NYSE · NATURAL GAS TRANSMISSION · LARGE CAP
Western Midstream Partners, LP WES
15 fiscal years on record · USD · FY2025 reported · SEC filings only
In brief
What this company does
Written from the business description in Western Midstream Partners, LP's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.
Growth
USD 3.8B
Revenue, FY2025 · full 15-year series below
Revenue $B
Net income $B
FY2025 · Revenue 3.8 · Net income 1.2
Compound annual growth
+5.7%
+8.6%
+8.2%
−1.0%
+17.5%
+21.7%
+5.4%
+14.5%
+16.7%
3 yrs
5 yrs
10 yrs
15 yrs
Revenue compounded at +8.6% a year over five years — but profit grew faster: net income at +17.5%.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Profitability
32 cents
of every revenue dollar became profit
Operating margin
Net margin
FY2025 · Operating 41.7% · Net 31.6%
ROE
Not available in our data for this period.
The 15-year record
15 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue $B | 3.8 | 3.6 | 3.1 | 3.3 | 2.7 | 2.5 | 2.7 | 2.3 | 2.4 | 1.8 | 1.8 | 1.5 | 1.1 | 0.9 | 0.9 |
| Operating income $B | 1.6 | 2.0 | 1.4 | 1.6 | 1.3 | 0.9 | 1.2 | 0.9 | 0.8 | 0.7 | 0.2 | 0.6 | 0.3 | 0.2 | 0.2 |
| EBITDA $B | 2.3 | 2.6 | 2.0 | 2.2 | 1.9 | 1.4 | 1.7 | 1.3 | 1.1 | 1.0 | 0.4 | 0.8 | 0.5 | 0.3 | 0.4 |
| Income tax $B | 0.0 | 0.0 | 0.0 | 0.0 | −0.0 | 0.0 | 0.0 | 0.1 | −0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Net income $B | 1.2 | 1.6 | 1.0 | 1.2 | 0.9 | 0.5 | 0.7 | 0.6 | 0.5 | 0.3 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 |
| Free cash flow $B | · | · | · | · | · | · | · | · | · | · | · | · | 0.4 | · | · |
| EPS, diluted $ | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
| Dividend / sh $ | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
| Payout % | 121 | 79 | 96 | 60 | 58 | 132 | 139 | 91 | 82 | 108 | 185 | 79 | 84 | 0 | 0 |
| ROE % | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Compare
This company against its peers
Western Midstream Partners, LPvsEnergy Transfer LPSame industry: Natural Gas TransmissionWestern Midstream Partners, LPvsEnterprise Products Partners L.p.Same industry: Natural Gas TransmissionWestern Midstream Partners, LPvsTarga Resources Corp.Same industry: Natural Gas TransmissionWestern Midstream Partners, LPvsKinder Morgan, Inc.Same industry: Natural Gas TransmissionWestern Midstream Partners, LPvsWilliams Companies, Inc.Same industry: Natural Gas TransmissionWestern Midstream Partners, LPvsKinetik Holdings Inc.Same industry: Natural Gas TransmissionWestern Midstream Partners, LPvsArchrock, Inc.Same industry: Natural Gas Transmission
Provenance
Company facts, as filed
How we verify · 0 failures in 43 reconciliationsAUDITED
Reconciled in 15 of 19 fiscal years. 42 checks could not be computed.
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNatural Gas Transmission
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2011