Westlake Chemical Partners LP

Westlake Chemical Partners LP

Basic Materials

NYSE:WLKP · New York Stock Exchange

Market Cap $796.56M Beta 0.50 P/E (TTM) 6.3
$22.60 -0.31%

-$0.07 today

52W Low $17.75High $23.88

Vol 0.03M · Avg 0.03M

EPS (TTM) $3.60 Div Yield 8.31%Chemicals

Income Statement

Follow revenue through to earnings

Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.

Westlake Chemical Partners LP

Stock Ticker Earnings Waterfall

NYSE:WLKP · Revenue to Net Income

Key Ratios

EPS$3.62
Gross Margin31.4%
Net Margin10.1%
P/E Ratio10.4
P/S Ratio2.4

Analysis

$1.2B of revenue converted into $127.6M of net income for the selected period. Gross margin is 31.4% and net margin is 10.1%, showing how much revenue survives after costs and taxes. EPS is $3.62, tying the income statement back to per-share earnings.

Income Statement

Annual data · 5 periods

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue
$1.2B
+2.7%
$1.1B
-4.6%
$1.2B
-25.3%
$1.6B
+31.1%
$1.2B
$809.6M$921.6M$731.2M
Cost of Revenue
$818.8M
+14.2%
$717.0M
-10.8%
$803.3M
-33.9%
$1.2B
+57.3%
$773.2M
$725.6M$804.0M$882.4M
Gross Profit
$347.8M
-17.0%
$418.9M
+8.1%
$387.5M
+2.7%
$377.4M
-14.6%
$441.7M
$8.9B$7.6B$6.2B
Gross Margin
29.8%
-7.1pp
36.9%
+4.3pp
32.5%
+8.9pp
23.7%
-12.7pp
36.4%
9.8%28.9%38.3%
Research & Development
$0
$0
$0
$0
$0
$983.2M$1.3B$490.4M
Selling, General & Admin
$28.3M
-0.8%
$28.5M
-4.2%
$29.8M
+0.2%
$29.7M
-4.3%
$31.0M
$620.6M$923.0M-$1.5B
Operating Expenses
$28.3M
-0.8%
$28.5M
-4.2%
$29.8M
+0.2%
$29.7M
-4.3%
$31.0M
$5.3B$7.0B$8.7B
Depreciation & Amortization
$128.0M
+14.4%
$111.9M
+1.5%
$110.2M
-9.0%
$121.1M
+11.3%
$108.8M
$374.2M$1.2B$631.8M
EBITDA
$450.0M
-11.3%
$507.6M
+7.5%
$472.1M
+0.4%
$470.3M
-9.5%
$519.6M
-$15.2B$6.8B$9.3B
EBITDA Margin
38.6%
-6.1pp
44.7%
+5.0pp
39.6%
+10.1pp
29.5%
-13.2pp
42.8%
5.6%46.3%42.0%
Operating Income
$319.6M
-18.2%
$390.4M
+9.2%
$357.7M
+2.9%
$347.7M
-15.3%
$410.7M
$12.3B$14.0B-$15.7B
Operating Margin
27.4%
-7.0pp
34.4%
+4.3pp
30.0%
+8.2pp
21.8%
-12.0pp
33.8%
16.6%24.1%22.0%
Interest Income
$0
$0
$0
$0
$0
-$1.5B-$1.6B$405.0M
Interest Expense
$22.9M
-10.9%
$25.7M
-3.0%
$26.5M
+97.7%
$13.4M
+52.1%
$8.8M
$1.1B$1.0B$1.2B
Other Income / Expenses
-$20.5M
-0.0%
-$20.4M
+8.2%
-$22.3M
-88.1%
-$11.8M
-35.3%
-$8.8M
-$1.5B$1.4B$1.2B
Income Before Tax
$299.1M
-19.2%
$370.0M
+10.3%
$335.4M
-0.1%
$335.8M
-16.4%
$401.9M
$3.3B$4.9B$3.6B
Pre-Tax Margin
25.6%
-6.9pp
32.6%
+4.4pp
28.2%
+7.1pp
21.1%
-12.0pp
33.1%
20.8%18.7%26.2%
Income Tax Expense
$547.0K
-34.5%
$835.0K
+2.7%
$813.0K
-20.1%
$1.0M
+85.2%
$549.0K
$1.3B-$1.6B$745.2M
Net Income
$298.6M
+378.5%
$62.4M
+14.9%
$54.3M
-15.4%
$64.2M
-22.3%
$82.5M
$4.9B$4.8B$4.7B
Net Margin
25.6%
+20.1pp
5.5%
+0.9pp
4.6%
+0.5pp
4.0%
-2.8pp
6.8%
12.4%17.5%22.5%
EPS (Basic)
$8
+378.5%
$2
+14.9%
$2
-15.4%
$2
-22.2%
$2
$400.8M$703.2M$1.3B
EPS (Diluted)
$8
+378.5%
$2
+14.9%
$2
-15.4%
$2
-22.2%
$2
$766.2M$609.4M$452.6M
Weighted Avg Shares
$35.2M
+0.0%
$35.2M
-0.0%
$35.2M
+0.1%
$35.2M
+0.0%
$35.2M
$757.8M$925.8M$1.1B
Weighted Avg Shares (Diluted)
$35.2M
+0.0%
$35.2M
+0.0%
$35.2M
+0.0%
$35.2M
+0.0%
$35.2M
$1.2B$924.4M$678.0M

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How much revenue does WLKP generate?

Westlake Chemical Partners LP (WLKP) reported $1.17B of revenue in fiscal 2025.

Is WLKP profitable?

Westlake Chemical Partners LP (WLKP) reported $298.58M of net income, with a net margin of 25.6%.

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