Western Midstream Partners (WES) EBITDA Margin (2012 - 2026)
Western Midstream Partners (WES) reported EBITDA Margin of 57.39% for Q3 2026, down 6.85 percentage points from 64.24% a year earlier and down 2.43 percentage points from the prior quarter.
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Analysis
Western Midstream Partners (WES) EBITDA Margin (2012 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Western Midstream Partners' EBITDA Margin came in at 56.65%, down 7.45 percentage points year-over-year; for FY2025, it came in at 60.16%, down 12.54 percentage points from FY2024.
- EBITDA Margin has a five-year change of +10.75 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 72.70% in FY2024 (+8.96 pp), 63.75% in FY2023 (-3.00 pp), 66.74% in FY2022 (+1.12 pp) and 65.62% in FY2021 (+16.20 pp).
- Five-year quarterly EBITDA Margin spans a low of 48.81% in Q4 2025 and a high of 94.33% in Q1 2024.
- Year over year, EBITDA Margin has now declined in each of the last four quarters, with an average year-over-year change of -8.39 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was Q1 2024 (a gain of 35.08 percentage points); the low point was Q1 2025 (a drop of 31.06 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 59.82% (Q2 2026), 59.60% (Q1 2026) and 48.81% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 17.21% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 54.48% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 14.64% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 39.46% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 11.80% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 27.89% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 37.39% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 51.65% |
| 10 | Western Midstream Partners | 17.45 Bn | 15.97 Bn | 1.07 Bn | 57.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 57.39% |
| Jun 30, 2026 | 59.82% |
| Mar 31, 2026 | 59.60% |
| Dec 31, 2025 | 48.81% |
| Sep 30, 2025 | 64.24% |
| Jun 30, 2025 | 65.43% |
| Mar 31, 2025 | 63.27% |
| Dec 31, 2024 | 63.41% |
| Sep 30, 2024 | 63.61% |
| Jun 30, 2024 | 69.92% |
| Mar 31, 2024 | 94.33% |
| Dec 31, 2023 | 64.91% |
| Sep 30, 2023 | 65.48% |
| Jun 30, 2023 | 65.04% |
| Mar 31, 2023 | 59.24% |
| Dec 31, 2022 | 74.49% |
| Sep 30, 2022 | 61.35% |
| Jun 30, 2022 | 61.21% |
| Mar 31, 2022 | 71.13% |
| Dec 31, 2021 | 65.34% |
API Access
Western Midstream Partners EBITDA Margin 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=ebitda-margin&ticker=WES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=WES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();