Western Midstream Partners LPWES -0.56%85 Dividend Yield % is 8.21% as of Jul. 10, 2026, which is 13% above its 10-year median of 7.26. GuruFocus rates WES with a GF Score™ of 85/100 and a GF Value™ of $43.47 (Fairly Valued). The stock has 9 warning signs investors should review. Among 503 Oil & Gas companies, Western Midstream Partners LP ranks better than 86.28% on this metric.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Western Midstream Partners LP is 1.16, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Western Midstream Partners LP was 1.52. The lowest was 0.55. And the median was 0.95.
During the past 12 months, Western Midstream Partners LP's average Dividends Per Share Growth Rate was 4.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 25.40% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 23.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 6.30% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Western Midstream Partners LP was 39.80% per year. The lowest was -17.90% per year. And the median was 17.50% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Western Midstream Partners LP (NYSE:WES) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
* 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 Dividend Yield % Chart
For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Western Midstream Partners LP's Dividend Yield % falls into.
Western Midstream Partners LP Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Western Midstream Partners LP Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.930000
2026-05-01
2026-05-01
2026-05-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.910000
2026-02-02
2026-02-02
2026-02-13
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.910000
2025-10-31
2025-10-31
2025-11-14
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.910000
2025-08-01
2025-08-01
2025-08-14
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* 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 Dividend Yield % of 8.21% as of Jul. 10, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Western Midstream Partners LP and its competitors. This is 13% above median its historical median of 7.26. Over the past decade, Western Midstream Partners LP's Dividend Yield % has ranged from 3.58 to 77.19. According to the industry distribution chart, Western Midstream Partners LP ranks #69 out of 503 companies in the Oil & Gas industry, placing it in the top 13.7%.
Is Western Midstream Partners LP's Dividend Yield % too high?
Western Midstream Partners LP's current Dividend Yield % of 8.21% is 13% above median its 10-year median of 7.26. Over the past 10 years, this metric has ranged from a low of 3.58 to a high of 77.19. The Oil & Gas industry median Dividend Yield % is 3.79. Western Midstream Partners LP's value of 8.21% is 116.6% above this industry median. Based on the distribution chart, Western Midstream Partners LP ranks #69 out of 503 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 Dividend Yield % compare to PAA and DTM?
According to the Oil & Gas industry distribution chart, Western Midstream Partners LP ranks #69 out of 503 companies for Dividend Yield %. This places Western Midstream Partners LP in the top 14% of its industry — outperforming the majority of peers. The industry median Dividend Yield % is 3.79. Western Midstream Partners LP's value of 8.21% is 116.6% above this benchmark. Historically, Western Midstream Partners LP's own Dividend Yield % has ranged from 3.58 to 77.19 over the past decade. While the company's 10-year median is 7.26 vs. the industry median of 3.79, 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 Dividend Yield % for an Oil & Gas company?
The median Dividend Yield % among Oil & Gas companies is 3.79, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Midstream Partners LP's current Dividend Yield % of 8.21% is 116.6% 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 Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Western Midstream Partners LP and its competitors. For the Oil & Gas industry, the median Dividend Yield % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Midstream Partners LP's current Dividend Yield % is 8.21%, which is 13% above median its own 10-year median of 7.26. 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 $43.47, compared to a current price of $44.62 — trading 2.6% above its estimated fair value. The current Dividend Yield % is 8.21%, which is 13% above median its 10-year median of 7.26 and 116.6% above the Oil & Gas industry median of 3.79. 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 Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current Dividend Yield % is 8.21% as of Jul. 10, 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 $44.62 is trading 2.6% above its estimated GF Value™ of $43.47.
GuruFocus considers Western Midstream Partners LP to be Fairly Valued.
Key valuation signals for WES:
Dividend Yield %: 8.21% (13% above median its 10-year median of 7.26)
GF Value™: $43.47 vs. price of $44.62 (2.6% above fair value)
Industry Position: 116.6% above the Oil & Gas median (#69 of 503)
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
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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