fifty Two Week Low 36.9
Fifty Two Week Low Change 11.399998
Fifty Two Week Low Change Percent 0.308943
Fifty Two Week Range 36.9 - 50.07
Financial Currency USD
First Trade Date Milliseconds 1,355,149,800,000
Five Year Avg Dividend Yield 7.62
Float Shares 261,828,740
Forward Eps 3.84902
Forward P E 12.548649
Free Cashflow 866,982,976
Full Exchange Name NYSE
Full Time Employees 1,704
Fullday Change 0.489998
Fullday Change Percent 1.02489
Fullday Price 48.3349
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.68666
Gross Profits 2,974,787,072
Has Pre Post Market Data 1
Held Percent Insiders 0.36585
Held Percent Institutions 0.43660998
Implied Shares Outstanding 413,174,593
Industry Oil & Gas Midstream
Industry Disp Oil & Gas Midstream
Industry Key oil-gas-midstream
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,785,456,000
Last Dividend Value 0.93
Last Fiscal Year End 1,767,139,200
Long Business Summary Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company 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 of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. 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.
Long Name Western Midstream Partners, LP
Market us_market
Market Cap 19,956,332,544
Market State CLOSED
Max Age 86,400
Message Board Id finmb_223971217
Most Recent Quarter 1,782,777,600
Net Income To Common 1,256,184,960
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 20,187,066,537
Number Of Analyst Opinions 12
Open 48.01
Operating Cashflow 2,132,493,952
Operating Margins 0.41667998
Payout Ratio 1.1582
Phone 346 786 5000
Post Market Change 0.034900665
Post Market Change Percent 0.07225811
Post Market Price 48.3349
Post Market Time 1,787,959,804
Previous Close 47.81
Price Eps Current Year 12.979265
Price Hint 2
Price To Book 5.6577253
Price To Sales Trailing12 Months 4.6064453
Profit Margins 0.28996
Quick Ratio 0.87
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.5
Region US
Regular Market Change 0.489998
Regular Market Change Percent 1.02489
Regular Market Day High 48.3
Regular Market Day Low 47.74
Regular Market Day Range 47.74 - 48.3
Regular Market Open 48.01
Regular Market Previous Close 47.81
Regular Market Price 48.3
Regular Market Time 1,787,947,203
Regular Market Volume 426,794
Return On Assets 0.07492
Return On Equity 0.34113
Revenue Growth 0.3
Revenue Per Share 10.974
Sand P52 Week Change 0.20504117
Sector Energy
Sector Disp Energy
Sector Key energy
Shares Outstanding 413,174,593
Shares Percent Shares Out 0.0171
Shares Short 7,060,804
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 7,511,598
Short Name Western Midstream Partners, LP
Short Percent Of Float 0.0269
Short Ratio 8.16
Source Interval 15
State TX
Symbol WES
Target High Price 58.0
Target Low Price 41.0
Target Mean Price 48.16667
Target Median Price 47.0
Total Cash 104,766,000
Total Cash Per Share 0.254
Total Debt 9,129,011,200
Total Revenue 4,332,262,912
Tradeable 0
Trailing Annual Dividend Rate 3.68
Trailing Annual Dividend Yield 0.076971345
Trailing Eps 3.19
Trailing P E 15.141066
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 42.6232
Two Hundred Day Average Change 5.6768
Two Hundred Day Average Change Percent 0.13318568
Type Disp Equity
Volume 426,794
Website https://www.westernmidstream.com
Zip 77,380