WLKP - NYSE
Westlake Chemical Partners LP
$23.01
-1.1%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.
At a Glance
Live SnapshotWestlake Chemical Partners LP Profit Bridge
Profitability Analysis
Gross Margin
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
Westlake Chemical Partners LP Income Statement
WLKP • NYSE
| Westlake Chemical Partners LP Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||||||||
1.2B | 1.1B | 1.2B | 1.6B | 1.2B | 966.7M | 1.1B | 1.3B | 1.2B | 986.7M | 1B | 1.7B | 2.1B | 2.2B | 2.3B | |
GROSS PROFIT | |||||||||||||||
(818.8M) | (717M) | (803.3M) | (1.2B) | (773.2M) | (587.8M) | (712.4M) | (908.5M) | (769.3M) | (595.4M) | (624.3M) | (1B) | (1.3B) | (1.6B) | (1.8B) | |
347.8M | 418.9M | 387.5M | 377.4M | 441.7M | 378.9M | 379.4M | 377.2M | 403.7M | 391.3M | 382.9M | 745.8M | 872.6M | 635.7M | 409.1M | |
OPERATING INCOME | |||||||||||||||
(28.3M) | (28.5M) | (29.8M) | (29.7M) | (31M) | (25.9M) | (29.3M) | (27.6M) | (29.3M) | (24.9M) | (23.6M) | (29.3M) | (25.5M) | (24.1M) | (24.3M) | |
(28.3M) | (28.5M) | (29.8M) | (29.7M) | (31M) | (25.9M) | (29.3M) | (27.6M) | (29.3M) | (24.9M) | (23.6M) | (29.3M) | (25.5M) | (24.1M) | (24.3M) | |
319.6M | 390.4M | 357.7M | 347.7M | 410.7M | 353M | 350.2M | 349.6M | 374.4M | 366.4M | 359.3M | 716.6M | 847.2M | 611.5M | 384.8M | |
PRE-TAX INCOME | |||||||||||||||
(22.9M) | (25.7M) | (26.5M) | (13.4M) | (8.8M) | (12M) | (19.6M) | (21.4M) | (21.9M) | (12.6M) | (5M) | (10.5M) | (8M) | (8.9M) | (8.9M) | |
-22.9M | -25.7M | -26.5M | -13.4M | -8.8M | -12M | -19.6M | -21.4M | -21.9M | -12.6M | -5M | -10.5M | -8M | -8.9M | -8.9M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (160K) | (0.0) | (0.0) | (0.0) | (0.0) | |
-20.5M | -20.5M | -22.3M | -11.8M | -8.8M | -11.3M | -16.5M | -19M | -20.1M | -12M | -4.8M | -7.3M | -331K | -4.8M | -6.1M | |
299.1M | 370M | 335.4M | 335.8M | 401.9M | 341.7M | 333.6M | 330.6M | 354.3M | 354.4M | 354.5M | 709.2M | 846.8M | 606.8M | 378.6M | |
NET INCOME | |||||||||||||||
(547K) | (835K) | (813K) | (1M) | (549K) | (564K) | (728K) | (22K) | (1.3M) | (1M) | (672K) | (199.4M) | (300.3M) | (210.9M) | (131.7M) | |
298.6M | 62.4M | 54.3M | 64.2M | 82.5M | 66.2M | 332.9M | 49.3M | 48.7M | 40.9M | 39.8M | 13.6M | 546.5M | 395.9M | 247M |
SEC Filings
WLKP - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 06, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 05, 2026 | May 05, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 20, 2026 | April 20, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 04, 2026 | December 31, 2025 | 2025 | |
S-3 S-3 N/A | March 04, 2026 | March 04, 2026 | ||
8-K 8-K 2026 N/A | February 24, 2026 | February 24, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 23, 2026 | February 18, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 31, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 30, 2025 | October 30, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | August 06, 2025 | June 30, 2025 | 2025 |
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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