Sifting through countless of stocks in the Oil, Gas & Consumable Fuels industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Western Midstream Partners, LP or Equinor ASA because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Western Midstream Partners, LP and Equinor ASA compare based on key financial metrics to determine which better meets your investment needs.

About Western Midstream Partners, LP and Equinor ASA

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. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.

Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing; research, technology development, specialist advisory services, digitalization, IT, improvement, innovation, and ventures and future business; and developing, exploring, investing in, and operating areas within renewable energy, such as offshore wind, green hydrogen, storage solutions, and solar power. It is also involved in the marketing, trading, processing, and transportation of crude oil and condensate, natural gas, NGL and refined products, including refineries, terminals, and processing plant operation; power and emissions trading; development of transportation solutions for natural gas, liquids, and crude oil, including pipelines, shipping, trucking, and rail; and provision of low carbon solutions. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.

Latest Oil, Gas & Consumable Fuels and Western Midstream Partners, LP, Equinor ASA Stock News

As of July 31, 2026, Western Midstream Partners, LP had a $18.3 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.7 million. Western Midstream Partners, LP’s stock is NA in 2026, NA in the previous five trading days and up 15.02% in the past year.

Currently, Western Midstream Partners, LP’s price-earnings ratio is 15.3. Western Midstream Partners, LP’s trailing 12-month revenue is $4.0 billion with a 29.5% net profit margin. Year-over-year quarterly sales growth most recently was 22.5%. Analysts expect adjusted earnings to reach $3.509 per share for the current fiscal year. Western Midstream Partners, LP currently has a 8.0% dividend yield.

Currently, Equinor ASA’s price-earnings ratio is 11.3. Equinor ASA’s trailing 12-month revenue is $113.7 billion with a 8.0% net profit margin. Year-over-year quarterly sales growth most recently was 37.4%. Analysts expect adjusted earnings to reach $5.212 per share for the current fiscal year. Equinor ASA currently has a 3.8% dividend yield.

How We Compare Western Midstream Partners, LP and Equinor ASA Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Western Midstream Partners, LP and Equinor ASA’s stock grades to see how they measure up against one another.

Learn more about A+ Investor here!

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

Western Midstream Partners, LP and Equinor ASA Stock Value Grades

Company	Ticker	Value
Western Midstream Partners, LP	WES	C
Equinor ASA	EQNR	A

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Western Midstream Partners, LP has a Value Score of 45, which is Average. Equinor ASA has a Value Score of 89, which is Deep Value.

The Value Stock Winner: Equinor ASA

As you can clearly see from the Value Grade breakdown above, Equinor ASA is considered to have better value than Western Midstream Partners, LP. For investors who focus solely on a company’s valuation, Equinor ASA could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Western Midstream Partners, LP and Equinor ASA Growth Grades

Company	Ticker	Growth
Western Midstream Partners, LP	WES	A
Equinor ASA	EQNR	B

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Western Midstream Partners, LP has a Growth Score of 95, which is Very Strong. Equinor ASA has a Growth Score of 64, which is Strong.

The Growth Grade Winner: Western Midstream Partners, LP

As you can clearly see from the Growth Grade breakdown above, Western Midstream Partners, LP has a more attractive growth grade than Equinor ASA. For investors who focus solely on how a company is growing relative to other companies in the same industry, Western Midstream Partners, LP could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Western Midstream Partners, LP and Equinor ASA’s Momentum Grades

Company	Ticker	Momentum
Western Midstream Partners, LP	WES	C
Equinor ASA	EQNR	B

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Western Midstream Partners, LP has a Momentum Score of 56, which is Average. Equinor ASA has a Momentum Score of 77, which is Strong.

The Momentum Grade Winner: Equinor ASA

As you can clearly see from the Momentum Grade breakdown above, Equinor ASA is considered to have stronger momentum compared to Western Midstream Partners, LP. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Equinor ASA could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Western Midstream Partners, LP and Equinor ASA Grades

In addition to Growth, Momentum and Value, A+ Investor also provides grades for Estimate Revisions and Quality.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Western Midstream Partners, LP and Equinor ASA pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Western Midstream Partners, LP or Equinor ASA Stock?

Overall, Western Midstream Partners, LP stock has a Value Score of 45, Growth Score of 95 and Momentum Score of 56.

Equinor ASA stock has a Value Score of 89, Growth Score of 64 and Momentum Score of 77.

Comparing Western Midstream Partners, LP and Equinor ASA’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.