Western Midstream Partners LP (WES) Stock AnalysisWESWestern Midstream Partners LP

Western Midstream Partners, LP acquires, owns, develops and operates midstream assets. It is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. Its core assets provide services for customers in the Delaware Basin in West Texas and New Mexico, and the DJ Basin in northeastern Colorado, and the Powder River Basin in Northeast Wyoming. Additional assets and investments are in South Texas, Utah, and Southwest Wyoming. In its capacity as a natural gas processor, the Company also buys and sells natural gas, NGLs, and condensate on its behalf and its customers under certain gas processing contracts. Its subsidiaries include Western Midstream Operating GP, LLC, Western Midstream Services, LLC, Western Midstream Services Holdings, LLC, Western Midstream Operating, LP, and Aris Water Solutions, Inc. It operates in the Energy sector (NATURAL GAS TRANSMISSION industry).

Western Midstream Partners LP is a good buy right now due to its attractive 8.1% yield and a current price of $45.13, which is significantly below the analyst price target of $55. The company has shown consistent revenue growth, with Q2 2026 revenue reaching $1.22 billion, and an EPS of $0.99, which is a 10% surprise over estimates. However, a key risk is the high debt-to-equity ratio of 205.65%, indicating potential financial leverage concerns.

17 analysts cover WES: 11 rate it Buy, 6 Hold and 0 Sell. The average price target is 40.50.