5 Oil Stocks with Highest Dividends

2. Western Midstream Partners, LP (NYSE:WES)

Dividend Yield as of March 18: 8.78%

Western Midstream Partners, LP (NYSE:WES) operates as a midstream energy company primarily in the United States.

On March 12, JPMorgan slightly reduced its price target on Western Midstream Partners, LP (NYSE:WES) from $44 to $43, but kept its ‘Neutral’ rating on the shares. The lowered target, which still indicates an upside of almost 4% from the current levels, comes as the analyst firm updated the company’s model following its Q4 report.

Western Midstream Partners, LP (NYSE:WES) posted disappointing results for its Q4 2025 on February 18, with the company’s earnings and revenue both falling behind estimates. Western’s adjusted EPS of $0.48 was well below expectations of $0.80, while its revenue of just over $1 billion also missed consensus by $18 million, despite a YoY growth of 11%.

That said, Western Midstream Partners, LP (NYSE:WES) delivered a record adjusted EBITDA of $2.48 billion for full-year 2025, up 6% YoY and exceeding the midpoint of its guidance range. The firm’s free cash flow for the year also surged by 15% YoY to just under $1.53 billion, also exceeding the high end of its guidance range.