Western Midstream Partners LP (Western Midstream Partners LP) Debt-to-Equity

: 2.73 (As of Dec. 2023)

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Western Midstream Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $618 Mil. Western Midstream Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,284 Mil. Western Midstream Partners LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,897 Mil. Western Midstream Partners LP's debt to equity for the quarter that ended in Dec. 2023 was 2.73.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Western Midstream Partners LP's Debt-to-Equity or its related term are showing as below:

WES' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.75 Med: 2.41 Max: 3.29
Current: 2.73

During the past 13 years, the highest Debt-to-Equity Ratio of Western Midstream Partners LP was 3.29. The lowest was 1.75. And the median was 2.41.

WES's Debt-to-Equity is ranked worse than
94.47% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs WES: 2.73

Western Midstream Partners LP Debt-to-Equity Historical Data

The historical data trend for Western Midstream Partners LP's Debt-to-Equity can be seen below:

* 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.

* Premium members only.

Western Midstream Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.49

2.85

2.34

2.28

2.73

Western Midstream Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.28	2.26	2.36	2.57	2.73

Competitive Comparison

For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Western Midstream Partners LP's Debt-to-Equity falls into.

Western Midstream Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Midstream Partners LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(617.748	+	7283.556)	/	2897.424
	=	2.73

Western Midstream Partners LP's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(617.748	+	7283.556)	/	2897.424
	=	2.73

Western Midstream Partners LP (NYSE:WES) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Western Midstream Partners LP Debt-to-Equity Related Terms

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Western Midstream Partners LP (Western Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Midstream Partners LP (NYSE:WES) » Definitions » Debt-to-Equity

Comparable Companies

PAA AM ENLC DTM FRO ETRN PAGP STNG CEQP HEP TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

9950 Woodloch Forest Drive, Suite 2800, The Woodlands, TX, USA, 77380

Website

http://www.westernmidstream.com

Western Midstream Partners LP is a US-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.

Executives

Kerr Mcgee Corp /de	10 percent owner	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Occidental Petroleum Corp /de/	10 percent owner	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Alejandro O Nebreda	officer: SVP, Business Services	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Michael S. Forsyth	officer: SVP, North Operations	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Daniel P. Holderman	officer: SVP Co-Chief Operating Officer	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Robert W. Bourne	officer: SVP & Chief Commercial Officer	1400 16TH STREET, SUITE 310, DENVER CO 80202
Kristen S. Shults	officer: SVP & Chief Financial Officer	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Frederick A. Forthuber	director	9950 WOODLOCH FOREST DR, SUITE 2800, THE WOODLANDS TX 77380
Anadarko Ush1 Corp	10 percent owner	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Anadarko Holding Co	10 percent owner	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Christopher B. Dial	officer: SVP, GC and Secretary	2103 CITYWEST BLVD., BUILDING 4, SUITE 800, HOUSTON TX 77042
Charles G. Griffie	officer: SVP, Ops and Engineering	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Catherine A. Green	officer: VP & Chief Accounting Officer	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Lisa A Stewart	director	EL PASO CORPORATION, 1001 LOUISIANA STREET, HOUSTON TX 77002
Craig W Collins	officer: SVP & Chief Operating Officer	15021 KATY FREEWAY, SUITE 400, HOUSTON TX 77094