WES

Western Midstream Partners, LP
NYSEUSDEQUITY Energy DELAYED
Last price
46.21
▲ 0.62 (1.36%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
45.59
Prev close
45.59
Day high
46.42
Day low
45.53
Volume
417.72K
Market cap
$19.08B
P/E (TTM)
14.43
52W range
36.90 – 50.07

Day trading desk

Current session · delayed
Gap from prior close
-0.00%
Prior close 45.59
VWAP
46.22
-0.02% from price
Relative volume
1.60×
Unusually busy
Session range
2.16%
45.50 – 46.48
Position in range
72%
Near session high
ATR (14D)
0.91
1.97% of price
Prior day high
45.95
PDH
Prior day low
44.61
PDL
Bid / ask spread
—
Quote not published
Session volume
1.32M
Avg 826.30K

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+2.76% +0.8%
1M
-6.78% -7.9%
3M
+1.97% -2.6%
6M
+11.84% -6.3%
YTD
+16.91% +2.7%
1Y
+19.61% +3.2%
3Y
+69.59% -12.7%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on WES open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
151.16M
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Aug 12, 26
FORTHUBER FREDERICK A.
Director
BUY 5.14K $249.91K Direct
Mar 11, 26
PHILLIPS ROBERT G
Director
BUY 1.25K $50.24K Direct
Feb 12, 26
STEWART LISA A.
Director
— 3.84K — Direct
Feb 12, 26
PHILLIPS ROBERT G
Director
— 4.05K — Direct
Feb 12, 26
SCHULTE DAVID J
Director
— 3.84K — Direct
Feb 12, 26
OWEN KENNETH F
Director
— 3.84K — Direct
Feb 12, 26
BROWN OSCAR K
Chief Executive Officer
— 24.02K — Direct
Feb 12, 26
GREEN CATHERINE A.
Officer
— 63.31K — Direct
Feb 12, 26
DIAL CHRISTOPHER B
General Counsel
SELL 5.88K $248.98K Direct
Feb 12, 26
DIAL CHRISTOPHER B
General Counsel
— 91.79K — Direct
Feb 12, 26
SHULTS KRISTEN S.
Chief Financial Officer
— 91.79K — Direct
Feb 12, 26
HOLDERMAN DANIEL P
Chief Operating Officer
— 91.79K — Direct
Oct 28, 25
BROWN OSCAR K
Chief Executive Officer
— 52.66K — Direct
Feb 20, 25
GREEN CATHERINE A.
Officer
— 21.09K — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BOURNE ROBERT W
Officer 149.72K Conversion of Exercise of derivative security
BROWN OSCAR K
Chief Executive Officer 85.44K Conversion of Exercise of derivative security
DIAL CHRISTOPHER B
General Counsel 225.01K Sale
FORSYTH MICHAEL S.
Officer 42.33K Conversion of Exercise of derivative security
GREEN CATHERINE A.
Officer 115.04K Conversion of Exercise of derivative security
HOLDERMAN DANIEL P
Chief Operating Officer 91.38K Conversion of Exercise of derivative security
OWEN KENNETH F
Director 41.77K Conversion of Exercise of derivative security
SCHULTE DAVID J
Director 40.07K Conversion of Exercise of derivative security
SHULTS KRISTEN S.
Chief Financial Officer 143.75K Conversion of Exercise of derivative security
STEWART LISA A.
Director 39.77K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$19.08B
Enterprise value$28.25B
Revenue (TTM)$4.33B
Gross profit$2.97B
EBITDA$2.50B
Net income$1.26B
EPS (TTM)$3.20
Free cash flow$866.98M
Total cash$104.77M
Total debt$9.13B
Book value / share$8.54
Shares outstanding413.17M
Float261.83M
Short % of float2.48%
Dividend yield8.16%
Beta (5Y)0.71

Valuation & profitability ratios

Account required
Trailing P/E14.43
Forward P/E12.06
PEG ratio—
Price / sales—
Price / book5.41
EV / revenue6.52
EV / EBITDA11.29
Gross margin68.67%
Operating margin41.67%
Profit margin29.00%
Return on equity34.11%
Return on assets7.49%
Debt / equity207.38
Current ratio0.91
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $3.84B$3.61B$3.11B$3.25B +6.6%
Operating revenue $3.84B$3.60B$3.11B$3.25B +6.6%
Cost of revenue $917.76M$822.68M$765.27M$1.00B +11.6%
Gross profit $2.93B$2.78B$2.34B$2.25B +5.1%
Selling, general & admin $398.92M$271.53M$232.63M$194.02M +46.9%
Total operating expense $1.38B$1.21B$1.05B$927.14M +13.9%
Operating income $1.54B$1.57B$1.29B$1.32B -1.7%
Net interest income -$390.49M-$378.51M-$348.23M-$333.94M -3.2%
Pre-tax income $1.23B$1.63B$1.05B$1.26B -24.7%
Tax provision $15.09M$18.11M$4.38M$4.19M -16.7%
Net income $1.18B$1.57B$1.02B$1.22B -24.9%
Net income to common $1.15B$1.54B$998.53M$1.19B -24.9%
Basic EPS 2.994.042.613.01 -26.0%
Diluted EPS 2.984.022.603.00 -25.9%
EBIT $1.61B$1.99B$1.40B$1.58B -19.4%
EBITDA $2.32B$2.64B$2.00B$2.16B -12.4%
Basic shares 386.07M380.40M383.03M394.95M +1.5%
Diluted shares 387.88M382.45M384.41M396.24M +1.4%

Options analytics

Account required
Put / call volume
0.74
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
39.00
-15.5% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
58
Contracts, this expiry
Put volume
43
Contracts, this expiry
Heaviest call OI
39.00
0 contracts
Heaviest put OI
40.00
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.921.00 +8.8%
Mar 2026 0.780.87 +11.7%
Dec 2025 0.800.48 -40.2%
Sep 2025 0.900.90 +0.6%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.91 4 $1.21B +26.9%
Next quarter 0.89 4 $1.21B +17.6%
Current year 3.70 4 $4.75B +23.6%
Next year 3.83 4 $4.93B +3.7%

Analyst targets & ownership

Account required
Mean target$49.69
High target$58.00
Low target$41.00
Implied upside7.54%
Analyst count13
ConsensusBUY
Strong buy / Buy0 / 5
Hold9
Sell / Strong sell0 / 1
Held by insiders36.59%
Held by institutions43.66%
Institutions holding422
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
45.21
+2.21% from price
SMA 20
46.38
-0.44% from price
SMA 50
47.39
-2.56% from price
SMA 100
46.08
+0.27% from price
SMA 200
43.69
+5.69% from price
EMA 12
45.67
+1.19% from price
EMA 26
46.39
-0.39% from price
EMA 50
46.61
-0.85% from price
RSI (14)
48.0
Neutral
MACD (12,26,9)
-0.73
Hist -0.04
ATR (14)
0.91
1.97% of price
Realised vol 30D
18.3%
Annualised
Bollinger upper
49.23
20, 2σ
Bollinger lower
43.54
20, 2σ
50 / 200 cross
Golden
47.39 vs 43.69
Trend bias
Above 200
+5.69%

Options chain

Account required
Expiry
Spot 46.21
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
-0.02
Less volatile than market
Correlation to SPY
-0.01
Largely independent
Realised vol 30D
18.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-11.0%
Peak to trough
Max drawdown 5Y
-23.5%
Peak to trough
ATR 14
0.91
1.97% of price
Beta (reported)
0.71
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
6.49M
Prior 7.06M
Change vs prior
-8.1%
Shorts covering
% of float
2.48%
Normal
% of shares out
1.57%
Against total outstanding
Days to cover
9.0
Crowded exit
Float
261.83M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

54 on file
DateFirm ActionFromTo
Sep 17, 26 Truist Securities INITIATED — Buy
Aug 24, 26 RBC Capital MAINTAINED Sector Perform Sector Perform
Aug 18, 26 Morgan Stanley MAINTAINED Equal-Weight Equal-Weight
Aug 11, 26 Citigroup MAINTAINED Neutral Neutral
Aug 10, 26 Wells Fargo MAINTAINED Equal-Weight Equal-Weight
Jul 14, 26 JP Morgan MAINTAINED Neutral Neutral
Jul 14, 26 Mizuho MAINTAINED Outperform Outperform
Jul 10, 26 UBS MAINTAINED Neutral Neutral
Jun 10, 26 Morgan Stanley UPGRADE Underweight Equal-Weight
May 27, 26 Morgan Stanley MAINTAINED Underweight Underweight
May 21, 26 UBS MAINTAINED Neutral Neutral
May 13, 26 Wells Fargo MAINTAINED Equal-Weight Equal-Weight

Dividends & splits

Declared · from the issuer
Forward rate$3.72 / yr
Forward yield8.16%
5-year avg yield7.46%
Payout ratio115.82%
Ex-dividend dateJul 31, 2026
Next pay dateAug 14, 2026
Last split—
Split date—

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.