
Western Midstream raises 2026 guidance after record EBITDA, higher throughput and early Brazos gains strengthen its growth outlook.
Western Midstream Partners, LP, acquires, owns, develops and operates midstream assets primarily in the United States.
| Revenue (TTM) | $4.33B |
| Gross Profit (TTM) | $2.97B |
| EBITDA | $2.50B |
| Operating Margin | 41.70% |
| Return on Equity | 34.10% |
| Return on Assets | 7.49% |
| Revenue/Share (TTM) | $10.97 |
| Book Value | $8.54 |
| Price-to-Book | 4.75 |
| Price-to-Sales (TTM) | 4.63 |
| EV/Revenue | 6.85 |
| EV/EBITDA | 11.76 |
| Quarterly Earnings Growth (YoY) | 13.80% |
| Quarterly Revenue Growth (YoY) | 30.00% |
| Shares Outstanding | $413.18M |
| Float | $261.83M |
| % Insiders | 36.59% |
| % Institutions | 43.35% |
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Western Midstream raises 2026 guidance after record EBITDA, higher throughput and early Brazos gains strengthen its growth outlook.

WES holds a 7.5% equity interest in the Solitude Pipeline System joint venture which has reached a positive Final Investment Decision to construct two 48-inch natural gas pipelines running from the Permian Basin to Katy, Texas. Solitude will deliver scalable, long-haul natural gas transportation, with initial capacity of approximately 2.25 Bcf/d expected in late 2029 and an additional 2.25 Bcf/d in 2030 with the ability to increase capacity thereafter to accommodate shipper demand.

Does Western Midstream (WES) have what it takes to be a top stock pick for momentum investors? Let's find out.

Western Midstream (WES) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, Aug. 10, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.

HOUSTON, Aug. 10, 2026 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that tomorrow before the market open it will make available on its website at www.westernmidstream.com a post-earnings interview with Kristen Shults, Senior Vice President and Chief Financial Officer, that provides additional insights related to WES's second-quarter 2026 results. WES intends to participate in the following investor conferences during the third quarter of 2026: Citi's 2026 Natural Resources Conference in Las Vegas, Nevada on August 11 – 12, 2026 Daniel Energy Partners Executive Series in Pebble Beach, California on September 1 – 3, 2026 Institute of Private Investors Fall Investment Forum in Vancouver, Canada on September 16 – 18, 2026 NYSE Energy & Utilities Virtual Investor Access Day on September 24, 2026 Wolfe Utilities, Midstream & Clean Energy Conference in New York, New York on September 30, 2026 ABOUT WESTERN MIDSTREAM Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets.

While the top- and bottom-line numbers for Western Midstream (WES) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Western Midstream's Q2 earnings beat estimates as record throughput, higher pricing and Brazos gains drove revenue and EBITDA growth.

The headline numbers for Western Midstream (WES) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Reported second-quarter 2026 Net income attributable to limited partners of $394.9 million, generating record quarterly Adjusted EBITDA(1) of $736.5 million, which represents a 19-percent increase compared to the prior-year period, and second-quarter Distributable Cash Flow(1) of $537.2 million. Reported second-quarter 2026 Cash flows provided by operating activities of $534.7 million, generating second-quarter Free Cash Flow(1) of $263.6 million.
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