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61.35 (1y: +38%)
Market Cap 6.42 B P/E(ttm) 31.60
Enterprise Value 7.91 B P/B 3.10
WES- NYSE (USA)
Western Gas Partners, LP
Not Rated
Top Ranked Predictable Companies
$61.35
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry		 vs
history
Cash to Debt 0.359
WES's Cash to Debt is ranked higher than
80% of the 59 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.03 vs. WES: 0.359 )
WES' s 10-Year Cash to Debt Range
Min: 0.19   Max: No Debt
Current: 0.36
Equity to Asset 0.537
WES's Equity to Asset is ranked higher than
84% of the 56 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.27 vs. WES: 0.537 )
WES' s 10-Year Equity to Asset Range
Min: 0.54   Max: 0.75
Current: 0.54
0.54
0.75
Interest Coverage 5.9
WES's Interest Coverage is ranked higher than
75% of the 55 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.20 vs. WES: 5.9 )
WES' s 10-Year Interest Coverage Range
Min: 2   Max: No Debt
Current: 5.9
F-Score: 4
Z-Score: 2.33
M-Score: -2.47
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 17.40
WES's Operating margin (%) is ranked higher than
53% of the 58 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.30 vs. WES: 17.40 )
WES' s 10-Year Operating margin (%) Range
Min: 17.4   Max: 39
Current: 17.4
17.4
39
Net-margin (%) 26.9
WES's Net-margin (%) is ranked higher than
74% of the 53 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.20 vs. WES: 26.9 )
WES' s 10-Year Net-margin (%) Range
Min: 12   Max: 31.6
Current: 26.9
12
31.6
ROE (%) 11.4
WES's ROE (%) is ranked lower than
52% of the 52 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 11.40 vs. WES: 11.4 )
WES' s 10-Year ROE (%) Range
Min: 4.1   Max: 11.4
Current: 11.4
4.1
11.4
ROA (%) 6.6
WES's ROA (%) is ranked higher than
64% of the 53 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.60 vs. WES: 6.6 )
WES' s 10-Year ROA (%) Range
Min: 2.9   Max: 7.6
Current: 6.6
2.9
7.6
ROC (Joel Greenblatt) (%) 6.30
WES's ROC (Joel Greenblatt) (%) is ranked lower than
79% of the 56 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.60 vs. WES: 6.30 )
WES' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 6.3   Max: 13.6
Current: 6.3
6.3
13.6
Revenue Growth (%) 2.3
WES's Revenue Growth (%) is ranked lower than
88% of the 34 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.00 vs. WES: 2.3 )
WES' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 13.9
Current: 2.3
0
13.9
EBITDA Growth (%) -8.8
WES's EBITDA Growth (%) is ranked lower than
3225803% of the 31 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.70 vs. WES: -8.8 )
WES' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 19.4
Current: -8.8
0
19.4
EPS Growth (%) -9.3
WES's EPS Growth (%) is ranked lower than
4761900% of the 21 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.80 vs. WES: -9.3 )
WES' s 10-Year EPS Growth (%) Range
Min: 0   Max: 20.8
Current: -9.3
0
20.8
ยป WES's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2011

WES Guru Trades in Q2 2011

Jim Simons 130,600 sh (+36.04%)
» More
Q3 2011

WES Guru Trades in Q3 2011

Jim Simons 62,800 sh (-51.91%)
» More
Q4 2011

WES Guru Trades in Q4 2011

Jim Simons Sold Out
» More
Q1 2013

WES Guru Trades in Q1 2013

Ron Baron 654 sh (New)
» More
» Details

Insider Trades

Latest Guru Trades with WES

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-03-31 New Buy$47.63 - $59.41 $ 61.0613%654
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 31.60
WES's P/E(ttm) is ranked lower than
64% of the 55 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 25.60 vs. WES: 31.60 )
WES' s 10-Year P/E(ttm) Range
Min: 10   Max: 35.08
Current: 31.6
10
35.08
P/B 3.10
WES's P/B is ranked lower than
64% of the 61 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.60 vs. WES: 3.10 )
WES' s 10-Year P/B Range
Min: 0.64   Max: 3.77
Current: 3.1
0.64
3.77
P/S 7.00
WES's P/S is ranked lower than
82% of the 61 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.60 vs. WES: 7.00 )
WES' s 10-Year P/S Range
Min: 1.71   Max: 7.76
Current: 7
1.71
7.76
EV-to-EBIT 52.6
WES's EV-to-EBIT is ranked lower than
84% of the 61 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 23.80 vs. WES: 52.6 )
WES' s 10-Year EV-to-EBIT Range
Min: 5.5   Max: 52.3
Current: 52.6
5.5
52.3
PEG 4.2
WES's PEG is ranked lower than
66% of the 38 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.50 vs. WES: 4.2 )
WES' s 10-Year PEG Range
Min: 1.05   Max: 4.2
Current: 4.2
1.05
4.2
Shiller P/E 38.1
WES's Shiller P/E is ranked lower than
100% of the Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: vs. WES: 38.1 )
WES' s 10-Year Shiller P/E Range
Min: 34.06   Max: 38.99
Current: 38.1
34.06
38.99

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.30
WES's Dividend Yield is ranked lower than
80% of the 55 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.97 vs. WES: 3.30 )
WES' s 10-Year Dividend Yield Range
Min: 1.08   Max: 7.36
Current: 3.3
1.08
7.36
Dividend Payout 1.0091
WES's Dividend Payout is ranked lower than
61% of the 46 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.96 vs. WES: 1.0091 )
WES' s 10-Year Dividend Payout Range
Min: 0.37   Max: 0.77
Current: 1.01
0.37
0.77
Dividend growth (3y) 11.2
WES's Dividend growth (3y) is ranked higher than
79% of the 42 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.70 vs. WES: 11.2 )
WES' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 36.6
Current: 11.2
0
36.6
Yield on cost (5-Year) 15.88
WES's Yield on cost (5-Year) is ranked higher than
96% of the 55 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.35 vs. WES: 15.88 )
WES' s 10-Year Yield on cost (5-Year) Range
Min: 5.04   Max: 34.37
Current: 15.88
5.04
34.37
Share Buyback Rate -33.4
WES's Share Buyback Rate is ranked lower than
24999975% of the 4 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.20 vs. WES: -33.4 )
WES' s 10-Year Share Buyback Rate Range
Min: 0   Max: -33.4
Current: -33.4

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 359.2
WES's Price/Net Current Asset Value is ranked lower than
98% of the 52 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 24.80 vs. WES: 359.2 )
WES' s 10-Year Price/Net Current Asset Value Range
Min: 128.3   Max: 458.6
Current: 359.2
128.3
458.6
Price/Tangible Book 3.4
WES's Price/Tangible Book is ranked higher than
50% of the 56 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.60 vs. WES: 3.4 )
WES' s 10-Year Price/Tangible Book Range
Min: 0.8   Max: 2.4
Current: 3.4
0.8
2.4
Price/DCF (Projected) 3.9
WES's Price/DCF (Projected) is ranked lower than
65% of the 37 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.20 vs. WES: 3.9 )
WES' s 10-Year Price/DCF (Projected) Range
Min: 2.4   Max: 2.4
Current: 3.9
Price/Median PS Value 1.5
WES's Price/Median PS Value is ranked lower than
63% of the 60 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. WES: 1.5 )
WES' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.1
Current: 1.5
0.4
1.1
Price/Peter Lynch Fair Value 2.5
WES's Price/Peter Lynch Fair Value is ranked lower than
74% of the 19 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.80 vs. WES: 2.5 )
WES' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.1   Max: 1.1
Current: 2.5
Price/Graham Number 2.5
WES's Price/Graham Number is ranked lower than
74% of the 50 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.00 vs. WES: 2.5 )
WES' s 10-Year Price/Graham Number Range
Min: 0.5   Max: 2
Current: 2.5
0.5
2
Earnings Yield (Greenblatt) 1.90
WES's Earnings Yield (Greenblatt) is ranked lower than
83% of the 60 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.20 vs. WES: 1.90 )
WES' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.9   Max: 18.2
Current: 1.9
1.9
18.2
Forward Rate of Return (Yacktman) 14.59
WES's Forward Rate of Return (Yacktman) is ranked higher than
70% of the 27 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.96 vs. WES: 14.59 )
WES' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.9   Max: 24.2
Current: 14.59
2.9
24.2

Business Description

Western Gas Partners, LP is a Delaware limited partnership formed in August 2007 organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil for Anadarko Petroleum Corporation and its consolidated subsidiaries, as well as third-party producers and customers. As of December 31, 2011, its assets consist of eleven gathering systems, seven natural gas treating facilities, seven natural gas processing facilities, one NGL pipeline, one interstate pipeline that is regulated by the Federal Energy Regulatory Commission ("FERC"), and interests in Fort Union and White Cliffs, which are accounted for under the equity method. The Company's assets are located in East and West Texas, the Rocky Mountains (Colorado, Utah and Wyoming), and the Mid-Continent (Kansas and Oklahoma). The Company's competitors include other midstream companies, producers, and intrastate and interstate pipelines. The Company is subject to a number of federal and state laws and regulations, including the federal Occupational Safety and Health Act, as amended ("OSHA") and comparable state statutes, the purposes of which are to protect the health and safety of workers, both generally and within the pipeline industry.
Company Website
SEC Reports
Industry: Oil & Gas Midstream
Compare:
Traded in other countries:3NZ.Germany
ยป More Articles for WES

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