Western Midstream Partners, LP

Day range

$44.56 – $45.39

Open

$44.72

Prev close

$44.46

Volume

774.79K

Market cap

$18.37B

Shares out

413.17M

P/E

14.62

P/S

4.24

P/B

4.31

P/FCF

15.06

ROE

29.5%

ROA

7.7%

Debt/Equity

2.13

Div yield

8.11%

As of Oct 22, 2026

• Investor communicationsAug 5, 2026

  The Partnership also simultaneously made the slide presentation for tomorrow's earnings call and the updated investor slide presentation available on the Western Midstream website, www.westernmidstream.com.

• Equity activityJun 25, 2026

  WES Operating, together with its general partner, Western Midstream Operating GP, LLC, entered into an Underwriting Agreement with TD Securities (USA) LLC, Barclays Capital Inc., Citigroup Global Markets Inc., and MUFG Securities Americas Inc., as representatives of the several underwriters, relating to the public offering of the Notes at a price to the public of 99.705% of the face amount of the Notes.

• Deal completionsJun 12, 2026

  On June 11, 2026 (the "Closing Date"), Western Midstream Partners, LP (the "Partnership") consummated the previously announced acquisition (the "Acquisition") contemplated by that certain Membership Interest Purchase Agreement, dated May 6, 2026 (the "Purchase Agreement"), by and among the Partnership, B-2 Holdings LLC, a wholly owned subsidiary of the Partnership ("Purchaser"), and Brazos Permian II, LLC ("Seller"). Pursuant to the Purchase Agreement, Purchaser acquired from Seller all of the issued and outstanding equity interests of Brazos Delaware II, LLC ("Brazos Delaware") for an aggregate purchase price of approximately $1.6 billion, subject to customary purchase price adjustments, consisting of (i) approximately $800 million in cash and (ii) 19,389,239 common units representing limited partner interests in the Partnership ("Common Units"), which represented approximately $800 million of Partnership common units based upon the 20-day volume weighted-average common unit price of the Partnership at the time the acquisition agreement was signed.

• Material agreementsJan 22, 2026

  In connection with the GGA Amendment and related transactions—including an agreement between DBM and a subsidiary of ConocoPhillips pursuant to which DBM will gather and process certain volumes of natural gas already existing on DBM's system, and conforming modifications to the terms of the associated processing arrangements between subsidiaries of WES and Occidental.

• Debt activityDec 4, 2025

  On December 4, 2025, Western Midstream Operating, LP completed the public offering of $600,000,000 aggregate principal amount of 4.800% Senior Notes due 2031 and $600,000,000 aggregate principal amount of 5.500% Senior Notes due 2035. Interest on the 2031 Notes will be payable semi-annually on March 1 and September 1 of each year, with maturity on March 1, 2031. Interest on the 2035 Notes will be payable semi-annually on June 15 and December 15 of each year, with maturity on December 15, 2035.

• PAAPlains All American Pipeline, L.P. Common Units representing Limited Partner Interests+3.38%
• PAGPPlains GP Holdings, L.P. Class A Units representing Limited Partner Interests+2.69%
• ETEnergy Transfer LP Common Units+2.22%
• TRGPTarga Resources Corp.+4.68%
• EPDEnterprise Products Partners L.P.+2.42%
• OKEOneok, Inc.+3.38%
• MPLXMPLX LP+1.69%

Days to cover

6.6

Short interest

6.03M

Avg volume

912.89K

As of Sep 30, 2026 · reported to FINRA twice monthly.

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