MARKETS / NYSE / WES
NYSE · NATURAL GAS TRANSMISSION · LARGE CAP

Western Midstream Partners, LP WES

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$3.8B
▲ 6.6% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
121%
ROE · FY25
Net margin · FY25
30.7%
Dividend coverage
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Result
USD 3.8B
Revenue, FY2025 · full 15-year series below
Revenue Net income
12343.81.2201120142017202020232025
12343.81.22016201920222025

31 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.2201120142017202020232025
0.40.81.22016201920222025

The company pays no cash dividend.

Profitability
Return on equity, FY2025
ROE
0.250.50.751201120142017202020232025
0.250.50.7512016201920222025
Operating margin41.7%
Net margin30.7%
Return on assets8.4%

Returned to shareholders
USD 1.4B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 1.4B
Net buybacksUSD 0.00
Share of profit121.2%
Consecutive raises

USD 1.4B in dividends — 121% of the year's profit, so the payout drew on cash built up earlier.

Growth
+8.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.7%
+8.6%
+8.2%
Net income
−1.0%
+17.5%
+21.7%
Returned to shareholders
+5.4%
+14.5%
+16.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 15.0B
total assets, end of FY2025
Total assetsUSD 15.0B
CashUSD 819.5M
Gross debtUSD 8.2B
Net debtUSD 7.4B
Current ratio1.34×

History
15 fiscal years
Every figure from documents filed with the SEC · USD
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
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
121
79
96
60
58
132
139
91
82
108
185
79
84
0
0
ROE %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
28 of 28
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed