WES (Western Midstream Partners LP) Debt-to-EBITDA : (As of Jun. 2026)

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WES Western Midstream Partners LP WES
86 GF Score
Price $47.29
GF Value $46.97
Valuation Fairly Valued
! 8 Warning Signs
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What is Western Midstream Partners LP Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Western Midstream Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $244 Mil. Western Midstream Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $8,885 Mil. Western Midstream Partners LP's annualized EBITDA for the quarter that ended in Jun. 2026 was $2,941 Mil. Western Midstream Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 3.10.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

WES' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.02   Med: 3.75   Max: 5.69
Current: 3.62

During the past 13 years, the highest Debt-to-EBITDA Ratio of Western Midstream Partners LP was 5.69. The lowest was 3.02. And the median was 3.75.

WES's Debt-to-EBITDA is ranked worse than
72.8% of 717 companies
in the Oil & Gas industry
Industry Median: 1.83 vs WES: 3.62

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

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


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Western Midstream Partners LP Debt-to-EBITDA Related Terms


Western Midstream Partners LP Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Western Midstream Partners LP's Debt-to-EBITDA 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.

Western Midstream Partners LP Debt-to-EBITDA Chart

Western Midstream Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Western Midstream Partners LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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WES vs PAA, VNOM, DTM: Debt-to-EBITDA Comparison

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

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

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


WES
86GF Score
Western Midstream Partners LP WES
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Midstream Partners LP Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Western Midstream Partners LP's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(514.12 + 8305.296) / 2328.809
=3.79

Western Midstream Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(244.034 + 8884.977) / 2941.328
=3.10

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

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 $47.29 is trading 0.7% above its estimated GF Value™ of $46.97. GuruFocus considers Western Midstream Partners LP to be Fairly Valued.

Key valuation signals for WES:

  • Debt-to-EBITDA:
  • GF Value™: $46.97 vs. price of $47.29 (0.7% above fair value)
  • GF Score™: 86/100 with 8 warning signs

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 Business Description

Industry EnergyOil & Gas
Address 9950 Woodloch Forest Drive, Suite 2800, The Woodlands, TX, USA, 77380
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.
86GF Score

Get the complete analysis for WES

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$47.29
Price
$46.97
GF Value