WES vs. ET
Compare and contrast key facts about Western Midstream Partners, LP (WES) and Energy Transfer LP (ET).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WES or ET.
Correlation
The correlation between WES and ET is 0.35, 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
WES vs. ET - Performance Comparison
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Key characteristics
WES:
0.58
ET:
0.81
WES:
0.89
ET:
1.22
WES:
1.11
ET:
1.17
WES:
0.88
ET:
0.89
WES:
2.28
ET:
2.83
WES:
6.39%
ET:
7.70%
WES:
27.28%
ET:
27.56%
WES:
-93.66%
ET:
-87.81%
WES:
-3.21%
ET:
-11.80%
Fundamentals
WES:
$15.08B
ET:
$61.67B
WES:
$3.34
ET:
$1.32
WES:
11.84
ET:
13.61
WES:
5.48
ET:
0.80
WES:
4.15
ET:
0.75
WES:
4.72
ET:
1.75
WES:
$3.63B
ET:
$82.06B
WES:
$2.52B
ET:
$15.84B
WES:
$2.11B
ET:
$15.57B
Returns By Period
In the year-to-date period, WES achieves a 8.03% return, which is significantly higher than ET's -5.09% return. Over the past 10 years, WES has outperformed ET with an annualized return of 2.93%, while ET has yielded a comparatively lower 1.92% annualized return.
WES
8.03%
8.67%
8.68%
15.81%
53.06%
2.93%
ET
-5.09%
8.13%
7.53%
22.07%
30.96%
1.92%
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Risk-Adjusted Performance
WES vs. ET — Risk-Adjusted Performance Rank
WES
ET
WES vs. ET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Midstream Partners, LP (WES) and Energy Transfer LP (ET). 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
WES vs. ET - Dividend Comparison
WES's dividend yield for the trailing twelve months is around 8.92%, more than ET's 7.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WES Western Midstream Partners, LP | 8.92% | 8.33% | 8.52% | 6.80% | 5.69% | 11.25% | 12.45% | 8.28% | 5.44% | 4.04% | 3.86% | 1.73% |
ET Energy Transfer LP | 7.21% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% | 2.61% |
Drawdowns
WES vs. ET - Drawdown Comparison
The maximum WES drawdown since its inception was -93.66%, which is greater than ET's maximum drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for WES and ET. For additional features, visit the drawdowns tool.
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Volatility
WES vs. ET - Volatility Comparison
The current volatility for Western Midstream Partners, LP (WES) is 8.42%, while Energy Transfer LP (ET) has a volatility of 11.55%. This indicates that WES experiences smaller price fluctuations and is considered to be less risky than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
WES vs. ET - Financials Comparison
This section allows you to compare key financial metrics between Western Midstream Partners, LP and Energy Transfer 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
WES vs. ET - Profitability Comparison
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 705.16M and revenue of 917.12M. Therefore, the gross margin over that period was 76.9%.
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 4.08B and revenue of 21.02B. Therefore, the gross margin over that period was 19.4%.
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 409.80M and revenue of 917.12M, resulting in an operating margin of 44.7%.
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 2.49B and revenue of 21.02B, resulting in an operating margin of 11.9%.
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 309.01M and revenue of 917.12M, resulting in a net margin of 33.7%.
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 1.32B and revenue of 21.02B, resulting in a net margin of 6.3%.