EPD vs. WES
Compare and contrast key facts about Enterprise Products Partners L.P. (EPD) and Western Midstream Partners, LP (WES).
Performance
EPD vs. WES - Performance Comparison
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EPD vs. WES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 19.96% | 9.45% | 28.00% | 17.71% | 18.32% | 21.40% | -23.61% | 21.88% | -1.32% | 4.24% |
WES Western Midstream Partners, LP | 6.57% | 12.77% | 43.58% | 19.46% | 29.29% | 72.31% | -19.13% | -22.65% | -20.23% | -8.01% |
Fundamentals
EPD:
$82.68B
WES:
$16.57B
EPD:
$2.65
WES:
$3.03
EPD:
14.27
WES:
13.57
EPD:
2.29
WES:
0.98
EPD:
1.57
WES:
4.17
EPD:
2.75
WES:
3.98
EPD:
$52.60B
WES:
$3.84B
EPD:
$7.17B
WES:
$2.93B
EPD:
$9.92B
WES:
$2.11B
Returns By Period
In the year-to-date period, EPD achieves a 19.96% return, which is significantly higher than WES's 6.57% return. Over the past 10 years, EPD has outperformed WES with an annualized return of 12.26%, while WES has yielded a comparatively lower 10.75% annualized return.
EPD
- 1D
- -3.17%
- 1M
- 4.70%
- YTD
- 19.96%
- 6M
- 25.15%
- 1Y
- 18.72%
- 3Y*
- 21.83%
- 5Y*
- 19.58%
- 10Y*
- 12.26%
WES
- 1D
- -1.08%
- 1M
- -1.01%
- YTD
- 6.57%
- 6M
- 9.73%
- 1Y
- 10.36%
- 3Y*
- 27.25%
- 5Y*
- 26.64%
- 10Y*
- 10.75%
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Return for Risk
EPD vs. WES — Risk / Return Rank
EPD
WES
EPD vs. WES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enterprise Products Partners L.P. (EPD) and Western Midstream Partners, LP (WES). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EPD | WES | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.45 | +0.55 |
Sortino ratioReturn per unit of downside risk | 1.40 | 0.72 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.10 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.57 | +0.66 |
Martin ratioReturn relative to average drawdown | 3.48 | 1.74 | +1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EPD | WES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.45 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | 0.91 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.23 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.22 | +0.31 |
Correlation
The correlation between EPD and WES is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EPD vs. WES - Dividend Comparison
EPD's dividend yield for the trailing twelve months is around 5.75%, less than WES's 8.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 5.75% | 6.74% | 6.63% | 7.51% | 7.79% | 8.20% | 9.09% | 6.23% | 6.97% | 6.29% | 5.88% | 5.90% |
WES Western Midstream Partners, LP | 8.84% | 9.13% | 8.33% | 8.52% | 6.80% | 5.69% | 11.25% | 12.45% | 8.28% | 5.43% | 4.03% | 3.86% |
Drawdowns
EPD vs. WES - Drawdown Comparison
The maximum EPD drawdown since its inception was -58.78%, smaller than the maximum WES drawdown of -93.66%. Use the drawdown chart below to compare losses from any high point for EPD and WES.
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Drawdown Indicators
| EPD | WES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -93.66% | +34.88% |
Max Drawdown (1Y)Largest decline over 1 year | -15.40% | -15.91% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -23.54% | +5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -58.04% | -91.90% | +33.86% |
Current DrawdownCurrent decline from peak | -3.67% | -6.22% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -28.86% | +18.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 5.19% | +0.25% |
Volatility
EPD vs. WES - Volatility Comparison
Enterprise Products Partners L.P. (EPD) and Western Midstream Partners, LP (WES) have volatilities of 5.70% and 5.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPD | WES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 5.82% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.89% | 14.07% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 23.20% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 29.59% | -12.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.26% | 46.92% | -22.66% |
Financials
EPD vs. WES - Financials Comparison
This section allows you to compare key financial metrics between Enterprise Products Partners L.P. and Western Midstream Partners, LP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EPD vs. WES - Profitability Comparison
EPD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Enterprise Products Partners L.P. reported a gross profit of 2.00B and revenue of 13.79B. Therefore, the gross margin over that period was 14.5%.
WES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Western Midstream Partners, LP reported a gross profit of 805.90M and revenue of 1.03B. Therefore, the gross margin over that period was 78.1%.
EPD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Enterprise Products Partners L.P. reported an operating income of 1.94B and revenue of 13.79B, resulting in an operating margin of 14.1%.
WES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Western Midstream Partners, LP reported an operating income of 305.56M and revenue of 1.03B, resulting in an operating margin of 29.6%.
EPD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Enterprise Products Partners L.P. reported a net income of 1.64B and revenue of 13.79B, resulting in a net margin of 11.9%.
WES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Western Midstream Partners, LP reported a net income of 198.57M and revenue of 1.03B, resulting in a net margin of 19.3%.