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Western Midstream Partners upgraded to Strong Buy after Q2 record results and 8% yield opportunity

Analyst Insights
23 Sep 2026
Seeking Alpha
View Source
Bullish
Western Midstream Partners upgraded to Strong Buy after Q2 record results and 8% yield opportunity

Western Midstream Partners (WES) has been upgraded to Strong Buy following a 4% price pullback, offering an attractive 8% yield. The company posted record Q2 results and raised its 2026 EBITDA guidance by $250 million, driven by strong margin and volume growth in its core basins. The recent Brazos Delaware acquisition is reducing customer concentration risk and is performing better than expected, with $100 million EBITDA anticipated in the second half of the year. WES units currently trade at 12.6 times 2026 earnings, below recent insider purchase prices, with a well-covered distribution ratio of 1.4 times and a targeted annual growth of 3–5%.

Western Midstream Partners' recent upgrade and price dip provide context for energy sector activity on Pluang. For readers following energy stocks, here is Pluang's market snapshot as of Sep 23, 2026 22:03 WIB: Among 38 priced US energy-sector stocks, 23 rose and 14 fell. Notable movers include ConocoPhillips (COP) at USD 127.87 with a 2.08% increase and 98% buy order activity, Enphase Energy Inc (ENPH) at USD 33.71 down 2.06% with 100% buy order activity, and Equinor ASA (EQNR) at USD 42.65 up 2.01% with balanced buy/sell orders.

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