ET vs. WES
Compare and contrast key facts about Energy Transfer LP (ET) and Western Midstream Partners, LP (WES).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ET or WES.
Correlation
The correlation between ET and WES is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ET vs. WES - Performance Comparison
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Key characteristics
ET:
0.61
WES:
0.43
ET:
1.02
WES:
0.86
ET:
1.14
WES:
1.10
ET:
0.70
WES:
0.85
ET:
2.29
WES:
2.21
ET:
7.51%
WES:
6.36%
ET:
27.33%
WES:
27.24%
ET:
-87.81%
WES:
-93.66%
ET:
-15.44%
WES:
-9.39%
Fundamentals
ET:
$57.20B
WES:
$13.85B
ET:
$1.28
WES:
$4.02
ET:
13.02
WES:
8.92
ET:
0.74
WES:
5.48
ET:
0.67
WES:
3.84
ET:
1.63
WES:
4.23
ET:
$61.04B
WES:
$2.72B
ET:
$10.60B
WES:
$1.78B
ET:
$11.63B
WES:
$1.72B
Returns By Period
In the year-to-date period, ET achieves a -9.01% return, which is significantly lower than WES's 1.13% return. Over the past 10 years, ET has underperformed WES with an annualized return of 1.48%, while WES has yielded a comparatively higher 2.46% annualized return.
ET
-9.01%
5.22%
3.04%
16.43%
28.32%
1.48%
WES
1.13%
4.19%
7.72%
11.54%
51.72%
2.46%
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Risk-Adjusted Performance
ET vs. WES — Risk-Adjusted Performance Rank
ET
WES
ET vs. WES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Transfer LP (ET) 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.
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Dividends
ET vs. WES - Dividend Comparison
ET's dividend yield for the trailing twelve months is around 9.38%, less than WES's 9.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 7.53% | 6.51% | 8.96% | 7.33% | 7.44% | 17.28% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% | 2.61% |
WES Western Midstream Partners, LP | 9.53% | 8.33% | 8.52% | 6.80% | 5.69% | 11.25% | 12.45% | 8.28% | 5.44% | 4.04% | 3.86% | 1.73% |
Drawdowns
ET vs. WES - Drawdown Comparison
The maximum ET drawdown since its inception was -87.81%, smaller than the maximum WES drawdown of -93.66%. Use the drawdown chart below to compare losses from any high point for ET and WES. For additional features, visit the drawdowns tool.
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Volatility
ET vs. WES - Volatility Comparison
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Financials
ET vs. WES - Financials Comparison
This section allows you to compare key financial metrics between Energy Transfer LP 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
ET vs. WES - Profitability Comparison
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Energy Transfer LP reported a gross profit of 4.10B and revenue of 19.54B. Therefore, the gross margin over that period was 21.0%.
WES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Western Midstream Partners, LP reported a gross profit of 697.26M and revenue of 928.50M. Therefore, the gross margin over that period was 75.1%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Energy Transfer LP reported an operating income of 2.28B and revenue of 19.54B, resulting in an operating margin of 11.7%.
WES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Western Midstream Partners, LP reported an operating income of 425.74M and revenue of 928.50M, resulting in an operating margin of 45.9%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Energy Transfer LP reported a net income of 1.08B and revenue of 19.54B, resulting in a net margin of 5.5%.
WES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Western Midstream Partners, LP reported a net income of 333.61M and revenue of 928.50M, resulting in a net margin of 35.9%.