Western Midstream Partners, LP (WES)
Western Midstream Partners, LP operates in the Oil & Gas Midstream industry of the Energy sector, headquartered in The Woodlands, TX, US. The stock last traded at $48.30, up 1.02% on the session, giving a market capitalisation of $19.96B. On trailing twelve-month figures it carries a trailing P/E of 15.05, a net margin of 29.2%. Its beta of 0.66 implies it has historically moved less than the broad market.
Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil, alongside the collection and disposal of water generated during production. Additionally, it engages in the buying and selling of natural gas, NGLs, and condensate. Western Midstream maintains operations in significant regions such as Texas, New Mexico, the Rocky Mountains, and north-central Pennsylvania. Western Midstream Holdings, LLC functions as its general partner. Formed in 2007, the company is headquartered in The Woodlands, Texas, and rebranded from Western Gas Equity Partners, LP to its current name in February 2019.
Western Midstream Partners, LP is most often compared with the following Energy names: