For the quarter ended September 2026, Western Midstream (WES) reported revenue of $1.19 billion, up 25.4% over the same period last year. EPS came in at $0.78, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.19 billion, representing a surprise of -0.01%. The company delivered an EPS surprise of -12.36%, with the consensus EPS estimate being $0.89.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Western Midstream performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Throughput for natural-gas assets per day - Throughput attributable to noncontrolling interests: 193 millions of cubic feet per day versus the two-analyst average estimate of 183 millions of cubic feet per day. Throughput for natural-gas assets per day - Total throughput attributable to WES for natural-gas assets: 5936 millions of cubic feet per day compared to the 5691.36 millions of cubic feet per day average estimate based on two analysts. Total throughput attributable to WES for natural-gas assets per day: 5743 millions of cubic feet per day versus the two-analyst average estimate of 5508.37 millions of cubic feet per day. Throughput for natural-gas assets per day - Equity Investment: 467 millions of cubic feet per day compared to the 523.08 millions of cubic feet per day average estimate based on two analysts. Throughput for natural-gas assets per day - Operated - Delaware Basin: 2562 millions of cubic feet per day compared to the 2386.86 millions of cubic feet per day average estimate based on two analysts. Throughput for natural-gas assets per day - Operated - DJ Basin: 1482 millions of cubic feet per day compared to the 1433.23 millions of cubic feet per day average estimate based on two analysts. Throughput for natural-gas assets per day - Operated - Powder River Basin: 400 millions of cubic feet per day compared to the 400.57 millions of cubic feet per day average estimate based on two analysts. Throughput for crude-oil and NGLs assets per day - Operated - Delaware Basin: 272 millions of barrels of oil per day versus the two-analyst average estimate of 267.67 millions of barrels of oil per day. Throughput for crude-oil and NGLs assets per day - Operated - DJ Basin: 90 millions of barrels of oil per day versus 91.48 millions of barrels of oil per day estimated by two analysts on average. Throughput for crude-oil and NGLs assets per day - Non-operated - Equity investments: 109 millions of barrels of oil per day versus 106.47 millions of barrels of oil per day estimated by two analysts on average. Throughput for crude-oil and NGLs assets per day - Operated - Other: 40 millions of barrels of oil per day versus the two-analyst average estimate of 38.78 millions of barrels of oil per day. Revenues and other- Total Service Revenues: $1.11 billion versus $1.02 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +22.7% change.View all Key Company Metrics for Western Midstream here>>>
Shares of Western Midstream have returned -6.6% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Western Midstream Partners, LP (WES): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).