Westlake Chemical Partners LP (WLKP)

NYSE: WLKP · IEX Real-Time Price · USD
22.64
+1.14 (5.30%)
Oct 3, 2022 4:00 PM EDT - Market closed
5.30%
Market Cap 797.25M
Revenue (ttm) 1.44B
Net Income (ttm) 74.93M
Shares Out 35.21M
EPS (ttm) 2.13
PE Ratio 10.63
Forward PE 12.00
Dividend $1.88 (8.33%)
Ex-Dividend Date Aug 10, 2022
Volume 29,837
Open 21.76
Previous Close 21.50
Day's Range 21.53 - 22.78
52-Week Range 19.71 - 29.40
Beta 0.97
Analysts Buy
Price Target 42.26 (+86.7%)
Earnings Date Oct 31, 2022

About WLKP

Westlake 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. [Read more...]

Industry Chemicals
IPO Date Jul 30, 2014
CEO Albert Chao
Employees 2,021
Stock Exchange NYSE
Ticker Symbol WLKP
Full Company Profile

Financial Performance

In 2021, WLKP's revenue was $1.21 billion, an increase of 25.67% compared to the previous year's $966.67 million. Earnings were $82.55 million, an increase of 24.76%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for WLKP stock is "Buy." The 12-month stock price forecast is 42.26, which is an increase of 86.66% from the latest price.

Price Target
$42.26
(86.66% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Westlake Chemical Partners Provides Tax Reporting Information

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) today provided the following information regarding 2021 investor tax reporting: As previously noted in the 2021 Investor Tax Reporting P...

2 weeks ago - Business Wire

Westlake Chemical Partners LP Announces Second Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the second quarter of 2022 of $16.4 million, or $0.4...

2 months ago - Business Wire

Westlake Chemical Partners LP Announces Second Quarter 2022 Distribution

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution o...

2 months ago - Business Wire

Westlake Chemical Partners Announce Second Quarter 2022 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its second quarter 2022 earnings prior to the market opening on Tuesday, August 2, 2022. The company will host a conference...

2 months ago - Business Wire

7 High-Yield Dividend Stocks to Buy in July 2022

Seven high-yield dividend stocks to buy in July 2022, as earnings a lot of passive income is a sound investment strategy. The post 7 High-Yield Dividend Stocks to Buy in July 2022 appeared first on Inve...

Other symbols: BBDCETOCSLOHIOKEPFLT
3 months ago - InvestorPlace

Westlake Chemical Partners LP Announces First Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the first quarter of 2022 of $16.2 million, or $0.46...

5 months ago - Business Wire

Westlake Chemical Partners LP Announces First Quarter 2022 Distribution

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution o...

5 months ago - Business Wire

Westlake Chemical Partners Announce First Quarter 2022 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its first quarter 2022 earnings prior to the market opening on Tuesday, May 3, 2022. The company will host a conference cal...

5 months ago - Business Wire

Westlake Chemical Partners LP Filed Annual Report

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") announced that it filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 with the Secur...

7 months ago - Business Wire

Westlake Chemical Partners 2021 K-1 Tax Packages Now Available

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners L.P. (NYSE:WLKP) today announced that its 2021 tax packages, including schedule K-1s, are now available online. They may be accessed online through t...

7 months ago - Business Wire

Westlake Chemical Partners LP Announces Record Fourth Quarter and Full Year 2021 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported record net income attributable to the Partnership in the fourth quarter of 2021 of $29.5 million, ...

7 months ago - Business Wire

Westlake Chemical Partners Announces Fourth Quarter and Full Year Earnings for 2021 Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its fourth quarter and full year earnings for 2021 prior to the market opening on Tuesday, February 22, 2022. The company w...

8 months ago - Business Wire

Westlake Chemical Partners LP Announces Fourth Quarter 2021 Distribution

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution o...

8 months ago - Business Wire

Westlake Chemical Partners LP Announces Third Quarter 2021 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2021 of $12.8 million, or $0.36...

11 months ago - Business Wire

Westlake Chemical Partners LP Announces Third Quarter 2021 Distribution

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution b...

11 months ago - Business Wire

Westlake Chemical Partners Announce Third Quarter Earnings for 2021 Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its third quarter earnings for 2021 prior to the market opening on Tuesday, November 2, 2021. The company will host a confe...

11 months ago - Business Wire

Westlake Chemical Partners Lp Ranked Among Today's Top Buys Amid Growing Delta Variant Concerns

Markets are starting the post-Labor Day week on the wrong foot, as the Dow and the S&P fell into the red. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

Other symbols: WLKFNFLOWLPXTSN
1 year ago - Forbes

Westlake Chemical Partners Lp Among Today's Top Buys As August Trading Comes To A Close

Stocks were little changed today, with the Dow down 21 points, or less than 0.1%, while both the S&P and Nasdaq were flat. Find opportunities in today's market with the Top Buys from Q.ai's deep learnin...

Other symbols: WLKGOLFLOWMTDWWW
1 year ago - Forbes

Gates Industrial Corp Plc Ranked Among Today's Top Buys As Stocks Are Riding High After Fed Chair Jay Powell's Talk O...

The Dow fluctuated between gains and losses, the S&P 500 gained 0.2% to set a new intraday record high, and the Nasdaq rose 0.4%. Make the most of this market with today's Top Buys from Q.ai's artificia...

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1 year ago - Forbes

Altra Industrial Motion Corp Ranked Among Today's Top Buys Amid Concerns Of The Fed Ending The Economic Stimulus

The Dow Jones ticked down 14 points this Friday morning, the S&P 500 was flat, and the Nasdaq rose about 0.2%. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

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1 year ago - Forbes

Frontdoor Inc Ranked A Top Buy Today As Investors Await The Latest Federal Reserve Meeting Minutes

The Dow Jones fell 120 points or 0.3%, the S&P 500 dipped about 0.2%, and the Nasdaq stayed nearly flat. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

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1 year ago - Forbes

Builders Firstsource Ranked Among Today's Top Buys

The Dow added 60 points or 0.2%, the S&P 500 gained about 0.1%, and the Nasdaq traded around the flatline. Make the most of this market with today's Top Buys.

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1 year ago - Forbes

Autonation Inc Ranked Among Today's Top Buys

The Dow Jones gained about 150 points or 0.45%, the S&P 500 rose 0.2% and also hit an intraday record, and the Nasdaq gained 0.1%. Make the most of this market with today's Top Buys from Q.ai's artifici...

Other symbols: ANFCFSJELDTKR
1 year ago - Forbes

Westlake Chemical Partners LP Announces Second Quarter 2021 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported record net income attributable to the Partnership in the second quarter of 2021 of $25.1 million, ...

1 year ago - Business Wire

Westlake Chemical Partners LP Announces Second Quarter 2021 Distribution

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution b...

1 year ago - Business Wire