Western Midstream Partners, LP WES 70.89
Utilities · NYSE · Data as of 2026-06-22
Western Midstream Partners, LP (WES) has delivered +7.3% annualized revenue growth, +15.5% earnings growth, and +14.0% dividend growth over 10 years of data. Ranked #239 of 1968 stocks overall and #30 of 87 in the Utilities sector by Steady Score.
About Western Midstream Partners, LP
Company Overview
Western Midstream Partners owns and operates natural-gas, natural-gas-liquids and crude- oil infrastructure in major U.S. producing regions. Its systems gather production from wells, process gas, transport commodities and handle water for energy producers. The partnership's assets are concentrated in the Delaware and DJ basins, with additional operations serving other fields and connections to downstream pipelines and markets.
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Business Model & Revenue
Western Midstream earns fees under contracts based on volumes gathered, processed, transported or treated. Some agreements include minimum-volume commitments, fixed fees or commodity-linked terms. Producers supply the throughput, so drilling and completion activity influence utilization. Long-lived infrastructure requires capital for expansion and maintenance. Cash available after operating costs, debt service and investment can support partnership distributions.
Key Facts & Market Position
Occidental Petroleum is a major customer and owner, creating strategic alignment and concentration. The network's value depends on proximity to productive acreage and connections that move output to market. Fee-based contracts reduce but do not eliminate commodity exposure because producer activity and financial health respond to energy prices.