# Western Midstream Partners, LP (WES): Dividend & Fundamentals

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- Sector: Energy · Industry: Oil & Gas Midstream
- Exchange: NYSE · Trading currency: USD

Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil, alongside the collection and disposal of water generated during production. Additionally, it engages in the buying and selling of natural gas, NGLs, and condensate. Western Midstr...

## Quote & Key Metrics

As of 2026-10-23:

| Metric | Value |
|---|---|
| Price | $45.13 USD |
| Market Cap | $18.65B |
| P/E (TTM) | 14.19 |
| EPS (TTM) | $3.18 |
| 52-Week Range | $36.90 – $50.07 |
| Dividend Yield (TTM) | 8.15% |

## Dividend

| Metric | Value |
|---|---|
| Yield (TTM) | 8.15% |
| Annual Dividend (TTM) | $3.68 /share |
| Annual Dividend (Forward) | $3.72 /share |
| Frequency | Quarterly |
| Consecutive Growth Streak | 5 years |
| Growth CAGR 1Y / 3Y / 5Y / 10Y | 2.2% / 17.4% / 23.6% / 7.6% |
| Payout Ratio (EPS, TTM) | 114.4% |
| Payout Ratio (FCF, TTM) | 64.8% |
| Payout Ratio (EPS, forward dividend) | 116.3% |
| Payout Ratio (FCF, forward dividend) | 65.8% |

### Recent Payments

| Ex-Date | Amount | Pay Date |
|---|---|---|
| 2026-11-02 | $0.9300 | 2026-11-13 |
| 2026-07-31 | $0.9300 | 2026-08-14 |
| 2026-05-01 | $0.9300 | 2026-05-15 |
| 2026-02-02 | $0.9100 | 2026-02-13 |
| 2025-10-31 | $0.9100 | 2025-11-14 |
| 2025-08-01 | $0.9100 | 2025-08-14 |
| 2025-05-02 | $0.9100 | 2025-05-15 |
| 2025-02-03 | $0.8750 | 2025-02-14 |
| 2024-11-01 | $0.8750 | 2024-11-14 |
| 2024-08-01 | $0.8750 | 2024-08-14 |
| 2024-04-30 | $0.8750 | 2024-05-15 |
| 2024-01-31 | $0.5750 | 2024-02-13 |

Full history: https://www.dividenddata.com/stocks/wes/dividend

## Frequently Asked Questions

### What does Western Midstream Partners, LP do?

Western Midstream Partners, LP (WES) operates in the Oil & Gas Midstream industry within the Energy sector. Full company description, peers, and segment breakdown are on the page above.

### What is WES's market cap?

Western Midstream Partners, LP (WES) has a market capitalization of approximately $18.65 billion, as of October 23, 2026, based on the most recent share price and shares outstanding.

### Does WES pay a dividend?

Yes, Western Midstream Partners, LP (WES) pays a dividend quarterly, with a trailing-twelve-month yield of 8.15%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

### How often does WES pay dividends?

Western Midstream Partners, LP pays dividends quarterly. The forward annual rate is $3.72 per share at the current declared cadence. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is WES's payout ratio?

Western Midstream Partners, LP's payout ratio is the percentage of earnings (and free cash flow) returned to shareholders as dividends. Current EPS and FCF coverage are shown in the payout cards above, with green / amber / red coloring indicating sustainability.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/stocks/wes
- Dividend history & safety: https://www.dividenddata.com/stocks/wes/dividend
- Earnings & EPS: https://www.dividenddata.com/stocks/wes/earnings
- Financial statements: https://www.dividenddata.com/stocks/wes/financials/income
- Valuation multiples: https://www.dividenddata.com/stocks/wes/valuation
- Peer comparison: https://www.dividenddata.com/stocks/wes/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.