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 - $23.88
Previous CloseN/A
Volume13.62K
Average Volume (3M)28.50K
Market Cap
$800.43M
Enterprise Value$1.14B
Total Cash (Recent Filing)$44.29M
Total Debt (Recent Filing)$399.67M
Price to Earnings (P/E)2.4
Beta0.16
Next Earnings
Aug 04, 2026EPS Estimate
0.41Next Dividend Ex-DateN/A
Dividend Yield9.9%
Share Statistics
EPS (TTM)3.62
Shares Outstanding35,245,880
10 Day Avg. Volume40,125
30 Day Avg. Volume28,500
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 Cap1.43
Enterprise Value/Revenue0.93
Enterprise Value/Gross Profit2.95
Enterprise Value/Ebitda2.45
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
Free Cash Flow GenerationSustained operating and free cash flow (high Cash Flow score) provides durable internal funding for distributions, maintenance capex, and opportunistic growth. Strong cash conversion reduces refinancing needs and supports capital allocation even through commodity cycles.
Predictable, Contract-based RevenuesA long-term, fee/fixed‑margin sales arrangement with the sponsor materially reduces exposure to spot ethylene swings. That structural contract profile yields steady cash flows and planning visibility, making distributions and capital planning less reliant on cyclical commodity prices.
Conservative Leverage & Distribution Track RecordA long record of distributions and modest consolidated leverage (long‑term debt ~$400M, leverage ~1x) combined with a restored trailing‑12mo coverage ratio underpin financial resilience. This conservative balance sheet supports continuity of payouts and optionality for growth.
Bears Say
Counterparty ConcentrationHeavy reliance on a single affiliate counterparty concentrates commercial and credit risk and ties economics to related‑party terms. Structural dependence limits bargaining leverage and exposes cash flow to any deterioration in the sponsor relationship or contract renegotiation outcomes.
Earnings Cyclicality & Turnaround SensitivityMaterial sensitivity to plant turnarounds and cyclical demand causes multi‑year swings in revenue and margins. Such operational and market cyclicality can strain coverage and planning, making long‑term distributable cash flow less predictable during commodity downturns.
Limited Distribution Coverage CushionA coverage ratio hovering around 1.0x leaves little surplus to absorb sustained volume, margin, or capex shocks. Structurally modest cushion increases the risk that adverse cycles or higher-than-expected capital needs could pressure distributions or require external financing.
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 $23.88 in the past 12 months.
What is Westlake Chemical Partners LP’s market cap?
Westlake Chemical Partners LP’s market cap is $800.43M.
When is Westlake Chemical Partners LP’s upcoming earnings report date?
Westlake Chemical Partners LP’s upcoming earnings report date is Aug 04, 2026 which is in 75 days.
How were Westlake Chemical Partners LP’s earnings last quarter?
Westlake Chemical Partners LP released its earnings results on May 05, 2026. The company reported $0.4 earnings per share for the quarter, missing the consensus estimate of $0.43 by -$0.03.
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 0.41.
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 $0.4 in its last earnings report, missing expectations of $0.43. Following the earnings report the stock price went down -0.441%.
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 ―
Sector Average ―
Crowd Wisdom
Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 3.1%
Last 30 Days ▲ 3.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
8.07%
12-Months-Change
Fundamentals
Return on Equity
38.87%
Trailing 12-Months
Asset Growth
-9.89%
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a cautiously positive tone: year‑over‑year improvements in net income and distributable cash flow, a restored coverage ratio to 1.0x, continued consecutive distributions with cumulative stability, and a strong balance sheet and leverage metrics. Offsetting factors include only modest sequential earnings changes driven by lower volumes, limited upside due to a predominantly fixed‑margin contract (95% of volumes), some year‑over‑year softness in third‑party sales on a revenue basis, and geopolitical risks that create both opportunity and volatility. Management highlighted opportunistic third‑party sales and no planned 2026 turnarounds, supporting a constructive near‑term outlook.View all WLKP earnings summariesTechnical Analysis
Ownership Overview
0.21% Insiders
15.64% Mutual Funds
7.95% Other Institutional Investors
70.44% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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