Western Midstream Partners (WES) EBT Margin (2012 - 2026)
Western Midstream Partners' EBT Margin came in at 28.95% for Q3 2026, down 7.89 percentage points from 36.85% a year earlier and down 5.37 percentage points from the prior quarter.
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Analysis
Western Midstream Partners (WES) EBT Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Western Midstream Partners reported EBT Margin of 29.13%, down 7.39 percentage points year-over-year; for FY2025, it came in at 31.94%, down 13.26 percentage points from FY2024.
- EBT Margin carries a five-year change of +13.08 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 45.19% in FY2024 (+11.32 pp), 33.88% in FY2023 (-4.74 pp), 38.61% in FY2022 (+6.15 pp) and 32.47% in FY2021 (+13.61 pp).
- The five-year range for quarterly EBT Margin is 19.74% (Q4 2025) to 66.21% (Q1 2024).
- Year-over-year, EBT Margin has declined for four consecutive quarters, with an average year-over-year change of -7.96 percentage points over the last eight quarters.
- The fastest year-over-year change in EBT Margin over five years came in Q1 2024 (a gain of 37.63 percentage points), and the weakest in Q1 2025 (a drop of 31.32 percentage points).
- Business Quant data shows WES's EBT Margin at 34.33% (Q2 2026), 32.27% (Q1 2026) and 19.74% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 8.91% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 30.65% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 9.22% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 21.63% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 5.39% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 15.20% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 26.79% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 32.62% |
| 10 | Western Midstream Partners | 17.45 Bn | 15.97 Bn | 1.07 Bn | 28.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.95% |
| Jun 30, 2026 | 34.33% |
| Mar 31, 2026 | 32.27% |
| Dec 31, 2025 | 19.74% |
| Sep 30, 2025 | 36.85% |
| Jun 30, 2025 | 37.46% |
| Mar 31, 2025 | 34.89% |
| Dec 31, 2024 | 36.84% |
| Sep 30, 2024 | 35.24% |
| Jun 30, 2024 | 42.88% |
| Mar 31, 2024 | 66.21% |
| Dec 31, 2023 | 34.63% |
| Sep 30, 2023 | 36.77% |
| Jun 30, 2023 | 35.24% |
| Mar 31, 2023 | 28.58% |
| Dec 31, 2022 | 44.33% |
| Sep 30, 2022 | 32.71% |
| Jun 30, 2022 | 36.13% |
| Mar 31, 2022 | 42.13% |
| Dec 31, 2021 | 32.90% |
API Access
Western Midstream Partners EBT 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=ebt-margin&ticker=WES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=WES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();