Western Midstream Partners (WES) EV to EBITDA (2012 - 2026)
Western Midstream Partners' (WES) EV to EBITDA came in at 7.14 for Q2 2026, up 14.6% from 6.23 a year earlier and up 10.2% from the prior quarter.
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Analysis
Western Midstream Partners (WES) EV to EBITDA (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EV to EBITDA at Western Midstream Partners was 6.49, up 27.3% year-over-year; for FY2025, it came in at 6.37, up 23.1% from FY2024.
- In prior years, Western Midstream Partners' EV to EBITDA was 5.17 in FY2024 (-5.6%), 5.48 in FY2023 (+18.5%), 4.63 in FY2022 (-0.5%) and 4.65 in FY2021 (+21.1%).
- The Q2 2026 figure stands as the highest quarterly EV to EBITDA since Q2 2019.
- On a year-over-year basis, EV to EBITDA has increased in each of the last six quarters, with growth averaging 11.1% over the last eight quarters.
- The strongest year-over-year quarter for EV to EBITDA in the past five years was Q3 2021, with growth of 87.9%; the weakest was Q4 2024, with a decline of 5.6%.
- According to Business Quant data, EV to EBITDA for the three prior quarters was 6.48 (Q1 2026), 6.37 (Q4 2025) and 6.61 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 104.58 Bn | 100.18 Bn | 4.84 Bn |
| 2 | Williams Companies | 86.03 Bn | 84.75 Bn | 2.54 Bn |
| 3 | Enterprise Products Partners | 80.00 Bn | 78.39 Bn | - |
| 4 | Kinder Morgan | 74.74 Bn | 74.44 Bn | 3.07 Bn |
| 5 | Energy Transfer | 69.45 Bn | 62.63 Bn | 7.40 Bn |
| 6 | Tc Energy | 64.24 Bn | 60.32 Bn | 2.81 Bn |
| 7 | Targa Resources | 62.85 Bn | 62.33 Bn | 2.14 Bn |
| 8 | Cheniere Energy | 59.18 Bn | 54.01 Bn | 5.29 Bn |
| 9 | Mplx | 59.17 Bn | 52.74 Bn | 2.91 Bn |
| 10 | Western Midstream Partners | 17.70 Bn | 15.96 Bn | 1.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.14 |
| Mar 31, 2026 | 6.48 |
| Dec 31, 2025 | 6.37 |
| Sep 30, 2025 | 6.61 |
| Jun 30, 2025 | 6.23 |
| Mar 31, 2025 | 6.41 |
| Dec 31, 2024 | 5.17 |
| Sep 30, 2024 | 5.19 |
| Jun 30, 2024 | 5.83 |
| Mar 31, 2024 | 5.55 |
| Dec 31, 2023 | 5.48 |
| Sep 30, 2023 | 4.91 |
| Jun 30, 2023 | 4.97 |
| Mar 31, 2023 | 4.86 |
| Dec 31, 2022 | 4.63 |
| Sep 30, 2022 | 4.63 |
| Jun 30, 2022 | 4.50 |
| Mar 31, 2022 | 4.95 |
| Dec 31, 2021 | 4.65 |
| Sep 30, 2021 | 4.46 |
API Access
Western Midstream Partners EV to EBITDA 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-ebitda&ticker=WES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=WES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();