Westlake Chemical Partners LP

WLKP · NYSE · Basic Materials / Chemicals

21.20USD-0.48 (-2.21%)

Price History

Full chart

Market Stats

Previous Close21.68

Open21.11

Day Range20.78 – 21.35

52-Week Range16.57 – 23.05

Volume26.55K

Market Cap755.32M

P/E (TTM)13.07

Forward P/E11.43

EPS1.64

Dividend Yield8.75%

Beta0.51

50-Day Avg21.63

200-Day Avg21.79

About

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.

Company Details

SectorBasic Materials
IndustryChemicals
CEOMr. Jean-Marc Gilson
Employees0
Headquarters2801 Post Oak Boulevard, Houston, TX, United States, 77056, USA
Websitehttps://www.wlkpartners.com

Leadership

Mr. Jean-Marc GilsonPresident, CEO & Director of Westlake Chemical Partners GP LLC · b. 1963
Mr. Mark Steven Bender CPAExecutive VP, CFO & Director of Westlake Chemical Partners GP LLC · b. 1957
Mr. Albert Yuan ChaoExecutive Chairman of the Board Westlake Chemical Partners GP LLC · b. 1950
Mr. Tommy E. DarbyVice President & Chief Accounting Officer · b. 1981

Financials

Income Statement

Currency: USD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	2.25B	2.25B	2.13B	1.75B	1.01B	986.74M	1.17B	1.29B	1.09B	966.67M	1.21B	1.59B	1.19B	1.14B	1.17B
Growth (%)	-	-0.09%	-5.40%	-17.77%	-42.43%	-2.03%	+18.87%	+9.60%	-15.07%	-11.47%	+25.67%	+31.14%	-25.26%	-4.61%	+2.71%
Cost of Revenue	1.84B	1.61B	1.26B	1.00B	624.34M	595.40M	769.31M	908.46M	712.44M	587.79M	773.15M	1.22B	803.33M	716.96M	818.85M
Gross Profit	409.10M	635.65M	872.61M	745.81M	382.88M	391.33M	403.67M	377.16M	379.43M	378.88M	441.71M	377.37M	387.46M	418.94M	347.85M
Gross Margin	18.17%	28.26%	41.01%	42.63%	38.01%	39.66%	34.41%	29.34%	34.75%	39.19%	36.36%	23.69%	32.54%	36.88%	29.81%
Operating Expense	24.31M	24.10M	25.45M	29.26M	23.55M	24.89M	29.26M	27.59M	29.28M	25.89M	31.02M	29.68M	29.75M	28.50M	28.27M
Operating Income	384.79M	611.55M	847.16M	716.56M	359.33M	366.44M	374.41M	349.57M	350.15M	352.99M	410.69M	347.69M	357.71M	390.44M	319.58M
Operating Margin	17.09%	27.19%	39.81%	40.95%	35.68%	37.14%	31.92%	27.19%	32.07%	36.52%	33.81%	21.82%	30.04%	34.37%	27.39%
EBITDA	444.78M	679.99M	928.32M	797.32M	440.51M	464.92M	490.18M	460.87M	460.57M	456.88M	519.56M	470.33M	472.14M	507.59M	450.00M
EBITDA Margin	19.76%	30.23%	43.63%	45.57%	43.73%	47.12%	41.79%	35.85%	42.18%	47.26%	42.77%	29.52%	39.65%	44.69%	38.57%
Net Income	246.97M	395.92M	546.55M	13.58M	39.83M	40.94M	48.67M	49.35M	60.98M	66.17M	82.55M	64.17M	54.28M	62.39M	48.70M
Net Income Margin	10.97%	17.60%	25.69%	0.78%	3.95%	4.15%	4.15%	3.84%	5.59%	6.84%	6.79%	4.03%	4.56%	5.49%	4.17%
R&D	-	-	-	0	0	0	0	0	-	-	-	-	-	-	-
R&D as % of Total Revenue	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	-	-	-	-	-	-	-
Interest Expense	8.95M	8.94M	8.03M	10.50M	4.97M	12.61M	21.86M	21.43M	19.62M	12.04M	8.82M	13.41M	26.50M	25.70M	22.90M
Interest Expense % of Total Revenue	0.40%	0.40%	0.38%	0.60%	0.49%	1.28%	1.86%	1.67%	1.80%	1.25%	0.73%	0.84%	2.23%	2.26%	1.96%

Balance Sheet

Currency: USD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	-	834.84M	1.04B	1.10B	1.29B	1.56B	1.52B	1.46B	1.39B	1.36B	1.48B	1.37B	1.32B	1.29B	1.26B
Total Liabilities	-	561.03M	586.04M	261.49M	443.18M	634.26M	516.53M	528.04M	441.32M	441.35M	508.00M	468.27M	460.59M	458.64M	454.18M
Total Equity	-	-530.81M	-561.30M	834.95M	847.17M	920.96M	998.75M	934.08M	520.09M	519.97M	536.55M	534.50M	522.51M	518.70M	501.11M
Cash	-	-	-	133.75M	169.56M	88.90M	27.01M	19.74M	19.92M	17.15M	17.06M	64.78M	58.62M	58.32M	44.27M
Total Debt	-	253.00M	252.97M	227.64M	384.01M	594.63M	473.96M	477.61M	399.67M	399.67M	399.67M	399.67M	399.67M	399.67M	399.67M
Net Debt	-	253.00M	252.97M	93.89M	214.45M	505.73M	446.95M	457.86M	379.75M	382.52M	382.62M	334.89M	341.06M	341.36M	355.40M

Cash Flow

Currency: USD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	268.72M	496.82M	602.51M	604.01M	452.54M	287.73M	537.36M	436.15M	450.81M	373.40M	408.44M	463.74M	452.00M	485.00M	280.47M
Investing Cash Flow	-71.64M	-158.01M	-230.05M	-202.96M	-231.19M	-299.48M	-203.23M	-51.81M	-57.71M	2.03M	-64.30M	-12.00M	-75.94M	-88.97M	31.18M
Financing Cash Flow	-197.08M	-338.81M	-372.46M	-267.31M	-185.55M	-68.90M	-396.02M	-391.60M	-392.92M	-378.20M	-344.24M	-404.01M	-382.23M	-396.33M	-325.70M
Capital Expenditure	73.68M	158.44M	223.13M	202.82M	231.19M	299.64M	68.86M	39.86M	43.71M	36.97M	81.17M	54.12M	46.82M	48.97M	78.82M
Free Cash Flow	195.03M	338.38M	379.38M	401.19M	221.36M	-11.91M	468.50M	396.29M	407.10M	336.43M	327.27M	409.62M	405.18M	436.03M	201.65M
Dividends Paid	197.08M	338.81M	603.53M	452.71M	31.07M	34.94M	42.12M	53.36M	62.08M	66.36M	66.38M	66.41M	66.42M	66.44M	66.45M
FCF to OCF	72.58%	68.11%	62.97%	66.42%	48.91%	-4.14%	87.19%	90.86%	90.30%	90.10%	80.13%	88.33%	89.64%	89.90%	71.90%
Dividend Paid to FCF	101.05%	100.13%	159.08%	112.84%	14.04%	-293.29%	8.99%	13.47%	15.25%	19.73%	20.28%	16.21%	16.39%	15.24%	32.95%

Earnings

Report Date	Sep 3, 2014	Nov 7, 2014	Feb 24, 2015	May 4, 2015	Aug 4, 2015	Nov 4, 2015	Feb 23, 2016	May 3, 2016	Jul 28, 2016	Nov 8, 2016	Feb 21, 2017	May 2, 2017	Aug 3, 2017	Nov 7, 2017	Feb 20, 2018	May 3, 2018	Aug 2, 2018	Nov 6, 2018	Feb 19, 2019	May 2, 2019	Aug 6, 2019	Nov 5, 2019	Feb 18, 2020	May 4, 2020	Aug 6, 2020	Nov 3, 2020	Feb 23, 2021	May 4, 2021	Aug 3, 2021	Nov 2, 2021	Feb 22, 2022	May 3, 2022	Aug 2, 2022	Nov 3, 2022	Feb 21, 2023	May 4, 2023	Aug 3, 2023	Nov 2, 2023	Feb 20, 2024	May 1, 2024	Aug 6, 2024	Nov 5, 2024	Feb 18, 2025	May 2, 2025	Aug 5, 2025	Oct 30, 2025	Feb 24, 2026	May 5, 2026	Aug 4, 2026	Oct 29, 2026
EPS Estimate	-	0.34	0.34	0.32	0.39	0.40	0.41	0.40	0.26	0.40	0.42	0.43	0.42	0.44	0.46	0.45	0.46	0.40	0.44	0.41	0.46	0.48	0.48	0.51	0.47	0.46	0.51	0.52	0.56	0.52	0.42	0.57	0.48	0.47	0.48	0.46	0.39	0.44	0.45	0.45	0.45	0.42	0.37	0.42	0.47	0.45	0.40	0.40	0.41	0.30
EPS Actual	5.69	0.40	0.32	0.31	0.39	0.37	0.40	0.45	0.34	0.32	0.39	0.35	0.36	0.47	0.46	0.36	0.40	0.38	0.37	0.46	0.39	0.42	0.49	0.50	0.43	0.53	0.43	0.43	0.71	0.36	0.84	0.46	0.47	0.42	0.48	0.42	0.34	0.37	0.41	0.42	0.41	0.51	0.43	0.14	0.41	0.42	0.41	0.40	0.40	-
Surprise	-	17.65%	-5.88%	-3.13%	0.00%	-7.50%	-2.44%	12.50%	30.77%	-20.00%	-7.14%	-18.60%	-14.29%	6.82%	0.00%	-20.00%	-13.04%	-5.00%	-15.91%	12.20%	-15.22%	-12.50%	2.08%	-1.96%	-8.51%	15.22%	-15.69%	-17.31%	26.79%	-30.77%	100.00%	-19.30%	-2.08%	-10.64%	0.00%	-8.70%	-12.82%	-15.91%	-8.89%	-6.67%	-8.89%	21.43%	15.13%	-66.67%	-12.77%	-6.67%	2.50%	0.00%	-2.44%	-
Timing	-	After-hours	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap755.32M

Enterprise Value1.10B

Trailing P/E13.07

Forward P/E11.43

PEG Ratio0.23

Price / Sales0.61

Price / Book2.97

EPS1.64

Book Value14.08

Revenue (TTM)1.23B

Gross Profit (TTM)384.80M

EBITDA493.37M

Profit Margin4.67%

Operating Margin29.39%

Return on Equity41.80%

Return on Assets17.61%

Shares Outstanding35.25M

Shares Float19.43M

Beta0.51

Dividend Yield8.75%

Dividend Rate1.89

Payout Ratio115.58%

Analyst Ratings

Buy

Based on 2 analystsTarget 26.00

Strong Buy
1
Hold
1

Ownership Breakdown

Institutions: 29.09%
Insiders: 44.85%
Retail / Other: 26.06%

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Dividends

20264×

0.47Nov 13, 20260.47Aug 13, 20260.47May 14, 20260.47Feb 6, 2026

20254×

0.47Nov 10, 20250.47Aug 12, 20250.47May 13, 20250.47Feb 7, 2025

20244×

0.47Nov 12, 20240.47Aug 12, 20240.47May 10, 20240.47Feb 1, 2024

20234×

0.47Nov 9, 20230.47Aug 10, 20230.47May 11, 20230.47Feb 1, 2023

20224×

0.47Nov 9, 20220.47Aug 10, 20220.47May 11, 20220.47Feb 2, 2022

20214×

0.47Nov 10, 20210.47Aug 11, 20210.47May 12, 20210.47Feb 3, 2021