InsiderClue
Stocks · Energy · Natural Gas Transmission

Western Midstream Partners, LP

WES Clue Score66
United States Fiscal year ends December CIK 0001423902
$45.62 -0.44% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $45.62 +106.05% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1.80Operating income0.70Net income0.35Fiscal year 2017Revenue2.43 +34.7%Operating income0.80Net income0.54 +56.4%Fiscal year 2018Revenue2.31 −5.1%Operating income0.86Net income0.55 +2.0%Fiscal year 2019Revenue2.75 +19.1%Operating income1.23Net income0.70 +26.4%Fiscal year 2020Revenue2.55 −7.2%Operating income0.88Net income0.53 −24.4%Fiscal year 2021Revenue2.70 +5.9%Operating income1.34Net income0.92 +73.9%Fiscal year 2022Revenue3.25 +20.5%Operating income1.59Net income1.22 +32.8%Fiscal year 2023Revenue3.11 −4.5%Operating income1.38Net income1.02 −16.0%Fiscal year 2024Revenue3.60 +16.1%Operating income1.97Net income1.57 +53.9%Fiscal year 2025Revenue3.84 +6.6%Operating income1.60Net income1.18 −24.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.80 2.43 2.31 2.75 2.55 2.70 3.25 3.11 3.60 3.84
Growth +34.7% −5.1% +19.1% −7.2% +5.9% +20.5% −4.5% +16.1% +6.6%
Operating income 0.70 0.80 0.86 1.23 0.88 1.34 1.59 1.38 1.97 1.60
Net income 0.35 0.54 0.55 0.70 0.53 0.92 1.22 1.02 1.57 1.18
Growth +56.4% +2.0% +26.4% −24.4% +73.9% +32.8% −16.0% +53.9% −24.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin39.0%Net margin19.2%Fiscal year 2017Operating margin33.0%Net margin22.3%Fiscal year 2018Operating margin37.4%Net margin23.9%Fiscal year 2019Operating margin44.9%Net margin25.4%Fiscal year 2020Operating margin34.5%Net margin20.7%Fiscal year 2021Operating margin49.5%Net margin34.0%Fiscal year 2022Operating margin48.8%Net margin37.4%Fiscal year 2023Operating margin44.4%Net margin32.9%Fiscal year 2024Operating margin54.7%Net margin43.7%Fiscal year 2025Operating margin41.7%Net margin30.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 39.0% 33.0% 37.4% 44.9% 34.5% 49.5% 48.8% 44.4% 54.7% 41.7%
Net margin 19.2% 22.3% 23.9% 25.4% 20.7% 34.0% 37.4% 32.9% 43.7% 30.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow0.91Dividends paid−0.37Fiscal year 2017Operating cash flow1.04Dividends paid−0.44Fiscal year 2018Operating cash flow1.35Buybacks0.00Dividends paid−0.50Fiscal year 2019Operating cash flow1.32Buybacks0.00Dividends paid−0.97Fiscal year 2020Operating cash flow1.64Buybacks−0.03Dividends paid−0.70Fiscal year 2021Operating cash flow1.77Buybacks−0.22Dividends paid−0.53Fiscal year 2022Operating cash flow1.70Buybacks−0.49Dividends paid−0.74Fiscal year 2023Operating cash flow1.66Buybacks−0.13Dividends paid−0.98Fiscal year 2024Operating cash flow2.14Buybacks0.00Dividends paid−1.25Fiscal year 2025Operating cash flow2.22Buybacks0.00Dividends paid−1.43
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.91 1.04 1.35 1.32 1.64 1.77 1.70 1.66 2.14 2.22
Buybacks n/a n/a 0.00 0.00 −0.03 −0.22 −0.49 −0.13 0.00 0.00
Dividends paid −0.37 −0.44 −0.50 −0.97 −0.70 −0.53 −0.74 −0.98 −1.25 −1.43

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.36Total debt3.12Net cash (debt)−2.76Fiscal year 2017Cash0.08Total debt3.49Net cash (debt)−3.41Fiscal year 2018Cash0.09Total debt4.79Net cash (debt)−4.70Fiscal year 2019Cash0.10Total debt7.95Net cash (debt)−7.85Fiscal year 2020Cash0.44Fiscal year 2021Cash0.20Fiscal year 2022Cash0.29Fiscal year 2023Cash0.27Fiscal year 2024Cash1.09Fiscal year 2025Cash0.82
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.36 0.08 0.09 0.10 0.44 0.20 0.29 0.27 1.09 0.82
Total debt 3.12 3.49 4.79 7.95 n/a n/a n/a n/a n/a n/a
Net cash (debt) −2.76 −3.41 −4.70 −7.85 n/a n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.36 0.08 0.09 0.10 0.44 0.20 0.29 0.27 1.09 0.82
0.19 0.16 0.22 0.26 0.45 0.43 0.55 0.67 0.70 0.76
5.05 5.73 8.41 9.06 8.71 8.51 8.54 9.66 9.71 11.22
0.42 0.42 0.45 0.45 0.00 0.00 0.00 0.00 0.00 0.35
7.74 8.02 11.46 12.35 11.83 11.27 11.27 12.47 13.14 15.00
Growth +3.6% +42.9% +7.8% −4.2% −4.7% −0.0% +10.6% +5.4% +14.1%
Liabilities
3.12 3.49 4.79 7.95 n/a n/a n/a n/a n/a n/a
calc 3.12 3.49 4.79 7.95 n/a n/a n/a n/a n/a n/a
3.63 4.07 6.56 9.00 8.93 8.18 8.16 9.44 9.77 10.84
Per share and net cash
calc −2.76 −3.41 −4.70 −7.85 n/a n/a n/a n/a n/a n/a
218.9 218.9 218.9 444.0 413.1 403.5 384.9 380.5 381.3 393.7

Lines marked calc are worked out here from filed figures; point at one for how.