Here's What Key Metrics Tell Us About Western Midstream (WES) Q2 Earnings

Western Midstream (WES) reported $1.22 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 30%. EPS of $0.99 for the same period compares to $0.87 a year ago.

The reported revenue represents a surprise of +8.34% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $0.90, the EPS surprise was +10%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

• Throughput for natural-gas assets per day - Throughput attributable to noncontrolling interests: 175 millions of cubic feet per day versus 182.7 millions of cubic feet per day estimated by two analysts on average.
• Throughput for natural-gas assets per day - Total throughput attributable to WES for natural-gas assets: 5518 millions of cubic feet per day compared to the 5308.38 millions of cubic feet per day average estimate based on two analysts.
• Total throughput attributable to WES for natural-gas assets per day: 5343 millions of cubic feet per day versus the two-analyst average estimate of 5125.67 millions of cubic feet per day.
• Throughput for natural-gas assets per day - Equity Investment: 494 millions of cubic feet per day versus the two-analyst average estimate of 467.79 millions of cubic feet per day.
• Throughput for natural-gas assets per day - Operated - Delaware Basin: 2140 millions of cubic feet per day versus 2066.93 millions of cubic feet per day estimated by two analysts on average.
• Throughput for natural-gas assets per day - Operated - DJ Basin: 1547 millions of cubic feet per day versus 1448.78 millions of cubic feet per day estimated by two analysts on average.
• Throughput for produced-water assets per day: 2,993.00 KBbls/D versus 2,901.01 KBbls/D estimated by two analysts on average.
• Throughput for crude-oil and NGLs assets per day - Operated - Delaware Basin: 265 millions of barrels of oil per day compared to the 267.64 millions of barrels of oil per day average estimate based on two analysts.
• Throughput for crude-oil and NGLs assets per day - Operated - DJ Basin: 94 millions of barrels of oil per day compared to the 94.44 millions of barrels of oil per day average estimate based on two analysts.
• Throughput for crude-oil and NGLs assets per day - Non-operated - Equity investments: 108 millions of barrels of oil per day versus 100.6 millions of barrels of oil per day estimated by two analysts on average.
• Throughput for crude-oil and NGLs assets per day - Operated - Other: 39 millions of barrels of oil per day compared to the 33.73 millions of barrels of oil per day average estimate based on two analysts.
• Throughput for produced-water assets per day - Operated - Delaware Basin: 2993 millions of barrels of oil per day versus 2901.01 millions of barrels of oil per day estimated by two analysts on average.

View all Key Company Metrics for Western Midstream here>>>

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This article originally published on Zacks Investment Research (zacks.com).

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