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Western Midstream Partners stock

WESNYSE

Western Midstream Partners, LP, EnergyISIN US9586691035

$41.32▲ $0.18 (+0.4%)Closing price of 11 Nov 2026

63Score 63 out of 100, Neutral

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Price and trend

50 / 100

Price history

+4.2% in one year

The chart shows daily closes over 14 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Below the 200-day line: the price is 6.5% below it.

Trend change

Since December 2025 the 50-day line has been above the 200-day line; the trend has turned up.

Momentum

Normal: the price is neither overheated nor sold off (RSI 35).

Distance to the high

The price is 17% below its 52-week high. Largest decline in 14 years: 95% (November 2014 to April 2020).

Chart figures for advanced users
SMA 50$45.41
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$44.18
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)35
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDbelow the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$38.59
The lowest closing price of the last twelve months.
Resistance$49.80
The highest closing price of the last twelve months.
Market cap
$17.07B
Div. yield
8.95%
12 months
13.7
10.3
on earnings for the next twelve months ($4.01 per share)
Fair value
$67.88

Snapshot

Computed from the data by fixed rules, no AI

  • Western Midstream Partners, LP belongs to the Oil & Gas Midstream industry (United States) and, with a market value of $17.07B, is number 13 of 38 companies in its industry on MEQIRI.
  • In fiscal 2025 it reported revenue of $3.84B (up 6.6% year on year) and earnings of $1.17B (down 25.7%).
  • For fiscal 2026, analysts expect on average revenue of $4.71B (up 22.4%) and adjusted earnings per share of $3.73 (up 24.3%).
Show more
  • MEQIRI Score 63 out of 100 (Neutral): rank 113 of 266 in Energy, median 60.
  • The P/E is 13.7 (Oil & Gas Midstream median 14.5, own median of recent years 11.7).
  • Our model puts fair value at $67.88, with the price 39% below it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • High dividend yieldDividend yield 8.95%, Oil & Gas Midstream median 5.68%.Capital allocation 51
  • High marginNet margin 27.7% over the last 12 months, Oil & Gas Midstream median 16.6%.Profitability 90
  • Below fair valuePrice 39% below the fair value of $67.88.Valuation 81

Weaknesses

  • Dividend not coveredPayouts over the last 12 months were 123% of earnings and 2,287% of free cash flow.Capital allocation 51
  • High debtDebt 2.12 times equity (latest quarter), Oil & Gas Midstream median 1.28.Stability 47
63/ 100
MEQIRI Score
Neutral

Its standout strengths are profitability and valuation, while stability and momentum hold the score back.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Fundamentals are strong, with stable profits.

Profit consistency100% of years
Cash conversion (free cash flow to earnings, 12 months)7%
ROIC (12 months)14.0%
Positive free cash flow90% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk high

How well MEQIRI warns

One of the 30% with the highest crash risk among stocks ranked 101 to 1,000.

From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.

What drives the risk

  • cyclical sector (energy or materials), as a group, crashed more often in the backtest

What lowers it

  • calm price action

Valuation

Valuation signal

Significantly undervalued
Price
$41.32
Fair value
$67.88
Gap to fair value
−39%

In our model the price counts as cheap below $48.49 and expensive above $113.14 (uncertainty high, one part of the fair value is more than twice the other).

The two parts of the fair value come to $92.28 (cash-flow model) and $43.49 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.

Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $59.93, at 7.8% it would be $79.83.

Valuation metrics

1.55
11.1
Fair value (model)
$67.88
Earnings part $43.49 (earnings per share $3.01 × 14.5)

Half from the cash-flow model, half from earnings times the industry P/E (14.5).

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

19 years

In the twelve months to 30 Sep 2026, revenue rose 22.3% on the twelve months before. Revenue has grown strongly since 2007, at around 16% per year.

Margins

19 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2025: gross 68%, operating 41%, net 30%.

Debt & balance sheet

latest quarter
2.12
4.1x
0.81
Cash & equivalents
$44.5M

Debt is elevated. Keep an eye on the interest burden and refinancing.

Earnings

Next earnings
17 Feb 2027in 97 days
Last reported
4 Nov 2026EPS reported $0.78 (expected $0.92)below expectations

Analyst estimates

Earnings estimates have barely changed since 15 Oct 2026.

Fiscal 20267 analysts
Earnings per share
$3.730.0%
Revenue
$4.71B+0.1%
Fiscal 20277 analysts
Earnings per share
$4.06+0.4%
Revenue
$4.87B+0.3%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook raised

Share price after the results: +1.1%

Annual guidance not formally changed, but adjusted EBITDA and distributable cash flow are now expected toward the high end of the ranges because of favorable commodity prices and better costs.

Supporting passage from the call, verbatim
“While we are not currently updating our annual guidance ranges as we have not yet received formal changes to our producers' drilling plans for this year, we do expect to be towards the high end of both the adjusted EBITDA and distributable cash flow ranges without taking into account the impact of the Brazos …”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 9 May 2026 (fiscal Q1 2026), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

One insider bought on the open market in the last 6 months, $249,907 in total.

  • Forthuber Frederick A.Purchase

    12 Aug 2026, Board

    Shares
    5,140
    Price
    $48.62
    Value
    $249,907

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at Western Midstream Partners

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

266 rated companies in Energy

Rank 113 of 266
113/ 266
This company
63
Sector median
60

Categories against the sector median

ProfitabilityMedian of 266 companies90 (median 58)32 above the median
GrowthMedian of 266 companies60 (median 65)5 below the median
FundamentalsMedian of 266 companies70 (median 62)8 above the median
ValuationMedian of 255 companies with a value81 (median 82)1 below the median
StabilityMedian of 266 companies47 (median 60)13 below the median
Capital allocationMedian of 266 companies51 (median 48)3 above the median
Technical analysisMedian of 266 companies50 (median 54)4 below the median
MomentumMedian of 266 companies44 (median 56)12 below the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Oil & Gas Midstream

The next larger and next smaller companies by market value

All 38 Oil & Gas Midstream stocks

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 11 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Neutral, published since 7 Nov 2026 (in the score history since 5 Nov 2026)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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