Western Midstream Partners (WES) Total Debt (2012 - 2026)
Western Midstream Partners' Total Debt came in at $9.05 billion for Q2 2026, up 30.5% from $6.94 billion a year earlier and up 4.8% from the prior quarter.
Western Midstream Partners (WES) Total Debt (2012 - 2026) Analysis & Trends
At the end of FY2025, Western Midstream Partners' Total Debt was $8.64 billion, up 8.9% from FY2024.
- Total Debt has increased in each of the last three years, with a five-year compound annual growth rate of 1.9% (FY2020 to FY2025).
- Going back by year, Total Debt was $7.94 billion in FY2024 (+0.5%), $7.9 billion in FY2023 (+16.4%), $6.79 billion in FY2022 (-1.8%) and $6.91 billion in FY2021 (-12.1%).
- The Q2 2026 figure represents the highest quarterly Total Debt in data going back to Q4 2012.
- Year-over-year, Total Debt has increased for three consecutive quarters, with growth averaging 6.4% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q2 2026 (growth of 30.5%), and the weakest in Q3 2025 (a decline of 12.6%).
- Business Quant data shows WES's Total Debt at $8.64 billion (Q1 2026), $8.64 billion (Q4 2025) and $6.94 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 105.09 Bn | 100.69 Bn | 4.84 Bn | 78.92 Bn |
| 2 | Williams Companies | 89.55 Bn | 88.26 Bn | 2.54 Bn | 6.64 Bn |
| 3 | Enterprise Products Partners | 79.50 Bn | 77.89 Bn | - | 33.23 Bn |
| 4 | Kinder Morgan | 76.10 Bn | 75.80 Bn | 3.07 Bn | 32.25 Bn |
| 5 | Energy Transfer | 69.39 Bn | 62.58 Bn | 7.40 Bn | 68.41 Bn |
| 6 | Tc Energy | 65.05 Bn | 61.14 Bn | 2.81 Bn | 11.91 Bn |
| 7 | Targa Resources | 63.77 Bn | 63.25 Bn | 2.14 Bn | 19.58 Bn |
| 8 | Cheniere Energy | 59.98 Bn | 54.81 Bn | 5.29 Bn | 24.04 Bn |
| 9 | Mplx | 59.45 Bn | 53.01 Bn | 2.91 Bn | 26.01 Bn |
| 10 | Western Midstream Partners | 17.87 Bn | 16.12 Bn | 1.11 Bn | 9.05 Bn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.05 Bn |
| Mar 31, 2026 | 8.64 Bn |
| Dec 31, 2025 | 8.64 Bn |
| Sep 30, 2025 | 6.94 Bn |
| Jun 30, 2025 | 6.94 Bn |
| Mar 31, 2025 | 7.28 Bn |
| Dec 31, 2024 | 7.94 Bn |
| Sep 30, 2024 | 7.94 Bn |
| Jun 30, 2024 | 7.15 Bn |
| Mar 31, 2024 | 7.38 Bn |
| Dec 31, 2023 | 7.90 Bn |
| Sep 30, 2023 | 7.26 Bn |
| Jun 30, 2023 | 6.83 Bn |
| Mar 31, 2023 | 6.70 Bn |
| Dec 31, 2022 | 6.79 Bn |
| Sep 30, 2022 | 7.03 Bn |
| Jun 30, 2022 | 6.66 Bn |
| Mar 31, 2022 | 6.91 Bn |
| Dec 31, 2021 | 6.91 Bn |
| Sep 30, 2021 | 7.13 Bn |
Western Midstream Partners Total Debt 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=total-debt&ticker=WES&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=WES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();