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Westlake Chemical Partners LP (WLKP)

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Westlake Chemical Partners LP (WLKP) reported revenue of $297 million for Q2 FY2026, the quarter ended 30 June 2026, unchanged on the same quarter a year earlier. Net income was $14 million, down 2.2% on the year. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$297 millionunchanged
Net income$14 milliondown 2.2%
Diluted EPSn/a
QuarterQ2 FY2026ended 30 June 2026

Westlake Chemical Partners (WLKP) in brief

Westlake Chemical Partners (WLKP) reported revenue of $1.2 billion for fiscal 2025, the year ended 31 December 2025, up 2.7% on the year before.
Read moreNet income was $49 million. Revenue was $1.1 billion in fiscal 2024, $1.2 billion in fiscal 2023, $1.6 billion in fiscal 2022 and $1.2 billion in fiscal 2021. Net income in the same years was $62 million, $54 million, $64 million and $83 million. Over the twelve months to 30 June 2026, Westlake Chemical Partners reported revenue of $1.2 billion and net income of $58 million. Revenue grew 3.8% a year, compounded, over the five years to fiscal 2025. Westlake Chemical Partners had 35 million shares outstanding at the latest filed count. At 30 June 2026 it carried $400 million of debt and $49 million of cash. At the close of 29 October 2026 the market cap of Westlake Chemical Partners was $745 million.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin28.8%
Net margin4.7%
FCF margin33.1%
Interest cover16.42
Debt to equityn/a
Cash conversion8.08
Share count, last 12 months0.0%
Sales CAGR, 3 years-9.9%
Profit CAGR, 3 years-8.8%
EPS, TTMn/a

At the close of 29 October 2026

Price$21.12
Market cap$745 million
Stock P/En/a
Price to bookn/a
EV / EBITDA2.22
Dividend yieldn/a
Market cap / sales0.60
52-week high$23.72
52-week low$17.87
Price, 1 year11.5%
Price CAGR, 3 years-0.4%
Price CAGR, 5 years-3.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Westlake Chemical Partners LP's balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
WLKPgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on WLKP

Dividendsno dividend in its filings for fiscal 2012 onward
Filings11 in twelve months: 7 current reports (8-K), about 5 regulation FD disclosure; 4 results of operations; 3 officer or director change; 1 material agreement
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.92 by open interest at the 29 October 2026 close; the straddle prices a 12.8% move to 20 November 2026
13F holders56 funds reported a position for the quarter to 30 June 2026; largest Invesco Ltd.
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest143,905 shares short, 5.91 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue294330362449415367308264322297285284277290238297309323306297
Cost of revenue218183271351325269202176229197182183160191184200209226212202
Gross profit75.914791.497.390.598.110687.793.010110210111798.654.197.599.496.893.894.8
Gross margin26%44%25%22%22%27%34%33%29%34%36%36%42%34%23%33%32%30%31%32%
SG&A7.86.38.29.98.72.97.97.26.77.97.17.67.36.67.56.37.47.17.27.5
Operating income68.114183.287.481.895.398.280.586.292.895.193.611092.046.691.292.089.886.687.3
Operating margin23%43%23%19%20%26%32%30%27%31%33%33%40%32%20%31%30%28%28%29%
Interest expensen/an/an/an/an/an/an/an/an/an/a6.66.76.75.85.55.95.95.55.15.1
Pre-tax income66.013981.084.678.891.591.775.481.187.389.988.210487.642.486.086.384.581.882.5
Tax rate-0%0%0%0%1%0%0%0%0%0%0%0%0%0%0%0%0%0%0%0%
Net income12.829.516.216.414.816.814.911.913.214.314.814.418.115.04.914.614.714.514.214.2
Net margin4%9%4%4%4%5%5%4%4%5%5%5%7%5%2%5%5%5%5%5%
Diluted EPSn/an/an/an/an/a$0.48n/an/an/a$0.41n/an/an/a$0.43n/an/an/a$0.41n/an/a
Operating cash flow99.521.910512111512314598.510110810512212613245.89.1105120110130
Capital expenditure11.242.720.312.013.18.712.74.516.812.89.810.215.513.516.024.429.78.85.612.5
Free cash flow88.3-20.884.510910211413294.084.194.894.811211111929.8-15.375.6112105117
Shares outstanding35mn/a35m35m35m35m35m35m35m35m35m35m35m35m35m35m35m35m35m35m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,7501,0079871,1731,2861,0929671,2151,5931,1911,1361,1671,235
Cost of revenue1,0046245957699087125887731,216803717819850
Gross profit746383391404377379379442377387419348385
Gross margin42.6%38.0%39.7%34.4%29.3%34.8%39.2%36.4%23.7%32.5%36.9%29.8%31.2%
Selling, general and administrative29.323.624.929.327.629.325.931.029.729.828.528.329.2
Operating income717359366374350350353411348358390320356
Operating margin41.0%35.7%37.1%31.9%27.2%32.1%36.5%33.8%21.8%30.0%34.4%27.4%28.8%
Interest expensen/an/an/an/an/an/an/an/a13.426.525.722.921.7
Pre-tax incomen/a355354354331334342402336335370299335
Income tax1990.71.01.30.00.70.60.51.00.80.80.50.6
Effective tax raten/a0.2%0.3%0.4%0.0%0.2%0.2%0.1%0.3%0.2%0.2%0.2%0.2%
Net income13.639.840.948.749.361.066.282.564.254.362.448.757.6
Net margin0.8%4.0%4.1%4.1%3.8%5.6%6.8%6.8%4.0%4.6%5.5%4.2%4.7%
Diluted EPSn/a$1.47n/an/an/an/an/an/an/an/an/an/an/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow604453288537436451373408464452485280466
Capital expenditure20323130068.939.943.737.081.254.146.849.078.856.5
Free cash flow401221-11.9468396407336327410405436202409
Free cash flow margin22.9%22.0%-1.2%39.9%30.8%37.3%34.8%26.9%25.7%34.0%38.4%17.3%33.1%
Cash from investing-203-231-299-203-51.8-57.72.0-64.3-12.0-75.9-89.031.2-56.5
Cash from financing-267-186-68.9-396-392-393-378-344-404-382-396-326-396
Depreciation and amortisation77.681.298.2114109107103109121110112128138
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a35m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Debtn/an/an/an/an/an/an/a0.0400400400400400
Total liabilities and equity1,0961,2901,5551,5151,4621,3931,3561,4811,3721,3171,2881,2571,217
Owned
Fixed assets8421,0201,2221,1961,1481,1031,0511,044990944904886859
Goodwill5.85.85.85.85.85.85.85.85.85.85.85.85.8
Cash and equivalents13417088.927.019.719.917.217.164.858.658.344.349.3
Receivables37.511.912.118.116.49.911.05.820.018.711.69.121.6
Inventory6.63.93.95.64.42.53.58.94.74.44.12.83.6
Other assets70.778.7222263268252268400286285305309278
Total assets1,0961,2901,5551,5151,4621,3931,3561,4811,3721,3171,2881,2571,217
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.5%3.8%-9.9%12.1%
Profit growth, compounded2.0%-5.9%-8.8%9.4%
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Westlake Chemical Partners' revenue in fiscal 2025?

Westlake Chemical Partners (WLKP) reported revenue of $1.2 billion for fiscal 2025, the year ended 31 December 2025, up 2.7% on the year before.

How much did Westlake Chemical Partners earn in fiscal 2025?

Net income was $49 million for fiscal 2025.

What is Westlake Chemical Partners' market cap?

The market cap of Westlake Chemical Partners was $745 million at the close of 29 October 2026.

How much debt does Westlake Chemical Partners have?

At 30 June 2026 Westlake Chemical Partners carried $400 million of debt and $49 million of cash.

Peers: Chemicals

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
International Flavors & Fragrances Inc. IFF$23.2 billionn/an/a7.6%-11.7%0.411.8%
LyondellBasell Industries N.V. LYB$21.1 billionn/an/an/an/a1.216.3%
Westlake Corp. WLK$8.4 billionn/a-14.2%-11.0%-4.0%0.583.2%
Newmarket Corp. NEU$7.4 billion16.2923.7%20.2%0.9%0.431.5%
Sensient Technologies Corp. SXT$5.6 billion35.5112.5%14.0%8.1%0.611.2%
REX American Resources Corp. REX$1.3 billion10.6317.9%n/a1.3%0.00n/a
Flotek Industries Inc. FTK$932 million26.0129.4%12.8%36.8%0.39n/a
Kronos Worldwide Inc. KRO$856 millionn/a-14.6%-1.7%2.7%0.762.7%
LSB Industries, Inc. LXU$802 million17.968.2%11.2%13.0%0.79n/a
Westlake Chemical Partners LP WLKP$745 millionn/an/a28.8%12.1%n/an/a
PureCycle Technologies, Inc. PCT$669 millionn/a-1,437.3%-1,316.8%326.1%7.93n/a
FMC Corp. FMC$599 millionn/a-168.5%-61.9%-21.3%2.6217.2%
All 47 in Chemicals
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Linde plc LIN$231.1 billion33.4017.8%25.3%8.2%0.681.3%
Air Products & Chemicals, Inc. APD$69.4 billionn/a-0.3%-4.7%4.5%1.272.3%
Nutrien Ltd. NTR *$33.0 billion14.709.0%13.9%3.5%0.423.2%
PPG Industries Inc. PPG$26.5 billion17.1518.5%n/a6.4%0.812.4%
Dow Inc. DOW$24.3 billionn/a-5.5%n/a4.2%1.096.2%
International Flavors & Fragrances Inc. IFF$23.2 billionn/an/a7.6%-11.7%0.411.8%
LyondellBasell Industries N.V. LYB$21.1 billionn/an/an/an/a1.216.3%
DuPont de Nemours, Inc. DD$19.0 billion312.420.4%n/a3.3%0.232.2%
CF Industries Holdings, Inc. CF$17.9 billion8.7436.5%41.1%20.0%0.561.7%
RPM International Inc. RPM$13.0 billion18.9319.8%n/a6.0%0.69n/a
Albemarle Corp. ALB$11.0 billion345.522.2%4.3%18.3%0.181.7%
Solstice Advanced Materials Inc. SOLS$9.9 billionn/a13.2%n/an/a1.46n/a
Element Solutions Inc. ESI$8.6 billion41.657.1%11.7%39.6%0.720.9%
Westlake Corp. WLK$8.4 billionn/a-14.2%-11.0%-4.0%0.583.2%
Eastman Chemical Co. EMN$7.8 billion17.707.3%n/a-4.5%0.864.9%
Newmarket Corp. NEU$7.4 billion16.2923.7%20.2%0.9%0.431.5%
Axalta Coating Systems Ltd. AXTA$7.2 billion21.6712.7%12.4%0.1%1.14n/a
Hexcel Corp. HXL$6.0 billion35.6712.9%12.2%7.6%0.710.9%
Mosaic Co. MOS$5.8 billionn/a-5.6%-1.4%8.8%0.544.8%
Sensient Technologies Corp. SXT$5.6 billion35.5112.5%14.0%8.1%0.611.2%
Balchem Corp. BCPC$5.4 billion32.0612.9%20.7%9.4%0.110.6%
Celanese Corp. CE$5.3 billionn/a-28.2%n/a-2.3%2.880.2%
CSW Industrials, Inc. CSW$4.7 billion37.3711.4%16.9%30.0%0.68n/a
Perimeter Solutions, Inc. PRM$4.7 billionn/a-33.2%-50.6%24.2%1.18n/a
Avient Corp. AVNT$3.9 billion23.187.0%9.5%2.4%0.772.6%
Cabot Corp. CBT$3.8 billion20.7211.8%13.6%-4.7%0.792.5%
Scotts Miracle-Gro Co. SMG$3.6 billion53.78n/a11.8%-2.0%n/a4.3%
WD-40 Co. WDFC$2.9 billion36.0930.2%15.8%11.0%0.321.8%
H.B. Fuller Co. FUL$2.7 billion13.869.1%n/a1.5%0.951.9%
Ingevity Corp. NGVT$2.6 billionn/an/an/an/a25.59n/a
Rogers Corp. ROG$2.5 billion55.493.7%7.9%6.7%0.00n/a
Innospec Inc. IOSP$2.5 billion20.699.0%7.0%2.9%0.001.7%
Chemours Co. CC$2.0 billionn/an/a-1.9%-0.9%n/a2.7%
Minerals Technologies Inc. MTX$1.9 billionn/a-4.3%-1.3%4.1%0.620.8%
Olin Corp. OLN$1.8 billionn/a-11.5%-1.6%0.6%1.77n/a
Huntsman Corp. HUN$1.6 billionn/a-6.7%-0.5%0.6%0.785.7%
CVR Partners, LP UAN$1.3 billion8.30n/a28.1%17.5%n/an/a
REX American Resources Corp. REX$1.3 billion10.6317.9%n/a1.3%0.00n/a
Ecovyst Inc. ECVT$1.1 billionn/a-10.4%9.4%39.8%0.84n/a
Flotek Industries Inc. FTK$932 million26.0129.4%12.8%36.8%0.39n/a
Kronos Worldwide Inc. KRO$856 millionn/a-14.6%-1.7%2.7%0.762.7%
LSB Industries, Inc. LXU$802 million17.968.2%11.2%13.0%0.79n/a
Westlake Chemical Partners LP WLKP$745 millionn/an/a28.8%12.1%n/an/a
PureCycle Technologies, Inc. PCT$669 millionn/a-1,437.3%-1,316.8%326.1%7.93n/a
FMC Corp. FMC$599 millionn/a-168.5%-61.9%-21.3%2.6217.2%
Tronox Holdings plc TROX$592 millionn/a-47.3%-7.2%3.7%2.789.4%
Luxfer Holdings plc LXFR$462 millionn/an/an/an/a0.26n/a
6 companies share its SEC industry code (Industrial Organic Chemicals); the rest are the names nearest in size in its wider industry, Chemicals, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 20254 March 2026EDGAR
10-Q30 September 202531 October 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20252 May 2025EDGAR
10-K31 December 20245 March 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR