WES — Western Midstream Partners LP

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates WES Bullish with a Setup Score of 61, net conviction 41, actionability 90. How the Setup Score works →

Total Setup Score61
Directional BiasBullish
Net Conviction41
Actionability90 (in range)

Key signals behind this score

About Western Midstream Partners LP

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$44.62
Market Cap$18.54B
Float242.6M
Shares Outstanding413.2M
P/E (Forward)15.06
P/E (TTM)14.91
Price/Sales (TTM)4.58
vs. Analyst Target+1.4% to analyst PT
Profit Margin29.51%
Operating Margin (TTM)41.11%
Revenue (TTM)$4.05B
Earnings Growth (YoY)7.60%
Dividend Rate3.7%
Analyst Target Price$45.25 (13 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $2.77B $527M $2.09B $1.38B
2021 $2.88B $916M $2.00B $1.85B
2022 $3.25B $1.22B $2.25B $2.16B
2023 $3.11B $1.02B $2.34B $1.99B
2024 $3.61B $1.57B $2.78B $2.64B
2025 $3.84B $1.17B $2.63B $2.30B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $942M $342M
Sep 2025 $952M $332M
Dec 2025 $1.03B $187M
Mar 2026 $1.12B $342M

Ownership & Float

Insider Ownership35.6%
Institutional Ownership38.9%
Short Float3.6%
% of All Funds Holding3.93%
Number of Funds Holding323

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$44.16Near-term / short-term trend
Weekly40-Week SMA$41.25Medium-term trend
Weekly80-Week SMA$40.24Cyclical trend (business cycle)
Weekly200-Week SMA$34.81Secular trend (multi-year)
Monthly10-Month SMA$41.52Near-term monthly trend
Monthly20-Month SMA$40.46Medium-term monthly trend
Monthly40-Month SMA$36.52Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$42.00 support 1.05x 2 months ago
$39.80 support 1.06x 4 months ago
$37.40 support 1.08x 7 months ago
$36.90 support 1.21x 19 months ago
$34.30 support 1.10x 25 months ago

Historical Earnings Reactions (54 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.18% 0.04% 51.85% 8.91% -8.49%
1 Day 0.54% 0.26% 53.70% 22.44% -11.48%
1 Week 1.36% 0.40% 51.85% 39.60% -21.02%
2 Weeks 0.93% -0.83% 46.30% 59.30% -54.00%
1 Month 0.82% -1.98% 49.06% 69.31% -74.31%

Next earnings: August 5, 2026 (23 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan1.6%71.4%14
Feb2.5%71.4%14
Mar-3.0%57.1%14
Apr13.6%64.3%14
May2.6%57.1%14
Jun2.6%64.3%14
Jul-1.7%38.5%13
Aug-3.2%30.8%13
Sep-2.4%53.8%13
Oct-0.0%53.8%13
Nov4.5%61.5%13
Dec-0.3%38.5%13

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.04% 51.7% 640
Tuesday 0.09% 46.7% 702
Wednesday 0.08% 52.5% 699
Thursday 0.05% 49.4% 686
Friday 0.09% 52.1% 683

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 38.9%

Insider Transactions — Smart Summary

Total insider ownership: 35.6%

12-Month Insider Activity Summary

Total Filings1
Net Value+N/A
Net Shares Change1,250
% of Float0.0%
C-Suite Filings0
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
PHILLIPS ROBERT G +$50,237.5 1 1 buy

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-03-12 PHILLIPS ROBERT G +$50,237.5 Transaction at $40.19, now +11.0%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Western Midstream Partners LP (WES) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for WES on Trend Edge →