WLKP
Westlake Chemical Partners LP
Price Chart
Latest Quote
$21.93
Current Price| Previous Close | $21.46 |
| Open | $21.57 |
| Day High | $22.07 |
| Day Low | $21.48 |
| Volume | 78,168 |
Stock Information
| Quarterly Dividend / Yield | $1.89 / 8.60% |
| Shares Outstanding | 35.25M |
| Total Debt | $399.67M |
| Cash Equivalents | $37.94M |
| Revenue | $1.13B |
| Net Income | $49.16M |
| Sector | Basic Materials |
| Industry | Chemicals |
| Market Cap | $772.94M |
| P/E Ratio | 15.78 |
| EPS (TTM) | $1.39 |
| Exchange | NYQ |
đ Custom Metrics & Score
Score: 14/42| Debt to Earnings | 0.95 |
| Current Ratio | 4.35 |
| Quick Ratio | 4.27 |
| Avg Revenue Growth | -1.62% |
| Profit Margin | 5.49% |
| Avg FCF Growth | 8.31% |
| FCF Yield | 56.41% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $21.93 | 79,700 |
| 2026-01-30 | $21.46 | 48,300 |
| 2026-01-29 | $21.68 | 62,000 |
| 2026-01-28 | $21.41 | 39,000 |
| 2026-01-27 | $21.18 | 50,900 |
| 2026-01-26 | $21.11 | 41,800 |
| 2026-01-23 | $21.09 | 41,800 |
| 2026-01-22 | $21.31 | 45,300 |
| 2026-01-21 | $21.21 | 18,800 |
| 2026-01-20 | $20.83 | 27,300 |
| 2026-01-16 | $20.85 | 33,400 |
| 2026-01-15 | $20.94 | 27,200 |
| 2026-01-14 | $20.91 | 44,500 |
| 2026-01-13 | $20.33 | 57,800 |
| 2026-01-12 | $20.25 | 84,900 |
| 2026-01-09 | $20.30 | 30,000 |
| 2026-01-08 | $20.11 | 41,400 |
| 2026-01-07 | $19.74 | 36,700 |
| 2026-01-06 | $19.88 | 83,700 |
| 2026-01-05 | $19.19 | 40,700 |
About Westlake Chemical Partners LP
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities which primarily convert ethane into ethylene. It also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. Westlake Chemical Partners LP was founded in 1991 and is headquartered in Houston, Texas.
đ° Latest News
Westlake Chemical Partners (WLKP) Profit Margin Holds at 4.8%, Reinforcing Stable Yield Narrative
Simply Wall St. âĸ 2025-11-01T05:23:32Z
Westlake Chemical Partners LP (WLKP) Q3 2025 Earnings Call Highlights: Strong Balance Sheet ...
GuruFocus.com âĸ 2025-10-31T01:15:08ZWestlake Chemical Partners: Q3 Earnings Snapshot
Associated Press Finance âĸ 2025-10-30T10:39:30ZWestlake Chemical Partners: Q2 Earnings Snapshot
Associated Press Finance âĸ 2025-08-05T10:35:32ZWestlake Chemical Partners Maintains Dividend Strength Amid Mixed Earnings Signals
Insider Monkey âĸ 2025-07-11T13:16:43Z
Westlake Chemical Partners LP (WLKP) Q1 2025 Earnings Call Highlights: Navigating Challenges ...
GuruFocus.com âĸ 2025-05-03T07:08:42ZWestlake (WLK) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks âĸ 2025-05-02T13:30:19Z
Westlake Chemical (WLK) Reports Q1 Loss, Lags Revenue Estimates
Zacks âĸ 2025-05-02T11:45:03Z
Westlake: Q1 Earnings Snapshot
Associated Press Finance âĸ 2025-05-02T10:47:21ZWestlake Chemical Partners: Q1 Earnings Snapshot
Associated Press Finance âĸ 2025-05-02T10:45:19ZIncome Statement (Annual)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $716,957,000 | $803,332,000 | $1,215,782,000 | $773,152,000 |
| Cost Of Revenue | $716,957,000 | $803,332,000 | $1,215,782,000 | $773,152,000 |
| Total Revenue | $1,135,896,000 | $1,190,791,000 | $1,593,147,000 | $1,214,858,000 |
| Operating Revenue | $1,135,896,000 | $1,190,791,000 | $1,593,147,000 | $1,214,858,000 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $25,701,000 | $26,501,000 | $13,407,000 | $8,816,000 |
| Total Expenses | $745,452,000 | $833,083,000 | $1,245,460,000 | $804,170,000 |
| Other Income Expense | $5,251,000 | $4,232,000 | $1,566,000 | $62,000 |
| Other Non Operating Income Expenses | $5,251,000 | $4,232,000 | $1,566,000 | $62,000 |
| Net Non Operating Interest Income Expense | $-25,701,000 | $-26,501,000 | $-13,407,000 | $-8,816,000 |
| Interest Expense Non Operating | $25,701,000 | $26,501,000 | $13,407,000 | $8,816,000 |
| Operating Expense | $28,495,000 | $29,751,000 | $29,678,000 | $31,018,000 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $62,392,000 | $54,283,000 | $64,173,000 | $82,547,000 |
| Net Interest Income | $-25,701,000 | $-26,501,000 | $-13,407,000 | $-8,816,000 |
| Normalized Income | $62,392,000 | $54,283,000 | $64,173,000 | $82,547,000 |
| Net Income From Continuing And Discontinued Operation | $62,392,000 | $54,283,000 | $64,173,000 | $82,547,000 |
| Total Operating Income As Reported | $390,444,000 | $357,708,000 | $347,687,000 | $410,688,000 |
| Net Income Common Stockholders | $62,392,000 | $54,283,000 | $64,173,000 | $82,547,000 |
| Net Income | $62,392,000 | $54,283,000 | $64,173,000 | $82,547,000 |
| Net Income Including Noncontrolling Interests | $369,159,000 | $334,626,000 | $334,829,000 | $401,385,000 |
| Net Income Continuous Operations | $369,159,000 | $334,626,000 | $334,829,000 | $401,385,000 |
| Pretax Income | $369,994,000 | $335,439,000 | $335,846,000 | $401,934,000 |
| Operating Income | $390,444,000 | $357,708,000 | $347,687,000 | $410,688,000 |
| Gross Profit | $418,939,000 | $387,459,000 | $377,365,000 | $441,706,000 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | $1.77 | $1.54 | $1.82 | $2.34 |
| Basic EPS | $1.77 | $1.54 | $1.82 | $2.34 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $507,594,000 | $472,143,000 | $470,327,000 | $519,564,000 |
| Reconciled Depreciation | $111,899,000 | $110,203,000 | $121,074,000 | $108,814,000 |
| EBITDA (Bullshit earnings) | $507,594,000 | $472,143,000 | $470,327,000 | $519,564,000 |
| EBIT | $395,695,000 | $361,940,000 | $349,253,000 | $410,750,000 |
| Diluted Average Shares | $35,249,718 | $35,248,701 | $35,259,890 | $35,276,496 |
| Basic Average Shares | $35,249,718 | $35,248,701 | $35,259,890 | $35,276,496 |
| Diluted NI Availto Com Stockholders | $62,392,000 | $54,283,000 | $64,173,000 | $82,547,000 |
| Minority Interests | $-306,767,000 | $-280,343,000 | $-270,656,000 | $-318,838,000 |
| Tax Provision | $835,000 | $813,000 | $1,017,000 | $549,000 |
| Selling General And Administration | $28,495,000 | $29,751,000 | $29,678,000 | $31,018,000 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $-5,814,000 | $-5,814,000 | $-5,814,000 | $-5,814,000 |
| Total Assets | $1,287,956,000 | $1,316,842,000 | $1,371,979,000 | $1,480,698,000 |
| Total Non Current Assets | $1,047,030,000 | $1,090,639,000 | $1,126,186,000 | $1,199,488,000 |
| Other Non Current Assets | $8,063,000 | $7,806,000 | $2,512,000 | $3,193,000 |
| Non Current Deferred Assets | $129,565,000 | $133,176,000 | $127,647,000 | $146,942,000 |
| Goodwill And Other Intangible Assets | $5,814,000 | $5,814,000 | $5,814,000 | $5,814,000 |
| Current Assets | $240,926,000 | $226,203,000 | $245,793,000 | $281,210,000 |
| Other Current Assets | $444,000 | $442,000 | $305,000 | $396,000 |
| Inventory | $4,058,000 | $4,432,000 | $4,715,000 | $8,898,000 |
| Receivables | $178,108,000 | $162,710,000 | $175,991,000 | $254,859,000 |
| Accounts Receivable | $11,576,000 | $15,344,000 | $18,533,000 | $5,825,000 |
| Allowance For Doubtful Accounts Receivable | $-181,000 | $-278,000 | $-280,000 | $-50,000 |
| Gross Accounts Receivable | $11,757,000 | $15,622,000 | $18,813,000 | $5,875,000 |
| Cash Cash Equivalents And Short Term Investments | $58,316,000 | $58,619,000 | $64,782,000 | $17,057,000 |
| Cash And Cash Equivalents | $58,316,000 | $58,619,000 | $64,782,000 | $17,057,000 |
| Other Receivables | - | $3,357,000 | $1,497,000 | - |
| Prepaid Assets | - | - | - | $396,000 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Debt | $341,358,000 | $341,055,000 | $334,892,000 | $382,617,000 |
| Total Debt | $399,674,000 | $399,674,000 | $399,674,000 | $399,674,000 |
| Long Term Debt And Capital Lease Obligation | $399,674,000 | $399,674,000 | $399,674,000 | $399,674,000 |
| Long Term Debt | $399,674,000 | $399,674,000 | $399,674,000 | $399,674,000 |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $458,642,000 | $460,592,000 | $468,271,000 | $508,000,000 |
| Total Non Current Liabilities Net Minority Interest | $403,270,000 | $404,257,000 | $401,330,000 | $401,204,000 |
| Other Non Current Liabilities | $2,050,000 | $2,951,000 | - | - |
| Non Current Deferred Liabilities | $1,546,000 | $1,632,000 | $1,656,000 | $1,530,000 |
| Non Current Deferred Taxes Liabilities | $1,546,000 | $1,632,000 | $1,656,000 | $1,530,000 |
| Current Liabilities | $55,372,000 | $56,335,000 | $66,941,000 | $106,796,000 |
| Payables And Accrued Expenses | $55,372,000 | $56,335,000 | $62,983,000 | $106,796,000 |
| Payables | $38,452,000 | $31,355,000 | $52,056,000 | $45,901,000 |
| Accounts Payable | $38,452,000 | $31,355,000 | $49,404,000 | $45,901,000 |
| Other Current Liabilities | - | $5,475,000 | $3,958,000 | - |
| Interest Payable | - | $6,675,000 | $4,733,000 | - |
| Total Tax Payable | - | $3,033,000 | $2,652,000 | - |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $276,129,000 | $279,934,000 | $291,930,000 | $293,978,000 |
| Total Equity Gross Minority Interest | $829,314,000 | $856,250,000 | $903,708,000 | $972,698,000 |
| Stockholders Equity | $0 | $0 | $0 | $0 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Ordinary Shares Number | $35,238,556 | $35,228,134 | $35,221,868 | $35,214,416 |
| Share Issued | $35,238,556 | $35,228,134 | $35,221,868 | $35,214,416 |
| Tangible Book Value | $270,315,000 | $274,120,000 | $286,116,000 | $288,164,000 |
| Invested Capital | $675,803,000 | $679,608,000 | $691,604,000 | $693,652,000 |
| Working Capital | $185,554,000 | $169,868,000 | $178,852,000 | $174,414,000 |
| Total Capitalization | $675,803,000 | $679,608,000 | $691,604,000 | $693,652,000 |
| Minority Interest | $553,185,000 | $576,316,000 | $611,778,000 | $678,720,000 |
| Total Partnership Capital | $276,129,000 | $279,934,000 | $291,930,000 | $293,978,000 |
| General Partnership Capital | $-242,572,000 | $-242,572,000 | $-242,572,000 | $-242,572,000 |
| Limited Partnership Capital | $518,701,000 | $522,506,000 | $534,502,000 | $536,550,000 |
| Current Accrued Expenses | $16,920,000 | $24,980,000 | $10,927,000 | $60,895,000 |
| Goodwill | $5,814,000 | $5,814,000 | $5,814,000 | $5,814,000 |
| Net PPE | $903,588,000 | $943,843,000 | $990,213,000 | $1,043,539,000 |
| Accumulated Depreciation | $-1,237,929,000 | $-1,161,032,000 | $-1,102,800,000 | $-1,022,750,000 |
| Gross PPE | $2,141,517,000 | $2,104,875,000 | $2,093,013,000 | $2,066,289,000 |
| Construction In Progress | $53,606,000 | $37,747,000 | $26,039,000 | $30,753,000 |
| Other Properties | $118,870,000 | $112,210,000 | $110,984,000 | $107,656,000 |
| Machinery Furniture Equipment | $1,950,479,000 | $1,936,295,000 | $1,937,439,000 | $1,909,519,000 |
| Buildings And Improvements | $18,562,000 | $18,623,000 | $18,551,000 | $18,361,000 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $3,748,000 | $4,147,000 | $4,093,000 | $5,458,000 |
| Raw Materials | $310,000 | $285,000 | $622,000 | $3,440,000 |
| Duefrom Related Parties Current | $166,532,000 | $144,009,000 | $155,961,000 | $249,034,000 |
| Treasury Shares Number | - | $0 | - | - |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $436,030,000 | $405,178,000 | $409,618,000 | $327,268,000 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $485,001,000 | $451,999,000 | $463,736,000 | $408,439,000 |
| Cash Flow From Continuing Operating Activities | $485,001,000 | $451,999,000 | $463,736,000 | $408,439,000 |
| Operating Gains Losses | $2,345,000 | $4,933,000 | $4,707,000 | $4,198,000 |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Capital Expenditure | $-48,971,000 | $-46,821,000 | $-54,118,000 | $-81,171,000 |
| Investing Cash Flow | $-88,971,000 | $-75,937,000 | $-12,002,000 | $-64,301,000 |
| Cash Flow From Continuing Investing Activities | $-88,971,000 | $-75,937,000 | $-12,002,000 | $-64,301,000 |
| Net Other Investing Changes | - | - | - | $-130,000 |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Financing Cash Flow | $-396,333,000 | $-382,225,000 | $-404,009,000 | $-344,235,000 |
| Cash Flow From Continuing Financing Activities | $-396,333,000 | $-382,225,000 | $-404,009,000 | $-344,235,000 |
| Net Other Financing Charges | $-329,898,000 | $-315,805,000 | $-337,598,000 | $-277,856,000 |
| Cash Dividends Paid | $-66,435,000 | $-66,420,000 | $-66,411,000 | $-66,379,000 |
| Common Stock Dividend Paid | $-66,435,000 | $-66,420,000 | $-66,411,000 | $-66,379,000 |
| Issuance Of Capital Stock | - | - | - | $0 |
| Net Common Stock Issuance | - | - | - | $0 |
| Common Stock Issuance | - | - | - | $0 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-219,000,000 | $-209,250,000 | $-32,000,000 | $0 |
| Issuance Of Debt | $219,000,000 | $209,250,000 | $32,000,000 | $0 |
| Interest Paid Supplemental Data | $26,528,000 | $24,537,000 | $10,850,000 | - |
| Income Tax Paid Supplemental Data | $831,000 | $827,000 | $683,000 | - |
| End Cash Position | $58,316,000 | $58,619,000 | $64,782,000 | $17,057,000 |
| Beginning Cash Position | $58,619,000 | $64,782,000 | $17,057,000 | $17,154,000 |
| Changes In Cash | $-303,000 | $-6,163,000 | $47,725,000 | $-97,000 |
| Net Issuance Payments Of Debt | $0 | $0 | $0 | $0 |
| Net Long Term Debt Issuance | $0 | $0 | $0 | $0 |
| Long Term Debt Payments | $-219,000,000 | $-209,250,000 | $-32,000,000 | $0 |
| Long Term Debt Issuance | $219,000,000 | $209,250,000 | $32,000,000 | $0 |
| Net Investment Purchase And Sale | $-40,000,000 | $-29,116,000 | $42,116,000 | $17,000,000 |
| Sale Of Investment | $0 | $145,000,000 | $362,000,000 | $293,000,000 |
| Purchase Of Investment | $-40,000,000 | $-174,116,000 | $-319,884,000 | $-276,000,000 |
| Net PPE Purchase And Sale | $-48,971,000 | $-46,821,000 | $-54,118,000 | $-81,171,000 |
| Purchase Of PPE | $-48,971,000 | $-46,821,000 | $-54,118,000 | $-81,171,000 |
| Change In Working Capital | $1,780,000 | $2,264,000 | $2,770,000 | $-105,682,000 |
| Change In Other Working Capital | $-23,036,000 | $-32,140,000 | $-6,732,000 | $-131,322,000 |
| Change In Payables And Accrued Expense | $-8,514,000 | $5,595,000 | $-54,534,000 | $57,356,000 |
| Change In Accrued Expense | $-5,821,000 | $4,026,000 | $-37,533,000 | $37,574,000 |
| Change In Payable | $-2,693,000 | $1,569,000 | $-17,001,000 | $19,782,000 |
| Change In Account Payable | $-2,693,000 | $1,569,000 | $-17,001,000 | $19,782,000 |
| Change In Prepaid Assets | $-2,000 | $-137,000 | $91,000 | $-4,000 |
| Change In Inventory | $374,000 | $283,000 | $4,183,000 | $-5,424,000 |
| Change In Receivables | $32,958,000 | $28,663,000 | $59,762,000 | $-26,288,000 |
| Changes In Account Receivables | $32,958,000 | $28,663,000 | $59,762,000 | $-26,288,000 |
| Other Non Cash Items | $-182,000 | $-27,000 | $356,000 | $-276,000 |
| Depreciation Amortization Depletion | $111,899,000 | $110,203,000 | $121,074,000 | $108,814,000 |
| Depreciation And Amortization | $111,899,000 | $110,203,000 | $121,074,000 | $108,814,000 |
| Gain Loss On Sale Of PPE | $2,345,000 | $4,933,000 | $4,707,000 | $4,198,000 |
| Net Income From Continuing Operations | $369,159,000 | $334,626,000 | $334,829,000 | $401,385,000 |