西部中游合伙 WES
$39.85 +$0.00 (0.00%)
休市 · Nov 6, 8:10 pm ET · 最新盘后价 $40.43 +1.46%
开盘$39.87
昨收$39.85
当日区间$39.35 – $40.34
成交量1.80M
市值$16.47B
市盈率（TTM）13.0
股息率9.23%
基本面
最新报告季度：Q3, ended Sep 2026
营收$1.19B+25.4% YoY
营业利润$449.13M+2.4% YoY
净利润$338.98M-2.8% YoY
摊薄每股收益$0.78-10.3% YoY
自由现金流$265.21M-31.2% YoY
经营现金流$567.51M
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率72.9%
营业利润率37.4%
净利率27.3%
净资产收益率33.8%
资产收益率8.7%
投入资本回报率14.2%
流动比率0.81
负债/资产比率73.5%
现金及投资$44.50M
总负债$9.15B
净现金（净负债）-$9.10B
自由现金流/营收24.0%
营收构成
2026/Q2 季度
按业务线
利润表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 报告营业总收入 | $1.19B | $1.22B | $1.12B | $3.84B | $1.03B |
| 营业总收入 | $1.19B | $1.22B | $1.12B | $3.84B | $1.03B |
| 营业成本 | $345.46M | $323.39M | $303.31M | $917.76M | $269.50M |
| 毛利润 | $848.75M | $901.33M | $820.27M | $2.93B | $761.98M |
| 营业费用 | $399.62M | $391.02M | $358.88M | $1.38B | $472.23M |
| 销售及管理费用 | $87.78M | $85.93M | $75.15M | $398.92M | $201.87M |
| -管理费用 | $87.78M | $85.93M | $75.15M | $398.92M | $201.87M |
| 其他税费 | $20.38M | $19.74M | $19.49M | $69.34M | $17.99M |
| 营业利润 | $449.13M | $510.32M | $461.39M | $1.54B | $289.76M |
| 非经营性利息净收入（支出） | -$116.58M | -$108.98M | -$113.39M | -$390.49M | -$105.67M |
| 非经营性利息支出 | $114.64M | $107.24M | $111.52M | $379.49M | $103.84M |
| 其他财务成本合计 | $1.94M | $1.74M | $1.87M | $11.00M | $1.84M |
| 其他收入（支出） | $13.21M | $19.07M | $14.53M | $76.54M | $19.51M |
| 权益法投资收益 | $18.80M | $21.54M | $14.78M | $85.79M | $21.38M |
| 特殊收益（费用） | -$6.39M | -$5.30M | -$6.98M | -$25.87M | -$5.57M |
| -减：资本性资产减值 | $557,000.00 | $551,000.00 | $608,000.00 | $14.76M | $2.51M |
| -业务出售收益 | -$5.83M | -$4.60M | -$6.37M | -$11.11M | -$3.07M |
| 其他非经营性收入（支出） | $792,000.00 | $2.83M | $6.73M | $16.63M | $3.71M |
| 税前利润 | $345.76M | $420.40M | $362.53M | $1.23B | $203.59M |
| 税费 | $6.78M | $5.15M | $3.50M | $15.09M | $7.32M |
| 净利润 | $338.98M | $415.25M | $359.03M | $1.21B | $196.27M |
| 持续经营利润 | $338.98M | $415.25M | $359.03M | $1.21B | $196.27M |
| 少数股东权益 | $7.07M | $11.70M | $8.76M | $31.47M | $5.59M |
| 归属母公司净利润 | $331.91M | $403.55M | $350.28M | $1.18B | $190.68M |
| 优先股股息 | $7.12M | $8.67M | $7.89M | $26.49M | $3.50M |
| 归属普通股股东净利润 | $324.78M | $394.88M | $342.39M | $1.15B | $187.18M |
| 基本每股收益 | $0.79 | $0.99 | $0.86 | $2.99 | $0.47 |
| 摊薄每股收益 | $0.78 | $0.99 | $0.85 | $2.98 | $0.47 |
| 每股股息 | $0.93 | $0.93 | $0.91 | $3.61 | $0.91 |
| -减：其他特殊支出 | – | $150,000.00 | – | – | – |
资产负债表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 总资产 | $16.43B | $16.32B | $14.92B | $15.00B | $15.00B |
| 流动资产合计 | $1.18B | $1.14B | $1.54B | $1.66B | $1.66B |
| 现金及现金等价物与短期投资 | $44.50M | $104.77M | $647.50M | $819.49M | $819.49M |
| -现金及现金等价物 | $44.50M | $104.77M | $647.50M | $819.49M | $819.49M |
| 应收款 | $1.10B | $981.97M | $848.59M | $788.80M | $788.80M |
| -应收账款 | $1.06B | $938.59M | $812.80M | $759.18M | $759.18M |
| -其他应收款 | $30.90M | $36.17M | $25.77M | $26.23M | $26.23M |
| 预付资产 | $3.61M | $9.33M | $11.09M | $16.11M | $16.11M |
| 存货 | $13.98M | $12.42M | $14.80M | $12.84M | $12.84M |
| 其他流动资产 | $23.48M | $30.10M | $17.44M | $19.70M | $19.70M |
| 非流动资产合计 | $15.25B | $15.18B | $13.39B | $13.34B | $13.34B |
| 固定资产净值 | $12.59B | $12.54B | $11.29B | $11.22B | $11.22B |
| -固定资产原值 | $19.53B | $19.29B | $17.87B | $17.65B | $17.65B |
| -累计折旧 | -$6.94B | -$6.74B | -$6.57B | -$6.43B | -$6.43B |
| 投资及预付款 | $512.89M | $493.47M | $495.75M | $504.86M | $504.86M |
| -长期股权投资 | $512.89M | $493.47M | $495.75M | $504.86M | $504.86M |
| 商誉及其他无形资产 | $1.80B | $1.78B | $1.25B | $1.27B | $1.27B |
| -商誉 | $394.20M | $391.48M | $347.64M | $353.26M | $353.26M |
| -其他无形资产 | $1.41B | $1.38B | $901.91M | $913.76M | $913.76M |
| 其他非流动资产 | $340.31M | $367.61M | $345.10M | $348.70M | $348.70M |
| 负债合计 | $12.09B | $11.92B | $11.42B | $10.84B | $10.84B |
| 流动负债合计 | $1.45B | $1.25B | $1.41B | $1.24B | $1.24B |
| 应付款 | $625.15M | $556.91M | $475.16M | $388.71M | $388.71M |
| -应付账款 | $555.76M | $510.37M | $413.81M | $319.17M | $319.17M |
| -应付税款合计 | $69.39M | $46.54M | $61.35M | $69.54M | $69.54M |
| 一年内应计费用 | $264.45M | $240.38M | $215.92M | $292.45M | $292.45M |
| 短期债务及融资租赁负债 | $351.56M | $244.03M | $513.28M | $514.12M | $514.12M |
| -一年内到期债务 | $265.77M | $162.91M | $440.36M | $440.21M | $440.21M |
| -一年内到期融资租赁负债 | $85.79M | $81.13M | $72.92M | $73.92M | $73.92M |
| 一年内预提费用 | $15.41M | $15.79M | $16.85M | $18.32M | $18.32M |
| 一年内递延负债 | $196.41M | $192.03M | $185.94M | $22.88M | $22.88M |
| 非流动负债合计 | $10.63B | $10.67B | $10.01B | $9.60B | $9.60B |
| 长期债务及融资租赁负债 | $8.88B | $8.88B | $8.19B | $8.20B | $8.20B |
| -长期债务 | $8.87B | $8.87B | $8.18B | $8.18B | $8.18B |
| -长期融资租赁负债 | $8.97M | $10.07M | $11.15M | $12.43M | $12.43M |
| 非流动负债 | $491.14M | $471.75M | $443.15M | $427.86M | $427.86M |
| 一年以上递延负债 | $121.31M | $116.98M | $111.90M | $111.28M | $111.28M |
| 其他非流动负债 | $1.14B | $1.19B | $1.26B | $864.51M | $864.51M |
| 股东权益合计 | $4.35B | $4.40B | $3.51B | $4.16B | $4.16B |
| 股本 | $4.21B | $4.26B | $3.37B | $4.02B | $4.02B |
| 少数股东权益 | $140.01M | $143.84M | $141.20M | $141.89M | $141.89M |
现金流量表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 经营活动现金流 | $567.51M | $534.74M | $469.90M | $2.22B | $557.65M |
| 持续经营经营活动现金流净额 | $567.51M | $534.74M | $469.90M | $2.22B | $557.65M |
| 持续经营净利润 | $338.98M | $415.25M | $359.03M | $1.21B | $196.27M |
| 持续经营损益 | -$12.97M | -$16.79M | -$8.41M | -$74.68M | -$18.31M |
| 折旧、折耗与摊销 | $223.78M | $205.95M | $200.43M | $710.78M | $197.88M |
| 递延税款 | $4.33M | $1.64M | $621,000.00 | $3.94M | $1.71M |
| 其他非现金项目 | $878,000.00 | $1.06M | $878,000.00 | $7.25M | $832,000.00 |
| 营运资金变动 | -$21.20M | -$111.04M | -$109.87M | $206.34M | $133.62M |
| -应收款变动 | -$120.05M | -$47.76M | -$50.23M | $36.02M | $16.85M |
| -应付账款及应计费用变动 | $122.95M | $6.43M | -$28.32M | -$3.97M | $52.51M |
| -其他营运资金变动 | -$24.11M | -$69.71M | -$31.33M | $174.29M | $64.25M |
| 投资活动现金流净额 | -$317.77M | -$1.11B | -$234.88M | -$1.09B | -$608.91M |
| 持续经营投资活动现金流净额 | -$317.77M | -$1.11B | -$234.88M | -$1.09B | -$608.91M |
| 资本支出 | -$302.30M | -$270.34M | -$235.73M | -$727.99M | -$222.21M |
| 业务购买及出售净额 | -$25.13M | -$819.53M | -$1.77M | -$368.64M | -$368.64M |
| 其他投资变动净额 | $5.58M | -$17.49M | -$7.27M | -$19.97M | -$23.46M |
| 筹资活动现金流 | -$310.01M | $29.88M | -$407.02M | -$1.41B | $693.47M |
| 持续经营筹资活动现金流净额 | -$310.01M | $29.88M | -$407.02M | -$1.41B | $693.47M |
| 债务发行及偿还净额 | $100.69M | $415.17M | -$132,000.00 | $103.70M | $1.11B |
| 已付现金股利 | -$392.68M | -$374.64M | -$379.68M | -$1.43B | -$379.52M |
| 其他筹资费用净额 | -$18.02M | -$10.65M | -$27.22M | -$81.07M | -$32.47M |
| 期末现金余额 | $44.50M | $104.77M | $647.50M | $819.49M | $819.49M |
| 现金净变动 | -$60.27M | -$542.73M | -$172.00M | -$270.97M | $642.20M |
| 期初现金余额 | $104.77M | $647.50M | $819.49M | $1.09B | $177.29M |
| 自由现金流 | $265.21M | $264.40M | $234.18M | $1.49B | $335.44M |
| 普通股发行净额 | – | – | – | $0.00 | – |
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