
WES Stock Forecast & Price Target
WES Analyst Ratings
Bulls say
Western Midstream Partners LP is positioned favorably due to anticipated increases in Adjusted EBITDA driven by higher volumes and improved gross margins for oil, natural gas liquids (NGLs), and water, despite some challenges in natural gas margins. The company has demonstrated strong commercial activities, securing new contracts in key regions and enhancing operational efficiency, which is expected to further bolster EBITDA growth. Additionally, strategic partnerships for gas processing agreements and the potential for increased drilling in lucrative liquids-rich basins provide further catalysts for growth in the upcoming years.
Bears say
Western Midstream Partners LP reported third-quarter results that fell short of consensus estimates while providing a revised outlook that indicates a slight decline in expected crude oil, NGLs, and produced water throughput for the year. Key risks contributing to a negative outlook include potential regulatory challenges in Colorado, cost overruns or delays on growth projects, and a significant decline in commodity prices, which could diminish drilling activity across systems lacking minimum volume commitments. Additionally, the detrimental impact of incentive distribution rights (IDRs) on corporate governance poses further concerns for investor confidence in Western Midstream's long-term performance.
This aggregate rating is based on analysts' research of Western Gas Partners and is not a guaranteed prediction by Public.com or investment advice.
WES Analyst Forecast & Price Prediction
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