About
About Western Midstream Partners LP
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
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5 years, 4 months ago
Western Midstream Partners, LP is currently in a long term uptrend where the price is trading 24.8% above its 200 day moving average.
From a valuation standpoint, the stock is 62.7% cheaper than other stocks from the Energy sector with a price to sales ratio of 3.0.
Western Midstream Partners, LP's total revenue sank by 10.5% to $647M since the same quarter in the previous year.
Its net income has dropped by 14.4% to $246M since the same quarter in the previous year.
Finally, its free cash flow grew by 989.1% to $608M since the same quarter in the previous year.
Based on the above factors, Western Midstream Partners, LP gets an overall score of 3/5.