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What is Western Midstream Partners LP FCF Margin %?
Western Midstream Partners LPWES +1.11%85 FCF Margin % is 21.59% as of Jun. 2026, which is 35% below its 10-year median of 32.98. GuruFocus rates WES with a GF Score™ of 85/100 and a GF Value™ of $43.92 (Fairly Valued). The stock has 9 warning signs investors should review. Among 915 Oil & Gas companies, Western Midstream Partners LP ranks better than 92.24% on this metric.
* 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 FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Western Midstream Partners LP's FCF Margin % 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 FCF Margin % of 21.59% as of Jun. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Western Midstream Partners LP and its competitors. This is 35% below median its historical median of 32.98. According to the industry distribution chart, Western Midstream Partners LP ranks #71 out of 915 companies in the Oil & Gas industry, placing it in the top 7.8%.
Is Western Midstream Partners LP's FCF Margin % too high?
Western Midstream Partners LP's current FCF Margin % of 21.59% is 35% below median its 10-year median of 32.98. The Oil & Gas industry median FCF Margin % is 3.38. Western Midstream Partners LP's value of 21.59% is 538.8% above this industry median. Based on the distribution chart, Western Midstream Partners LP ranks #71 out of 915 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 FCF Margin % compare to PAA and DTM?
According to the Oil & Gas industry distribution chart, Western Midstream Partners LP ranks #71 out of 915 companies for FCF Margin %. This places Western Midstream Partners LP in the top 8% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.38. Western Midstream Partners LP's value of 21.59% is 538.8% above this benchmark. While the company's 10-year median is 32.98 vs. the industry median of 3.38, Western Midstream Partners LP has consistently been above 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 FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.38, based on 915 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Midstream Partners LP's current FCF Margin % of 21.59% is 538.8% above 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Western Midstream Partners LP and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Midstream Partners LP's current FCF Margin % is 21.59%, which is 35% below median its own 10-year median of 32.98. 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 $46.66 — trading 6.2% above its estimated fair value. The current FCF Margin % is 21.59%, which is 35% below median its 10-year median of 32.98 and 538.8% above the Oil & Gas industry median of 3.38. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current FCF Margin % is 21.59% 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 $46.66 is trading 6.2% above its estimated GF Value™ of $43.92.
GuruFocus considers Western Midstream Partners LP to be Fairly Valued.
Key valuation signals for WES:
FCF Margin %: 21.59% (35% below median its 10-year median of 32.98)
GF Value™: $43.92 vs. price of $46.66 (6.2% above fair value)
Industry Position: 538.8% above the Oil & Gas median (#71 of 915)
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
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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