Westlake Chemical Partners LP (WLKP) Financial Statements
$21.51NYSE: WLKPMarket Cap $758.14M
Westlake Chemical Partners LP most recently reported annual revenue of $1.2B, net profit of $49.0M. Revenue grew at an average annual rate of 3.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Westlake Chemical Partners LP: Revenue rose from $987.0M in 2016 to $1.2B in 2025, a change of +18.2% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 37.1% to 27.4%, a shift of -9.8 percentage points; the most recent year shows net profit of $49.0M.
Income Statement — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Revenue
$987.0M
$1.2B
$1.3B
$1.1B
$967.0M
$1.2B
$1.6B
$1.2B
$1.1B
$1.2B
Operating Expenses
$620.0M
$799.0M
$936.0M
$742.0M
$614.0M
$804.0M
$1.2B
$833.0M
$745.0M
$847.0M
Operating Profit
$366.0M
$374.0M
$350.0M
$350.0M
$353.0M
$411.0M
$348.0M
$358.0M
$390.0M
$320.0M
Operating Margin
37.1%
31.9%
27.2%
32.1%
36.5%
33.8%
21.8%
30.0%
34.4%
27.4%
Other Income
$-12.0M
$-20.0M
$-19.0M
$-17.0M
$-11.0M
$-9.0M
$-12.0M
$-22.0M
$-20.0M
$-20.0M
Interest
$13.0M
$22.0M
$21.0M
$20.0M
$12.0M
$9.0M
$13.0M
$27.0M
$26.0M
$23.0M
Depreciation
$98.0M
$114.0M
$109.0M
$107.0M
$103.0M
$109.0M
$121.0M
$110.0M
$112.0M
$128.0M
Profit Before Tax
$354.0M
$354.0M
$331.0M
$334.0M
$342.0M
$402.0M
$336.0M
$335.0M
$370.0M
$299.0M
Tax
$290,000
$360,000
$10,000
$220,000
$170,000
$140,000
$300,000
$240,000
$230,000
$180,000
Net Profit
$41.0M
$49.0M
$49.0M
$61.0M
$66.0M
$83.0M
$64.0M
$54.0M
$62.0M
$49.0M
EPS
$0.79
$1.72
$1.51
$1.77
$1.88
$2.34
$1.82
$1.54
$1.77
$1.38
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
8 duplicate period labels in the source data were collapsed.
Metric
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$322.0M
$297.0M
$285.0M
$284.0M
$277.0M
$290.0M
$238.0M
$297.0M
$309.0M
$323.0M
$306.0M
$297.0M
Operating Expenses
$235.0M
$204.0M
$190.0M
$191.0M
$167.0M
$198.0M
$191.0M
$206.0M
$217.0M
$233.0M
$219.0M
$210.0M
Operating Profit
$86.0M
$93.0M
$95.0M
$94.0M
$110.0M
$92.0M
$47.0M
$91.0M
$92.0M
$90.0M
$87.0M
$87.0M
Operating Margin
26.8%
31.2%
33.4%
33.0%
39.6%
31.7%
19.6%
30.7%
29.8%
27.8%
28.3%
29.4%
Interest
$6.0M
$7.0M
$7.0M
$7.0M
$7.0M
$6.0M
$6.0M
$6.0M
$29.0M
$6.0M
$5.0M
$5.0M
Profit Before Tax
$81.0M
$87.0M
$90.0M
$88.0M
$104.0M
$88.0M
$42.0M
$86.0M
$86.0M
$84.0M
$82.0M
$83.0M
Tax
$270,000
$240,000
$230,000
$230,000
$210,000
$230,000
$250,000
$240,000
$50,000
$230,000
$220,000
$220,000
Net Profit
$13.0M
$14.0M
$15.0M
$14.0M
$18.0M
$15.0M
$5.0M
$15.0M
$15.0M
$15.0M
$14.0M
$14.0M
EPS
$0.37
$0.41
$0.42
$0.41
$0.51
$0.43
$0.14
$0.41
$0.42
$0.41
$0.40
$0.40
Over the 10 years reported for Westlake Chemical Partners LP, borrowings decreased from $595.0M in 2016 to $400.0M in 2025, cash stood at $44.0M in the latest year, shareholders' equity was $501.0M, current assets covered current liabilities 2.82 times.
Balance Sheet — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
$1.6B
$1.5B
$1.5B
$1.4B
$1.4B
$1.5B
$1.4B
$1.3B
$1.3B
$1.3B
Current Assets
$232.0M
$231.0M
$247.0M
$238.0M
$263.0M
$281.0M
$246.0M
$226.0M
$241.0M
$144.0M
Cash
$89.0M
$27.0M
$20.0M
$20.0M
$17.0M
$17.0M
$65.0M
$59.0M
$58.0M
$44.0M
Inventory
$4.0M
$6.0M
$4.0M
$2.0M
$3.0M
$9.0M
$5.0M
$4.0M
$4.0M
$3.0M
Receivables
$139.0M
$198.0M
$223.0M
$215.0M
$242.0M
$255.0M
$109.0M
$163.0M
$178.0M
$64.0M
Fixed Assets
$1.2B
$1.2B
$1.1B
$1.1B
$1.1B
$1.0B
$990.0M
$944.0M
$904.0M
$886.0M
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$-8.0M
$-8.0M
$-7.0M
$0
$0
$0
$0
$0
$0
$0
Other Assets
$6.0M
$6.0M
$6.0M
$6.0M
$6.0M
$6.0M
$6.0M
$6.0M
$6.0M
$6.0M
Total Liabilities
$634.0M
$517.0M
$528.0M
$441.0M
$441.0M
$508.0M
$468.0M
$461.0M
$459.0M
$454.0M
Current Liabilities
$38.0M
$40.0M
$49.0M
$39.0M
$40.0M
$107.0M
$67.0M
$56.0M
$55.0M
$51.0M
Borrowings
$595.0M
$474.0M
$478.0M
$400.0M
$400.0M
$400.0M
$400.0M
$400.0M
$400.0M
$400.0M
Other Liabilities
$40.0M
$43.0M
$50.0M
$42.0M
$42.0M
$108.0M
$69.0M
$61.0M
$59.0M
$55.0M
Equity
$345.0M
$461.0M
$458.0M
$520.0M
$520.0M
$537.0M
$535.0M
$523.0M
$519.0M
$501.0M
Reserves
$921.0M
$999.0M
$934.0M
$520.0M
$520.0M
$537.0M
$535.0M
$523.0M
$519.0M
$501.0M
For Westlake Chemical Partners LP, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $202.0M; free cash flow was positive in 9 of 10 years; financing activities used $259.0M in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Operating Cash Flow
$288.0M
$537.0M
$436.0M
$451.0M
$373.0M
$408.0M
$464.0M
$452.0M
$485.0M
$280.0M
Investing Cash Flow
$-599.0M
$-272.0M
$-92.0M
$-101.0M
$-35.0M
$-145.0M
$-66.0M
$-123.0M
$-138.0M
$-48.0M
Financing Cash Flow
$-245.0M
$-344.0M
$-342.0M
$-316.0M
$-312.0M
$-278.0M
$-338.0M
$-316.0M
$-330.0M
$-259.0M
Net Cash Flow
$-81.0M
$-62.0M
$-7.0M
$0
$-3.0M
$0
$48.0M
$-6.0M
$0
$-14.0M
Free Cash Flow
$-12.0M
$468.0M
$396.0M
$407.0M
$336.0M
$327.0M
$410.0M
$405.0M
$436.0M
$202.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
1.40
EV / EBITDA
2.31
FCF Yield
53.97%
Quick Ratio
3.36
Interest Coverage
10.34
Return 1Y
12.11%
Return 3Y
29.84%
Return 5Y
30.45%
Westlake Chemical Partners LP (WLKP) financials — frequently asked questions
What is Westlake Chemical Partners LP's annual revenue?
Westlake Chemical Partners LP (WLKP) reported annual revenue of $1.2B in its most recent fiscal year.
What is Westlake Chemical Partners LP's net profit?
Westlake Chemical Partners LP (WLKP) reported net profit of $49.0M in its most recent fiscal year.
What is WLKP EV/EBITDA?
Westlake Chemical Partners LP's enterprise value to EBITDA (EV/EBITDA) ratio is 2.31.