Western MidstreamYPF

Western Midstream vs YPF

This page compares Western Midstream (Western Midstream Partners LP) and YPF (YPF Sociedad Anonima), presenting a neutral overview of their business models, financial performance, and the market conte...

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Riding The OPEC+ Wave: Midstream Energy Plays

Riding The OPEC+ Wave: Midstream Energy Plays

OPEC+ is moving forward with its plan to increase oil production to meet summer demand. This creates an opportunity for companies that transport, store, and process the additional crude oil and natural gas.

Published: July 25, 2025

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OPEC+ Opens The Taps: Midstream's Moment

OPEC+ Opens The Taps: Midstream's Moment

OPEC+ has decided to maintain its policy of gradually increasing oil production to meet rising global demand. This creates an investment opportunity in companies that provide the essential midstream services, such as transportation and storage, which will see increased business from the higher oil supply.

Published: July 25, 2025

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Natural Gas Drilling Revival Play

Natural Gas Drilling Revival Play

A carefully selected group of stocks poised to benefit from the recent upturn in U.S. natural gas drilling activity. Our professional analysts have identified companies across the entire natural gas value chain that could see improved performance as drilling rebounds for the first time in twelve weeks.

Published: July 20, 2025

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Toll Road Businesses

Toll Road Businesses

These gatekeepers of modern commerce own indispensable infrastructure and collect fees on the flow of goods, energy, and data. Our analysts have selected companies with durable, recurring revenues from hard-to-replicate physical and digital networks.

Published: June 17, 2025

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Investment Analysis

Pros

  • Western Midstream reported record third-quarter 2025 results, including net income of $331.7 million and Adjusted EBITDA of $633.8 million.
  • The company has a strong free cash flow performance, anticipated to exceed the high end of its 2025 guidance range of $1,275 million to $1,475 million.
  • Recent acquisition of Aris Water Solutions positions Western Midstream as a top three-stream midstream provider in the Delaware Basin, enhancing asset base and market reach.

Considerations

  • Western Midstream operates with relatively high capital expenditures projected between $625 million to $775 million for 2025, which may pressure liquidity.
  • The midstream energy sector faces exposure to volatile commodity prices which can impact transport volumes and contract renewals.
  • The company has a high price-to-book ratio of approximately 4.6x, above sector average, suggesting valuation may be elevated relative to peers.
YPF

YPF

YPF

Pros

  • YPF is Argentinaโ€™s largest integrated energy company, benefiting from significant domestic oil and gas reserves supporting long-term production.
  • The company has strategic importance with state involvement, which can provide supportive regulatory and policy frameworks.
  • YPF is actively investing in increasing production capacity and renewable energy projects to diversify its energy portfolio.

Considerations

  • YPF faces substantial macroeconomic risks including Argentinaโ€™s inflation, currency volatility, and regulatory uncertainties that may impact financial stability.
  • The companyโ€™s earnings and cash flows are sensitive to commodity price fluctuations and export restrictions imposed by Argentine authorities.
  • YPFโ€™s operational efficiency and profitability are constrained by high debt levels relative to regional peers, increasing financial risk.

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