Westlake Chemical Partners LP
WLKP · Price history
Price at last available close
$21.15
−$0.40 (-1.86%) 1M
2026-10-27
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Company & revenue
About Westlake Chemical Partners LP
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Westlake Chemical Partners LP concentrates on acquiring, developing, and operating facilities dedicated to ethylene production, along with related infrastructure, throughout the United States. These plants primarily function by converting ethane into ethylene. Furthermore, the partnership distributes a range of chemical co-products—such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen—directly to external buyers, conducting these sales through either immediate spot transactions or established contractual agreements.
How they make money
Westlake Chemical Partners LP is a master limited partnership that generates revenue primarily through its 22.8% interest in Westlake Chemical OpCo LP. OpCo operates ethylene production facilities and a pipeline, selling ethylene to Westlake Corporation under long-term supply agreements that provide stable cash flows based on production capacity rather than market price fluctuations.
Products & services
The company's primary product is ethylene, a basic chemical building block used in the production of various plastics and petrochemicals, supported by ethylene production facilities and a pipeline network.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Petrochemical manufacturersSource
Disclosed major customers
- Westlake CorporationSource
Customer concentration
The Partnership is highly dependent on Westlake Corporation, which is the sole customer for the ethylene produced by OpCo and the primary source of the Partnership's cash distributions as of the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Business relationships & partnerships
- Westlake Corporation — The Partnership and Westlake Corporation are the two partners in Westlake Chemical OpCo LP, which owns and operates the ethylene production assets.Source
Strengths
- Stable cash flows from long-term ethylene supply agreements with Westlake CorporationSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
43
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
56
Fair
Financial Strength
77
Business Quality / Moat
3
Management
89
Growth Quality
35
Risk / Durability
97
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
28
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
36/100
Building Historical Record
Model Score 36/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for WLKP
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can WLKP maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is WLKP's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is WLKP's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify WLKP's current valuation?
Essential Investment Snapshot
Wall Street Score
43
Opportunity Score
28
Market Cap
$745.5M
P/E Ratio
12.9
EPS
$1.63
52-Week High
$23.88
52-Week Low
$17.75
Beta
0.49
Intrinsic Value
$13.85
Analyst Target
$26.00
Shares Outstanding
35.2M
Total Revenue
$1.23B
Total Debt
$399.7M
Reported Dividend Yield
8.94%
Liquidation Value / Share
$21.84
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for WLKP
Detected from reported data — verify before acting.Dividend history reported
The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.
Community Sentiment
0 active · 0 total callsNo personal call yet on WLKP.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Stable cash flows from long-term ethylene supply agreements with Westlake Corporation.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Chemicals industry.
- −High dependence on Westlake Corporation for revenue and operational support.
- −Operational risks associated with ethylene production facilities.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
43
Oct 23, 2026
Change
Unchanged
Current Score
43
Oct 26, 2026
Category Changes
WLKP score was unchanged.
Projected Score
Projected Score
41
Projected Change
-1.3 points
Preliminary comparable-period financial changes suggest decline of approximately 1.3 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$21.15
Model Intrinsic Value
$13.85
Difference
+$7.29
+52.7% vs IV
Margin of Safety
-52.7%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.17B | $1.14B | $1.19B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $849.9M | $818.8M | $717.0M | $803.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $384.8M | $347.8M | $418.9M | $387.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $29.2M | $28.3M | $28.5M | $29.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $29.2M | $28.3M | $28.5M | $29.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $493.4M | $450.0M | $507.6M | $472.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $355.6M | $319.6M | $390.4M | $357.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $34.4M | $22.9M | $25.7M | $26.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $335.1M | $299.1M | $370.0M | $335.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $590K | $547K | $835K | $813K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $57.6M | $48.7M | $62.4M | $54.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.63 | $1.38 | $1.77 | $1.54 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 35.59M | 35.23M | 35.23M | 35.22M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 35.59M | 35.23M | 35.23M | 35.22M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$297.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.40
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
No material change
Cash Change
+34.8%
Margin Change
-0.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included cash levels. Pressure indicators included revenue growth, EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue was essentially unchanged. EPS declined 2.4%. Cash increased 34.8%. Total debt was essentially unchanged. Net income margin declined by 0.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · WLKP
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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