Is Western Midstream Partners, LP (NYSE:WES) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Western Midstream Partners, LP at current levels.
A Permian toll booth paying you 9% to wait while the market obsesses over the wrong barrel.
Where WES is headed
Western Midstream ends 2027 as the highest-margin pure-play gatherer in the Delaware Basin, running assets that most investors still mentally file under Occidental's shadow. The setup is straightforward if you look at where the barrels actually flow. Delaware oil production is projected to climb through 2027 as the Permian's associated gas cut keeps rising, and WES sits directly under that faucet. Gas-to-oil ratios in the Delaware are now averaging north of 3,500 scf/bbl and climbing, which means every incremental oil barrel drilled by Oxy, ConocoPhillips, and the private operators on WES acreage drags a growing volume of gas, NGLs, and produced water through WES pipes. The company gets paid three times on the same drilling decision.
Read the full Compass Direction on WES
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $48.53).
See the full WES analysisGet calls like this, free
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Frequently asked questions
Is Western Midstream Partners, LP (NYSE:WES) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Western Midstream Partners, LP at current levels. A Permian toll booth paying you 9% to wait while the market obsesses over the wrong barrel.
What is WES's Compass Score?
Western Midstream Partners, LP scores 75/100 on Alexandria's Compass, placing it in the "Favorable" tier. Scores blend eight factors and update weekly.
What is the price target for WES?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the WES page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.