olivLaw · US equity research
Western Midstream Partners, LP WES
Natural Gas Transmission · SIC 4922 · Vertical: Natural Gas Transmission (SIC 4922)
Western Midstream Partners, LP (WES) is a publicly traded midstream energy partnership that gathers, treats, processes and transports natural gas, NGLs, crude oil and produced water. For fiscal 2025 total revenues and other were 3843.403 million USD and net income attributable to the partnership was 1180.983 million USD. In the second quarter of 2026 the company reported record Adjusted EBITDA of 736.5 million USD.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Western Midstream Partners, LP (WES) stock was 42.54 USD (−3.03% on the day), with market capitalisation 16.8 bn USD, P/E 13.7, dividend yield 8.77%, beta 0.41, 52-week range 38.25–49.80 USD. Latest reported quarter (Q1 2026): revenue of 1.1 bn USD (+22.5% YoY), net income of 350.3 m USD (+13.4% YoY).
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 32.4
- weak (30–45)
- Bollinger (20, 2)
- 43.21 – 46.50
- below the lower band · %B -0.20 · band width 7.3%
- SMA 50 / 200
- 46.18 / 44.18
- mixed trend
- MACD (12, 26, 9)
- -0.49 / -0.39
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.7% | −1.1% | −5.6 pp | — |
| 3 months | −7.8% | −0.5% | −7.4 pp | — |
| 6 months | +3.1% | +4.4% | −1.3 pp | — |
| Year to date | +7.7% | +12.3% | −4.6 pp | — |
| 1 year | +13.9% | +13.5% | +0.4 pp | +15.4% |
| 3 years | +48.1% | +76.4% | −28.3 pp | +79.4% |
| 5 years | +96.8% | +63.7% | +33.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2026 · 31 Mar 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 905.6 m | 883.4 m | 928.5 m | 917.1 m | 942.3 m | 952.5 m | 1.0 bn | 1.1 bn |
| Cost of revenue | 54.0 m | 32.8 m | 39.3 m | 41.5 m | 42.7 m | 51.2 m | 71.6 m | 102.9 m |
| Operating income | 469.7 m | 395.9 m | 425.7 m | 409.8 m | 444.5 m | 441.6 m | 305.6 m | 469.2 m |
| Depreciation & amortisation | 163.4 m | 166.0 m | 163.0 m | 170.5 m | 172.1 m | 170.3 m | 197.9 m | 200.4 m |
| Interest expense | 90.5 m | 94.1 m | 99.3 m | 97.3 m | 95.2 m | 92.4 m | 105.7 m | 113.4 m |
| Pre-tax income | 388.3 m | 311.3 m | 342.0 m | 320.0 m | 353.0 m | 351.0 m | 203.6 m | 362.5 m |
| Income tax | 755.0 k | 15.4 m | 444.0 k | 3.4 m | 2.2 m | 2.1 m | 7.3 m | 3.5 m |
| Net income | 378.6 m | 288.5 m | 333.6 m | 309.0 m | 341.7 m | 339.6 m | 190.7 m | 350.3 m |
| Operating cash flow | 631.4 m ≈ | 551.3 m ≈ | 554.4 m | 530.8 m | 564.0 m ≈ | 570.2 m ≈ | 557.6 m | 469.9 m |
| Dividends paid | 340.9 m ≈ | 340.9 m ≈ | 340.9 m | 341.0 m | 355.3 m ≈ | 355.3 m ≈ | 379.5 m | 379.7 m |
| Share repurchases | 0 ≈ | 0 ≈ | 0 | — | — | — | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.3 bn | 2.7 bn | 2.8 bn | 2.9 bn | 3.3 bn | 3.1 bn | 3.6 bn | 3.8 bn |
| Revenue YoY | −5.3% | +19.4% | +1.0% | +3.8% | +13.0% | −4.5% | +16.1% | +6.6% |
| Net income | 551.6 m | 697.2 m | 527.0 m | 916.3 m | 1.2 bn | 1.0 bn | 1.6 bn | 1.2 bn |
| Net income YoY | +2.0% | +26.4% | −24.4% | +73.9% | +32.8% | −16.0% | +53.9% | −24.9% |
| Diluted EPS | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 24.0% | 25.4% | 19.0% | 31.8% | 37.4% | 32.9% | 43.6% | 30.7% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 819.5 m USD
- Financial debt
- 448.8 m USD
- Net debt
- -370.7 m USD
- Equity
- unavailable USD
- Total assets
- 15.0 bn USD
- Debt / equity
- unavailable
- Current ratio
- 1.34x
- ROE
- unavailable
- ROA
- 8.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 2.8 bn | 2.9 bn | 3.3 bn | 3.1 bn | 3.6 bn | 3.8 bn | SEC (XBRL)· 18 Feb 2026verified |
| Cost of revenue | 188.1 m | 322.3 m | 420.9 m | 164.6 m | 172.3 m | 207.0 m | SEC (XBRL)· 18 Feb 2026verified |
| Gross profit | 2.6 bn ≈ | 2.6 bn ≈ | 2.8 bn ≈ | 2.9 bn ≈ | 3.4 bn ≈ | 3.6 bn ≈ | SEC (XBRL)· 18 Feb 2026derived |
| Operating income | 878.9 m | 1.3 bn | 1.6 bn | 1.4 bn | 2.0 bn | 1.6 bn | SEC (XBRL)· 18 Feb 2026verified |
| Depreciation & amortisation | 491.1 m | 551.6 m | 582.4 m | 600.7 m | 650.4 m | 710.8 m | SEC (XBRL)· 18 Feb 2026verified |
| EBITDA | 1.4 bn ≈ | 1.9 bn ≈ | 2.2 bn ≈ | 2.0 bn ≈ | 2.6 bn ≈ | 2.3 bn ≈ | SEC (XBRL)· 18 Feb 2026derived |
| Interest expense | 380.1 m | 376.5 m | 333.9 m | 348.2 m | 378.5 m | 390.5 m | SEC (XBRL)· 18 Feb 2026verified |
| Pre-tax income | 522.9 m | 934.2 m | 1.3 bn | 1.1 bn | 1.6 bn | 1.2 bn | SEC (XBRL)· 18 Feb 2026verified |
| Income tax | 6.0 m | -9.8 m | 4.2 m | 4.4 m | 18.1 m | 15.1 m | SEC (XBRL)· 18 Feb 2026verified |
| Net income | 527.0 m | 916.3 m | 1.2 bn | 1.0 bn | 1.6 bn | 1.2 bn | SEC (XBRL)· 18 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 444.9 m | 202.0 m | 286.7 m | 272.8 m | 1.1 bn | 819.5 m | SEC (XBRL)· 18 Feb 2026verified |
| Receivables | 452.7 m | 431.6 m | 548.9 m | 665.9 m | 701.2 m | 759.2 m | SEC (XBRL)· 18 Feb 2026verified |
| Current assets | 943.1 m | 684.8 m | 900.4 m | 992.4 m | 1.8 bn | 1.7 bn | SEC (XBRL)· 18 Feb 2026verified |
| Property, plant & equipment, net | 8.7 bn | 8.5 bn | 8.5 bn | 9.7 bn | 9.7 bn | 11.2 bn | SEC (XBRL)· 18 Feb 2026verified |
| Goodwill | 4.8 m | 4.8 m | 4.8 m | 4.8 m | 4.8 m | 353.3 m | SEC (XBRL)· 18 Feb 2026verified |
| Intangibles (excl. goodwill) | 776.4 m | 744.7 m | 713.1 m | 681.4 m | 649.7 m | 913.8 m | SEC (XBRL)· 18 Feb 2026verified |
| Total assets | 11.8 bn | 11.3 bn | 11.3 bn | 12.5 bn | 13.1 bn | 15.0 bn | SEC (XBRL)· 18 Feb 2026verified |
| Short-term debt | 438.9 m | 505.9 m | 215.8 m | 617.7 m | 1.0 bn | 448.8 m | SEC (XBRL)· 18 Feb 2026verified |
| Current liabilities | 960.9 m | 1.1 bn | 903.9 m | 1.3 bn | 1.7 bn | 1.2 bn | SEC (XBRL)· 18 Feb 2026verified |
| Total liabilities | 8.9 bn | 8.2 bn | 8.2 bn | 9.4 bn | 9.8 bn | 10.8 bn | SEC (XBRL)· 18 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.6 bn | 1.8 bn | 1.7 bn | 1.7 bn | 2.1 bn | 2.2 bn | SEC (XBRL)· 18 Feb 2026verified |
| Investing cash flow | -448.3 m | -257.5 m | -218.2 m | -1.6 bn | -39.2 m | -1.1 bn | SEC (XBRL)· 18 Feb 2026verified |
| Financing cash flow | -844.2 m | -1.8 bn | -1.4 bn | -67.9 m | -1.3 bn | -1.4 bn | SEC (XBRL)· 18 Feb 2026verified |
| Dividends paid | 695.8 m | 533.8 m | 735.8 m | 978.4 m | 1.2 bn | 1.4 bn | SEC (XBRL)· 18 Feb 2026verified |
| Share repurchases | 32.5 m | 217.5 m | 487.6 m | 134.6 m | 0 | 0 | SEC (XBRL)· 18 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 71 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 16.8 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet67
- Valuation67
- Quality100
- Growth48
- Returns100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 39.32 – 83.99 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/EBITDA68.25 – 82.82 (Mid 77.53)4 companies used · median multiple 12.6x · quartiles 11.1x – 13.5xET, KMI, TRGP, WMB
- Peers: P/E39.32 – 83.99 (Mid 60.46)5 companies used · median multiple 19.5x · quartiles 12.7x – 27.1xEPD, ET, KMI, TRGP, WMB
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 71/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 30.2% | 100 (vs peers) | 10% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 5.7% | 48 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -0.1x | 100 (on a fixed band) | 17% |
| Interest coverage · Balance sheet | 4.1x | 40 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.1x | 24 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 13.7x | 60 (vs peers) | 17% |
| EV/EBITDA · Valuation | 6.9x | 74 (on a fixed band) | 17% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 8.8% | 100 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet67/100 · 3/3 factors with a value
- Growth· partial48/100 · 1/2 factors with a value
- Quality· partial100/100 · 1/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation67/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Western Midstream Partners, LP (WES). Latest full fiscal year: 2025; data up to 2026-03-31.
Figures computed from the financial statements: revenue 3.8 bn USD in 2025; YoY growth 6.6%; net margin 30.2%; net debt/EBITDA -0.1x.
The estimated value range is 53.79–83.41 USD per share (median of 2 methods, agreement: same basis (multiples on one peer group, not independent confirmations)); assumptions are illustrative. Against the central value of 69.00 USD, the price of 42.54 USD leaves a potential of 62.2% (value / price − 1) and a margin of safety of 38.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 71/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, quality, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 30.2%
- Net debt / EBITDA: -0.1x
- EV/EBITDA: 6.9x
- Shareholder yield (distributions): 8.8%
- The price is below the estimated value range
What contradicts it
- Current ratio: 1.1x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, FCF yield, Payout ratio (FCF).
Versus the vertical median
Natural Gas Transmission (SIC 4922) · same industry (4-digit SIC) · compared with 5 companies
Only companies with a capitalisation between 2.2 bn and 140.1 bn (within 8× of the company's); 12 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| WMBWilliams Companies, Inc. | 83.0 bn | 27.1 | 24.0% | 25.2% | +13.8% | +11% / +84% |
| EPDEnterprise Products Partners L.P. | 79.3 bn | 12.6 | — | 10.8% | −6.4% | +12% / +37% |
| KMIKinder Morgan, Inc. | 70.2 bn | 19.5 | 11.6% | 19.6% | +12.2% | +15% / +79% |
| ETEnergy Transfer LP | 67.0 bn | 12.7 | — | 4.9% | +3.5% | +16% / +40% |
| TRGPTarga Resources Corp. | 61.1 bn | 27.2 | 72.6% | 13.5% | +3.9% | +63% / +215% |
| WESWestern Midstream Partners, LP | 16.8 bn | 13.7 | — | 30.2% | +6.6% | +14% / +48% |
1- and 3-year price returns: for WES from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 25.46 Total return -40% · Per year -40% | 44.98 Total return 6% · Per year 6% | 67.71 Total return 59% · Per year 59% |
| 3 years | 25.32 Total return -40% · Per year -16% | 50.28 Total return 18% · Per year 6% | 83.02 Total return 95% · Per year 25% |
| 5 years | 25.19 Total return -41% · Per year -10% | 56.21 Total return 32% · Per year 6% | 101.80 Total return 139% · Per year 19% |
- Exit P/E± 12.57
- Net margin± 8.80
- Annual revenue growth± 7.14
- Annual dilution± 0.74
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
In brief
Western Midstream Partners, LP (WES) is a publicly traded midstream energy partnership that gathers, treats, processes and transports natural gas, NGLs, crude oil and produced water. For fiscal 2025 total revenues and other were 3843.403 million USD and net income attributable to the partnership was 1180.983 million USD 1. In the second quarter of 2026 the company reported record Adjusted EBITDA of 736.5 million USD 3.
SWOT
Strengths
- Fee-based contracts provide relatively stable revenue, with nearly all volumes contracted on long-term terms.
- The Delaware Basin position was strengthened by recent acquisitions, including Brazos Delaware.
- The company reported record Adjusted EBITDA and raised its 2026 guidance.
Weaknesses
- Heavy reliance on one major customer, Occidental, which also owns the general partner.
- Higher debt after recent acquisitions could limit financial flexibility.
- Capital needs for new projects reduce cash flow available for distributions.
Opportunities
- Growth in produced water and its reuse could open new revenue streams.
- New contracts in the Powder River Basin could support volume growth in 2027.
- Strategic bolt-on acquisitions could extend geographic coverage.
Threats
- A decline in producer drilling activity could reduce throughput over the medium term.
- A possible credit-rating downgrade could raise borrowing costs.
- Rules on hydraulic fracturing and oil and gas development could limit customer activity.
Risks
- Dependence on Occidentalhigh
Occidental generates a majority of revenues and owns the general partner, which could create conflicts of interest 1.
- Natural production declinemedium
Output from existing wells declines over time, so the company must keep attracting new volumes to sustain revenue 1.
- Cost of capitalmedium
A possible rating downgrade could raise debt costs and trigger collateral requirements under contracts 1.
- Energy pricesmedium
Sustained low or volatile prices could reduce producer activity and transported volumes 1.
- Integration of acquisitionslow
Integrating Aris and Brazos Delaware could present operational or financial difficulties 23.
Investment thesis
What would need to be true (bull case)
- If Delaware producers raise activity in the second half of the year, gas and produced-water volumes could support revenue growth into 2027 3.
- Fee-based contracts and fixed-recovery NGL terms could keep revenue relatively steady through volatile periods 13.
- Growth in produced-water reuse could open an additional path to longer-term margin expansion 3.
What would break the thesis
- Heavy dependence on one customer could magnify the effect of a cut in that customer's activity 1.
- Higher debt after recent acquisitions could limit the company's ability to fund projects without pressure on distributions 2.
- If energy prices fall, producers could reduce drilling and transported volumes could decline 1.
What to watch
- Delivery against the revised 2026 Adjusted EBITDA guidancenext 10-K
- Delaware Basin throughput versus the pace expected for the second half of 2026Q3 2026
- Start-up of the Pathfinder produced-water pipelineQ1 2027
- Start-up of the North Loving II processing trainQ2 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
The business
WES operates three streams: natural gas, crude oil and NGLs, and produced water, with assets in Texas, New Mexico and the Rocky Mountains including Colorado, Utah and Wyoming 1. The business is concentrated in West Texas, New Mexico and the Rocky Mountains, and 97% of wellhead gas volume was serviced under fee-based contracts in 2025 1. The Brazos Delaware acquisition closed in mid-June 2026, extending the footprint across the core of the Delaware Basin 23.
Segments
Market context
Midstream demand in the Permian and Rocky Mountain basins depends on producer drilling, particularly Occidental, which accounted for 60% of WES revenues in 2025 1. Higher energy prices in the second half of 2026 have encouraged Delaware producers to raise activity, which could support volume growth in 2027 3.
Trends
- Growth in produced watertailwind
Record produced-water volumes in the Delaware Basin suggest the stream could become a margin driver over the medium term 3.
- Higher energy pricesmixed
Higher prices raised the contribution of fixed-recovery NGL contracts, while commodity exposure remains through some contracts 23.
- Dependence on Occidentalheadwind
Customer concentration could limit growth if Occidental reduces activity in areas served by WES 1.
- Consolidation through acquisitionsmixed
The Aris and Brazos Delaware deals extend the footprint but also add debt and pressure on the cost of capital 12.
Competitive position
WES competes with other midstream companies in the same basins, and customers, including Occidental, could build their own systems instead of using WES assets 1. Competition could make it harder to attract new volumes from non-dedicated wells.
- Permian midstream operators
Midstream companies active in the same areas could win new volumes, as the company describes in its risk factors 1.
- Producers building their own infrastructure
Customers may develop their own midstream systems in place of WES, which would reduce available volumes 1.
- Produced-water service providers
Competition in produced water covers recycling, treating and disposal, an area where WES is expanding projects 3.
- Other natural-gas processors
Competition for natural-gas volumes in the Delaware and DJ basins could intensify in coming years 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report04 Nov 2026
- Current report04 Nov 2026Results of operations · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report25 Jun 2026Material agreement · Creation of a direct financial obligation · Other events · Financial statements and exhibits
- Current report12 Jun 2026Material agreement · Item 3.02 · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report06 May 2026
- Current report06 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Annual report18 Feb 2026
- Current report18 Feb 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Western Midstream Partners, LP · 18 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Western Midstream Partners, LP · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Western Midstream Partners, LP · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.