Westlake Chemical Partners LP (WLKP) Stock

About Westlake Chemical Partners LP

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.

Westlake Chemical Partners LP is headquartered in US.

Westlake Chemical Partners LP (WLKP) stock trades at $21.51 with a market capitalization of $758.14M. The stock is valued at a price-to-earnings (P/E) ratio of 13.20, price-to-book of 3.02, price-to-sales of 0.61. Over the past 52 weeks the stock has ranged between $17.75 and $23.88, and currently trades 9.9% below its 52-week high. It pays a dividend yielding 8.79%.

On profitability, Westlake Chemical Partners LP generates a return on equity (ROE) of 13.12%, return on capital employed of 30.35%, an operating margin of 28.80%, a net profit margin of 4.66%.

Official website: www.wlkpartners.com

Westlake Chemical Partners LP by the numbers, 2016–2025

Between 2016 and 2025 Westlake Chemical Partners LP reported revenue of $987.0M rising to $1.2B, a change of +18.2% across 10 years. Compounded, revenue has grown 3.8% a year over five years, -9.8% over three, 2.7% over the last twelve months. Net profit rose to $49.0M.

Operating margin went from 37.1% in 2016 to 27.4% in 2025, a fall of 9.8 percentage points. The most recent net margin is 4.66%. On a trailing twelve-month basis to Jun '26, revenue is $1.2B and net profit $58.0M.

Borrowings fell from $595.0M to $400.0M, cash on hand is $49.3M, cash from operations was $280.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 11.9% over five years, and was 9.8% in the most recent year.

The share price itself has compounded at 5.5% a year over five years, 9.1% over three, 12.1% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Westlake Chemical Partners LP (WLKP) — frequently asked questions