Western Midstream Partners (WES) EV to FCF (2014 - 2026)
Western Midstream Partners' (WES) EV to FCF stood at 14.74 in Q2 2026, up 46.3% from 10.08 a year earlier and up 27.0% from the prior quarter.
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Analysis
Western Midstream Partners (WES) EV to FCF (2014 - 2026) Analysis & Trends
On a TTM basis, Western Midstream Partners' EV to FCF came in at 13.39 as of Jun 30, 2026, up 62.5% year-over-year; for FY2025, it was 9.86, down 5.3% from FY2024.
- Across earlier years, EV to FCF came in at 10.41 in FY2024 (-11.2%), 11.73 in FY2023 (+41.7%), 8.28 in FY2022 (+36.9%) and 6.05 in FY2021 (+39.4%).
- The Q2 2026 figure is the highest quarterly EV to FCF since Q4 2019.
- On a year-over-year basis, EV to FCF rose in four of the last eight quarters, with growth averaging 0.5%.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 61.3% in Q3 2021, against a decline of 25.4% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 11.61 (Q1 2026), 9.86 (Q4 2025) and 10.75 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 104.84 Bn | 100.44 Bn | 4.84 Bn |
| 2 | Williams Companies | 89.20 Bn | 87.92 Bn | 2.54 Bn |
| 3 | Enterprise Products Partners | 79.12 Bn | 77.51 Bn | - |
| 4 | Kinder Morgan | 75.45 Bn | 75.15 Bn | 3.07 Bn |
| 5 | Energy Transfer | 69.26 Bn | 62.44 Bn | 7.40 Bn |
| 6 | Tc Energy | 64.74 Bn | 60.82 Bn | 2.81 Bn |
| 7 | Targa Resources | 63.52 Bn | 63.00 Bn | 2.14 Bn |
| 8 | Cheniere Energy | 59.48 Bn | 54.30 Bn | 5.29 Bn |
| 9 | Mplx | 59.26 Bn | 52.82 Bn | 2.91 Bn |
| 10 | Western Midstream Partners | 17.75 Bn | 16.00 Bn | 1.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.74 |
| Mar 31, 2026 | 11.61 |
| Dec 31, 2025 | 9.86 |
| Sep 30, 2025 | 10.75 |
| Jun 30, 2025 | 10.08 |
| Mar 31, 2025 | 10.20 |
| Dec 31, 2024 | 10.41 |
| Sep 30, 2024 | 10.65 |
| Jun 30, 2024 | 13.52 |
| Mar 31, 2024 | 13.19 |
| Dec 31, 2023 | 11.73 |
| Sep 30, 2023 | 9.89 |
| Jun 30, 2023 | 8.91 |
| Mar 31, 2023 | 8.71 |
| Dec 31, 2022 | 8.28 |
| Sep 30, 2022 | 6.62 |
| Jun 30, 2022 | 6.49 |
| Mar 31, 2022 | 6.86 |
| Dec 31, 2021 | 6.05 |
| Sep 30, 2021 | 6.32 |
API Access
Western Midstream Partners EV to FCF 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-fcf&ticker=WES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=WES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();