WES

Western Midstream Partners LP

Halal Rating :
Uncomfortable
Last Price $40.4
Market Cap $15.45b
1D Change

-2.54 %

1 Year Change

18.64 %

Next Earnings Date

Yet to be announced

Company Overview

Western Midstream Partners, LP acquires, owns, develops, and operates primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas. The company operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania.

Revenue Sources

Pass

Western Midstream Partners' revenue primarily comes from midstream services including gathering, processing, and transportation of natural gas, crude oil, and natural gas liquids. These are permissible business activities as they involve real asset operations and value-added services in the energy infrastructure sector. The company does not derive significant revenue from prohibited activities such as gambling, alcohol, or other haram sources.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $883.36m $605.62m - $94.15m 0.00% 15.55%
June 30, 2024 $905.63m $548.95m - $85.64m 0.00% 15.60%
March 31, 2024 $887.73m $335.16m - $93.98m 0.00% 28.04%
Dec. 31, 2023 $858.21m $600.03m - $97.62m 0.00% 16.27%

Based on the financial data from the last four quarters, interest expenses represent a significant portion of the company's total expenses. The interest expense ratios consistently exceed the 5% threshold that would be considered acceptable for halal investing.

Operational Ethics

Pass

Based on review of company disclosures and public information, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States.

Rating Justification

Member Vote

Agree: 0 Disagree: 0

Login to vote on this

Comments

0 Comments

Login to join the discussion

Recent News & Updates