WES MLP — Western Midstream Partners LP

Western Midstream Partners LP (WES)

Updated October 16, 2026.

WES is a MLP. its distribution rate is 8.34%, its trailing-12-month yield is 8.25%. Dividend Vision Distribution Safety Score™ is 100/100 (Safe). Total return is 302.0% over the past 13.9 years, 279.3 points behind SPY at 581.3%.

WES performance versus SPY

Price and return data through 2026-10-16.

Total return is 302.0% over the past 13.9 years, 279.3 points behind SPY at 581.3%. Over the past year its total return — price change plus distributions reinvested — is 29.4%. Its deepest 1-year drawdown was 11.4%.

WES key facts

Distribution Safety Score™

100 · Safe

Safety-Adjusted Yield

8.34%

Issuer

Western Midstream

Asset type

MLP

Asset class

Equity

Distribution rate

8.34%

Distribution frequency

Quarterly

Trailing yield

8.25%

5-year average yield

7.48

Last close

$44.62 (stale; as of 2026-10-16)

Market cap

$18,435,850,340

Average volume

2095400.0

Dividend

$0.93

Ex-dividend date

07/31/2026

Payment date

08/14/2026

Beta

0.708

Payout ratio

113.9%

P/E ratio

14.12

Forward P/E

11.2994

EPS

$3.16

How Dividend Vision calculates yield and returns

Distribution rate (8.34%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (8.25%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Western Midstream or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

WES risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.4%.

Who may consider WES — and who may not

WES may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (WES pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on WES

• ETFs holding WES
• All tickers starting with W

Tagged: MLP, Midstream energy, Energy.

Frequently asked questions

More securities from Western Midstream.