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Western Midstream Partners, LP WES NYSE

NYSE • Energy • Oil & Gas Midstream • US • USD

SharesGrow Score
67/100
4/7 Pass
SharesGrow Intrinsic Value
$66.42
+63.3%
Analyst Price Target
$41.00
+0.8%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Western Midstream Partners, LP (WES) trades at a trailing P/E of 14.3, forward P/E of 12.2. Trailing earnings yield is 7.02%, forward earnings yield 8.18%. PEG 1.13. Graham Number is $26.14.

Criteria proven by this page:

  • VALUE (68/100, Pass) — P/E is below market average (14.3); earnings yield beats bond yields (7.02%).
  • Forward P/E 12.2 (down from trailing 14.3) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 1.13 — between 1.0–2.0 indicates moderate valuation relative to growth.
  • Trailing Earnings Yield 7.02% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 8.18% as earnings recover.
  • Analyst consensus target $41.00 (+0.8% upside) — modest upside expected.

Overall SharesGrow Score: 67/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score
67/100
SG Score
View full scorecard →
VALUE
68/100
Price-to-Earnings & upside
Proven by this page
FUTURE
34/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
HEALTH
33/100
Debt-to-Equity & liquidity
→ Health
MOAT
76/100
→ Income
~
GROWTH
55/100
→ Income
INCOME
100/100
→ Income

Valuation Snapshot — WES

Valuation Multiples
P/E (TTM)14.3
Forward P/E12.2
PEG Ratio1.13
Forward PEG1.13
P/B Ratio4.15
P/S Ratio4.42
EV/EBITDA10.9
Per Share Data
EPS (TTM)$2.92
Forward EPS (Est.)$3.32
Book Value / Share$10.40
Revenue / Share$9.60
FCF / Share$3.73
Yields & Fair Value
Earnings Yield7.02%
Forward Earnings Yield8.18%
Dividend Yield8.74%
Graham Number$26.14
SharesGrow IV$66.42 (+63.3%)
Analyst Target$41.00 (+0.8%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 26.8 0.09 8.85 5.14 4.03%
2017 21.6 1.74 7.67 3.62 5.43%
2018 16.4 -9.42 2.59 3.05 8.28%
2019 11.7 -19.84 2.56 2.98 11.84%
2020 11.4 -0.38 2.18 2.17 12.82%
2021 10.0 0.12 3.10 3.18 5.83%
2022 8.7 0.23 3.57 3.26 6.94%
2023 11.0 -0.83 3.87 3.61 10.19%
2024 9.3 0.17 4.52 4.05 8.70%
2025 13.5 -0.53 3.93 4.12 9.05%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $1.53 $1.8B $345.77M 19.2%
2017 $1.72 $2.25B $376.61M 16.8%
2018 $1.69 $1.99B $369.43M 18.6%
2019 $1.68 $2.75B $697.24M 25.4%
2020 $1.18 $2.77B $527.01M 19%
2021 $2.18 $2.88B $916.29M 31.8%
2022 $3.00 $3.25B $1.22B 37.4%
2023 $2.60 $3.11B $998.53M 32.1%
2024 $4.02 $3.61B $1.57B 43.6%
2025 $3.00 $3.84B $1.17B 30.4%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $3.31 $2.98 – $3.88 $4.1B $3.96B – $4.23B 6
2027 $3.62 $3.30 – $3.88 $4.32B $4.12B – $4.51B 5
2028 $3.92 $3.35 – $4.28 $4.39B $4.26B – $4.5B 4
2029 $4.26 $3.89 – $4.49 $4.59B $4.28B – $4.78B 2
2030 $4.30 $3.92 – $4.53 $4.8B $4.47B – $5B 2
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