Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
P/B ratio for Western Midstream Partners, LP (WES)
P/B ratio as of 2023: 3.87
According to Western Midstream Partners, LP's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 3.87. At the end of 2022 the company had a P/B ratio of 3.41.
P/B ratio history for Western Midstream Partners, LP from 2007 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 3.87 |
| 2022 | 3.41 |
| 2021 | 2.96 |
| 2020 | 2.08 |
| 2019 | 2.45 |
| 2018 | -2.13 |
| 2017 | 2.06 |
| 2016 | 2.26 |
| 2015 | 2.28 |
| 2014 | 3.29 |
| 2013 | 3.34 |
| 2012 | 3.15 |
| 2011 | -4.07 |
| 2010 | -6.47 |
| 2009 | -7.90 |
| 2008 | -14.16 |
| 2007 | 0.00 |