WES MLP — Western Midstream Partners LP

Western Midstream Partners LP (WES)

WES is a MLP. As of September 3, 2026, its distribution rate is 7.56%, its trailing-12-month yield is 7.48%. Dividend Vision Distribution Safety Score™ is 100/100 (Safe). Total return is 343.1% over the past 13.7 years, 245.4 points behind SPY at 588.5%.

At the current 7.56% distribution rate, a $10,000 investment would generate approximately $756 per year, or $63.00 per month on an equivalent basis. Actual quarterly payments vary.

WES performance versus SPY

Data as of September 3, 2026.

Total return is 343.1% over the past 13.7 years, 245.4 points behind SPY at 588.5%. Its deepest 1-year drawdown was 11.0%.

WES key facts

Data as of September 3, 2026.

Distribution Safety Score™

100 · Safe

Safety-Adjusted Yield

7.56%

Issuer

Western Midstream

Asset type

MLP

Asset class

Equity

Distribution rate

7.56%

Distribution frequency

Quarterly

Trailing yield

7.48%

5-year average yield

7.62

Last close

$49.19

Market cap

$20,324,058,230

Average volume

615270.0

Last dividend

$0.93

Last ex-dividend date

07/31/2026

Last payment date

08/14/2026

Beta

0.657

Payout ratio

1.1393

P/E ratio

15.57

Forward P/E

11.6686

EPS

$3.16

How Dividend Vision calculates yield and returns

Distribution rate (7.56%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (7.48%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. 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. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

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 11.0%.

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.

Frequently asked questions

More securities from Western Midstream.