Westlake Chemical Partners LP (WLKP)

NYSE: WLKP · Real-Time Price · USD
23.72
+0.44 (1.89%)
May 11, 2026, 4:00 PM EDT - Market closed
Market Cap836.03M +0.4%
Revenue (ttm)1.23B +13.4%
Net Income57.92M +10.3%
EPS1.64 +10.2%
Shares Out 35.25M
PE Ratio14.44
Forward PE14.06
Dividend$1.89 (8.10%)
Ex-Dividend DateMay 14, 2026
Volume52,613
Open23.46
Previous Close23.28
Day's Range23.21 - 23.88
52-Week Range17.75 - 23.88
Beta0.51
Analystsn/a
Price Targetn/a
Earnings DateMay 5, 2026

About WLKP

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. It’s ethylene production facilities which primarily convert ethane into ethylene. The company 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. It serves as the general partner of the company. Westlake Chemical Partners LP was founded in 1991 and is headquartered in Houston, Texas.

Industry Chemicals
Sector Materials
IPO Date Jul 30, 2014
Country United States
Stock Exchange NYSE
Ticker Symbol WLKP
Full Company Profile

Financial Performance

In 2025, WLKP's revenue was $1.17 billion, an increase of 2.71% compared to the previous year's $1.14 billion. Earnings were $48.70 million, a decrease of -21.95%.

Financial Statements

News

Westlake Chemical Partners LP Earnings Call Transcript: Q1 2026

First quarter 2026 net income rose to $14 million, with distributable cash flow up $13 million year-over-year. Stable operations, strong coverage ratios, and higher third-party ethylene margins were supported by global supply disruptions.

6 days ago - Transcripts

Westlake Chemical Partners LP Announces First Quarter 2026 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 2026 of $14.2 million, or $0....

6 days ago - Business Wire

Westlake Chemical Partners LP Announces First Quarter 2026 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...

7 days ago - Business Wire

Westlake Chemical Partners Announce First Quarter 2026 Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its first quarter 2026 earnings prior to the market opening on Tuesday, May 5, 2026. The company will host a conference c...

20 days ago - Business Wire

Westlake Chemical Partners Appoints Jonathan H. Baksht as Senior Vice President and Chief Financial Officer

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") announced today that Mr. Jonathan H. Baksht will be joining the Partnership as Senior Vice President and Chief ...

21 days ago - Business Wire

Westlake Chemical Partners files $500M mixed securities shelf

17:10 EST Westlake Chemical Partners (WLKP) files $500M mixed securities shelf

2 months ago - TheFly

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, 2025 with the Sec...

2 months ago - Business Wire

Westlake Chemical Partners LP Earnings Call Transcript: Q4 2025

Full year 2025 saw stable earnings and cash flows, despite a planned turnaround that reduced net income and coverage ratios. No turnarounds are planned for 2026, with distributable cash flow and coverage expected to recover above historical levels.

2 months ago - Transcripts

Westlake Chemical Partners LP Announces Fourth Quarter and Full Year 2025 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the fourth quarter of 2025 of $14.5 million, or $0...

2 months ago - Business Wire

Westlake Chemical Partners Announce Fourth Quarter and Full Year Earnings for 2025 Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its fourth quarter and full year 2025 earnings prior to the market opening on Tuesday, February 24, 2026. The company wil...

3 months ago - Business Wire

Westlake Chemical Partners LP Announces Fourth Quarter 2025 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...

3 months ago - Business Wire

Westlake Chemical Partners LP Earnings Call Transcript: Q3 2025

Net income for Q3 2025 was $15 million, with lower year-over-year distributable cash flow due to higher maintenance spending. The ethylene sales agreement was renewed through 2027, supporting stable distributions despite ongoing global industry softness.

6 months ago - Transcripts

Westlake Chemical Partners LP Announces Third Quarter 2025 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 2025 of $14.7 million, or $0....

6 months ago - Business Wire

Westlake Chemical Partners announces renewal of Ethylene Sales Agreement

Westlake Chemical Partners (WLKP) announced that Westlake Chemical OpCo LP and Westlake Corporation (WLK) agreed to renew the Ethylene Sales Agreement between the parties through December 31, 2027 in ...

Other symbols: WLK
6 months ago - TheFly

Westlake Chemical Partners Announces Renewal of Ethylene Sales Agreement

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the “Partnership”) announced that Westlake Chemical OpCo LP (“OpCo”) and Westlake Corporation (“Westlake”) agreed to renew the Eth...

6 months ago - Business Wire

Westlake Chemical Partners LP Announces Third Quarter 2025 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...

6 months ago - Business Wire

Westlake Chemical Partners Announce Third Quarter 2025 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its third quarter 2025 earnings prior to the market opening on Thursday, October 30, 2025. The company will host a confer...

7 months ago - Business Wire

Westlake Chemical Partners LP Earnings Call Transcript: Q2 2025

Second quarter 2025 net income was $15 million, with stable cash flows supported by a fixed margin ethylene sales agreement. The successful Petro-1 turnaround and strong leverage metrics position the partnership for continued reliable distributions despite a soft global market.

9 months ago - Transcripts

Westlake Chemical Partners LP Announces Second Quarter 2025 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 2025 of $14.6 million, or $0...

9 months ago - Business Wire

Westlake Chemical Partners LP Announces Second Quarter 2025 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...

10 months ago - Business Wire

Westlake Chemical Partners Announce Second Quarter 2025 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its second quarter 2025 earnings prior to the market opening on Tuesday, August 5, 2025. The company will host a conferen...

10 months ago - Business Wire

Westlake Chemical Partners LP Earnings Call Transcript: Q1 2025

Q1 2025 net income fell to $5M due to a planned turnaround at Petro One, reducing production and sales. Despite this, stable fee-based cash flows supported the 43rd consecutive quarterly distribution, and no further turnarounds are planned through 2026.

1 year ago - Transcripts

Westlake Chemical Partners LP Announces First Quarter 2025 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 2025 of $4.9 million, or $0.1...

1 year ago - Business Wire

Westlake Chemical Partners LP Announces First Quarter 2025 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...

1 year ago - Business Wire

Westlake Chemical Partners Announce First Quarter 2025 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its first quarter 2025 earnings prior to the market opening on Friday, May 2, 2025. The company will host a conference ca...

1 year ago - Business Wire