Western Midstream Partners, LP annual debt-to-ebitda ratio
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2025
Western Midstream Partners, LP Debt-to-EBITDA Ratio Growth & History (WES)
Western Midstream Partners, LP's debt-to-ebitda ratio was 3.82 for fiscal 2025.
View full Western Midstream Partners, LP company overviewWestern Midstream Partners, LP annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.82 | 0.70 | +22.60% |
| 2024 | 2024-12-31 | 3.12 | −0.92 | −22.77% |
| 2023 | 2023-12-31 | 4.04 | 0.89 | +28.21% |
| 2022 | 2022-12-31 | 3.15 | −0.54 | −14.54% |
| 2021 | 2021-12-31 | 3.69 | −2.10 | −36.29% |
| 2020 | 2020-12-31 | 5.78 | 1.14 | +24.42% |
| 2019 | 2019-12-31 | 4.65 | 0.46 | +10.89% |
| 2018 | 2018-12-31 | 4.19 | 0.99 | +30.80% |
| 2017 | 2017-12-31 | 3.21 | 0.01 | +0.44% |
| 2016 | 2016-12-31 | 3.19 | −3.11 | −49.38% |
| 2015 | 2015-12-31 | 6.30 | 3.15 | +99.68% |
| 2014 | 2014-12-31 | 3.16 | 0.16 | +5.39% |
| 2013 | 2013-12-31 | 3.00 | −0.71 | −19.24% |
| 2012 | 2012-12-31 | 3.71 | 1.84 | +98.71% |
| 2011 | 2011-12-31 | 1.87 | — | — |
Western Midstream Partners, LP quarterly debt-to-ebitda ratio
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| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.62 | 0.64 | +21.58% |
| Q1 2026 | 2026-03-31 | 3.63 | 0.52 | +16.86% |
| Q4 2025 | 2025-12-31 | 3.82 | 0.70 | +22.60% |
| Q3 2025 | 2025-09-30 | 2.92 | −0.15 | −4.74% |
| Q2 2025 | 2025-06-30 | 2.98 | 0.16 | +5.79% |
| Q1 2025 | 2025-03-31 | 3.10 | 0.01 | +0.17% |
| Q4 2024 | 2024-12-31 | 3.12 | −0.92 | −22.77% |
| Q3 2024 | 2024-09-30 | 3.07 | −0.56 | −15.43% |
| Q2 2024 | 2024-06-30 | 2.82 | −0.58 | −17.04% |
| Q1 2024 | 2024-03-31 | 3.10 | −0.14 | −4.45% |
| Q4 2023 | 2023-12-31 | 4.04 | 0.89 | +28.21% |
| Q3 2023 | 2023-09-30 | 3.62 | 0.21 | +6.20% |
| Q2 2023 | 2023-06-30 | 3.40 | 0.18 | +5.51% |
| Q1 2023 | 2023-03-31 | 3.24 | −0.20 | −5.92% |
| Q4 2022 | 2022-12-31 | 3.15 | −0.54 | −14.54% |
| Q3 2022 | 2022-09-30 | 3.41 | −0.36 | −9.46% |
| Q2 2022 | 2022-06-30 | 3.22 | −0.78 | −19.56% |
| Q1 2022 | 2022-03-31 | 3.45 | −0.51 | −12.95% |
| Q4 2021 | 2021-12-31 | 3.69 | −2.10 | −36.29% |
| Q3 2021 | 2021-09-30 | 3.77 | −2.09 | −35.67% |
| Q2 2021 | 2021-06-30 | 4.00 | −2.33 | −36.74% |
| Q1 2021 | 2021-03-31 | 3.96 | −2.80 | −41.40% |
| Q4 2020 | 2020-12-31 | 5.78 | 1.14 | +24.42% |
| Q3 2020 | 2020-09-30 | 5.86 | 1.14 | +24.24% |
| Q2 2020 | 2020-06-30 | 6.33 | 1.64 | +34.93% |
| Q1 2020 | 2020-03-31 | 6.75 | 1.50 | +28.53% |
| Q4 2019 | 2019-12-31 | 4.65 | 0.46 | +10.89% |
| Q3 2019 | 2019-09-30 | 4.72 | 1.04 | +28.15% |
| Q2 2019 | 2019-06-30 | 4.69 | 1.02 | +27.64% |
| Q1 2019 | 2019-03-31 | 5.26 | 1.82 | +52.86% |
| Q4 2018 | 2018-12-31 | 4.19 | 0.99 | +30.80% |
| Q3 2018 | 2018-09-30 | 3.68 | 0.29 | +8.42% |
| Q2 2018 | 2018-06-30 | 3.67 | 0.41 | +12.64% |
| Q1 2018 | 2018-03-31 | 3.44 | 0.21 | +6.61% |
| Q4 2017 | 2017-12-31 | 3.21 | 0.01 | +0.44% |
| Q3 2017 | 2017-09-30 | 3.39 | −0.97 | −22.15% |
| Q2 2017 | 2017-06-30 | 3.26 | −0.95 | −22.59% |
| Q1 2017 | 2017-03-31 | 3.23 | −1.14 | −26.15% |
| Q4 2016 | 2016-12-31 | 3.19 | −3.11 | −49.38% |
| Q3 2016 | 2016-09-30 | 4.36 | 0.91 | +26.41% |
| Q2 2016 | 2016-06-30 | 4.21 | 0.01 | +0.13% |
| Q1 2016 | 2016-03-31 | 4.37 | −0.13 | −2.87% |
| Q4 2015 | 2015-12-31 | 6.30 | 3.15 | +99.68% |
| Q3 2015 | 2015-09-30 | 3.45 | 0.18 | +5.35% |
| Q2 2015 | 2015-06-30 | 4.21 | 0.75 | +21.55% |
| Q1 2015 | 2015-03-31 | 4.50 | 0.84 | +23.14% |
| Q4 2014 | 2014-12-31 | 3.16 | 0.16 | +5.39% |
| Q3 2014 | 2014-09-30 | 3.27 | −0.81 | −19.85% |
| Q2 2014 | 2014-06-30 | 3.46 | −0.78 | −18.40% |
| Q1 2014 | 2014-03-31 | 3.65 | −1.27 | −25.76% |
| Q4 2013 | 2013-12-31 | 3.00 | −0.71 | −19.24% |
| Q3 2013 | 2013-09-30 | 4.09 | — | — |
| Q2 2013 | 2013-06-30 | 4.24 | — | — |
| Q1 2013 | 2013-03-31 | 4.92 | — | — |
| Q4 2012 | 2012-12-31 | 3.71 | — | — |
Western Midstream Partners, LP debt-to-ebitda ratio trends
Over the last five fiscal years, Western Midstream Partners, LP's debt-to-ebitda ratio decreased from 5.78 to 3.82, a change of −1.96. The latest reported quarter, Q2 2026, shows 3.62.
About the metric
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
Calculation and source
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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