WES (Western Midstream Partners LP) Pre-Tax Income: $1,337 Mil (TTM As of Jun. 2026)

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WES Western Midstream Partners LP WES
86 GF Score
Price $46.58
GF Value $46.97
Valuation Fairly Valued
! 8 Warning Signs
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What is Western Midstream Partners LP Pre-Tax Income?

Western Midstream Partners LP WES -1.50% 86 Pre-Tax Income is $1,337 Mil as of Jun. 2026. GuruFocus rates WES with a GF Score™ of 86/100 and a GF Value™ of $46.97 (Fairly Valued). The stock has 8 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Western Midstream Partners LP's pretax income for the three months ended in Jun. 2026 was $420 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $1,337 Mil. Western Midstream Partners LP's pretax margin was 34.33%.

During the past 13 years, Western Midstream Partners LP's highest Pretax Margin was 45.19%. The lowest was 18.86%. And the median was 32.21%.


Western Midstream Partners LP  (NYSE:WES) Pre-Tax Income Explanation

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

Pretax Margin=Pretax Income/Revenue
=420.403/1224.719
=34.33%

During the past 13 years, Western Midstream Partners LP's highest Pretax Margin was 45.19%. The lowest was 18.86%. And the median was 32.21%.

* 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 Pre-Tax Income Related Terms


Western Midstream Partners LP Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Western Midstream Partners LP's Pre-Tax Income 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 Pre-Tax Income Chart

Western Midstream Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 934.19 1,255.64 1,052.39 1,629.36 1,227.54

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
Pre-Tax Income 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 353.00 350.96 203.59 362.53 420.40

WES vs PAA, VNOM, DTM: Pre-Tax Income Comparison

For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income vs Oil & Gas Industry

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

* The bar in red indicates where Western Midstream Partners LP's Pre-Tax Income falls into.


WES
86GF Score
Western Midstream Partners LP WES
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Midstream Partners LP Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

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

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=1541.487++-390.49+0+76.544
=1,228

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

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=510.316++-108.984+0+19.071
=420

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,337 Mil.

* 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 Pre-Tax Income →
What does a Pre-Tax Income of $1,337 Mil mean?
Western Midstream Partners LP (WES) has a Pre-Tax Income of $1,337 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Western Midstream Partners LP and its competitors.
Is Western Midstream Partners LP's Pre-Tax Income too high?
Western Midstream Partners LP's current Pre-Tax Income is $1,337 Mil. Overall, Western Midstream Partners LP has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Midstream Partners LP's Pre-Tax Income compare to PAA and VNOM?
Western Midstream Partners LP's Pre-Tax Income of $1,337 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Oil & Gas company?
A good Pre-Tax Income depends on the Oil & Gas industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Western Midstream Partners LP and its competitors. Western Midstream Partners LP's current Pre-Tax Income is $1,337 Mil. 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 $46.97, compared to a current price of $46.58 — trading 0.8% below its estimated fair value. The current Pre-Tax Income is $1,337 Mil. Western Midstream Partners LP's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current Pre-Tax Income is $1,337 Mil 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 undervalued. The current stock price of $46.58 is trading 0.8% below its estimated GF Value™ of $46.97. GuruFocus considers Western Midstream Partners LP to be Fairly Valued.

Key valuation signals for WES:

  • Pre-Tax Income: $1,337 Mil
  • GF Value™: $46.97 vs. price of $46.58 (0.8% below 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

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.58
Price
$46.97
GF Value