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Basic Materials - Chemicals - NYSE - US
$ 22.55
0.356 %
$ 795 M
Market Cap
12.89
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one WLKP stock under the base case scenario is HIDDEN Compared to the current market price of 22.6 USD, Westlake Chemical Partners LP is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart WLKP

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FINANCIALS
1.19 B REVENUE
-25.26%
358 M OPERATING INCOME
2.88%
54.3 M NET INCOME
-83.79%
452 M OPERATING CASH FLOW
-2.53%
-75.9 M INVESTING CASH FLOW
-532.70%
-382 M FINANCING CASH FLOW
5.39%
277 M REVENUE
-2.52%
110 M OPERATING INCOME
17.16%
18.1 M NET INCOME
25.71%
126 M OPERATING CASH FLOW
3.43%
-30.5 M INVESTING CASH FLOW
-200.12%
-101 M FINANCING CASH FLOW
0.16%
Balance Sheet Decomposition Westlake Chemical Partners LP
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Current Assets 226 M
Cash & Short-Term Investments 58.6 M
Receivables 163 M
Other Current Assets 4.87 M
Non-Current Assets 1.09 B
Long-Term Investments 0
PP&E 944 M
Other Non-Current Assets 147 M
Current Liabilities 56.3 M
Accounts Payable 31.4 M
Short-Term Debt 0
Other Current Liabilities 25 M
Non-Current Liabilities 404 M
Long-Term Debt 400 M
Other Non-Current Liabilities 4.58 M
EFFICIENCY
Earnings Waterfall Westlake Chemical Partners LP
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Revenue 1.19 B
Cost Of Revenue 803 M
Gross Profit 387 M
Operating Expenses 29.8 M
Operating Income 358 M
Other Expenses 303 M
Net Income 54.3 M
RATIOS
32.54% GROSS MARGIN
32.54%
30.04% OPERATING MARGIN
30.04%
4.56% NET MARGIN
4.56%
10.39% ROE
10.39%
4.12% ROA
4.12%
38.70% ROIC
38.70%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Westlake Chemical Partners LP
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Net Income 54.3 M
Depreciation & Amortization 110 M
Capital Expenditures -46.8 M
Stock-Based Compensation 0
Change in Working Capital 2.26 M
Others 257 M
Free Cash Flow 405 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Westlake Chemical Partners LP
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WLKP has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
2.10% DIVIDEND YIELD
0.471 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Westlake Chemical Partners LP
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
89.8 K USD 1
0-3 MONTHS
388 K USD 1
3-6 MONTHS
917 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Aug 29, 2024
Bought 22.8 K USD
Gilson Jean-Marc
President and CEO
+ 1000
22.83 USD
2 months ago
Aug 28, 2024
Bought 11.5 K USD
Gilson Jean-Marc
President and CEO
+ 500
22.94 USD
2 months ago
Aug 27, 2024
Bought 23 K USD
Gilson Jean-Marc
President and CEO
+ 1000
22.95 USD
2 months ago
Aug 26, 2024
Bought 11.4 K USD
Gilson Jean-Marc
President and CEO
+ 500
22.845 USD
2 months ago
Aug 23, 2024
Bought 11.4 K USD
Gilson Jean-Marc
President and CEO
+ 500
22.88 USD
2 months ago
Aug 22, 2024
Bought 9.65 K USD
Gilson Jean-Marc
President and CEO
+ 427
22.6 USD
3 months ago
Aug 12, 2024
Bought 60.9 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 2692
22.628 USD
3 months ago
Aug 09, 2024
Bought 276 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 12000
22.989 USD
5 months ago
May 30, 2024
Bought 50.9 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 2291
22.23 USD
6 months ago
May 10, 2024
Bought 158 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 7178
22.073 USD
6 months ago
May 08, 2024
Bought 221 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 10000
22.1 USD
7 months ago
Mar 28, 2024
Bought 111 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 5000
22.23 USD
7 months ago
Mar 21, 2024
Bought 93.7 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 4230
22.16 USD
8 months ago
Mar 06, 2024
Bought 112 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 5000
22.3 USD
8 months ago
Feb 22, 2024
Bought 221 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 10000
22.116 USD
1 year ago
Nov 09, 2023
Bought 107 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 5000
21.48 USD
1 year ago
Nov 06, 2023
Bought 220 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 10000
22.018 USD
1 year ago
Aug 29, 2023
Bought 227 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 10000
22.738 USD
1 year ago
Aug 22, 2023
Bought 262 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 11762
22.301 USD
1 year ago
Aug 21, 2023
Bought 14.2 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 643
22.11 USD
1 year ago
Aug 17, 2023
Bought 110 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 5000
22.082 USD
1 year ago
Aug 16, 2023
Bought 74.4 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 3349
22.226 USD
1 year ago
Aug 15, 2023
Bought 18.8 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 855
21.996 USD
1 year ago
Aug 10, 2023
Bought 113 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 5000
22.55 USD
1 year ago
Aug 09, 2023
Bought 115 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 5000
23 USD
1 year ago
Aug 07, 2023
Bought 115 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 5000
23 USD
1 year ago
Mar 13, 2023
Bought 107 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 5000
21.441 USD
1 year ago
Mar 10, 2023
Bought 220 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 10000
22.02 USD
2 years ago
Nov 15, 2022
Bought 100 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 4362
22.9742 USD
2 years ago
Nov 10, 2022
Bought 130 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 5638
22.9781 USD
2 years ago
May 31, 2022
Sell 782 K USD
Chao James
Chairman
- 29092
26.867 USD
2 years ago
Mar 08, 2022
Bought 263 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 10000
26.34 USD
2 years ago
Mar 07, 2022
Bought 209 K USD
Kenner Andrew
SVP, Olefin Material & Corp Pr
+ 8000
26.153 USD
3 years ago
Mar 05, 2021
Bought 93.9 K USD
FINLEY G STEPHEN
Director
+ 4000
23.4681 USD
4 years ago
Nov 13, 2020
Bought 9.3 K USD
WOELFEL RANDY
Director
+ 500
18.59 USD
4 years ago
Nov 12, 2020
Bought 9.35 K USD
WOELFEL RANDY
Director
+ 500
18.6992 USD
4 years ago
Nov 11, 2020
Bought 18.6 K USD
WOELFEL RANDY
Director
+ 1000
18.57 USD
4 years ago
Mar 24, 2020
Bought 22.4 K USD
Chao Albert
President & CEO
+ 1579
14.18 USD
4 years ago
Mar 24, 2020
Bought 43.1 K USD
Chao Albert
President & CEO
+ 3200
13.46 USD
4 years ago
Mar 23, 2020
Bought 62.7 K USD
Chao Albert
President & CEO
+ 4780
13.12 USD
4 years ago
Mar 23, 2020
Bought 13.8 K USD
Ederington L. Benjamin
VP, General Counsel
+ 1000
13.83 USD
4 years ago
Mar 23, 2020
Bought 39.4 K USD
WOELFEL RANDY
Director
+ 3000
13.14 USD
4 years ago
Mar 20, 2020
Bought 20 K USD
Chao Albert
President & CEO
+ 1400
14.28 USD
4 years ago
Mar 20, 2020
Bought 170 K USD
Chao Albert
President & CEO
+ 12281
13.86 USD
4 years ago
Mar 20, 2020
Bought 41.7 K USD
WOELFEL RANDY
Director
+ 3000
13.897 USD
4 years ago
Mar 19, 2020
Bought 99.9 K USD
Chao Albert
President & CEO
+ 7035
14.2 USD
4 years ago
Mar 19, 2020
Bought 26.1 K USD
Chao Albert
President & CEO
+ 2100
12.44 USD
4 years ago
Mar 18, 2020
Bought 70.2 K USD
Chao Albert
President & CEO
+ 5796
12.12 USD
4 years ago
Mar 18, 2020
Bought 116 K USD
Chao Albert
President & CEO
+ 10178
11.43 USD
4 years ago
Mar 18, 2020
Bought 47.6 K USD
WOELFEL RANDY
Director
+ 4000
11.91 USD
4 years ago
Mar 17, 2020
Bought 52.5 K USD
Chao Albert
President & CEO
+ 3680
14.26 USD
4 years ago
Mar 17, 2020
Bought 93.2 K USD
Chao Albert
President & CEO
+ 6856
13.59 USD
4 years ago
Mar 16, 2020
Bought 107 K USD
Chao Albert
President & CEO
+ 7535
14.15 USD
4 years ago
Mar 13, 2020
Bought 54.3 K USD
Chao Albert
President & CEO
+ 3580
15.18 USD
4 years ago
Mar 12, 2020
Bought 16 K USD
Ederington L. Benjamin
VP, General Counsel
+ 1000
16.01 USD
4 years ago
Mar 13, 2020
Bought 14.9 K USD
Bender Mark Steven
SVP, CFO
+ 1000
14.914 USD
4 years ago
Mar 12, 2020
Bought 15.1 K USD
Bender Mark Steven
SVP, CFO
+ 1000
15.073 USD
4 years ago
Mar 11, 2020
Bought 42 K USD
Teel Lawrence E.
SVP, Olefins
+ 2500
16.8 USD
4 years ago
Mar 10, 2020
Bought 45.3 K USD
Teel Lawrence E.
SVP, Olefins
+ 2500
18.106 USD
5 years ago
Nov 12, 2019
Sell 115 K USD
Mangieri George J
VP & Chief Accounting Officer
- 5000
22.93 USD
5 years ago
Mar 29, 2019
Bought 30 M USD
TTWFGP LLC
10 percent owner
+ 1401869
21.4 USD
5 years ago
Nov 30, 2018
Bought 90.2 K USD
Lumpkins David
Director
+ 4000
22.56 USD
5 years ago
Nov 26, 2018
Bought 114 K USD
Minas Angela A
Director
+ 5000
22.75 USD
6 years ago
Nov 19, 2018
Bought 241 K USD
Chao Albert
President & CEO
+ 10386
23.24 USD
6 years ago
Nov 16, 2018
Bought 290 K USD
Chao Albert
President & CEO
+ 12452
23.27 USD
6 years ago
Nov 15, 2018
Bought 57.8 K USD
Chao Albert
President & CEO
+ 2492
23.202 USD
6 years ago
Nov 14, 2018
Bought 266 K USD
Chao Albert
President & CEO
+ 11385
23.369 USD
6 years ago
Nov 13, 2018
Bought 145 K USD
Chao Albert
President & CEO
+ 6220
23.244 USD
6 years ago
Nov 12, 2018
Bought 228 K USD
Chao James
director, 10 percent owner:
+ 10000
22.77 USD
6 years ago
Nov 12, 2018
Bought 91.3 K USD
Lumpkins David
Director
+ 4000
22.8282 USD
6 years ago
Mar 06, 2018
Bought 46.3 K USD
Chao Albert
President & CEO
+ 2000
23.16 USD
6 years ago
Mar 05, 2018
Bought 45.8 K USD
Chao Albert
President & CEO
+ 2000
22.91 USD
6 years ago
Mar 02, 2018
Bought 45.7 K USD
Chao Albert
President & CEO
+ 2000
22.86 USD
6 years ago
Mar 02, 2018
Bought 43.2 K USD
Teel Lawrence E.
SVP, Olefins
+ 1900
22.75 USD
6 years ago
Mar 01, 2018
Bought 70.5 K USD
Teel Lawrence E.
SVP, Olefins
+ 3100
22.75 USD
6 years ago
Mar 01, 2018
Bought 57.4 K USD
Chao Albert
President & CEO
+ 2500
22.98 USD
6 years ago
Feb 27, 2018
Bought 47.5 K USD
Bender Mark Steven
SVP, CFO and Treasurer
+ 2000
23.7675 USD
6 years ago
Dec 04, 2017
Bought 188 K USD
Chao James
director, 10 percent owner:
+ 8473
22.17 USD
6 years ago
Nov 29, 2017
Bought 163 K USD
Chao Albert
President & CEO
+ 7425
22 USD
6 years ago
Nov 28, 2017
Bought 164 K USD
Chao Albert
President & CEO
+ 7475
21.96 USD
6 years ago
Nov 27, 2017
Bought 166 K USD
Chao Albert
President & CEO
+ 7475
22.18 USD
6 years ago
Nov 24, 2017
Bought 63.7 K USD
Chao Albert
President & CEO
+ 2900
21.9672 USD
6 years ago
Nov 22, 2017
Bought 43 K USD
Chao Albert
President & CEO
+ 2000
21.494 USD
6 years ago
Nov 22, 2017
Bought 43 K USD
Chao Albert
President & CEO
+ 2000
21.494 USD
7 years ago
Aug 07, 2017
Bought 7.54 K USD
Teel Lawrence E.
SVP, Olefins
+ 300
25.149 USD
7 years ago
Mar 09, 2017
Bought 63.5 K USD
Lumpkins David
Director
+ 2500
25.4161 USD
7 years ago
Mar 07, 2017
Bought 64.1 K USD
Lumpkins David
Director
+ 2500
25.632 USD
7 years ago
Nov 30, 2016
Bought 105 K USD
Minas Angela A
Director
+ 5000
21 USD
10 years ago
Aug 04, 2014
Bought 60 K USD
Teel Lawrence E.
SVP, Olefins
+ 2500
24 USD
10 years ago
Aug 04, 2014
Bought 120 K USD
Mangieri George J
VP & Chief Accounting Officer
+ 5000
24 USD
10 years ago
Aug 04, 2014
Bought 3 M USD
LUKENS MAX L
Director
+ 125000
24 USD
10 years ago
Aug 04, 2014
Bought 240 K USD
Hansen David R
Sr VP Adminstration
+ 10000
24 USD
10 years ago
Aug 04, 2014
Bought 240 K USD
Ederington L. Benjamin
VP, General Counsel
+ 10000
24 USD
10 years ago
Aug 04, 2014
Bought 0 USD
Chao James
director, 10 percent owner:
+ 1436115
0 USD
10 years ago
Aug 04, 2014
Bought 1.08 M USD
Chao James
director, 10 percent owner:
+ 45000
24 USD
10 years ago
Aug 04, 2014
Bought 0 USD
Chao Albert
President & CEO
+ 1436115
0 USD
10 years ago
Aug 04, 2014
Bought 1.08 M USD
Chao Albert
President & CEO
+ 45000
24 USD
10 years ago
Aug 04, 2014
Bought 240 K USD
Bender Mark Steven
Sr VP, CFO
+ 10000
24 USD
10 years ago
Aug 04, 2014
Bought 120 K USD
Adams Gary Kramer
Director
+ 5000
24 USD
7. News
Westlake Chemical Partners LP Common Units (WLKP) Q3 2024 Earnings Call Transcript Westlake Chemical Partners LP Common Units (NYSE:WLKP ) Q3 2024 Earnings Conference Call November 5, 2024 1:00 PM ET Company Participants John Zoeller - Vice President & Treasurer Jean-Marc Gilson - President & Chief Executive Officer Steve Bender - Executive Vice President & Chief Financial Officer Conference Call Participants Matthew Blair - TPH Operator Good afternoon. Thank you for standing by. seekingalpha.com - 1 week ago
Westlake Chemical Partners LP Announces Third Quarter 2024 Results HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2024 of $18.1 million, or $0.51 per limited partner unit, an increase of $4.9 million compared to the third quarter 2023 net income of $13.2 million. Cash flows from operating activities in the third quarter of 2024 were $126.1 million, an increase of $25.2 million compared to third quarter 2023 cash flows from operating activ. businesswire.com - 1 week ago
Westlake Chemical Partners LP Announces Third Quarter 2024 Distribution HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 41st quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on November 27, 2024, to unit holders of record on November 12, 2024. This release is intended to be a qualified notice under Treasury Regul. businesswire.com - 2 weeks ago
Westlake Chemical Partners LP (WLKP) Q2 2024 Earnings Call Transcript Westlake Chemical Partners LP (NYSE:WLKP ) Q2 2024 Earnings Conference Call August 6, 2024 1:00 PM ET Company Participants John Zoeller - VP and Treasurer Albert Chao - Executive Chairman Jean-Marc Gilson - President and CEO Steve Bender - EVP and CFO Conference Call Participants Matthew Blair - TPH Operator Good afternoon. Thank you for standing by. seekingalpha.com - 3 months ago
Westlake Chemical Partners LP Announces Second Quarter 2024 Distribution HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 40th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on August 27, 2024, to unit holders of record on August 12, 2024. This release is intended to be a qualified notice under Treasury Regulatio. businesswire.com - 3 months ago
Westlake Chemical Partners Provides Tax Reporting Information HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) today provided the following information regarding 2023 investor tax reporting: As previously noted in the 2023 Investor Tax Reporting Package for our unitholders' investment in Westlake Chemical Partners, LP, the Partnership will report items of international tax relevance to our partners on Schedule K-3 for tax year 2023. As we disclosed in our quarterly distribution press releases, all of our income is effectively connected wi. businesswire.com - 5 months ago
For $10,000 in Passive Income, Invest $7,500 in These 12 Dividend Stocks One way for investors to work smarter, not harder, is with passive income. 247wallst.com - 6 months ago
Westlake Chemical Partners LP (WLKP) Q1 2024 Earnings Call Transcript Westlake Chemical Partners LP (NYSE:WLKP ) Q1 2024 Earnings Conference Call May 1, 2024 1:00 PM ET Company Participants John Zoeller - Vice President and Treasurer Albert Chao - President and Chief Executive Officer Steve Bender - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Blair - TPH Salvator Tiano - Bank of America Securities Operator Good afternoon, and thank you for standing by. Welcome to the Westlake Chemical Partners First Quarter 2024 Earnings Conference Call. seekingalpha.com - 6 months ago
Westlake Chemical Partners LP Announces First Quarter 2024 Results HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the first quarter of 2024 of $14.8 million, or $0.42 per limited partner unit, which was in-line with first quarter 2023 net income of $14.9 million. Cash flows from operating activities in the first quarter of 2024 were $104.6 million, a decrease of $40.3 million compared to first quarter 2023 cash flows from operating activities of $144.9 millio. businesswire.com - 6 months ago
Westlake Chemical Partners LP Announces First Quarter 2024 Distribution HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 39th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on May 29, 2024, to unit holders of record on May 13, 2024. This release is intended to be a qualified notice under Treasury Regulation Sect. businesswire.com - 6 months ago
Westlake Chemical Partners Announce First Quarter 2024 Earnings Conference Call HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its first quarter 2024 earnings prior to the market opening on Wednesday, May 1, 2024. The company will host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BI945f608342d94f3bb7f420c75004538c. Once registered, you will receive a phone number. businesswire.com - 7 months ago
Westlake Chemical Partners Provides 2023 Tax Information HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (the “Partnership”) (NYSE: WLKP) today provided an update on the availability of the Partnership's 2023 Investor Tax Packages including Schedule K-1 for its common unitholders. The Partnership's 2023 K-1 tax packages are now available. The information reported to you on Schedule K-1 is based on tax laws currently in effect for 2023. This information may be subject to change depending on actions taken by Congress and the President. If the T. businesswire.com - 8 months ago
8. Profile Summary

Westlake Chemical Partners LP WLKP

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COUNTRY US
INDUSTRY Chemicals
MARKET CAP $ 795 M
Dividend Yield 2.10%
Description 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.
Contact 2801 Post Oak Boulevard, Houston, TX, 77056 https://www.wlkpartners.com
IPO Date July 30, 2014
Employees 2169
Officers Mr. Albert Yuan Chao Executive Chairman of the Board Mr. Jeffrey A. Holy Vice President, Treasurer & Chief Accounting Officer of Westlake Chemical Partners GP LLC Mr. Mark Steven Bender CPA Executive Vice President, Chief Financial Officer & Director of Westlake Chemical Partners GP LLC Mr. Andrew F. Kenner Senior Vice President of Olefin Materials & Corporate Procurement of Westlake Chemical Partners GP LLC Mr. Jean-Marc Gilson President, Chief Executive Officer & Director