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Western Midstream Partners LP is a USA-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.
2012
1.5K+
LTM Revenue $3.7B
LTM EBITDA $2.4B
$21.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Western Midstream has a last 12-month revenue (LTM) of $3.7B and a last 12-month EBITDA of $2.4B.
In the most recent fiscal year, Western Midstream achieved revenue of $3.6B and an EBITDA of $2.6B.
Western Midstream expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Western Midstream valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $3.7B | XXX | $3.6B | XXX | XXX | XXX |
| Gross Profit | $3.5B | XXX | $2.8B | XXX | XXX | XXX |
| Gross Margin | 96% | XXX | 77% | XXX | XXX | XXX |
| EBITDA | $2.4B | XXX | $2.6B | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 73% | XXX | XXX | XXX |
| EBIT | $1.8B | XXX | $1.6B | XXX | XXX | XXX |
| EBIT Margin | 49% | XXX | 43% | XXX | XXX | XXX |
| Net Profit | $1.5B | XXX | $1.6B | XXX | XXX | XXX |
| Net Margin | 40% | XXX | 44% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $6.8B | XXX | XXX | XXX |
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As of May 30, 2025, Western Midstream's stock price is $37.
Western Midstream has current market cap of $14.3B, and EV of $21.1B.
See Western Midstream trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $21.1B | $14.3B | XXX | XXX | XXX | XXX | $3.75 |
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Start Free TrialAs of May 30, 2025, Western Midstream has market cap of $14.3B and EV of $21.1B.
Western Midstream's trades at 5.9x EV/Revenue multiple, and 8.0x EV/EBITDA.
Equity research analysts estimate Western Midstream's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Western Midstream has a P/E ratio of 9.7x.
See valuation multiples for Western Midstream and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14.3B | XXX | $14.3B | XXX | XXX | XXX |
| EV (current) | $21.1B | XXX | $21.1B | XXX | XXX | XXX |
| EV/Revenue | 5.8x | XXX | 5.9x | XXX | XXX | XXX |
| EV/EBITDA | 8.9x | XXX | 8.0x | XXX | XXX | XXX |
| EV/EBIT | 11.8x | XXX | 13.5x | XXX | XXX | XXX |
| EV/Gross Profit | 6.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | 9.7x | XXX | 9.1x | XXX | XXX | XXX |
| EV/FCF | 15.5x | XXX | 16.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialWestern Midstream's last 12 month revenue growth is 4%
Western Midstream's revenue per employee in the last FY averaged $2.4M, while opex per employee averaged $0.8M for the same period.
Western Midstream's rule of 40 is 68% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Western Midstream's rule of X is 75% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Western Midstream and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 73% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | 68% | XXX | 78% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $2.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.8M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 34% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| NMDC Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Fastned | XXX | XXX | XXX | XXX | XXX | XXX |
| Fugro | XXX | XXX | XXX | XXX | XXX | XXX |
| Royal Vopak | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Western Midstream acquired XXX companies to date.
Last acquisition by Western Midstream was XXXXXXXX, XXXXX XXXXX XXXXXX . Western Midstream acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Western Midstream founded? | Western Midstream was founded in 2012. |
| Where is Western Midstream headquartered? | Western Midstream is headquartered in United States of America. |
| How many employees does Western Midstream have? | As of today, Western Midstream has 1.5K+ employees. |
| Who is the CEO of Western Midstream? | Western Midstream's CEO is Mr. Oscar K. Brown. |
| Is Western Midstream publicy listed? | Yes, Western Midstream is a public company listed on NYS. |
| What is the stock symbol of Western Midstream? | Western Midstream trades under WES ticker. |
| When did Western Midstream go public? | Western Midstream went public in 2012. |
| Who are competitors of Western Midstream? | Similar companies to Western Midstream include e.g. ADNOC, NMDC Energy, Fastned, Fugro. |
| What is the current market cap of Western Midstream? | Western Midstream's current market cap is $14.3B |
| What is the current revenue of Western Midstream? | Western Midstream's last 12 months revenue is $3.7B. |
| What is the current revenue growth of Western Midstream? | Western Midstream revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Western Midstream? | Current revenue multiple of Western Midstream is 5.8x. |
| Is Western Midstream profitable? | Yes, Western Midstream is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Western Midstream? | Western Midstream's last 12 months EBITDA is $2.4B. |
| What is Western Midstream's EBITDA margin? | Western Midstream's last 12 months EBITDA margin is 65%. |
| What is the current EV/EBITDA multiple of Western Midstream? | Current EBITDA multiple of Western Midstream is 8.9x. |
| What is the current FCF of Western Midstream? | Western Midstream's last 12 months FCF is $1.4B. |
| What is Western Midstream's FCF margin? | Western Midstream's last 12 months FCF margin is 37%. |
| What is the current EV/FCF multiple of Western Midstream? | Current FCF multiple of Western Midstream is 15.5x. |
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