Western Midstream Partners, LP (WES) stock
WESNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 9/3025% below fair value
$42.23+0.45 (+1.08%)
Close on Nov 13, 2026Market cap $17.45BP/E –Yield –
Western Midstream Partners, LP profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Western Midstream Partners, LP's profit margin for the twelve months ending Sep 30, 2026 was 27.9%. For fiscal 2025 it was 30.7%, against 43.6% the year before. The highest annual figure on record is 43.6% in fiscal 2024.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 30.7% | −12.9 |
| FY2024 | Dec 31, 2024 | 43.6% | +10.7 |
| FY2023 | Dec 31, 2023 | 32.9% | −4.5 |
| FY2022 | Dec 31, 2022 | 37.4% | +5.6 |
| FY2021 | Dec 31, 2021 | 31.8% | +12.8 |
| FY2020 | Dec 31, 2020 | 19.0% | −6.4 |
| FY2019 | Dec 31, 2019 | 25.4% | +1.4 |
| FY2018 | Dec 31, 2018 | 24.0% | +1.7 |
| FY2017 | Dec 31, 2017 | 22.3% | +3.1 |
| FY2016 | Dec 31, 2016 | 19.2% | +9.7 |
| FY2015 | Dec 31, 2015 | 9.4% | −9.3 |
| FY2014 | Dec 31, 2014 | 18.8% | +3.7 |
| FY2013 | Dec 31, 2013 | 15.1% | +8.2 |
| FY2012 | Dec 31, 2012 | 6.9% | −4.0 |
| FY2011 | Dec 31, 2011 | 10.8% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 27.8% | −7.9 |
| Q2 FY2026 | Jun 30, 2026 | 33.0% | −3.3 |
| Q1 FY2026 | Mar 31, 2026 | 31.2% | −2.5 |
| Q4 FY2025 | Dec 31, 2025 | 18.5% | −17.4 |
| Q3 FY2025 | Sep 30, 2025 | 35.7% | +3.0 |
| Q2 FY2025 | Jun 30, 2025 | 36.3% | −5.6 |
| Q1 FY2025 | Mar 31, 2025 | 33.7% | −30.8 |
| Q4 FY2024 | Dec 31, 2024 | 35.9% | +2.3 |
| Q3 FY2024 | Sep 30, 2024 | 32.7% | −3.1 |
| Q2 FY2024 | Jun 30, 2024 | 41.8% | +7.6 |
| Q1 FY2024 | Mar 31, 2024 | 64.5% | +36.8 |
| Q4 FY2023 | Dec 31, 2023 | 33.6% | −9.6 |
| Q3 FY2023 | Sep 30, 2023 | 35.7% | +4.0 |
| Q2 FY2023 | Jun 30, 2023 | 34.3% | −0.7 |
| Q1 FY2023 | Mar 31, 2023 | 27.7% | −13.0 |
| Q4 FY2022 | Dec 31, 2022 | 43.1% | +9.3 |
| Q3 FY2022 | Sep 30, 2022 | 31.7% | −1.8 |
| Q2 FY2022 | Jun 30, 2022 | 35.0% | +2.8 |
| Q1 FY2022 | Mar 31, 2022 | 40.7% | +13.2 |
| Q4 FY2021 | Dec 31, 2021 | 33.9% | −6.9 |
| Q3 FY2021 | Sep 30, 2021 | 33.5% | −2.8 |
| Q2 FY2021 | Jun 30, 2021 | 32.2% | −8.5 |
| Q1 FY2021 | Mar 31, 2021 | 27.5% | +60.7 |
| Q4 FY2020 | Dec 31, 2020 | 40.8% | +1.0 |
| Q3 FY2020 | Sep 30, 2020 | 36.3% | +18.1 |
| Q2 FY2020 | Jun 30, 2020 | 40.6% | +15.9 |
| Q1 FY2020 | Mar 31, 2020 | -33.1% | −50.8 |
| Q4 FY2019 | Dec 31, 2019 | 39.8% | +15.5 |
| Q3 FY2019 | Sep 30, 2019 | 18.2% | −7.5 |
| Q2 FY2019 | Jun 30, 2019 | 24.8% | +5.4 |
| Q1 FY2019 | Mar 31, 2019 | 17.7% | −8.6 |
| Q4 FY2018 | Dec 31, 2018 | 24.3% | −8.1 |
| Q3 FY2018 | Sep 30, 2018 | 25.7% | +9.0 |
| Q2 FY2018 | Jun 30, 2018 | 19.3% | −0.6 |
| Q1 FY2018 | Mar 31, 2018 | 26.3% | +11.5 |
| Q4 FY2017 | Dec 31, 2017 | 32.4% | +16.0 |
| Q3 FY2017 | Sep 30, 2017 | 16.7% | – |
| Q2 FY2017 | Jun 30, 2017 | 20.0% | – |
| Q1 FY2017 | Mar 31, 2017 | 14.7% | – |
| Q4 FY2016 | Dec 31, 2016 | 16.4% | – |
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