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Western Midstream Partners LP has a current ratio of 0.91. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Western Midstream Partners LP has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Western Midstream Partners LP's Current Ratio or its related term are showing as below:
WES'
s Current Ratio Range Over the Past 10 Years
Min: 0.13 Med: 1.09 Max: 1.89
Current: 1.09
During the past 13 years, Western Midstream Partners LP's highest Current Ratio was 1.89. The lowest was 0.13. And the median was 1.09.
WES's Current Ratio is ranked worse than 62.35% of 1020
companies
in the Oil & Gas industry
Industry Median: 1.355
vs WES: 1.09
Western Midstream Partners LP (NYSE:WES) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Western Midstream Partners LP Current Ratio Related Terms
Western Midstream Partners LP Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Western Midstream Partners LP Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's Current Ratio distribution charts can be found below:
* The bar in red indicates where Western Midstream Partners LP's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Western Midstream Partners LP (WES) has a Current Ratio of 0.91 as of Jun. 2026. This is 17% below median its historical median of 1.09. Over the past decade, Western Midstream Partners LP's Current Ratio has ranged from 0.13 to 1.89. According to the industry distribution chart, Western Midstream Partners LP ranks #636 out of 1020 companies in the Oil & Gas industry, placing it in the top 62.4%.
Is Western Midstream Partners LP's Current Ratio too high?
Western Midstream Partners LP's current Current Ratio of 0.91 is 17% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.89. The Oil & Gas industry median Current Ratio is 1.36. Western Midstream Partners LP's value of 0.91 is 32.8% below this industry median. Based on the distribution chart, Western Midstream Partners LP ranks #636 out of 1020 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Western Midstream Partners LP has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Midstream Partners LP's Current Ratio compare to PAA and DTM?
According to the Oil & Gas industry distribution chart, Western Midstream Partners LP ranks #636 out of 1020 companies for Current Ratio. This places Western Midstream Partners LP in the lower half of its industry. The industry median Current Ratio is 1.36. Western Midstream Partners LP's value of 0.91 is 32.8% below this benchmark. Historically, Western Midstream Partners LP's own Current Ratio has ranged from 0.13 to 1.89 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.36, Western Midstream Partners LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.36, based on 1,020 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Midstream Partners LP's current Current Ratio of 0.91 is 32.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Midstream Partners LP's current Current Ratio is 0.91, which is 17% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Midstream Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Western Midstream Partners LP (WES) is currently considered Fairly Valued. The stock's GF Value™ is $43.92, compared to a current price of $46.88 — trading 6.7% above its estimated fair value. The current Current Ratio is 0.91, which is 17% below median its 10-year median of 1.09 and 32.8% below the Oil & Gas industry median of 1.36. Western Midstream Partners LP's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current Current Ratio is 0.91 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Western Midstream Partners LP (WES) Overvalued in 2026?
Based on GuruFocus' analysis, Western Midstream Partners LP stock appears to be overvalued.
The current stock price of $46.88 is trading 6.7% above its estimated GF Value™ of $43.92.
GuruFocus considers Western Midstream Partners LP to be Fairly Valued.
Key valuation signals for WES:
Current Ratio: 0.91 (17% below median its 10-year median of 1.09)
GF Value™: $43.92 vs. price of $46.88 (6.7% above fair value)
Industry Position: 32.8% below the Oil & Gas median (#636 of 1020)
No single metric tells the full story. See the WES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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) and Texas.
85GF Score
Get the complete analysis for WES
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