Westlake Chemical Partners LP (WLKP)
NYSE:WLKP
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WLKP Stock Chart & Stats
$19.06
-$0.04(-0.17%)
At close: 4:00 PM EST
$19.06
-$0.04(-0.17%)
Day’s Range― - ―
52-Week Range$17.75 - $23.80
Previous CloseN/A
Volume13.62K
Average Volume (3M)28.21K
Market Cap
$794.09M
Enterprise Value$1.16B
Total Cash (Recent Filing)$44.27M
Total Debt (Recent Filing)$399.67M
Price to Earnings (P/E)2.2
Beta0.16
Next Earnings
May 05, 2026EPS Estimate
0.43Next Dividend Ex-DateN/A
Dividend Yield9.9%
Share Statistics
EPS (TTM)0.41
Shares Outstanding35,245,880
10 Day Avg. Volume24,392
30 Day Avg. Volume28,213
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.34
Price to Sales (P/S)0.57
P/FCF Ratio3.32
Enterprise Value/Market Cap1.46
Enterprise Value/Revenue0.99
Enterprise Value/Gross Profit3.33
Enterprise Value/Ebitda2.95
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.85
Revenue Forecast (FY)$1.30B
Bulls Say, Bears Say
Bulls Say
Fee‑based Contract StabilityA fixed‑margin sales contract covering ~95% of production, renewed through 2027, materially reduces commodity exposure and provides predictable cash flows. This structural stability supports planning, distribution sustainability and financing decisions across multi‑year cycles.
Consistent Cash GenerationOperating cash flow consistently outpaces net income and free cash flow is positive across reporting periods, with strong TTM growth. Durable cash conversion improves the partnership’s ability to fund capex, rebuild reserves after turnarounds and service distributions without relying solely on external capital.
Long Distribution Track RecordA 46‑quarter unbroken distribution streak and material growth since IPO demonstrate management commitment and an established payout policy. This track record signals institutional discipline and investor predictability, supporting unitholder expectations over multiple market cycles.
Bears Say
Weak Distribution Coverage (2025)A 0.8x coverage ratio in 2025 means distributions exceeded distributable cash flow, depleting reserves and reducing financial buffer. If repeated, weak coverage forces reliance on liquidity, potential equity issuance or distribution cuts, undermining long‑term payout credibility and financial flexibility.
Sponsor Concentration Limits UpsideHeavy reliance on a single sponsor and fee‑based sales agreement constrains exposure to commodity upside and concentrates counterparty risk. Growth prospects depend on sponsor drop‑downs or external capital, limiting independent strategic optionality and long‑term earnings leverage.
Balance‑sheet Data Inconsistency & Moderate LeverageAn internal reporting inconsistency (TTM debt shown as zero despite elevated leverage) undermines confidence in balance‑sheet transparency. With leverage that is manageable but not conservative for a cyclical chemicals operator, reliable data are essential for assessing refinancing, covenant and stress resilience.
Westlake Chemical PRN News
WLKP FAQ
What was Westlake Chemical Partners LP’s price range in the past 12 months?
Westlake Chemical Partners LP lowest stock price was $17.75 and its highest was $23.80 in the past 12 months.
What is Westlake Chemical Partners LP’s market cap?
Westlake Chemical Partners LP’s market cap is $794.09M.
When is Westlake Chemical Partners LP’s upcoming earnings report date?
Westlake Chemical Partners LP’s upcoming earnings report date is May 05, 2026 which is in 6 days.
How were Westlake Chemical Partners LP’s earnings last quarter?
Westlake Chemical Partners LP released its earnings results on Feb 24, 2026. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by -$0.01.
Is Westlake Chemical Partners LP overvalued?
According to Wall Street analysts Westlake Chemical Partners LP’s price is currently Overvalued.
Does Westlake Chemical Partners LP pay dividends?
Westlake Chemical Partners LP pays a Quarterly dividend of $0.471 which represents an annual dividend yield of 9.9%. See more information on Westlake Chemical Partners LP dividends here
What is Westlake Chemical Partners LP’s EPS estimate?
Westlake Chemical Partners LP’s EPS estimate is 0.43.
How many shares outstanding does Westlake Chemical Partners LP have?
Westlake Chemical Partners LP has 35,245,880 shares outstanding.
What happened to Westlake Chemical Partners LP’s price movement after its last earnings report?
Westlake Chemical Partners LP reported an EPS of $0.41 in its last earnings report, missing expectations of $0.42. Following the earnings report the stock price went up 3.955%.
Which hedge fund is a major shareholder of Westlake Chemical Partners LP?
Currently, no hedge funds are holding shares in WLKP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Westlake Chemical PRN Stock Smart Score
Neutral
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Blogger Sentiment
Bullish
WLKP Sentiment 70%
Sector Average 75%
Sector Average 75%
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.3%
Last 30 Days ▲ 5.4%
Last 30 Days ▲ 5.4%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.19%
12-Months-Change
Fundamentals
Return on Equity
23.49%
Trailing 12-Months
Asset Growth
-2.44%
Trailing 12-Months
Company Description
Westlake Chemical Partners LP
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.
WLKP Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call conveyed a balanced picture: operational stability and contract-backed predictable cash flows enabled Westlake Partners to maintain distributions and solid leverage metrics, and Q4 distributable cash flow improved versus prior-year quarter. However, a planned turnaround in 2025 materially reduced full-year net income and MLP distributable cash flow (both down ~21%), leaving a full-year coverage ratio of 0.8x and causing drawdowns of turnaround-related investment balances. Management highlighted no planned turnarounds in 2026 and a renewed sales agreement through 2027, expecting a recovery in cash flow and coverage, but near-term metrics show meaningful year-over-year declines.View all WLKP earnings summariesTechnical Analysis
Ownership Overview
0.21% Insiders
15.64% Mutual Funds
0.99% Other Institutional Investors
77.41% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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