Western Midstream Partners L.P. (WES): Price and Financial Metrics

WES POWR Grades

• WES scores best on the Quality dimension, with a Quality rank ahead of 97.94% of US stocks.
• The strongest trend for WES is in Stability, which has been heading up over the past 177 days.
• WES ranks lowest in Growth; there it ranks in the 30th percentile.

WES Stock Summary

• Of note is the ratio of WESTERN MIDSTREAM PARTNERS LP's sales and general administrative expense to its total operating expenses; just 9.37% of US stocks have a lower such ratio.
• The ratio of debt to operating expenses for WESTERN MIDSTREAM PARTNERS LP is higher than it is for about 88.71% of US stocks.
• In terms of volatility of its share price, WES is more volatile than just 2.78% of stocks we're observing.
• Stocks with similar financial metrics, market capitalization, and price volatility to WESTERN MIDSTREAM PARTNERS LP are REG, BRX, SITC, SRC, and CUBE.
• WES's SEC filings can be seen here. And to visit WESTERN MIDSTREAM PARTNERS LP's official web site, go to www.westernmidstream.com.

WES Valuation Summary

• In comparison to the median Energy stock, WES's price/earnings ratio is 1.2% lower, now standing at 8.2.
• WES's price/sales ratio has moved down 4 over the prior 125 months.

Below are key valuation metrics over time for WES.

WES Growth Metrics

Its 2 year net cashflow from operations growth rate is now at 29.64%.
• Its 5 year revenue growth rate is now at 47.04%.
• Its 3 year revenue growth rate is now at 36.21%.

WES's revenue has moved up $1,314,399,000 over the prior 70 months.

The table below shows WES's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-12-31	3,251.721	1,701.426	1,189.562
2022-09-30	3,191.494	1,874.065	1,099.171
2022-06-30	3,117.766	1,796.63	1,089.868
2022-03-31	2,960.478	1,781.76	1,016.613
2021-12-31	2,877.155	1,766.852	896.477
2021-09-30	2,805.425	1,610.519	916.54

WES's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• WES has a Quality Grade of B, ranking ahead of 91.65% of graded US stocks.
• WES's asset turnover comes in at 0.234 -- ranking 41st of 105 Utilities stocks.
• ARTNA, SLNG, and KEN are the stocks whose asset turnover ratios are most correlated with WES.

The table below shows WES's key quality metrics over time.