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Western Gas Partners, LP (WES) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Western Gas Partners, LP (WES) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Western Gas Partners, LP is engaged in gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil for its subsidiaries as well as third-party producers and customers. Western Gas Partners, LP has a market cap of $8.49 billion; its shares were traded at around $50.86 with a P/E ratio of 92.48 and P/S ratio of 4.00. The dividend yield of Western Gas Partners, LP stocks is 7.55%. Western Gas Partners, LP had annual average EBITDA growth of 2.80% over the past ten years.


For the last quarter Western Gas Partners, LP reported a revenue of $557.8 million, compared with the revenue of $615.9 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2 billion, a decrease of 10.8% from the previous year. For the last five years Western Gas Partners, LP had an average revenue growth rate of 12.8% a year.

The reported diluted earnings per share was 55 cents for the year, a decline of 57.7% from the previous year. The Western Gas Partners, LP enjoyed an operating margin of 35.34%, compared with the operating margin of 27.87% a year before. The 10-year historical median operating margin of Western Gas Partners, LP is 27.95%. The profitability rank of the company is 8 (out of 10).

At the current stock price of $50.86, Western Gas Partners, LP is traded at 11.8% premium to its historical median P/S valuation band of $45.48. The P/S ratio of the stock is 4.00, while the historical median P/S ratio is 3.58. The stock gained 12.86% during the past 12 months.

For the complete 20-year historical financial data of WES, click here.

This article first appeared on GuruFocus.