JPMorgan Trims Western Midstream Partners (WES) Price Target to $43

Western Midstream Partners, LP (NYSE:WES) is one of the MLP Stocks List: 20 Largest MLPs.

JPMorgan Trims Western Midstream Partners (WES) Price Target to $43

On March 12, 2026, JPMorgan lowered its price target on Western Midstream Partners, LP (NYSE:WES) from $44 to $43 and kept a Neutral rating on the stock. The adjustment to the company’s financial model follows its fourth-quarter report.

In its fourth-quarter earnings call in February 2026, Western Midstream Partners, LP (NYSE:WES) responded to JPMorgan analyst Jeremy Tonet’s questions and projected steady expansion. Oscar Brown, the company’s Chief Executive Officer, anticipates a long-term EBITDA growth of 2% to 3%, with the water business as a primary driver, potentially outpacing the oil and gas segments. Brown also noted that Western Midstream Partners, LP (NYSE:WES)’s dominance in water infrastructure enables large-scale projects unmatched by its competitors. The management further emphasized that the company’s $25 billion enterprise value provides sufficient scale to remain competitive. Moving forward, the management intends to prioritize executing gathering and processing projects over pursuing growth for growth’s sake.

Founded in 2008, Western Midstream Partners, LP (NYSE:WES) is a master limited partnership that acquires, owns, develops, and operates midstream assets. Headquartered in Texas, the company provides gathering, processing, and transportation services for natural gas, NGLs, crude oil, and produced water, primarily in the Delaware Basin.

While we acknowledge the risk and potential of WES as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WES and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Stocks You’ll Wish You Bought Sooner and 10 Top Stocks Fund Managers Are Loading Up On in 2026

Disclosure: None.  Follow Insider Monkey on Google News.