Is Western Midstream Partners, LP a good dividend stock?

Western Midstream Partners, LP (WES) is a dividend-paying stock with a current dividend yield of 8.02%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is WES's dividend yield?

The dividend yield for WES stock is currently 8.02%.

How much does WES pay in dividends per year?

Western Midstream Partners, LP pays an annual dividend of $3.6600 per share over the trailing twelve months.

How often does WES pay dividends?

WES stock pays dividends quarterly.

Is WES's dividend growing?

Western Midstream Partners, LP's 3-year dividend CAGR is 15.82%.

WES Stock Price, Chart, Stats & News

Western Midstream Partners, LP

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Overview Dividend safety Dividends Fundamentals

Western Midstream Partners, LP (WES) is a dividend-paying stock with a current dividend yield of 8.02% as of Jul 15, 2026. It pays $3.66 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 24.01% 5-year compound annual rate.

18.86B

Market cap

14.92x

Current P/E

14.97x

Forward P/E

8.02%

Dividend yield

$3.66

WES dividend

Dividend safety

At-risk

WES pays out about 120% of earnings, leaving little safety margin.

See the safety analysis

WES chart

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Fundamentals

Gross margin	68.46%
Operating margin	41.26%
Pretax margin	31.94%
Net margin	30.43%
Effective tax rate	1.23%
ROA	7.80%
ROE	34.44%
D/E	2.22x
Interest coverage ratio	4.06x

All financials

WES valuation

P/E	14.92x
P/S	4.44x
P/B	4.16x
P/CF	7.52x
P/FCF	11.40x
P/OCF	7.52x
PEG	-1.25x
EV multiple	3.88x

About

Western Midstream Partners, LP, an energy infrastructure company operating with its subsidiaries, primarily acquires, owns, develops, and manages assets across the United States. Its core functions include the collection, compression, treatment, processing, and transportation of natural gas. The firm also handles the gathering, stabilization, and conveyance of condensate, natural gas liquids (NGLs), and crude oil, alongside the collection and disposal of water generated during production.