Western Midstream Partners LP (WES) — Cash Flow Reinvestment Rate
Western Midstream Partners LP (WES) has a Cash Flow Reinvestment Rate of 1.41x as of June 2026, reinvesting $741.79 Million (capex $741.79 Million ) from operating cash flow of $524.85 Million. See WES FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Western Midstream Partners LP Cash Flow Reinvestment Rate (2006–2025)
Historical reinvestment intensity for Western Midstream Partners LP across 20 annual periods. For the full cash flow conversion analysis, see WES cash flow metrics.
Annual Cash Flow Reinvestment Rate for Western Midstream Partners LP (2006–2025)
Year-by-year capital reinvestment analysis for Western Midstream Partners LP. See Western Midstream Partners LP leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.33x | $727.99 Million | $2.19 Billion | $727.99 Million | ▼ -19.8% |
| 2024 | 0.41x | $873.02 Million | $2.11 Billion | $833.86 Million | ▼ -39.9% |
| 2023 | 0.69x | $1.14 Billion | $1.65 Billion | $735.08 Million | ▲ +112.7% |
| 2022 | 0.32x | $551.12 Million | $1.70 Billion | $487.23 Million | ▲ +0.2% |
| 2021 | 0.32x | $571.21 Million | $1.77 Billion | $313.67 Million | ▲ +16.3% |
| 2020 | 0.28x | $455.25 Million | $1.64 Billion | $423.09 Million | ▼ -69.8% |
| 2019 | 0.92x | $1.22 Billion | $1.32 Billion | $1.19 Billion | ▼ -23.2% |
| 2018 | 1.20x | $1.22 Billion | $1.02 Billion | $1.19 Billion | ▲ +54.2% |
| 2017 | 0.78x | $698.11 Million | $897.41 Million | $675.02 Million | ▲ +41.7% |
| 2016 | 0.55x | $501.23 Million | $913.08 Million | $479.99 Million | ▼ -40.8% |
| 2015 | 0.93x | $618.53 Million | $666.77 Million | $602.29 Million | ▼ -28.7% |
| 2014 | 1.30x | $691.06 Million | $530.97 Million | $673.00 Million | ▼ -17.0% |
| 2013 | 1.57x | $646.47 Million | $412.30 Million | $646.47 Million | ▼ -36.5% |
| 2012 | 2.47x | $459.31 Million | $186.11 Million | $459.31 Million | ▲ +371.7% |
| 2011 | 0.52x | $142.95 Million | $273.22 Million | $142.95 Million | ▲ +47.8% |
| 2010 | 0.35x | $76.83 Million | $217.07 Million | $76.83 Million | ▼ -35.1% |
| 2009 | 0.55x | $62.17 Million | $113.96 Million | $62.17 Million | ▼ -12.5% |
| 2008 | 0.62x | $135.19 Million | $216.79 Million | $135.19 Million | ▼ -66.6% |
| 2007 | 1.87x | $136.87 Million | $73.22 Million | $136.87 Million | ▲ +20.7% |
| 2006 | 1.55x | $42.30 Million | $27.32 Million | $42.30 Million | — |