WES
Western Midstream·NYSE
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WES fundamentals
Western Midstream (WES) released its earnings on Feb 18, 2026: revenue was 1.03B (YoY +11.09%), beat estimates; EPS was 0.47 (YoY -44.71%), missed estimates.
Revenue / YoY
1.03B
+11.09%
EPS / YoY
0.47
-44.71%
Report date
Feb 18, 2026
WES Earnings Call Summary for Q4,2025
- Record 2025 Performance: $2.48B adjusted EBITDA and $1.53B free cash flow, driven by Delaware and DJ Basin growth and $40M cost synergies from Aris integration.
- 2026 Growth Outlook: 5% EBITDA growth (midpoint $2.6B) despite moderate throughput declines in DJ and PRB basins. Delaware Basin natural gas flat, crude/NGLs down low-single digits.
- Waha Pricing Challenges: Curtailments expected through H1 2026, with new egress and commercial solutions to mitigate impact.
- Water Business Expansion: Produced water throughput to grow >80% YoY in 2026, with rising interest in Pathfinder pipeline and beneficial reuse leadership.
- Disciplined Capital Allocation: 2026 capex reduced to $925M midpoint, preserving flexibility for value-accretive opportunities.
EPS
Actual | -0.57 | 0.6 | 0.55 | 0.62 | 0.44 | 0.55 | 0.61 | 0.58 | 0.75 | 0.74 | 0.66 | 0.85 | 0.52 | 0.64 | 0.7 | 0.74 | 1.47 | 0.97 | 0.74 | 0.85 | 0.79 | 0.87 | 0.87 | 0.47 | ||||||||||
Forecast | 0.5016 | 0.4994 | 0.5084 | 0.5882 | 0.5422 | 0.5736 | 0.6299 | 0.6537 | 0.6154 | 0.7672 | 0.7425 | 0.7222 | 0.64 | 0.664 | 0.633 | 0.7873 | 0.7659 | 0.8383 | 0.8344 | 0.849 | 0.8326 | 0.8291 | 0.8804 | 0.845 | ||||||||||
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -213.64% | +20.14% | +8.18% | +5.41% | -18.85% | -4.11% | -3.16% | -11.27% | +21.87% | -3.55% | -11.11% | +17.70% | -18.75% | -3.61% | +10.58% | -6.01% | +91.93% | +15.71% | -11.31% | +0.12% | -5.12% | +4.93% | -1.18% | -44.38% |
Revenue
Actual | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 774.31M | 671.75M | 679.04M | 647.48M | 674.97M | 719.13M | 763.84M | 719.21M | 758.30M | 876.42M | 837.57M | 779.44M | 733.98M | 738.27M | 776.01M | 858.21M | 887.73M | 905.63M | 883.36M | 928.50M | 917.12M | 942.32M | 952.48M | 1.03B |
Forecast | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 709.78M | 704.18M | 662.92M | 663.58M | 654.34M | 682.56M | 731.20M | 762.52M | 730.94M | 796.73M | 860.33M | 816.35M | 759.13M | 795.73M | 798.38M | 850.23M | 868.22M | 904.94M | 924.83M | 926.39M | 919.59M | 940.11M | 961.00M | 1.03B |
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | +9.09% | -4.60% | +2.43% | -2.43% | +3.15% | +5.36% | +4.46% | -5.68% | +3.74% | +10.00% | -2.65% | -4.52% | -3.31% | -7.22% | -2.80% | +0.94% | +2.25% | +0.08% | -4.48% | +0.23% | -0.27% | +0.23% | -0.89% | +0.16% |
Earnings Call
You can ask Aime
What is Western Midstream's latest dividend and current dividend yield?What factors drove the changes in Western Midstream's revenue and profit?What were the key takeaways from Western Midstream’s earnings call?Did Western Midstream beat or miss consensus estimates last quarter?What does Western Midstream do and what are its main business segments?What is Western Midstream's gross profit margin?What guidance did Western Midstream's management provide for the next earnings period?What were the key takeaways from Western Midstream's earnings call?
