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- $764.3MMarket Cap
- 23.05%1-Year Change
- ChemicalsIndustry
WESTLAKE CHEMICAL (WLKP)
Key Performance
More- Earnings Score: N/A
- Momentum Score: 40
- True Yield: N/A
- Financial Health Score: N/A
Latest Research & News
Westlake Partners (WLKP) Q3 2026 Earnings Call Transcript
Westlake Chemical Partners LP reported Q3 2026 net income of $16.2 million ($0.46 per unit) and distributable cash flow of $18.0 million ($0.51 per unit), driven by higher production and sales volume. The company declared its 49th consecutive quarterly distribution of $0.4714 per unit with a trailing twelve-month coverage ratio of 1.09x. The partnership's fixed-margin ethylene sales agreement with parent company Westlake Corporation provides stability, covering 95% of production at $0.10 per pound, while 5% of sales face market volatility. Management identified four growth levers: increasing OpCo ownership, acquiring income streams, pursuing organic expansions, and negotiating higher fixed margins in future contract discussions.
11/04/2026, 3:56 PM • The Motley Fool
Westlake Chemical (WLKP) Q1 2026 Earnings Transcript
Westlake Chemical Partners reported Q1 2026 net income of $14 million ($0.40 per unit) with distributable cash flow of $18 million ($0.51 per unit). The partnership maintained its 47th consecutive quarterly distribution at $0.4714 per unit, up 71% since IPO. Management highlighted stable cash flows from fixed-margin ethylene sales agreements and benefited from increased third-party ethylene sales at higher prices due to Middle East supply disruptions. The company maintains a strong balance sheet with 1.0x leverage ratio and no planned turnarounds for 2026.
05/05/2026, 2:03 PM • The Motley Fool
Westlake Chemical Partners reported Q2 2025 earnings that missed analyst expectations, with flat net income, reduced revenue, and lower operating cash flows due to a major maintenance turnaround at its ethylene production facility.
08/05/2025, 8:28 PM • The Motley Fool
Peers
Statistics
MoreInformation as of 11/12/2026
Company Profile
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.
Key Executives
- L. Benjamin Ederington
- Jeffrey A. Holy
- Jean-Marc Gilson
- Albert Yuan Chao
- Tommy E. Darby
Current Ownership Distribution
- Institutions213.6M (61.42%)
- Mutual Funds132.2M (38.01%)
- Insiders2.0M (0.57%)
- Other0 (0.00%)