Kinetik (KNTK) vs Western Midstream Partners (WES)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Kinetik (KNTK) has outperformed Western Midstream Partners (WES) over the past year, gaining 36.0% versus a gain of 19.6%. Over five years, WES leads with a +97.5% price change compared with +22.1% for KNTK. Western Midstream Partners is the larger company by market cap ($18.93 billion vs $9.21 billion), about 2.1 times the size, while Kinetik is growing revenue faster (+19.0% vs +6.6%).
On valuation, Western Midstream Partners trades at a lower forward P/E (12.0x vs 25.0x for Kinetik). Western Midstream Partners offers the higher dividend yield (8.03% vs 5.90%). Western Midstream Partners converts more of its revenue into profit, with a net margin of 30.7% versus 10.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | KNTK | WES |
|---|---|---|
| Share price | $54.41 | $45.82 |
| Market cap | $9.21B | $18.93B |
| 1-day change | +1.28% | +0.59% |
| YTD return | +49.02% | +16.91% |
| 1-year return | +36.00% | +19.64% |
| 5-year return | +22.10% | +97.52% |
| P/E ratio (TTM) | 19.02 | 14.50 |
| Forward P/E | 24.95 | 11.97 |
| EPS (TTM) | $2.86 | $3.16 |
| Dividend yield | 5.90% | 8.03% |
| Annual dividend | $3.21 | $3.68 |
| Revenue (latest FY) | $1.76B | $3.84B |
| Revenue growth (YoY) | +18.98% | +6.61% |
| Net income (latest FY) | $178.26M | $1.18B |
| Gross margin | 55.45% | 94.61% |
| Operating margin | 9.35% | 41.67% |
| Net margin | 10.10% | 30.73% |
| 52-week high | $56.92 | $50.07 |
| 52-week low | $31.33 | $36.90 |
| Distance from 52-week high | -4.41% | -8.49% |
| Analyst consensus | none | buy |
| Avg. price target upside | +5.33% | +8.45% |
| Average volume | 1.13M | 824.08K |
| Shares outstanding | 80.44M | 413.17M |
| Employees | 500 | 1,704 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Midstream Partners is about 2.1 times larger than Kinetik by market value ($18.93B vs $9.21B).
- KNTK has outperformed WES by 16.4 percentage points over the past year.
- Kinetik trades at a higher earnings multiple (19.0x vs 14.5x trailing P/E).
- Western Midstream Partners offers a meaningfully higher dividend yield (8.03% vs 5.90%).
- Western Midstream Partners is more profitable, keeping 30.7 cents of every revenue dollar as net income versus 10.1 cents for Kinetik.
- Kinetik grew revenue faster in its latest fiscal year (+18.98% vs +6.61%).
About Kinetik
KNTK stock →Kinetik Holdings Inc., through its subsidiaries, operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation.
Utilities · Natural Gas Distribution · 500 employees
About Western Midstream Partners
WES stock →Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water.
Utilities · Natural Gas Distribution · 1,704 employees
KNTK vs WES FAQ
Which is bigger, Kinetik or Western Midstream Partners?
Western Midstream Partners (WES) is larger, with a market capitalization of $18.93B compared with $9.21B for Kinetik (KNTK).
Which stock has performed better over the past year, KNTK or WES?
KNTK returned +36.00% over the past 12 months, compared with +19.64% for WES (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KNTK or WES?
WES has the lower trailing P/E at 14.5, versus 19.0 for KNTK. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Kinetik or Western Midstream Partners?
Western Midstream Partners has the higher yield at 8.03%, compared with 5.90% for Kinetik.
Are Kinetik and Western Midstream Partners in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.