Western Midstream Partners (WES) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.74
- Estimate
- $0.92
- Surprise
- -19.2%
- Revenue (period 2026-09-30)
- $1.19B
- Score at report (before → after)
- 6.4 → 6.4/10
Revenue source: xbrl.
How the report landed
Western Midstream Partners (WES) missed the $0.92 estimate with adjusted EPS of $0.74 — a large 19.2% shortfall. TrendMatrix's engine moved from Buy (Wait) (6.4/10) to Hold at 6.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates WES Hold at 6.2/10.
2 of the last 4 quarters beat the estimate; this quarter's -19.2% surprise compares with a -9.7% four-quarter average. Next scheduled report: 2027-02-17.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.7 in RISK_OFF)
- Sector modifier (Energy): +1.2
What argues against it
- Concentration risk — Customer: Occidental (60.0%)
- Thin upside margin: 7.1%
- Leverage penalty (D/E 2.1): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $40.24
- Price target
- $43.10
- Stop
- $38.24
- Upside to target
- +7.1%
- Reward-to-risk
- 1.4:1
The stock trades at 13.0× trailing but 10.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — shown for context, not personalized investment advice.
WES at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Midstream
- Market cap
- $16.47B
- P/E (fwd)
- 10.3
- P/E (ttm)
- 13.0
- 52-week range
- $37.75–$50.07
- Off 52-week high
- 19.6%
- RSI (14)
- 32
- Volume vs avg
- 0.35×
- Score today
- 6.2/10