WES (Western Midstream Partners LP) ROCE %: 14.77% (As of Jun. 2026)

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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 ROCE %?

Western Midstream Partners LP WES +1.43% 85 ROCE % is 14.77% as of Jun. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Western Midstream Partners LP's annualized ROCE % for the quarter that ended in Jun. 2026 was 14.77%.

Western Midstream Partners LP  (NYSE:WES) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Western Midstream Partners LP ROCE % Related Terms

Western Midstream Partners LP ROCE % Historical Data

* Premium members only.

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

Western Midstream Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.36 15.39 13.01 17.63 12.75

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
ROCE % 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 15.54 15.35 9.74 13.90 14.77
WES
85GF Score
Western Midstream Partners LP WES
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Midstream Partners LP ROCE % Calculation

Western Midstream Partners LP's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1607.03/( ( (13144.785 - 1691.694) + (14998.42 - 1236.484) )/ 2 )
=1607.03/( (11453.091+13761.936)/ 2 )
=1607.03/12607.5135
=12.75 %

Western Midstream Partners LP's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=2110.572/( ( (14924.502 - 1407.157) + (16317.807 - 1249.15) )/ 2 )
=2110.572/( ( 13517.345 + 15068.657 )/ 2 )
=2110.572/14293.001
=14.77 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 14.77% mean?
Western Midstream Partners LP (WES) has a ROCE % of 14.77% as of Jun. 2026.
Is Western Midstream Partners LP's ROCE % too high?
Western Midstream Partners LP's current ROCE % is 14.77%. The Oil & Gas industry median ROCE % is 6.85. Western Midstream Partners LP's value of 14.77% is 115.6% above this industry median. 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 ROCE % compare to PAA and DTM?
Western Midstream Partners LP's ROCE % of 14.77% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.85. Western Midstream Partners LP's value of 14.77% is 115.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.85, based on 983 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Midstream Partners LP's current ROCE % of 14.77% is 115.6% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Midstream Partners LP's current ROCE % is 14.77%. 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 ROCE % is 14.77% and 115.6% above the Oil & Gas industry median of 6.85. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current ROCE % is 14.77% 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:

  • ROCE %: 14.77%
  • GF Value™: $43.92 vs. price of $46.81 (6.6% above fair value)
  • GF Score™: 85/100 with 9 warning signs
  • Industry Position: 115.6% above the Oil & Gas median

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

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

$46.81
Price
$43.92
GF Value