Western Midstream Partners, LP (WES) Earnings History
Elite Compounder18 years of earnings data (2008–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Western Midstream Partners, LP (WES) Earnings Overview
As of June 22, 2026, Western Midstream Partners, LP (WES) reported trailing twelve-month net income of $1.21B, reflecting -25.4% year-over-year growth. The company earned $3.02 per diluted share over the past four quarters, with a net profit margin of 30.4%.
Looking at the long-term picture, WES's 5-year EPS compound annual growth rate (CAGR) stands at +20.5%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.57B in fiscal 2024.
Western Midstream Partners, LP maintains industry-leading profitability with a gross margin of 68.5%, operating margin of 41.3%, and net margin of 30.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EPD ($5.80B net income, 11.1% margin), ET ($5.55B net income, 5.9% margin), MPLX ($4.71B net income, 41.6% margin), WES has outperformed on profitability metrics. Compare WES vs EPD →
WES Earnings vs Peers
Earnings metrics vs comparable public companies
WES Historical Earnings Data (2008–2025)
18 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.17B | -25.7% | $1.59B | $3.00 | 30.4% | 41.3% |
| 2024 | $1.57B | +53.9% | $1.97B | $4.02 | 43.6% | 54.7% |
| 2023 | $1.02B | -16.0% | $1.38B | $2.60 | 32.9% | 44.4% |
| 2022 | $1.22B | +32.8% | $1.59B | $3.00 | 37.4% | 48.8% |
| 2021 | $916M | +73.9% | $1.34B | $2.18 | 31.8% | 46.4% |
| 2020 | $527M | -24.4% | $879M | $1.18 | 19.0% | 31.7% |
| 2019 | $697M | +88.7% | $1.23B | $1.68 | 25.4% | 44.8% |
| 2018 | $369M | -1.9% | $625M | $1.69 | 18.6% | 31.4% |
| 2017 | $377M | +8.9% | $704M | $1.72 | 16.8% | 31.3% |
| 2016 | $346M | +293.5% | $705M | $1.53 | 19.2% | 39.0% |
| 2015 | $88M | -60.4% | $34M | $0.39 | 5.6% | 2.2% |
| 2014 | $222M | +38.6% | $448M | $1.02 | 17.4% | 35.2% |
| 2013 | $160M | +5601.9% | $318M | $0.71 | 15.2% | 30.2% |
| 2012 | $3M | -96.3% | $147M | $0.01 | 0.3% | 17.4% |
| 2011 | $76M | -40.0% | $209M | $1.84 | 9.3% | 25.8% |
| 2010 | $126M | +63.0% | $152M | $1.25 | 25.5% | 30.6% |
| 2009 | $77M | -38.8% | $81M | $1.99 | 32.7% | 34.1% |
| 2008 | $126M | - | $166M | $0.78 | 18.3% | 24.1% |
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WES — Frequently Asked Questions
Quick answers to the most common questions about buying WES stock.
What is WES earnings per share (EPS)?
WES trailing twelve-month (TTM) diluted EPS is $3.02, reflecting -25.4% year-over-year growth. The 5-year EPS CAGR is +20.5%. Complete EPS history from 2008 to 2025 is available in the table on this page.
What is Western Midstream Partners, LP's net income?
Western Midstream Partners, LP (WES) trailing twelve-month net income is $1.2B as of 2025. Earnings declined -25.4% year-over-year. Western Midstream Partners, LP has been profitable for 18 consecutive years.
Is WES profitable?
Yes, WES is profitable with a TTM net income of $1.2B and a net profit margin of +30.4%. Western Midstream Partners, LP has generated profits for 18 consecutive years.
What is WES's earnings growth rate?
WES compound annual EPS growth rates (CAGR): 1-Year: -25.4%, 3-Year: +0.0%, 5-Year: +20.5%, 10-Year: +22.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2008 to 2025.
What are WES's profit margins?
Western Midstream Partners, LP net profit margin is +30.4%, operating margin is +41.3%, and gross margin is +68.5%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +31.0%.
Is WES growing earnings?
WES earnings are declining — EPS fell -25.4% year-over-year. TTM net income dropped to $1.2B. This contrasts with the 5-year CAGR of +20.5%.
What was WES's best earnings year?
Western Midstream Partners, LP's highest annual net income on record is $1.6B, achieved in fiscal year 2024. Earnings history on this page spans 2008 to 2025 and includes all annual and quarterly figures.
What were WES's earnings last quarter?
WES's most recent reported quarter was Q1 2026. Net income was $350M with diluted EPS of $0.87. For a full breakdown of all quarters, see the quarterly earnings table on this page.