Is Western Midstream Partners, LP (WES) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 51.2% / 30% | 4.8% / 30% | 4.6% / 30% | 1.99% / 5% | ✗ NOT HALAL |
| DJIM | 51.2% / 33% | 4.8% / 33% | 4.6% / 33% | 1.99% / 5% | ✗ NOT HALAL |
| MSCI | 58.1% / 33% | 5.5% / 33% | 5.3% / 33% | 1.99% / 5% | ✗ NOT HALAL |
| S&P | 51.2% / 33% | 4.8% / 33% | 4.6% / 33% | 1.99% / 5% | ✗ NOT HALAL |
| FTSE | 58.1% / 33% | 5.5% / 33% | 5.3% / 50% | 1.99% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 70.8% | |
| Operating Margin | 28.1% | |
| Net Margin | 30.0% | |
| Return on Equity (ROE) | 32.2% | |
| Return on Assets (ROA) | 6.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.2B |
| Free Cash Flow | $1.5B |
| Total Debt | $8.7B |
| Debt-to-Equity | 211.8 |
| Current Ratio | 1.3 |
| Total Assets | $15.0B |
Price & Trading
| Last Close | $42.74 |
| 50-Day MA | $41.47 |
| 200-Day MA | $39.59 |
| Avg Volume | 1.4M |
| Beta | 0.7 |
|
52-Week Range
$33.60
| |
About Western Midstream Partners, LP (WES)
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
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Frequently Asked Questions
Is Western Midstream Partners, LP (WES) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Western Midstream Partners, LP is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Western Midstream Partners, LP's debt ratio?
Western Midstream Partners, LP's debt ratio is 51.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 58.1%.
What are Western Midstream Partners, LP's key financial metrics?
Western Midstream Partners, LP has a market capitalization of $17.0B, trailing P/E ratio of 14.0, and revenue of $3.8B. The company maintains a gross margin of 70.8% and a net margin of 30.0%. Return on equity stands at 32.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.