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Western Midstream Partners profit margin WES

Gross, operating and net profit as a share of revenue over the last twelve months, from 2012.

Net margin, 12 months
29.6%
Operating margin, 12 months
40.2%
Net margin on a year earlier
−5.0 pts
Peer median
22.3%

Over the twelve months to Jun 30, 2026, Western Midstream Partners kept 29.6% of its revenue as net profit, with an operating margin of 40.2% and a gross margin of 92.1%.

Five years earlier its net margin was 34.1%.

The median for 10 oil and gas pipeline stocks of a similar size is 22.3%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY202530.7%41.7%94.6%
FY202443.6%54.7%95.2%
FY202332.9%44.4%94.7%
FY202237.4%48.8%87.1%
FY202131.8%46.4%88.8%
FY202019.0%31.7%93.2%
FY201925.4%44.8%83.8%
FY201824.0%37.5%81.9%
FY201716.8%31.3%n/a
FY201619.2%39.0%n/a
FY20159.4%8.8%n/a
FY201417.3%34.4%n/a
FY201315.5%30.8%n/a
FY20126.7%21.3%n/a

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY2629.6%−5.0 pts40.2%
Q1 FY2630.2%−5.9 pts41.0%
Q4 FY2530.7%−12.9 pts41.7%
Q3 FY2535.4%−7.8 pts46.0%
Q2 FY2534.7%−9.6 pts45.6%
Q1 FY2536.0%−6.6 pts46.8%
Q4 FY2443.6%+10.7 pts54.7%
Q3 FY2443.2%+7.9 pts54.8%
Q2 FY2444.3%+10.0 pts55.5%
Q1 FY2442.7%+8.2 pts54.3%
Q4 FY2332.9%−4.5 pts44.4%
Q3 FY2335.3%+0.1 pts46.8%

Against its peers

Companies in Oil & Gas Midstream nearest Western Midstream Partners' size, closest first, today.

CompanyProfit margin
WESWestern Midstream Partners29.6%
DTMDT Midstream35.7%
CQPCheniere Energy Partners27.3%
VGVenture Global22.3%
AMAntero Midstream30.4%
KNTKKinetik10.4%
SWXSouthwest Gas29.8%
MPLXMPLX Lpn/m
OKEONEOK9.3%
LNGCheniere Energy13.6%
TRGPTarga Resources13.5%
Peer median22.3%

Where Western Midstream Partners ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Western Midstream Partners

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.