State Ledger
Company profile

Western Midstream Partners, LP CIK 1423902

Ticker
WES (NYSE)
Industry
Natural Gas Transmission
Headquarters
The Woodlands, TX 77380-7046
Fiscal year end
2025 (FY)
Market Data
Close
$45.36
Change
+$0.06
Change %
0.13%
Volume
119,919

WES · trading date Oct 13, 2026 · previous close $45.30 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$3.84B
Net income
$1.18B
Total assets
$15.00B
Total liabilities
$10.84B
Stockholders' equity
—
Cash & equivalents
$819.49M
Operating income
$1.60B
Operating cash flow
$2.22B
Capital expenditures
$727.99M

Fiscal year 2025, via 10-K filed 2026-02-18. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
41.7%
Net margin
30.7%
Free cash flow
$1.49B
Free cash flow margin
38.9%
Liabilities / assets
72.2%
Equity / assets
—
CapEx / revenue
18.9%
Operating cash flow / net income
1.88×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $3.84B $1.18B $15.00B $10.84B —
2024 $3.61B $1.57B $13.14B $9.77B —
2023 $3.11B $1.02B $12.47B $9.44B —
2022 $3.25B $1.22B $11.27B $8.16B —
2021 $2.88B $916.29M $11.27B $8.18B —
Company Details
SIC code
4922
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form 4
2026-08-12
Financials filed via
Form 10-K
filed 2026-02-18

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
The Woodlands, TX 77380-7046
9950 WOODLOCH FOREST DRIVE, SUITE 2800
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:56 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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