Western Midstream Partners LP (WES) — Capital Reinvestment Ratio
Western Midstream Partners LP (WES) has a Capital Reinvestment Ratio of 1.41x as of June 2026, meaning it reinvests 1% of its operating cash flow ($524.85 Million) in capital expenditures ($741.79 Million). Check Western Midstream Partners LP tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Western Midstream Partners LP Capital Reinvestment Ratio (2006–2025)
This chart tracks Western Midstream Partners LP's Capital Reinvestment Ratio across 20 annual periods. For the full cash flow conversion analysis, see WES cash generation efficiency.
Annual Capital Reinvestment Ratio for Western Midstream Partners LP (2006–2025)
Year-by-year Capital Reinvestment Ratio for Western Midstream Partners LP from 2006 to 2025. See Western Midstream Partners LP (WES) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.33x | $2.19 Billion | $727.99 Million | ▼ -16.0% |
| 2024 | 0.40x | $2.11 Billion | $833.86 Million | ▼ -11.3% |
| 2023 | 0.45x | $1.65 Billion | $735.08 Million | ▲ +55.7% |
| 2022 | 0.29x | $1.70 Billion | $487.23 Million | ▲ +61.3% |
| 2021 | 0.18x | $1.77 Billion | $313.67 Million | ▼ -31.3% |
| 2020 | 0.26x | $1.64 Billion | $423.09 Million | ▼ -71.2% |
| 2019 | 0.90x | $1.32 Billion | $1.19 Billion | ▼ -23.5% |
| 2018 | 1.17x | $1.02 Billion | $1.19 Billion | ▲ +56.1% |
| 2017 | 0.75x | $897.41 Million | $675.02 Million | ▲ +43.1% |
| 2016 | 0.53x | $913.08 Million | $479.99 Million | ▼ -41.8% |
| 2015 | 0.90x | $666.77 Million | $602.29 Million | ▼ -28.7% |
| 2014 | 1.27x | $530.97 Million | $673.00 Million | ▼ -19.2% |
| 2013 | 1.57x | $412.30 Million | $646.47 Million | ▼ -36.5% |
| 2012 | 2.47x | $186.11 Million | $459.31 Million | ▲ +371.7% |
| 2011 | 0.52x | $273.22 Million | $142.95 Million | ▲ +47.8% |
| 2010 | 0.35x | $217.07 Million | $76.83 Million | ▼ -35.1% |
| 2009 | 0.55x | $113.96 Million | $62.17 Million | ▼ -12.5% |
| 2008 | 0.62x | $216.79 Million | $135.19 Million | ▼ -66.6% |
| 2007 | 1.87x | $73.22 Million | $136.87 Million | ▲ +20.7% |
| 2006 | 1.55x | $27.32 Million | $42.30 Million | — |