# Western Midstream (WES) — Earnings

WES · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/wes/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.99 |
| EPS estimate | $0.91 |
| EPS surprise | +9.19% |
| Revenue surprise | +8.58% |
| Revenue | $1.2B |
| Revenue estimate | $1.1B |
| Reported | Aug 5, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1414475/000142390226000093/wes-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/3a2ad126-1515-1555-8a1d-32a872fad488.html) |

Western Midstream reported Q2 2026 results on August 5, 2026. EPS was $0.99, ahead of the $0.91 estimate by 9.19%. Revenue was $1.2 billion, 8.58% above the $1.1 billion consensus. Compared with Q2 2025, EPS rose 13.8% from $0.87 and revenue rose about 27% from $942.3 million. Revenue was the highest in the table.

Earnings have moved unevenly. Annual EPS was $3.00 in 2022, $2.60 in 2023, $4.03 in 2024 and $3.00 in 2025. The 2024 total included Q1 2024 at $1.47, the highest quarter here, while 2025 included Q4 2025 at $0.47, the lowest, which missed the estimate by 44.38%. Revenue has risen more consistently, from $3.11 billion in 2023 to $3.61 billion in 2024 and $3.81 billion in 2025. The first half of 2026 totals $1.84 per share, 10.8% more than the $1.66 of a year earlier. Western Midstream beat EPS estimates in 9 of the last 20 quarters.

Q3 reports came between November 1 and November 9 in each of the past five years, pointing to early November 2026 for the next report. It will show whether revenue stays above $1 billion a quarter, as it did in the first half of 2026.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 5, 2026 | $0.91 | $0.99 | 9.19% | $1.1B | $1.2B |
| Q1 2026 | May 6, 2026 | $0.74 | $0.85 | 14.57% | $1.0B | $1.1B |
| Q4 2025 | Feb 18, 2026 | $0.85 | $0.47 | -44.38% | $1.0B | $1.0B |
| Q3 2025 | Nov 4, 2025 | $0.88 | $0.87 | -1.18% | $961.0M | $952.5M |
| Q2 2025 | Aug 6, 2025 | $0.83 | $0.87 | 4.93% | $940.1M | $942.3M |
| Q1 2025 | May 7, 2025 | $0.83 | $0.79 | -5.12% | $919.6M | $917.1M |
| Q4 2024 | Feb 26, 2025 | $0.85 | $0.85 | 0.12% | $926.4M | $928.5M |
| Q3 2024 | Nov 6, 2024 | $0.83 | $0.74 | -11.31% | $924.8M | $883.4M |
| Q2 2024 | Aug 7, 2024 | $0.84 | $0.97 | 15.71% | $904.9M | $905.6M |
| Q1 2024 | May 8, 2024 | $0.77 | $1.47 | 91.93% | $868.2M | $887.7M |
| Q4 2023 | Feb 21, 2024 | $0.79 | $0.74 | -6.01% | $850.2M | $858.2M |
| Q3 2023 | Nov 1, 2023 | $0.63 | $0.70 | 10.58% | $798.4M | $776.0M |
| Q2 2023 | Aug 8, 2023 | $0.66 | $0.64 | -3.61% | $795.7M | $738.3M |
| Q1 2023 | May 3, 2023 | $0.64 | $0.52 | -18.75% | $759.1M | $734.0M |
| Q4 2022 | Feb 22, 2023 | $0.72 | $0.85 | 17.70% | $816.4M | $779.4M |
| Q3 2022 | Nov 2, 2022 | $0.74 | $0.66 | -11.11% | $860.3M | $837.6M |
| Q2 2022 | Aug 3, 2022 | $0.77 | $0.74 | -3.55% | $796.7M | $876.4M |
| Q1 2022 | May 10, 2022 | $0.62 | $0.75 | 21.87% | $730.9M | $758.3M |
| Q4 2021 | Feb 23, 2022 | $0.65 | $0.58 | -11.27% | $762.5M | $719.2M |
| Q3 2021 | Nov 9, 2021 | $0.63 | $0.61 | -3.16% | $731.2M | $763.8M |

## Frequently Asked Questions

### When did Western Midstream (WES) last report earnings?

Western Midstream last reported on Aug 5, 2026, covering fiscal Q2 2026.

### Did WES beat earnings estimates?

Yes. Western Midstream reported EPS of $0.99 for Q2 2026 against a $0.91 estimate — a 9.19% beat.

### How much revenue did WES report last quarter?

Western Midstream reported $1.2B in revenue for Q2 2026, against a consensus estimate of $1.1B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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