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Western Midstream Partners, LP vs Kinetik Holdings: WES and KNTK compared
Western Midstream Partners, LP is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $569M for Kinetik Holdings (Q3 2026). Western Midstream Partners, LP is growing faster (+25% against +23% a year earlier). Western Midstream Partners, LP is more profitable, with an operating margin of 38.6% against 11.2%.
Where the money goes: WES and KNTK
Western Midstream Partners, LP (WES) · Q3 2026
Western Midstream Partners, LP, Q3 2026: revenue $1.2B (+25% year over year), operating margin 38.6%, net earnings $332M. The chart follows the revenue to costs, profit and cash.
Kinetik Holdings (KNTK) · Q3 2026
Kinetik Holdings, Q3 2026: revenue $569M (+23% year over year), operating margin 11.2%, net earnings $22.1M, operating cash flow $273M. The chart follows the revenue to costs, profit and cash.
| Western Midstream Partners, LP (WES) | Kinetik Holdings (KNTK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.2B | $569M |
| Revenue growth, Y/Y | +25% | +23% |
| Operating margin | 38.6% | 11.2% |
| Net earnings | $332M | $22.1M |
| Net margin | 27.8% | 3.9% |
| Operating cash flow | — | $273M |
| Free cash flow | — | $139M |
| Market value | $15.7B | $4.0B |
| P/E | 12.8× | 6.7× |
| Analysts’ mean target | $49.54 | $58.62 |
Where the revenue comes from
Kinetik Holdings
- Product and Service: $564M (99%)
- Other revenue: $4.9M (1%)
Questions
Which is bigger, Western Midstream Partners, LP or Kinetik Holdings?
Western Midstream Partners, LP is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $569M for Kinetik Holdings (Q3 2026).
Is Western Midstream Partners, LP or Kinetik Holdings growing faster?
Western Midstream Partners, LP is growing faster (+25% against +23% a year earlier).
Which is more profitable, Western Midstream Partners, LP or Kinetik Holdings?
Western Midstream Partners, LP is more profitable, with an operating margin of 38.6% against 11.2%.
More: Western Midstream Partners, LP earnings · how Western Midstream Partners, LP makes money · Kinetik Holdings earnings · how Kinetik Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.