Western Midstream Partners (WES) EV to CFO (2012 - 2026)
Western Midstream Partners' (WES) EV to CFO stood at 8.65 in Q3 2026, up 28.4% from 6.74 a year earlier and up 1.8% from the prior quarter.
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Analysis
Western Midstream Partners (WES) EV to CFO (2012 - 2026) Analysis & Trends
On a TTM basis, Western Midstream Partners' EV to CFO came in at 7.91 as of Sep 30, 2026, up 32.2% year-over-year; for FY2025, it was 6.69, up 4.3% from FY2024.
- Across earlier years, EV to CFO came in at 6.41 in FY2024 (-3.1%), 6.62 in FY2023 (+10.5%), 5.99 in FY2022 (+18.5%) and 5.05 in FY2021 (+53.2%).
- The Q3 2026 figure is the highest quarterly EV to CFO since Q4 2019.
- On a year-over-year basis, EV to CFO has increased for five consecutive quarters, with growth averaging 5.0% over the last eight quarters.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 35.9% in Q2 2024, against a decline of 14.5% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.50 (Q2 2026), 7.27 (Q1 2026) and 6.69 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn |
| 10 | Western Midstream Partners | 17.45 Bn | 15.97 Bn | 1.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.65 |
| Jun 30, 2026 | 8.50 |
| Mar 31, 2026 | 7.27 |
| Dec 31, 2025 | 6.69 |
| Sep 30, 2025 | 6.74 |
| Jun 30, 2025 | 6.71 |
| Mar 31, 2025 | 6.74 |
| Dec 31, 2024 | 6.41 |
| Sep 30, 2024 | 6.60 |
| Jun 30, 2024 | 7.85 |
| Mar 31, 2024 | 7.60 |
| Dec 31, 2023 | 6.62 |
| Sep 30, 2023 | 5.95 |
| Jun 30, 2023 | 5.78 |
| Mar 31, 2023 | 5.88 |
| Dec 31, 2022 | 5.99 |
| Sep 30, 2022 | 5.16 |
| Jun 30, 2022 | 5.25 |
| Mar 31, 2022 | 5.65 |
| Dec 31, 2021 | 5.05 |
API Access
Western Midstream Partners EV to CFO 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=ev-to-cfo&ticker=WES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=WES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();