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Western Midstream Partners, LP (WES) stock

WESNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 8/3019% below fair value
$46.39+0.57 (+1.24%)

Close on Oct 30, 2026Market cap $19.17BP/E –Yield –

Earnings

Western Midstream Partners, LP's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 3, 2026
Q3 FY2026 · estimated, after the close
Revenue, Q2 FY2026
$1.22B
+30.0% on a year earlier
EPS, Q2 FY2026
$0.99
$0.87 a year earlier
Latest guidance
Issued
Aug 5, 2026 · 3 items

Quarterly results

Revenue and earnings per share from each of Western Midstream Partners, LP's earnings releases, newest first

QuarterReportedRevenueYoYEPSSource
Q3 FY2026ended Sep 30, 2026Nov 3, 2026Expected––––
Q2 FY2026ended Jun 30, 2026Aug 5, 2026after the close$1.22B+30.0%$0.99Release
Q1 FY2026ended Mar 31, 2026May 6, 2026after the close–––Release
Q4 FY2025ended Dec 31, 2025Feb 18, 2026after the close–––Release
Q3 FY2025ended Sep 30, 2025Nov 4, 2025after the close$952.48M+7.8%$0.87Release
Q2 FY2025ended Jun 30, 2025Aug 6, 2025after the close$942.32M–$0.87Release
Q1 FY2025ended Mar 31, 2025May 7, 2025after the close$917.12M+3.3%$0.79Release
Q4 FY2024ended Dec 31, 2024Feb 26, 2025after the close$928.50M+8.2%$0.85Release
Q3 FY2024ended Sep 30, 2024Nov 6, 2024after the close$883.36M+13.8%$0.74Release
Q2 FY2024ended Jun 30, 2024Aug 7, 2024after the close––$0.97Release
Q1 FY2024ended Mar 31, 2024May 8, 2024after the close$887.73M+20.9%$1.47Release
Q4 FY2023ended Dec 31, 2023Feb 21, 2024after the close$858.21M–$0.74Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Western Midstream Partners, LP's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Adjusted EBITDAnon-GAAPFY2026$2.75B – $2.95B–NewAug 5, 2026
Adjusted EBITDAnon-GAAPFY2026$2.50B – $2.70B$2.50B – $2.70BReaffirmedMay 6, 2026
Free Cash Flownon-GAAPFY2026$1.10B – $1.30B–NewAug 5, 2026
total capital expendituresFY2026$850.00M – $1.00M$850.00M – $1.00MReaffirmedMay 6, 2026
Distributable Cash Flownon-GAAPFY2026$2.05B – $2.25B–NewAug 5, 2026
Distributable Cash Flownon-GAAPFY2026$1.85B – $2.05B–ReaffirmedMay 6, 2026
Distributable Cash Flow (“DCF”)non-GAAPFY2026$1.85B – $2.05B–NewFeb 18, 2026
Distributable Cash Flow (“DCF”) per unitnon-GAAPFY2026$4.59 – $5.08–NewFeb 18, 2026

Guidance history

Every forecast Western Midstream Partners, LP put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Aug 5, 2026Adjusted EBITDAFY2026$2.75B – $2.95BNew
Aug 5, 2026Free Cash FlowFY2026$1.10B – $1.30BNew
Aug 5, 2026Distributable Cash FlowFY2026$2.05B – $2.25BNew
May 6, 2026total capital expendituresFY2026$850.00M – $1.00MReaffirmed
May 6, 2026Adjusted EBITDAFY2026$2.50B – $2.70BReaffirmed
May 6, 2026Distributable Cash FlowFY2026$1.85B – $2.05BReaffirmed
Feb 18, 2026total capital expenditureFY2026$850.00M – $1.00MNew
Feb 18, 2026Adjusted EBITDAFY2026$2.50B – $2.70BNew
Feb 18, 2026Distributable Cash Flow (“DCF”)FY2026$1.85B – $2.05BNew
Feb 18, 2026Distributable Cash Flow (“DCF”) per unitFY2026$4.59 – $5.08New
Nov 4, 2025total capital expendituresFY2025$625.00M – $775.00MReaffirmed
Nov 4, 2025Adjusted EBITDAFY2025$2.35B – $2.55BReaffirmed
Nov 4, 2025Free Cash FlowFY2025$1.28B – $1.48BReaffirmed
Aug 6, 2025total capital expendituresFY2025$625.00M – $775.00MNew
Aug 6, 2025Adjusted EBITDAFY2025$2.35B – $2.55BNew
Aug 6, 2025Free Cash FlowFY2025$1.28B – $1.48BNew
May 7, 2025capital expendituresFY2025$625.00M – $775.00MNew
Nov 6, 2024Adjusted EBITDAFY2024$2.20B – $2.40BNew
Nov 1, 2023Adjusted EBITDAFY2023$1.95B – $2.05BReaffirmed
Aug 8, 2023Total capital expendituresFY2023$700.00M – $800.00MRaised

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Western Midstream Partners, LP filed with the SEC as exhibits to Form 8-K or 6-K

  1. Western Midstream Announces Second-Quarter 2026 Results and Revised Full-year Guidance
    Results
  2. Western Midstream Announces Closing of Brazos Delaware Acquisition
    Update
  3. Western Midstream Announces First-Quarter 2026 Results
    Results
  4. Western Midstream Announces Acquisition of Brazos Delaware
    Results
  5. Western Midstream Announces Record Fourth-Quarter
    Results
  6. WESTERN MIDSTREAM ANNOUNCES DELAWARE BASIN NATURAL-GAS CONTRACT AMENDMENTS IN EXCHANGE FOR COMMON UNITS
    Update
  7. Quarterly results release
    Results
  8. WESTERN MIDSTREAM COMPLETES ACQUISITION OF ARIS WATER SOLUTIONS
    Update
  9. EXECUTING ON CORE GROWTH STRATEGY AND
    Results
  10. WESTERN MIDSTREAM TO ACQUIRE ARIS WATER SOLUTIONS
    Results
  11. Strategic Delaware Basin Acquisition of Aris Water Solutions August 6, 2025
    Results
  12. Quarterly results release
    Results
  13. FOURTH-QUARTER AND FULL-YEAR 2024 RESULTS
    Results
  14. PATHFINDER PIPELINE, EXPANSION OF DELAWARE BASIN PRODUCED-WATER SYSTEM, AND 2025 GUIDANCE
    Results
  15. with system operability above 98-percent, despite multiple plant turnarounds in several of our core operating basins.
    Results