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GuruFocus Financial Strength Rank measures how strong a company’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 : 7/10

vs
industry
vs
history
Cash to Debt 0.04
WES's Cash to Debt is ranked higher than
72% of the 128 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.05 vs. WES: 0.04 )
WES' s 10-Year Cash to Debt Range
Min: 0.03   Max: No Debt
Current: 0.04

Equity to Asset 0.53
WES's Equity to Asset is ranked higher than
90% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.38 vs. WES: 0.53 )
WES' s 10-Year Equity to Asset Range
Min: 0.48   Max: 0.97
Current: 0.53

0.48
0.97
Interest Coverage 6.21
WES's Interest Coverage is ranked higher than
85% of the 103 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.53 vs. WES: 6.21 )
WES' s 10-Year Interest Coverage Range
Min: 2.41   Max: 56.99
Current: 6.21

2.41
56.99
F-Score: 7
Z-Score: 2.85
M-Score: -0.32
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’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.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

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 : 7/10

vs
industry
vs
history
Operating margin (%) 30.53
WES's Operating margin (%) is ranked higher than
90% of the 127 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.46 vs. WES: 30.53 )
WES' s 10-Year Operating margin (%) Range
Min: 21.4   Max: 30.53
Current: 30.53

21.4
30.53
Net-margin (%) 26.12
WES's Net-margin (%) is ranked higher than
92% of the 127 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.44 vs. WES: 26.12 )
WES' s 10-Year Net-margin (%) Range
Min: 11.97   Max: 45.74
Current: 26.12

11.97
45.74
ROE (%) 10.96
WES's ROE (%) is ranked higher than
84% of the 117 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.61 vs. WES: 10.96 )
WES' s 10-Year ROE (%) Range
Min: 4.07   Max: 27.22
Current: 10.96

4.07
27.22
ROA (%) 6.45
WES's ROA (%) is ranked higher than
90% of the 137 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.01 vs. WES: 6.45 )
WES' s 10-Year ROA (%) Range
Min: 2.92   Max: 17.18
Current: 6.45

2.92
17.18
ROC (Joel Greenblatt) (%) 9.51
WES's ROC (Joel Greenblatt) (%) is ranked higher than
82% of the 129 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.94 vs. WES: 9.51 )
WES' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 7.17   Max: 13.09
Current: 9.51

7.17
13.09
Revenue Growth (%) -15.80
WES's Revenue Growth (%) is ranked higher than
60% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.50 vs. WES: -15.80 )
WES' s 10-Year Revenue Growth (%) Range
Min: 0   Max: -1.8
Current: -15.8

EBITDA Growth (%) -14.10
WES's EBITDA Growth (%) is ranked higher than
66% of the 104 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.40 vs. WES: -14.10 )
WES' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 1.3
Current: -14.1

0
1.3
EPS Growth (%) -12.10
WES's EPS Growth (%) is ranked higher than
63% of the 102 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.40 vs. WES: -12.10 )
WES' s 10-Year EPS Growth (%) Range
Min: 0   Max: 8
Current: -12.1

0
8
» WES's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2013

WES Guru Trades in Q2 2013

Ron Baron 3,176 sh (+385.63%)
» More
Q3 2013

WES Guru Trades in Q3 2013

Ron Baron 5,837 sh (+83.78%)
» More
Q4 2013

WES Guru Trades in Q4 2013

Jim Simons 27,700 sh (New)
Ron Baron 5,837 sh (unchged)
» More
Q1 2014

WES Guru Trades in Q1 2014

Jim Simons 91,803 sh (+231.42%)
Ron Baron 7,837 sh (+34.26%)
» More
» Details

Insider Trades

Latest Guru Trades with WES

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2014-03-31 Add 34.26%$59.26 - $65.94 $ 75.8322%7837
Ron Baron 2013-09-30 Add 83.78%$55.95 - $64.87 $ 75.8325%5837
Ron Baron 2013-06-30 Add 385.63%$56.4 - $64.95 $ 75.8326%3176
Ron Baron 2013-03-31 New Buy$47.63 - $59.41 $ 75.8340%654
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 37.10
WES's P/E(ttm) is ranked higher than
78% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 38.70 vs. WES: 37.10 )
WES' s 10-Year P/E(ttm) Range
Min: 7.91   Max: 89.81
Current: 37.1

7.91
89.81
P/B 3.60
WES's P/B is ranked higher than
73% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.19 vs. WES: 3.60 )
WES' s 10-Year P/B Range
Min: 0.8   Max: 3.78
Current: 3.6

0.8
3.78
P/S 7.50
WES's P/S is ranked higher than
59% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.94 vs. WES: 7.50 )
WES' s 10-Year P/S Range
Min: 0.9   Max: 8
Current: 7.5

0.9
8
EV-to-EBIT 30.54
WES's EV-to-EBIT is ranked higher than
71% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 29.02 vs. WES: 30.54 )
WES' s 10-Year EV-to-EBIT Range
Min: 3.3   Max: 42.5
Current: 30.54

3.3
42.5
PEG 85.00
WES's PEG is ranked higher than
67% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 17.70 vs. WES: 85.00 )
WES' s 10-Year PEG Range
Min: 4.43   Max: 86.4
Current: 85

4.43
86.4
Shiller P/E 46.90
WES's Shiller P/E is ranked higher than
73% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 43.21 vs. WES: 46.90 )
WES' s 10-Year Shiller P/E Range
Min: 30.72   Max: 48.82
Current: 46.9

30.72
48.82
Current Ratio 1.11
WES's Current Ratio is ranked higher than
81% of the 135 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.00 vs. WES: 1.11 )
WES' s 10-Year Current Ratio Range
Min: 0.37   Max: 3.67
Current: 1.11

0.37
3.67
Quick Ratio 1.11
WES's Quick Ratio is ranked higher than
86% of the 135 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.93 vs. WES: 1.11 )
WES' s 10-Year Quick Ratio Range
Min: 0.37   Max: 3.67
Current: 1.11

0.37
3.67

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.20
WES's Dividend Yield is ranked lower than
65% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.91 vs. WES: 3.20 )
WES' s 10-Year Dividend Yield Range
Min: 1.08   Max: 7.36
Current: 3.2

1.08
7.36
Dividend Payout 1.11
WES's Dividend Payout is ranked higher than
82% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.58 vs. WES: 1.11 )
WES' s 10-Year Dividend Payout Range
Min: 0.49   Max: 1.68
Current: 1.11

0.49
1.68
Dividend growth (3y) 16.50
WES's Dividend growth (3y) is ranked higher than
90% of the 93 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.80 vs. WES: 16.50 )
WES' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 51.6
Current: 16.5

0
51.6
Yield on cost (5-Year) 6.66
WES's Yield on cost (5-Year) is ranked higher than
66% of the 118 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.59 vs. WES: 6.66 )
WES' s 10-Year Yield on cost (5-Year) Range
Min: 2.25   Max: 15.33
Current: 6.66

2.25
15.33
Share Buyback Rate -38.60
WES's Share Buyback Rate is ranked higher than
54% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -11.80 vs. WES: -38.60 )
WES' s 10-Year Share Buyback Rate Range
Min: 0   Max: -46.8
Current: -38.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.70
WES's Price/Tangible Book is ranked higher than
81% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.42 vs. WES: 3.70 )
WES' s 10-Year Price/Tangible Book Range
Min: 0.95   Max: 3.94
Current: 3.7

0.95
3.94
Price/DCF (Projected) 5.10
WES's Price/DCF (Projected) is ranked higher than
78% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 11.18 vs. WES: 5.10 )
WES' s 10-Year Price/DCF (Projected) Range
Min: 2.3   Max: 4.42
Current: 5.1

2.3
4.42
Price/Median PS Value 3.10
WES's Price/Median PS Value is ranked higher than
59% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.41 vs. WES: 3.10 )
WES' s 10-Year Price/Median PS Value Range
Min: 0.41   Max: 2.78
Current: 3.1

0.41
2.78
Price/Graham Number 2.10
WES's Price/Graham Number is ranked higher than
84% of the 138 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.05 vs. WES: 2.10 )
WES' s 10-Year Price/Graham Number Range
Min: 0.62   Max: 2.78
Current: 2.1

0.62
2.78
Earnings Yield (Greenblatt) 3.30
WES's Earnings Yield (Greenblatt) is ranked higher than
65% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.90 vs. WES: 3.30 )
WES' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.4   Max: 30.1
Current: 3.3

2.4
30.1
Forward Rate of Return (Yacktman) -7.72
WES's Forward Rate of Return (Yacktman) is ranked higher than
63% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.16 vs. WES: -7.72 )
WES' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -7.5   Max: 15.9
Current: -7.72

-7.5
15.9

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare: » details
Traded in other countries:3NZ.Germany
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, 2012, its assets consist of thirteen gathering systems, ten natural gas treating facilities, two 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.
» More Articles for WES

Headlines

Articles On GuruFocus.com
Earnings Miss, Legal Woes: Is Anadarko Still Attractive? Mar 03 2014 
Six Dividend Winners Boosting Investor's Distributions Oct 15 2012 
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WESTERN GAS PARTNERS LP (WES) Senior Vice President and COO Danny J Rea buys 2,845 Shares Mar 07 2011 
WESTERN GAS PARTNERS LP (WES) CEO Donald R. Sinclair buys 11,380 Shares Mar 07 2011 
Weekly Top Insider Buys: JPM, STT, FULT, WES, MMR Jan 30 2011 
Weekly CEO Buys Highlight: APP, BFS, MBI, WES, KRO Nov 20 2010 
Weekly Top Insider Buys: WFR, WES, CMTL, VGM, IRET Oct 09 2010 
Guru Stocks Raising Dividends: General Electric Company, Enbridge Energy Partners, Navios Maritime P Jul 31 2010 
Companies Raising Dividends: General Electric, Enbridge Energy Partners, Navios Maritime Partners, W Jul 26 2010 

More From Other Websites
Western Gas Announces Second Quarter 2014 Distribution and Schedules Earnings Conference Call Jul 18 2014
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Amanda Bush, the CFO of Marlin Midstream Partners, LP (FISH), Interviews with The Wall Street... Jul 03 2014
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Western Gas Partners (WES) Reaches New Lifetime High Today Jun 04 2014
Why capex, asset mix, and margins drive Western Gas Partners May 27 2014
Why acquisitions are vital to Western Gas Partners’ expansion May 27 2014
Western Energy Partners could see dropdown and growth opportunities May 26 2014
Western Gas Partners to increase earnings, distribution, and capex May 26 2014
Key analysis: Western Gas Partners’ 1st quarter 2014 earnings May 26 2014
An investor’s must-know introduction to Western Gas Partners May 23 2014
WESTERN GAS PARTNERS LP Financials May 14 2014
Western Gas to Present at NAPTP Investor Conference May 14 2014
Western Gas Equity price target raised to $59 from $51 at Oppenheimer May 08 2014
Western Gas Partners LP's (WES) CEO Donald Sinclair on Q1 2014 Results - Earnings Call Transcript May 07 2014
WESTERN GAS PARTNERS LP Files SEC form 10-Q, Quarterly Report May 07 2014
Western Gas Partners LP Earnings Call scheduled for 12:00 pm ET today May 07 2014
WESTERN GAS PARTNERS LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... May 06 2014

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