Western Midstream Partners (WES) Intangibles (2011 - 2026)
Western Midstream Partners' Intangibles was $1.41 billion in Q3 2026, up 125.0% from $625.99 million a year earlier and up 1.7% from the prior quarter.
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Analysis
Western Midstream Partners (WES) Intangibles (2011 - 2026) Analysis & Trends
At the end of FY2025, Intangibles at Western Midstream Partners came in at $913.76 million, up 40.6% from FY2024.
- Intangibles shows a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- In earlier years, Intangibles was $649.74 million in FY2024 (-4.6%), $681.41 million in FY2023 (-4.4%), $713.08 million in FY2022 (-4.3%) and $744.74 million in FY2021 (-4.1%).
- The Q3 2026 figure marks the highest quarterly Intangibles in data going back to Q4 2011.
- Compared with a year earlier, Intangibles has increased for four straight quarters, with growth averaging 38.2% over the last eight quarters.
- The best year-over-year quarter for Intangibles over five years was Q3 2026 (growth of 125.0%); the worst was Q3 2025 (a decline of 4.8%).
- Per Business Quant data, WES's Intangibles in the three quarters before Q3 2026 was $1.38 billion (Q2 2026), $901.91 million (Q1 2026) and $913.76 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 2.76 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 | 3.99 Bn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 1.82 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 7.06 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 2.00 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | - |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 1.28 Bn |
| 10 | Western Midstream Partners | 17.45 Bn | 15.97 Bn | 1.07 Bn | 1.41 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.41 Bn |
| Jun 30, 2026 | 1.38 Bn |
| Mar 31, 2026 | 901.91 Mn |
| Dec 31, 2025 | 913.76 Mn |
| Sep 30, 2025 | 625.99 Mn |
| Jun 30, 2025 | 633.91 Mn |
| Mar 31, 2025 | 641.82 Mn |
| Dec 31, 2024 | 649.74 Mn |
| Sep 30, 2024 | 657.66 Mn |
| Jun 30, 2024 | 665.57 Mn |
| Mar 31, 2024 | 673.49 Mn |
| Dec 31, 2023 | 681.41 Mn |
| Sep 30, 2023 | 689.32 Mn |
| Jun 30, 2023 | 697.24 Mn |
| Mar 31, 2023 | 705.16 Mn |
| Dec 31, 2022 | 713.08 Mn |
| Sep 30, 2022 | 720.99 Mn |
| Jun 30, 2022 | 728.91 Mn |
| Mar 31, 2022 | 736.83 Mn |
| Dec 31, 2021 | 744.74 Mn |
API Access
Western Midstream Partners Intangibles 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=intangibles&ticker=WES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=WES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();