Western Midstream Partners WES Peer Comparison

NYSE WES
$42.22 +0.44 (+1.05%)
At close: Nov 13, 2026 · 4:00 PM EST
Peer Comparison

86 Comparable Companies

Industry Group Oil and Gas Midstream

Western Midstream Partners, LP (WES) is the 27th largest of 86 Oil and Gas Midstream companies by market capitalisation, at 17.45 Bn, behind HF Sinclair at 17.51 Bn. It trades on a P/E of 13.96, 7% above the peer median of 13.08. The table below compares all 86 on 7 financial metrics, including companies with a secondary business in the group.

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# Symbol Company Industry Mkt Cap Price Chg % 1Y P/E P/S Enterprise Value
1 COP 2nd Conocophillips LNG and Gas Processing 168.32 Bn 142.36 +1.61% +59.20% 14.72 2.41 137.35 Bn
2 MPC 2nd Marathon Petroleum Oil and Gas Pipelines 112.89 Bn 414.61 +0.43% +113.08% 7.91 0.64 92.33 Bn
3 SO 2nd Southern Oil and Gas Pipelines 108.97 Bn 93.60 +1.23% +2.67% 21.69 3.49 101.63 Bn
4 ENB Enbridge Oil and Gas Pipelines 106.26 Bn 47.67 -0.94% -1.22% 22.98 1.64 104.14 Bn
5 CNQ 2nd Canadian Natural Resources Oil and Gas Pipelines 103.54 Bn 49.74 +1.26% +52.81% 10.22 2.57 97.44 Bn
6 WMB Williams Companies Oil and Gas Pipelines 86.41 Bn 69.12 -0.49% +15.99% 27.40 6.91 89.20 Bn
7 EPD Enterprise Products Partners Oil and Gas Pipelines 82.58 Bn 38.29 +2.43% +20.56% 12.54 1.28 80.98 Bn
8 EOG 2nd Eog Resources Oil and Gas Pipelines 82.09 Bn 158.33 +1.74% +44.94% 10.02 2.76 64.19 Bn
9 KMI Kinder Morgan Oil and Gas Pipelines 71.13 Bn 31.93 -0.28% +18.74% 19.76 3.88 71.22 Bn
10 TRP Tc Energy Oil and Gas Pipelines 67.40 Bn 64.76 +0.34% +18.96% 24.01 5.34 71.05 Bn
11 ET Energy Transfer Oil and Gas Pipelines 66.89 Bn 19.42 +0.10% +16.78% 12.79 0.54 62.98 Bn
12 TRGP Targa Resources Oil and Gas Pipelines 63.77 Bn 297.33 +0.32% +75.20% 26.06 3.51 62.98 Bn
13 LNG Cheniere Energy LNG and Gas Processing 63.04 Bn 308.70 -0.26% +44.73% 20.96 2.71 62.60 Bn
14 OXY 2nd Occidental Petroleum Oil and Gas Pipelines 58.75 Bn 58.76 +0.60% +39.84% 7.79 2.35 44.40 Bn
15 MPLX Mplx Oil and Gas Pipelines 58.00 Bn 57.25 +1.20% +10.20% 13.36 4.39 52.25 Bn
16 OKE Oneok Oil and Gas Pipelines 56.58 Bn 89.74 +1.00% +29.23% 13.93 1.31 65.12 Bn
17 DVN 2nd Devon Energy Oil and Gas Pipelines 53.10 Bn 46.59 +0.78% +32.96% 14.78 2.23 -1.76 Tn
18 SRE 2nd Sempra LNG and Gas Processing 52.05 Bn 79.55 +0.72% -13.74% 23.74 3.83 84.86 Bn
19 BKR 2nd Baker Hughes LNG and Gas Processing 49.10 Bn 49.44 +1.19% +4.06% 16.94 1.71 11.25 Bn
20 WDS 2nd Woodside Energy LNG and Gas Processing 40.08 Bn 21.08 -0.71% +23.27% — — 26.09 Bn
21 EQT 2nd Eqt Oil and Gas Pipelines 33.04 Bn 52.82 +0.86% -12.33% 12.46 3.53 35.97 Bn
22 CQP Cheniere Energy Partners LNG and Gas Processing 30.00 Bn 61.98 +1.59% +18.87% 9.17 2.57 28.53 Bn
23 PBA Pembina Pipeline Oil and Gas Pipelines 29.24 Bn 50.32 +0.58% +33.23% 23.32 4.91 28.75 Bn
24 L 2nd Loews Oil and Gas Pipelines 22.63 Bn 111.90 +0.03% +7.19% 15.37 1.20 -1.51 Bn
25 OVV 2nd Ovintiv Oil and Gas Pipelines 17.67 Bn 65.39 +0.76% +68.49% 13.52 1.71 16.49 Bn
Rows

About these peers

Who are Western Midstream Partners, LP's peers and competitors?

Western Midstream Partners, LP (WES) is compared with 86 US-listed companies in the Oil and Gas Midstream industry group, of which 35 have it as their primary business and 51 run a substantial Oil and Gas Midstream business alongside something else.

How are these peers chosen?

Peers are every company that BQ-MICS, our own multi-industry classification system, places in the same industry group as Western Midstream Partners, LP. Unlike a single-label scheme, BQ-MICS assigns each company a primary industry and any secondary industries it genuinely operates in, and records the reasoning behind every assignment. Tap the info icon beside any ticker to read it.

What does "2nd" next to a ticker mean?

It marks a secondary match: the company operates a real business in this industry group, but it is not its largest. Tick "Primary business only" above the table to compare against pure plays alone.

How often is this peer comparison updated?

Prices, market caps and valuation figures refresh with each session's close. The classification itself is reviewed whenever a company's filings change what it does, such as a new segment, a disposal or an acquisition.

Can I compare these peers on other metrics?

Yes. Use Edit Columns above the table to add any of 1,000+ financial metrics and ratios to the comparison, and Download Data to export it.

Western Midstream Partners, LP Peers API

Pull Western Midstream Partners, LP's industry peers, with any metrics you choose plus the industry median and average, in one call with the Business Quant Peers API. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/peers?ticker=WES&cols=Revenue%20(Quarter),Net%20Income%20(Quarter)&api_key=YOUR_API_KEY