WES (Western Midstream Partners LP) OCF Margin %: 43.66% (As of Jun. 2026) — 22% Below Median

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WES Western Midstream Partners LP WES
85 GF Score
Price $46.81
GF Value $43.92
Valuation Fairly Valued
! 9 Warning Signs
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What is Western Midstream Partners LP OCF Margin %?

Western Midstream Partners LP WES +1.43% 85 OCF Margin % is 43.66% as of Jun. 2026, which is 22% below its 10-year median of 55.66. 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 89.73% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Western Midstream Partners LP's Cash Flow from Operations for the three months ended in Jun. 2026 was $535 Mil. Western Midstream Partners LP's Revenue for the three months ended in Jun. 2026 was $1,225 Mil. Therefore, Western Midstream Partners LP's OCF Margin % for the quarter that ended in Jun. 2026 was 43.66%.

As of today, Western Midstream Partners LP's current OCF Yield % is 11.03%.

The historical rank and industry rank for Western Midstream Partners LP's OCF Margin % or its related term are showing as below:

WES' s OCF Margin % Range Over the Past 10 Years
Min: 42.92   Med: 55.66   Max: 61.41
Current: 49.22


During the past 13 years, the highest OCF Margin % of Western Midstream Partners LP was 61.41%. The lowest was 42.92%. And the median was 55.66%.

WES's OCF Margin % is ranked better than
89.73% of 915 companies
in the Oil & Gas industry
Industry Median: 13.96 vs WES: 49.22


Western Midstream Partners LP OCF Margin % Related Terms


Western Midstream Partners LP OCF Margin % Historical Data

* Premium members only.

The historical data trend for Western Midstream Partners LP's OCF Margin % 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 OCF Margin % Chart

Western Midstream Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.41 52.10 53.48 59.27 57.83

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
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.85 59.87 54.06 41.82 43.66

WES vs PAA, DTM, AM: OCF Margin % Comparison

For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Western Midstream Partners LP's OCF Margin % falls into.


WES
85GF Score
Western Midstream Partners LP WES
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Midstream Partners LP OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Western Midstream Partners LP's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2222.625/3843.403
=57.83 %

Western Midstream Partners LP's OCF Margin for the quarter that ended in Jun. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=534.736/1224.719
=43.66 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 43.66% mean?
Western Midstream Partners LP (WES) has a OCF Margin % of 43.66% as of Jun. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Western Midstream Partners LP and its competitors. This is 22% below median its historical median of 55.66. Over the past decade, Western Midstream Partners LP's OCF Margin % has ranged from 42.92 to 61.41. According to the industry distribution chart, Western Midstream Partners LP ranks #94 out of 915 companies in the Oil & Gas industry, placing it in the top 10.3%.
Is Western Midstream Partners LP's OCF Margin % too high?
Western Midstream Partners LP's current OCF Margin % of 43.66% is 22% below median its 10-year median of 55.66. Over the past 10 years, this metric has ranged from a low of 42.92 to a high of 61.41. The Oil & Gas industry median OCF Margin % is 13.96. Western Midstream Partners LP's value of 43.66% is 212.8% above this industry median. Based on the distribution chart, Western Midstream Partners LP ranks #94 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 OCF Margin % compare to PAA and DTM?
According to the Oil & Gas industry distribution chart, Western Midstream Partners LP ranks #94 out of 915 companies for OCF Margin %. This places Western Midstream Partners LP in the top 10% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 13.96. Western Midstream Partners LP's value of 43.66% is 212.8% above this benchmark. Historically, Western Midstream Partners LP's own OCF Margin % has ranged from 42.92 to 61.41 over the past decade. While the company's 10-year median is 55.66 vs. the industry median of 13.96, 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 OCF Margin % for an Oil & Gas company?
The median OCF Margin % among Oil & Gas companies is 13.96, based on 915 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Midstream Partners LP's current OCF Margin % of 43.66% is 212.8% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Western Midstream Partners LP and its competitors. For the Oil & Gas industry, the median OCF Margin % is 13.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Midstream Partners LP's current OCF Margin % is 43.66%, which is 22% below median its own 10-year median of 55.66. 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 $46.81 — trading 6.6% above its estimated fair value. The current OCF Margin % is 43.66%, which is 22% below median its 10-year median of 55.66 and 212.8% above the Oil & Gas industry median of 13.96. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current OCF Margin % is 43.66% 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 $46.81 is trading 6.6% above its estimated GF Value™ of $43.92. GuruFocus considers Western Midstream Partners LP to be Fairly Valued.

Key valuation signals for WES:

  • OCF Margin %: 43.66% (22% below median its 10-year median of 55.66)
  • GF Value™: $43.92 vs. price of $46.81 (6.6% above fair value)
  • GF Score™: 85/100 with 9 warning signs
  • Industry Position: 212.8% above the Oil & Gas median (#94 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 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.
85GF Score

Get the complete analysis for WES

OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.81
Price
$43.92
GF Value