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Westlake Chemical Partners LP(WLKP)Earnings, Financials & Key Ratios
WLKP•NYSE
2.7× P/E·Price updated Jun 19, 2026
AboutWestlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, including 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. The company was incorporated in 2014 and is headquartered in Houston, Texas.Show more
- Revenue$1.17B+2.7%
- EBITDA$448M-10.9%
- Net Income$299M+378.5%
- EPS (Diluted)8.47+378.5%
- Gross Margin29.81%-19.2%
- EBITDA Margin38.36%-13.3%
- Operating Margin27.39%-20.3%
- Net Margin25.59%+365.9%
- ROE36.6%+394.4%
WLKP Key Insights
Westlake Chemical Partners LP (WLKP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 35.2%
- ✓FCF machine: 17.3% free cash flow margin
- ✓Good 3Y average ROE of 16.7%
- ✓Trading at only 1.0x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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WLKP Price & Volume
Westlake Chemical Partners LP (WLKP) stock price & volume — 10-year historical chart
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WLKP Growth Metrics
Westlake Chemical Partners LP (WLKP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.48%
5 Years3.83%
3 Years-9.86%
TTM13.4%
Profit CAGR
10 Years22.32%
5 Years35.17%
3 Years66.94%
TTM271.62%
EPS CAGR
10 Years19.14%
5 Years35.13%
3 Years66.96%
TTM142.95%
Return on Capital
10 Years26.95%
5 Years28.38%
3 Years28.48%
Last Year26.22%
WLKP Recent Earnings
Westlake Chemical Partners LP (WLKP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.40-7.0%
$0.43
Rev
$306M-41.4%
$522M
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.41+8.2%
$0.38
Rev
$323M+3.2%
$313M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.42-2.3%
$0.43
Rev
$309M+1.9%
$303M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.41-7.7%
$0.44
Rev
$297M-1.3%
$301M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.40vs $0.43-7.0% | $306Mvs $522M-41.4% |
| Q1 2026 | Feb 24, 2026 | $0.41vs $0.38+8.2% | $323Mvs $313M+3.2% |
| Q4 2025 | Oct 30, 2025 | $0.42vs $0.43-2.3% | $309Mvs $303M+1.9% |
| Q3 2025 | Aug 5, 2025 | $0.41vs $0.44-7.7% | $297Mvs $301M-1.3% |
Based on last 12 quarters of dataView full earnings history →
WLKP Peer Comparison
Westlake Chemical Partners LP (WLKP) competitors in Petrochemicals, plastics and oxygenates — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MPLX | 57.7B | 56.84 | 11.79 | 8.37% | 37.54% | 32.81% | 1.80 | |
 HESM | 7.67B | 36.79 | 12.86 | 8.67% | 21.79% | 74.89% | 8.61 | |
 CAPL | 839.73M | 22.02 | 20.20 | -10.63% | 2.03% | |||
 WLK | 10.28B | 80.28 | -6.84 | -8.01% | -14.91% | -16.76% | 0.69 | |
 OLN | 2.51B | 22.01 | -59.49 | 3.68% | -1.89% | -6.64% | 1.76 | |
 CE | 5.73B | 51.16 | -4.81 | -7.16% | -10.79% | -21.51% | 2.89 | |
 TROX | 1.18B | 7.40 | -2.49 | -5.73% | -12.3% | -30.42% | 2.48 | |
 ETH | 415.27M | 16.21 | 8.06 | -4.89% | 7.35% | 9.21% | 0.26 |
Compare WLKP vs Peers
Westlake Chemical Partners LP (WLKP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WLKP Income Statement
Westlake Chemical Partners LP (WLKP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.17B | 1.29B | 1.09B | 966.67M | 1.21B | 1.59B | 1.19B | 1.14B | 1.17B | 1.23B |
Revenue Growth % | 18.87% | 9.6% | -15.07% | -11.47% | 25.67% | 31.14% | -25.26% | -4.61% | 2.71% | 13.4% |
Cost of Goods Sold | 769.31M | 908.46M | 712.44M | 587.79M | 773.15M | 1.22B | 803.33M | 716.96M | 818.85M | 847.22M |
COGS % of Revenue | 65.59% | 70.66% | 65.25% | 60.81% | 63.64% | 76.31% | 67.46% | 63.12% | 70.19% | - |
Gross Profit | 403.67M▲ 0% | 377.16M▼ 6.6% | 379.43M▲ 0.6% | 378.88M▼ 0.1% | 441.71M▲ 16.6% | 377.37M▼ 14.6% | 387.46M▲ 2.7% | 418.94M▲ 8.1% | 347.85M▼ 17.0% | 387.53M▲ 0% |
Gross Margin % | 34.41% | 29.34% | 34.75% | 39.19% | 36.36% | 23.69% | 32.54% | 36.88% | 29.81% | 31.39% |
Gross Profit Growth % | 3.15% | -6.57% | 0.6% | -0.14% | 16.58% | -14.57% | 2.67% | 8.12% | -16.97% | - |
Operating Expenses | 29.26M | 27.59M | 29.28M | 25.89M | 31.02M | 29.68M | 29.75M | 28.5M | 28.27M | 27.99M |
OpEx % of Revenue | 2.49% | 2.15% | 2.68% | 2.68% | 2.55% | 1.86% | 2.5% | 2.51% | 2.42% | - |
Selling, General & Admin | 29.26M | 27.59M | 29.28M | 25.89M | 31.02M | 29.68M | 29.75M | 28.5M | 28.27M | 27.99M |
SG&A % of Revenue | 2.49% | 2.15% | 2.68% | 2.68% | 2.55% | 1.86% | 2.5% | 2.51% | 2.42% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Income | 374.41M▲ 0% | 349.57M▼ 6.6% | 350.15M▲ 0.2% | 352.99M▲ 0.8% | 410.69M▲ 16.3% | 347.69M▼ 15.3% | 357.71M▲ 2.9% | 390.44M▲ 9.2% | 319.58M▼ 18.2% | 359.54M▲ 0% |
Operating Margin % | 31.92% | 27.19% | 32.07% | 36.52% | 33.81% | 21.82% | 30.04% | 34.37% | 27.39% | 29.12% |
Operating Income Growth % | 2.17% | -6.63% | 0.17% | 0.81% | 16.35% | -15.34% | 2.88% | 9.15% | -18.15% | - |
EBITDA | 488.39M | 458.41M | 457.47M | 456.14M | 519.5M | 468.76M | 467.91M | 502.34M | 447.56M | 465.71M |
EBITDA Margin % | 41.64% | 35.66% | 41.9% | 47.19% | 42.76% | 29.42% | 39.29% | 44.22% | 38.36% | 37.72% |
EBITDA Growth % | 5.11% | -6.14% | -0.21% | -0.29% | 13.89% | -9.77% | -0.18% | 7.36% | -10.91% | 6.92% |
D&A (Non-Cash Add-back) | 113.98M | 108.84M | 107.32M | 103.15M | 108.81M | 121.07M | 110.2M | 111.9M | 127.98M | 106.17M |
EBIT | 376.2M | 352.03M | 353.25M | 353.72M | 410.75M | 349.25M | 361.94M | 395.69M | 322.02M | 360.64M |
Net Interest Income | -21.86M | -21.43M | -19.62M | -12.04M | -8.82M | -13.41M | -26.5M | -25.7M | -22.9M | -40.25M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 21.86M | 21.43M | 19.62M | 12.04M | 8.82M | 13.41M | 26.5M | 25.7M | 22.9M | 35.16M |
Other Income/Expense | -20.07M | -18.98M | -16.53M | -11.3M | -8.75M | -11.84M | -22.27M | -20.45M | -20.45M | -21M |
Pretax Income | 354.34M▲ 0% | 330.59M▼ 6.7% | 333.62M▲ 0.9% | 341.68M▲ 2.4% | 401.93M▲ 17.6% | 335.85M▼ 16.4% | 335.44M▼ 0.1% | 369.99M▲ 10.3% | 299.12M▼ 19.2% | 338.54M▲ 0% |
Pretax Margin % | 30.21% | 25.71% | 30.56% | 35.35% | 33.08% | 21.08% | 28.17% | 32.57% | 25.64% | 27.42% |
Income Tax | 1.28M | 22K | 728K | 564K | 549K | 1.02M | 813K | 835K | 547K | 617K |
Effective Tax Rate % | 0.36% | 0.01% | 0.22% | 0.17% | 0.14% | 0.3% | 0.24% | 0.23% | 0.18% | 0.18% |
Net Income | 48.67M▲ 0% | 49.35M▲ 1.4% | 60.98M▲ 23.6% | 66.17M▲ 8.5% | 82.55M▲ 24.8% | 64.17M▼ 22.3% | 54.28M▼ 15.4% | 62.39M▲ 14.9% | 298.58M▲ 378.5% | 195.12M▲ 0% |
Net Margin % | 4.15% | 3.84% | 5.58% | 6.84% | 6.79% | 4.03% | 4.56% | 5.49% | 25.59% | 15.8% |
Net Income Growth % | 18.88% | 1.39% | 23.58% | 8.5% | 24.76% | -22.26% | -15.41% | 14.94% | 378.55% | 271.62% |
Net Income (Continuing) | 353.06M | 330.57M | 332.89M | 341.12M | 401.38M | 334.83M | 334.63M | 369.16M | 298.58M | 337.92M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 778.93M | 718.27M | 432.05M | 395.17M | 436.15M | 369.21M | 333.74M | 310.61M | 301.24M | 293.72M |
EPS (Diluted) | 1.72▲ 0% | 1.51▼ 12.2% | 1.77▲ 17.2% | 1.88▲ 6.2% | 2.34▲ 24.5% | 1.82▼ 22.2% | 1.54▼ 15.4% | 1.77▲ 14.9% | 8.47▲ 378.5% | 5.51▲ 0% |
EPS Growth % | 117.72% | -12.21% | 17.22% | 6.21% | 24.47% | -22.22% | -15.38% | 14.94% | 378.53% | 142.95% |
EPS (Basic) | 1.72 | 1.53 | 1.77 | 1.88 | 2.34 | 1.82 | 1.54 | 1.77 | 8.47 | - |
Diluted Shares Outstanding | 28.39M | 32.68M | 34.49M | 35.2M | 35.21M | 35.22M | 35.22M | 35.23M | 35.23M | 35.42M |
Basic Shares Outstanding | 28.39M | 32.24M | 34.49M | 35.2M | 35.21M | 35.22M | 35.25M | 35.23M | 35.23M | 35.42M |
Dividend Payout Ratio | 86.54% | 108.14% | 101.81% | 100.3% | 80.41% | 103.49% | 122.36% | 106.48% | 22.26% | - |
WLKP Balance Sheet
Westlake Chemical Partners LP (WLKP) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 231.39M | 247.14M | 238.41M | 263.31M | 281.21M | 245.79M | 226.2M | 240.93M | 143.51M | 148.9M |
Cash & Short-Term Investments | 27.01M | 19.74M | 19.92M | 17.15M | 17.06M | 64.78M | 58.62M | 58.32M | 44.27M | 44.29M |
Cash Only | 27.01M | 19.74M | 19.92M | 17.15M | 17.06M | 64.78M | 58.62M | 58.32M | 44.27M | 44.29M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 198.48M | 222.64M | 214.94M | 242.28M | 254.86M | 109.5M | 162.71M | 178.11M | 63.57M | 45.08M |
Days Sales Outstanding | 61.76 | 63.21 | 71.85 | 91.48 | 76.57 | 25.09 | 49.87 | 57.23 | 19.89 | 23.24 |
Inventory | 5.59M | 4.39M | 2.48M | 3.47M | 8.9M | 4.71M | 4.43M | 4.06M | 2.77M | 3.09M |
Days Inventory Outstanding | 2.65 | 1.76 | 1.27 | 2.16 | 4.2 | 1.42 | 2.01 | 2.07 | 1.23 | 1.31 |
Other Current Assets | 0 | 0 | 1.07M | 392K | 396K | 66.49M | 442K | 444K | 32.9M | 56.44M |
Total Non-Current Assets | 1.28B | 1.21B | 1.16B | 1.09B | 1.2B | 1.13B | 1.09B | 1.05B | 1.11B | 1.09B |
Property, Plant & Equipment | 1.2B | 1.15B | 1.1B | 1.05B | 1.04B | 990.21M | 943.84M | 903.59M | 886.01M | 871.61M |
Fixed Asset Turnover | 0.98x | 1.12x | 0.99x | 0.92x | 1.16x | 1.61x | 1.26x | 1.26x | 1.32x | 1.39x |
Goodwill | 5.81M | 5.81M | 5.81M | 5.81M | 5.81M | 5.81M | 5.81M | 5.81M | 0 | 5.81M |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | -8.03M | -7.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 87.64M | 66.72M | 46.24M | 36.69M | 150.13M | 130.16M | 140.98M | 137.63M | 227.01M | 209.38M |
Total Assets | 1.52B▲ 0% | 1.46B▼ 3.5% | 1.39B▼ 4.7% | 1.36B▼ 2.7% | 1.48B▲ 9.2% | 1.37B▼ 7.3% | 1.32B▼ 4.0% | 1.29B▼ 2.2% | 1.26B▼ 2.4% | 1.24B▲ 0% |
Asset Turnover | 0.77x | 0.88x | 0.78x | 0.71x | 0.82x | 1.16x | 0.90x | 0.88x | 0.93x | 0.97x |
Asset Growth % | -2.57% | -3.51% | -4.7% | -2.65% | 9.16% | -7.34% | -4.02% | -2.19% | -2.44% | -12.65% |
Total Current Liabilities | 40.24M | 48.77M | 38.85M | 39.75M | 106.8M | 66.94M | 56.34M | 55.37M | 51.3M | 40.79M |
Accounts Payable | 24.54M | 32.52M | 21.34M | 20.99M | 45.9M | 49.4M | 31.36M | 20.74M | 51.3M | 40.79M |
Days Payables Outstanding | 11.64 | 13.07 | 10.93 | 13.03 | 21.67 | 14.83 | 14.25 | 10.56 | 22.87 | 16.35 |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 0 | 14.9M | 12.56M | 60.9M | 2.65M | 5.47M | 17.71M | 0 | 0 |
Current Ratio | 5.75x | 5.07x | 6.14x | 6.62x | 2.63x | 3.67x | 4.02x | 4.35x | 2.80x | 3.65x |
Quick Ratio | 5.61x | 4.98x | 6.07x | 6.54x | 2.55x | 3.60x | 3.94x | 4.28x | 2.74x | 3.57x |
Cash Conversion Cycle | 52.77 | 51.91 | 62.19 | 80.61 | 59.1 | 11.67 | 37.64 | 48.74 | -1.74 | 8.2 |
Total Non-Current Liabilities | 476.29M | 479.27M | 402.47M | 401.6M | 401.2M | 401.33M | 404.26M | 403.27M | 402.88M | 402.52M |
Long-Term Debt | 473.96M | 477.61M | 399.67M | 399.67M | 399.67M | 399.67M | 399.67M | 399.67M | 399.67M | 399.67M |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 2.22M | 1.66M | 1.65M | 1.54M | 1.53M | 0 | 1.63M | 1.55M | 0 | 4.62M |
Other Non-Current Liabilities | 107K | 0 | 1.15M | 381K | 0 | 1.66M | 2.95M | 2.05M | 3.21M | 0 |
Total Liabilities | 516.53M | 528.04M | 441.32M | 441.35M | 508M | 468.27M | 460.59M | 458.64M | 454.18M | 443.31M |
Total Debt | 473.96M | 477.61M | 399.67M | 399.67M | 399.67M | 399.67M | 399.67M | 399.67M | 399.67M | 399.67M |
Net Debt | 446.95M | 457.86M | 379.75M | 382.52M | 382.62M | 334.89M | 341.06M | 341.36M | 355.4M | 355.38M |
Debt / Equity | 0.27x | 0.29x | 0.42x | 0.44x | 0.41x | 0.44x | 0.47x | 0.48x | 0.50x | 0.50x |
Debt / EBITDA | 0.97x | 1.04x | 0.87x | 0.88x | 0.77x | 0.85x | 0.85x | 0.80x | 0.89x | 0.86x |
Net Debt / EBITDA | 0.92x | 1.00x | 0.83x | 0.84x | 0.74x | 0.71x | 0.73x | 0.68x | 0.79x | 0.76x |
Interest Coverage | 17.21x | 16.42x | 18.00x | 29.38x | 46.59x | 26.05x | 13.66x | 15.40x | 14.06x | 10.26x |
Total Equity | 1.78B▲ 0% | 1.65B▼ 7.1% | 952.13M▼ 42.4% | 915.14M▼ 3.9% | 972.7M▲ 6.3% | 903.71M▼ 7.1% | 856.25M▼ 5.3% | 829.31M▼ 3.1% | 802.35M▼ 3.3% | 792.39M▲ 0% |
Equity Growth % | 2.2% | -7.05% | -42.38% | -3.89% | 6.29% | -7.09% | -5.25% | -3.15% | -3.25% | -7.95% |
Book Value per Share | 62.61 | 50.56 | 27.61 | 26.00 | 27.63 | 25.66 | 24.31 | 23.54 | 22.77 | 22.37 |
Total Shareholders' Equity | 998.75M | 934.08M | 520.09M | 519.97M | 536.55M | 534.5M | 522.51M | 518.7M | 501.11M | 498.66M |
Common Stock | 461.49M | 458.38M | 520.09M | 519.97M | 536.55M | 534.5M | 522.51M | 518.7M | 501.11M | 498.66M |
Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 279K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 778.93M | 718.27M | 432.05M | 395.17M | 436.15M | 369.21M | 333.74M | 310.61M | 301.24M | 293.72M |
WLKP Cash Flow Statement
Westlake Chemical Partners LP (WLKP) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 537.36M | 436.15M | 450.81M | 373.4M | 408.44M | 463.74M | 452M | 485M | 280.47M | 344.89M |
Operating CF Margin % | 45.81% | 33.93% | 41.29% | 38.63% | 33.62% | 29.11% | 37.96% | 42.7% | 24.04% | - |
Operating CF Growth % | 86.76% | -18.83% | 3.36% | -17.17% | 9.38% | 13.54% | -2.53% | 7.3% | -42.17% | 22.5% |
Net Income | 353.06M | 330.57M | 332.89M | 341.12M | 401.38M | 334.83M | 54.28M | 369.16M | 298.58M | 195.12M |
Depreciation & Amortization | 113.98M | 108.84M | 107.32M | 103.15M | 108.81M | 121.07M | 110.2M | 111.9M | 127.98M | 135.21M |
Stock-Based Compensation | 289K | 363K | 387K | 375K | 436K | 282K | 349K | 0 | 0 | 0 |
Deferred Taxes | 0 | 0 | -387K | -375K | -436K | -471.2M | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 456.06M | 502.66M | 56K | 731K | 3.92M | 470.92M | 284.9M | 2.16M | 2.74M | 2.63M |
Working Capital Changes | 70.31M | -3.26M | 10.54M | -71.61M | -105.68M | 7.83M | 2.26M | 1.78M | -148.83M | -130.88M |
Change in Receivables | 78.51M | 1.03M | 9.29M | -72.93M | -26.29M | -14.44M | 28.66M | 32.96M | -29.55M | -37.6M |
Change in Inventory | -1.66M | 1.2M | 1.13M | -990K | -5.42M | 4.18M | 283K | 374K | 1.29M | -360K |
Change in Payables | 1.44M | -4.48M | 421K | 4.25M | 19.78M | -17M | 1.57M | -2.69M | -2.35M | -39.59M |
Cash from Investing | -203.23M | -51.81M | -57.71M | 2.03M | -64.3M | -12M | -75.94M | -88.97M | 31.18M | -1.42M |
Capital Expenditures | -68.86M | -39.86M | -43.71M | -36.97M | -81.17M | -54.12M | -46.82M | -48.97M | -78.82M | -68.42M |
CapEx % of Revenue | 5.87% | 3.1% | 4% | 3.82% | 6.68% | 3.4% | 3.93% | 4.31% | 6.76% | 5.54% |
Acquisitions | 0 | 384M | 529.45M | 349M | 0 | 319.88M | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -134.37M | -384M | -529.45M | -349M | -130K | -319.88M | 0 | 0 | 0 | -13M |
Cash from Financing | -396.02M | -391.6M | -392.92M | -378.2M | -344.24M | -404.01M | -382.23M | -396.33M | -325.7M | -348.8M |
Debt Issued (Net) | -120.67M | 3.65M | -77.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Equity Issued (Net) | 110.7M | 0 | 62.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Dividends Paid | -42.12M | -53.36M | -62.08M | -66.36M | -66.38M | -66.41M | -66.42M | -66.44M | -66.45M | -66.46M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -343.93M | -341.89M | -315.56M | -311.83M | -277.86M | -337.6M | -315.81M | -329.9M | -259.25M | -282.35M |
Net Change in Cash | -61.89M▲ 0% | -7.26M▲ 88.3% | 179K▲ 102.5% | -2.77M▼ 1646.9% | -97K▲ 96.5% | 47.73M▲ 49301.0% | -6.16M▼ 112.9% | -303K▲ 95.1% | -14.05M▼ 4536.0% | -5.33M▲ 0% |
Free Cash Flow | 468.5M▲ 0% | 396.29M▼ 15.4% | 407.1M▲ 2.7% | 336.43M▼ 17.4% | 327.27M▼ 2.7% | 409.62M▲ 25.2% | 405.18M▼ 1.1% | 436.03M▲ 7.6% | 201.65M▼ 53.8% | 276.47M▲ 0% |
FCF Margin % | 39.94% | 30.82% | 37.28% | 34.8% | 26.94% | 25.71% | 34.03% | 38.39% | 17.28% | 22.39% |
FCF Growth % | 4033% | -15.41% | 2.73% | -17.36% | -2.72% | 25.16% | -1.08% | 7.61% | -53.75% | -25.49% |
FCF per Share | 16.50 | 12.13 | 11.80 | 9.56 | 9.30 | 11.63 | 11.50 | 12.38 | 5.72 | 7.80 |
FCF Conversion (FCF/Net Income) | 11.04x | 8.84x | 7.39x | 5.64x | 4.95x | 7.23x | 8.33x | 7.77x | 0.94x | 1.42x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.53M | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 831K | 0 | 0 |
WLKP Key Ratios
Westlake Chemical Partners LP (WLKP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 2.77% | 2.88% | 4.68% | 7.09% | 8.75% | 6.84% | 6.17% | 7.4% | 36.6% | 24.1% |
Return on Invested Capital (ROIC) | 12.56% | 12.1% | 15.26% | 20.14% | 23.22% | 20.11% | 22.03% | 24.73% | 20.59% | 23.07% |
Gross Margin | 34.41% | 29.34% | 34.75% | 39.19% | 36.36% | 23.69% | 32.54% | 36.88% | 29.81% | 31.39% |
Net Margin | 4.15% | 3.84% | 5.58% | 6.84% | 6.79% | 4.03% | 4.56% | 5.49% | 25.59% | 15.8% |
Debt / Equity | 0.27x | 0.29x | 0.42x | 0.44x | 0.41x | 0.44x | 0.47x | 0.48x | 0.50x | 0.50x |
Interest Coverage | 17.21x | 16.42x | 18.00x | 29.38x | 46.59x | 26.05x | 13.66x | 15.40x | 14.06x | 10.26x |
FCF Conversion | 11.04x | 8.84x | 7.39x | 5.64x | 4.95x | 7.23x | 8.33x | 7.77x | 0.94x | 1.42x |
Revenue Growth | 18.87% | 9.6% | -15.07% | -11.47% | 25.67% | 31.14% | -25.26% | -4.61% | 2.71% | 13.4% |
Related:WLKP Dividend History·WLKP Revenue History·WLKP Price History·WLKP P/E History·WLKP Financial Ratios·WLKP Institutional Holders
WLKP SEC Filings & Documents
Westlake Chemical Partners LP (WLKP) SEC filings — annual & quarterly reports (10-K, 10-Q)
WLKP Frequently Asked Questions
Westlake Chemical Partners LP (WLKP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Westlake Chemical Partners LP (WLKP) reported $1.23B in revenue for fiscal year 2025. This represents a 45% decrease from $2.25B in 2012.
Westlake Chemical Partners LP (WLKP) grew revenue by 2.7% over the past year. Growth has been modest.
Yes, Westlake Chemical Partners LP (WLKP) is profitable, generating $195.1M in net income for fiscal year 2025 (25.6% net margin).
Dividend & Returns
Yes, Westlake Chemical Partners LP (WLKP) pays a dividend with a yield of 8.35%. This makes it attractive for income-focused investors.
Westlake Chemical Partners LP (WLKP) has a return on equity (ROE) of 36.6%. This is excellent, indicating efficient use of shareholder capital.
Westlake Chemical Partners LP (WLKP) generated $276.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.