Western Midstream: A 9% Yield That Still Grows In A Downturn

Western Midstream offers stable EBITDA of ~$2.5–2.7B for 2026, underpinned by active cost and capital management. WES combines a ~9% yield with ~5% embedded EBITDA growth, supporting early double-digit total returns for income-focused investors. Fee-based and MVC contract structures, alongside structural cost reductions, anchor WES's resilience to volume and commodity price volatility.