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Western Midstream Partners, LP (WES)

Western Midstream Partners, LP brought in $4B of revenue over the twelve months to March 31, 2026, up 11.4% from a year earlier. Net income was $1.2B, a net margin of 30.2%. Operating cash flow minus capital spending left $1.5B of free cash flow in fiscal 2025. At March 31, 2026 it held $647.5M in cash against $8.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 5, 2026.

Price
$45.60
+0.55% on the day · September 25, 2026
52-week range $36.90 to $50.07
Market cap
$18.8B
Revenue (last 12 months)
$4B
+11.4% year on year
Net margin
30.2%

What Western Midstream Partners, LP does

Western Midstream Partners, LP is registered with the SEC under industry code SIC 4922 (Natural Gas Transmission). Its shares trade on NYSE under the ticker WES.

Revenue and profit by year

Revenue
FY18: $2.3B $2.3B FY18FY19: $2.7B $2.7B FY19FY20: $2.8B $2.8B FY20FY21: $2.9B $2.9B FY21FY22: $3.3B $3.3B FY22FY23: $3.1B $3.1B FY23FY24: $3.6B $3.6B FY24FY25: $3.8B $3.8B FY25
Net income
FY18: $551.6M $551.6M FY18FY19: $697.2M $697.2M FY19FY20: $527M $527M FY20FY21: $916.3M $916.3M FY21FY22: $1.2B $1.2B FY22FY23: $1B $1B FY23FY24: $1.6B $1.6B FY24FY25: $1.2B $1.2B FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$3.8B$1.6B$1.2Bn/a$1.5B
2024$3.6B$2B$1.6Bn/a$1.3B
2023$3.1B$1.4B$1Bn/a$926.3M
2022$3.3B$1.6B$1.2Bn/a$1.2B
2021$2.9B$1.3B$916.3Mn/a$1.5B
2020$2.8B$878.9M$527Mn/a$1.2B

Latest SEC filings

What Western Midstream Partners, LP has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 25, 2026
    Conflict minerals disclosure SD
  2. August 5, 2026
    Quarterly report 10-Q · period to June 30, 2026
  3. August 5, 2026
    Quarterly results 8-K
  4. July 28, 2026
    Shelf registration to sell securities S-3
  5. July 9, 2026
    Passive stake changed SCHEDULE 13G/A
  6. June 25, 2026
    Material agreement 8-K
  7. June 22, 2026
    Shelf registration to sell securities S-3ASR
  8. June 12, 2026
    Material agreement 8-K
  9. May 6, 2026
    Quarterly report 10-Q · period to March 31, 2026
  10. May 6, 2026
    Quarterly results 8-K

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 12, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about WES

What does Western Midstream Partners, LP do?

Western Midstream Partners, LP is registered with the SEC under industry code SIC 4922 (Natural Gas Transmission). Its shares trade on NYSE under the ticker WES.

Is Western Midstream Partners, LP profitable?

Yes. Over the twelve months to March 31, 2026 it reported net income of $1.2B on revenue of $4B, a net margin of 30.2%.

How much revenue does Western Midstream Partners, LP make?

Over the twelve months to March 31, 2026 Western Midstream Partners, LP reported revenue of $4B. That is 11.4% more than a year earlier.

When did Western Midstream Partners, LP last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 5, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the conflict minerals disclosure from September 25, 2026.

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Where the numbers come from

Financial figures are the values Western Midstream Partners, LP tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.