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WLKP Stock Chart & Stats
$22.03
-$0.13(-0.59%)
At close: 4:00 PM EDT
$22.03
-$0.13(-0.59%)
Day’s Range― - ―
52-Week Range$17.75 - $23.88
Previous Close$21.9
Volume14.99K
Average Volume (3M)25.84K
Market Cap
$760.25M
Enterprise Value$1.41K
Total Cash (Recent Filing)$49.32M
Total Debt (Recent Filing)$399.67M
Price to Earnings (P/E)13.5
Beta0.16
Next Earnings
Oct 29, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield8.55%
Share Statistics
EPS (TTM)1.63
Shares Outstanding35,245,880
10 Day Avg. Volume32,035
30 Day Avg. Volume25,839
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)1.34
Price to Sales (P/S)0.57
P/FCF Ratio3.32
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.88
Revenue Forecast (FY)$1.37B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationSustained TTM OCF (~$466M) and FCF (~$422M) provide durable internal funding for distributions, maintenance capex, and debt service. High cash conversion supports the MLP payout model, enables deleveraging or opportunistic growth, and cushions the partnership through cyclical industry troughs.
Fixed-margin Ethylene ContractA $0.10/lb fixed margin on ~95% of production structurally insulates most operating margins from volatile ethylene prices. This long-term contract reduces commodity exposure, stabilizes distributable cash flow and underpins predictable earnings and payout reliability over multiple quarters.
Improved Liquidity And FinancingExtended credit facilities to 2031 and a modest interest-rate cut materially reduce near-term refinancing risk and funding cost. Combined with $93M cash and moderate ~1x leverage, this durable financing profile supports distributions, provides runway for strategic moves, and lowers liquidity-driven operational risk.
Bears Say
Thin Distribution CoverageA quarterly coverage ratio at 1.0x and TTM at 1.04x leave minimal buffer between DCF and payout. Structurally thin coverage limits the partnership's ability to absorb lower volumes, pricing shocks, or capex increases without cutting distributions or relying on sponsor/market funding, elevating payout risk.
Sponsor/counterparty ConcentrationHeavy reliance on Westlake for supply contracts, long-term funding and customer volume concentrates strategic and credit risk. If sponsor priorities change or contract terms are renegotiated, the partnership could face reduced throughput, less favorable economics, or constrained liquidity, limiting long-term autonomy.
Revenue And Margin VolatilityChoppy top-line trends and large swings in net margin indicate earnings volatility beyond operating margins. Such variability reduces predictability of distributable cash flow and weakens compounding of returns, making long-term coverage and growth planning more uncertain for an MLP reliant on steady payouts.
Westlake Chemical PRN News
WLKP FAQ
What was Westlake Chemical PRN’s price range in the past 12 months?
Westlake Chemical PRN lowest stock price was $17.75 and its highest was $23.88 in the past 12 months.
What is Westlake Chemical PRN’s market cap?
Westlake Chemical PRN’s market cap is $760.25M.
When is Westlake Chemical PRN’s upcoming earnings report date?
Westlake Chemical PRN’s upcoming earnings report date is Oct 29, 2026 which is in 77 days.
How were Westlake Chemical PRN’s earnings last quarter?
Westlake Chemical PRN released its earnings results on Aug 04, 2026. The company reported $0.4 earnings per share for the quarter, missing the consensus estimate of $0.41 by -$0.01.
Is Westlake Chemical PRN overvalued?
According to Wall Street analysts Westlake Chemical PRN’s price is currently Overvalued.
Does Westlake Chemical PRN pay dividends?
Westlake Chemical PRN pays a Quarterly dividend of $0.471 which represents an annual dividend yield of 8.55%. See more information on Westlake Chemical PRN dividends here
What is Westlake Chemical PRN’s EPS estimate?
Westlake Chemical PRN’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Westlake Chemical PRN have?
Westlake Chemical PRN has 35,245,880 shares outstanding.
What happened to Westlake Chemical PRN’s price movement after its last earnings report?
Westlake Chemical PRN reported an EPS of $0.4 in its last earnings report, missing expectations of $0.41. Following the earnings report the stock price went up 0.141%.
Which hedge fund is a major shareholder of Westlake Chemical PRN?
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 100%
Sector Average 65%
Sector Average 65%
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
8.23%
12-Months-Change
Fundamentals
Return on Equity
8.55%
Trailing 12-Months
Asset Growth
-6.87%
Trailing 12-Months
Company Description
Westlake Chemical PRN
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. Westlake Chemical Partners GP LLC serves as the entity's general partner. The company was founded in 2014 and its corporate headquarters are located in Houston, Texas.
WLKP Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a largely positive picture of financial and operational stability: steady net income, a meaningful increase in distributable cash flow (+$3M, ~+20% YoY), conservative leverage (~1x), healthy cash balances, extended and improved financing arrangements, and a fixed-margin ethylene agreement that insulates most margins. Key risks noted were thin distribution coverage (quarterly coverage 1.0x; trailing 12-month 1.04x), flat earnings growth, exposure to market volatility from geopolitical events, and reliance on parent support. Overall, the positive items—stability of cash flows, DCF improvement, distribution track record, and stronger financing terms—outweigh the limited operational and market risks.View all WLKP earnings summariesTechnical Analysis
Ownership Overview
0.23% Insiders
15.64% Mutual Funds
5.74% Other Institutional Investors
72.66% Public Companies and
Individual Investors