Western Midstream Partners (WES) Debt Ratio (2012 - 2026)
Western Midstream Partners' Debt Ratio was 0.55 in Q2 2026, down 2.4% from 0.57 a year earlier and down 4.2% from the prior quarter.
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Analysis
Western Midstream Partners (WES) Debt Ratio (2012 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Western Midstream Partners came in at 0.58, down 4.6% from FY2024.
- In earlier years, Debt Ratio was 0.60 in FY2024 (-4.5%), 0.63 in FY2023 (+5.0%), 0.60 in FY2022 (-1.7%) and 0.61 in FY2021 (-7.7%).
- The Q2 2026 figure marks the lowest quarterly Debt Ratio since Q4 2018.
- Compared with a year earlier, Debt Ratio has declined for ten straight quarters, with an average decline of 3.4% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q4 2023 (growth of 5.0%); the worst was Q2 2022 (a decline of 8.4%).
- Per Business Quant data, WES's Debt Ratio in the three quarters before Q2 2026 was 0.58 (Q1 2026), 0.58 (Q4 2025) and 0.57 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.58 Bn | 100.18 Bn | 4.84 Bn | 0.48 |
| 2 | Williams Companies | 86.03 Bn | 84.75 Bn | 2.54 Bn | 0.11 |
| 3 | Enterprise Products Partners | 80.00 Bn | 78.39 Bn | - | 0.41 |
| 4 | Kinder Morgan | 74.74 Bn | 74.44 Bn | 3.07 Bn | 0.44 |
| 5 | Energy Transfer | 69.45 Bn | 62.63 Bn | 7.40 Bn | 0.46 |
| 6 | Tc Energy | 64.24 Bn | 60.32 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 62.85 Bn | 62.33 Bn | 2.14 Bn | 0.69 |
| 8 | Cheniere Energy | 59.18 Bn | 54.01 Bn | 5.29 Bn | 0.50 |
| 9 | Mplx | 59.17 Bn | 52.74 Bn | 2.91 Bn | 0.61 |
| 10 | Western Midstream Partners | 17.70 Bn | 15.96 Bn | 1.11 Bn | 0.55 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.55 |
| Mar 31, 2026 | 0.58 |
| Dec 31, 2025 | 0.58 |
| Sep 30, 2025 | 0.57 |
| Jun 30, 2025 | 0.57 |
| Mar 31, 2025 | 0.58 |
| Dec 31, 2024 | 0.60 |
| Sep 30, 2024 | 0.61 |
| Jun 30, 2024 | 0.59 |
| Mar 31, 2024 | 0.60 |
| Dec 31, 2023 | 0.63 |
| Sep 30, 2023 | 0.62 |
| Jun 30, 2023 | 0.61 |
| Mar 31, 2023 | 0.60 |
| Dec 31, 2022 | 0.60 |
| Sep 30, 2022 | 0.61 |
| Jun 30, 2022 | 0.58 |
| Mar 31, 2022 | 0.60 |
| Dec 31, 2021 | 0.61 |
| Sep 30, 2021 | 0.62 |
API Access
Western Midstream Partners Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=WES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "WES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=WES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();