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Western Midstream Partners, LP Quality Score

WES

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Quality47

Business quality is the primary weakness (avg 20/100). Valuation is the relative bright spot.

Broad-market heuristics · Not a buy/sell signal

Valuation and growth

Earnings Multiple
90/100
14.0x

Under 20x, reasonable relative to earnings

Cash Flow Multiple
90/100
13.1x

Under 20x cash flow, well covered

Revenue Growth
70/100
5.6%

5–10% CAGR, steady but not exceptional

Cash Flow Growth
50/100
2.5%

2–5% CAGR, growing but slowly

Business Quality & Capital Allocation

Share Dilution
60/100
1.4%

Mild dilution under 2%

Margin Trend
0/100
-7.8pp

Contracted >2pp, margin pressure

Capital Structure
0/100
$8.06B

Net debt/FCF of 6.0x, high leverage

2022
$287M
$6.84B
2023
$273M
$8.00B
2024
$1.09B
$8.17B
2025
$819M
$8.84B
TTM
$647M
$8.71B
CashDebt
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Western Midstream Partners, LP (WES) quality: score, margins and returns

Western Midstream Partners, LP (WES) scores 47/100 on Intrinsiqq's quality score (a mixed business), a weighted blend of 7 metrics each scored 0 to 100, on 41.0% operating margins. Every metric is computed from SEC filings; this is analysis, not investment advice.

Frequently asked

Is Western Midstream Partners, LP (WES) a high-quality business?+

Western Midstream Partners, LP scores 47 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which rates it a mixed business on these measures. Recent figures include a 41.0% operating margin. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.

What does Western Midstream Partners, LP's quality score measure?+

Intrinsiqq's quality score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, change in share count, and balance-sheet strength, each computed from WES's SEC filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where Western Midstream Partners, LP scores well and where it falls behind.

How profitable is Western Midstream Partners, LP?+

Western Midstream Partners, LP runs an operating margin of about 41.0% and a net margin of about 30.0%. Revenue has grown at roughly 6.7% a year recently. High, stable margins usually point to pricing power and operating discipline. Margins are most telling next to growth and returns on capital, all of which feed this quality score. This is analysis from SEC filings, not investment advice.

How the market compares: US profitability statistics

SourceQuality score computed from the 10-Q filed 6 May 2026, covering the period ending 31 Mar 2026, as reported to the SEC. Data last refreshed 11 Oct 2026. How this is calculated.

Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically. Checks use broad-market heuristics, so sector norms may differ, and the valuation checks are more cyclical than the quality checks.

Peers

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Held by ETFs

WES is in 27 US ETFs. The largest of them, with WES's weight in each:

Spot a number that looks wrong? Check it in WES's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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