Western Midstream Partners LP (WES) - Total Assets
Based on the latest financial reports, Western Midstream Partners LP (WES) holds total assets worth $14.92 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore WES long-term investments to assets to see how much of total assets are deployed in long-term investments.
Western Midstream Partners LP - Total Assets Trend (2006–2025)
This chart illustrates how Western Midstream Partners LP's total assets have evolved over time, based on quarterly financial data. Check how resilient are Western Midstream Partners LP's assets to evaluate the company's liquid asset resilience ratio.
Western Midstream Partners LP - Asset Composition Analysis
Current Asset Composition (December 2025)
Western Midstream Partners LP's total assets of $14.92 Billion consist of 11.1% current assets and 89.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $819.49 Million | 5.5% |
| Accounts Receivable | $788.80 Million | 5.3% |
| Inventory | $12.84 Million | 0.1% |
| Property, Plant & Equipment | $11.41 Billion | 76.1% |
| Intangible Assets | $913.76 Million | 6.1% |
| Goodwill | $353.26 Million | 2.4% |
Asset Composition Trend (2006–2025)
This chart illustrates how Western Midstream Partners LP's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see WES market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Western Midstream Partners LP's current assets represent 11.1% of total assets in 2025, an increase from 0.0% in 2006.
- Cash Position: Cash and equivalents constituted 5.5% of total assets in 2025, up from 0.1% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 8.0% of total assets, an increase from 2.0% in 2006.
- Asset Diversification: The largest asset category is property, plant & equipment at 76.1% of total assets.
Western Midstream Partners LP Competitors by Total Assets
Key competitors of Western Midstream Partners LP based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Cheniere Energy Partners LP
NYSE MKT:CQP
|
USA | $16.83 Billion |
|
South Bow Corporation
TO:SOBO
|
Canada | CA$11.25 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
China | CN¥13.65 Billion |
|
FLEX LNG Ltd
F:0QQA
|
Germany | €2.68 Billion |
|
NAVIGATOR HLDGS LTD
F:1NV
|
Germany | €2.28 Billion |
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
China | CN¥13.96 Billion |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
Argentina | AR$1.30 Trillion |
|
CMB.TECH NV
BR:CMBT
|
Belgium | €8.37 Billion |
Western Midstream Partners LP - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.09 | 1.18 | 0.79 |
| Quick Ratio | 1.08 | 1.17 | 0.78 |
| Cash Ratio | 0.00 | 0.44 | 0.27 |
| Working Capital | $132.25 Million | $178.97 Million | $-240.42 Million |
Western Midstream Partners LP - Advanced Valuation Insights
This section examines the relationship between Western Midstream Partners LP's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.09 |
| Latest Market Cap to Assets Ratio | 1.15 |
| Asset Growth Rate (YoY) | 14.1% |
| Total Assets | $15.00 Billion |
| Market Capitalization | $17.31 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Western Midstream Partners LP's assets above their book value (1.15x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Western Midstream Partners LP's assets grew by 14.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Western Midstream Partners LP (2006–2025)
The table below shows the annual total assets of Western Midstream Partners LP from 2006 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $15.00 Billion | +14.10% |
| 2024-12-31 | $13.14 Billion | +5.40% |
| 2023-12-31 | $12.47 Billion | +10.65% |
| 2022-12-31 | $11.27 Billion | -0.01% |
| 2021-12-31 | $11.27 Billion | -4.71% |
| 2020-12-31 | $11.83 Billion | -4.18% |
| 2019-12-31 | $12.35 Billion | +33.64% |
| 2018-12-31 | $9.24 Billion | +15.25% |
| 2017-12-31 | $8.02 Billion | +3.62% |
| 2016-12-31 | $7.74 Billion | +15.30% |
| 2015-12-31 | $6.71 Billion | -0.64% |
| 2014-12-31 | $6.75 Billion | +57.73% |
| 2013-12-31 | $4.28 Billion | +23.13% |
| 2012-12-31 | $3.48 Billion | +22.53% |
| 2011-12-31 | $2.84 Billion | +60.72% |
| 2010-12-31 | $1.77 Billion | +62.84% |
| 2009-12-31 | $1.08 Billion | +4.94% |
| 2008-12-31 | $1.03 Billion | +174.31% |
| 2007-12-31 | $376.64 Million | +13.37% |
| 2006-12-31 | $332.23 Million | -- |
About Western Midstream Partners LP
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company 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 of produced water. It also buys and s… Read more