Pricing Log in Create free account
Monday 2 November 2026 Export WLKP’s income statement to Excel — free account

Westlake Chemical Partners LP

WLKP Basic Materials Chemicals

Westlake Chemical Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 2.71% from fiscal 2024.

Revenue
−0.01%
EPS
−2.44%
Free cash flow
+866.7%
Total debt
0.00%

Quarter to June 2026, against a year earlier

21.97 0.71 +3.34%
Market cap
$749.3M
P/E
13.5×
Fwd P/E
14.2×
Dividend yield
8.58%
F-score
4/9
Altman Z
n/a
Beneish M
−2.46
Dividend safety
92/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 41.24%

Capital & Financial Ratios $m

Size
Market Cap 749.33
Revenue ttm 1,234.72
Net income ttm 334.49
Free cash flow ttm 409.14
Net debt Q 350.35
Valuation
P/E 13.48
Forward P/E 14.20
Price / sales 0.63
Forward P/S Powerpack
Price / FCF 1.89
Price / book 1.01
Financial health
Current ratio Q 3.44 (at or above 1.5: strong)
Debt / equity Q 0.52
Interest coverage Q 17.06
Growth
Revenue growth Q −0.01% (below 0%: shrinking)
Operating income growth Q −4.30% (below 0%: shrinking)
EPS, this year +8.35%
EPS, next year A +13.64%
Revenue, next year A +16.23% (at or above 10%: strong)
EPS, past 5 yrs −6.00% (below 0%: weak)
EPS, next 5 yrs A +13.15%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 1.1×; over the ten years it ranged from 0.7× in 2016 to 1.4× in 2025.
P/E against its own 10 years 43.54%
10-year low 10-year high
P/S against its own 10 years 43.36%
10-year low 10-year high
P/B against its own 10 years 93.10%
10-year low 10-year high
EV/Sales against its own 10 years 71.00%
10-year low 10-year high
EV/FCF against its own 10 years 57.02%
10-year low 10-year high

Dividends

Yield
8.58%
Annual rate
1.89
Payout ratio
115.7%
Growth, 2016–25
+1.69%/yr
  1. 1.62 ’16
  2. 1.44 ’17 −11%
  3. 1.61 ’18 +12%
  4. 1.80 ’19 +12%
  5. 1.89 ’20 +5%
  6. 1.89 ’21 +0%
  7. 1.89 ’22 +0%
  8. 1.89 ’23 +0%
  9. 1.89 ’24 +0%
  10. 1.89 ’25 +0%
  11. 1.89 ’26e +0%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 59 58 44 49
Receivables 163 178 96 105
Inventory 4 4 3 4
Other — — — —
226 241 144 158
2023 2024 2025 Q'26
Payables 31 38 29 27
ST’ Debt — — — —
Other — — — —
56 55 51 46

Compound Annual Growth %

10y 5y 3y
Sales 1.48% 3.83% (9.86%)
Cash Flow (4.67%) (5.56%) (15.43%)
Earnings 2.03% (5.95%) (8.79%)
Book Value (0.54%) (2.60%) (3.89%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.41 Actual 0.40

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.43 0.42 Miss by 0.01
Q4 FY25 0.42 0.41 Miss by 0.01
Q1 FY26 0.43 0.40 Miss by 0.03
Q2 FY26 0.41 0.40 Miss by 0.01
Q3 FY26 0.30 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.40 0.40 — — —
’25 0.14 0.41 0.42 0.41 1.38
’24 0.42 0.41 0.51 0.43 1.77
’23 0.42 0.34 0.37 0.41 1.54
’22 0.46 0.47 0.42 0.48 1.82
’21 0.43 0.71 0.36 0.84 2.34
’20 0.50 0.43 0.53 0.43 1.88
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 306 297 — — —
’25 238 297 309 323 1,167
’24 285 284 277 290 1,136
’23 308 264 322 297 1,191
’22 362 449 415 367 1,593
’21 268 322 294 330 1,215
’20 251 239 232 246 967
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 110 130 — — —
’25 46 9 105 120 280
’24 105 122 126 132 485
’23 145 99 101 108 452
’22 105 121 115 123 464
’21 155 132 99 22 408
’20 111 113 117 33 373
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 105 117 — — —
’25 30 (15) 76 112 202
’24 95 112 111 119 436
’23 132 94 84 95 405
’22 84 109 102 114 410
’21 143 117 88 (21) 327
’20 99 104 109 25 336
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 987 1,173 1,286 1,092 967 1,215 1,593 1,191 1,136 1,167 1,235 +1.9% 1,356 1,427 1,493 +8.6%
Gross margin, % 39.66 34.41 29.34 34.75 39.19 36.36 23.69 32.54 36.88 29.81 31.16 (9.9) pt
EBT 354 354 331 334 342 402 336 335 370 299 335 (1.9%)
EBT margin, % 35.92 30.21 25.71 30.56 35.35 33.08 21.08 28.17 32.57 25.64 27.14 (10.3) pt
Net income 353 353 331 333 341 401 335 335 369 299 334 (1.9%)
Per share, $
Per share, $ Revenue 36.46 41.31 39.88 31.66 27.47 34.51 45.24 33.81 32.24 33.11 35.03 (1.1%)
Earnings 1.50 1.72 1.51 1.77 1.88 2.34 1.82 1.54 1.77 1.38 1.63 (0.9%)
Cash flow 10.63 18.93 13.53 13.07 10.61 11.60 13.17 12.83 13.77 7.96 13.21 (3.2%)
Capex (11.07) (2.43) (1.24) (1.27) (1.05) (2.31) (1.54) (1.33) (1.39) (2.24) (1.60) (16.3%)
Free cash flow (0.44) 16.50 12.29 11.80 9.56 9.30 11.63 11.50 12.38 5.72 11.61 n/m
Book value 34.03 35.18 28.97 27.61 26.00 27.63 25.66 24.31 23.54 22.77 21.83 (4.4%)
Shares, m 27 28 32 34 35 35 35 35 35 35 35 +3.0%
Valuation, ×
Valuation, × P/E 14.37 15.27 15.98 15.01 12.61 11.48 12.39 14.08 13.07 13.77 13.48 13.8
P/S 0.59 0.61 0.61 0.83 0.87 0.78 0.50 0.64 0.72 0.57 0.63 0.7
P/B 0.63 0.71 0.83 0.96 0.92 0.97 0.88 0.89 0.98 0.83 1.01 0.9
EV/Sales 1.10 0.99 0.96 1.18 1.26 1.09 0.95 1.24 1.35 1.20 1.22 1.1
EV/FCF (91.41) 2.47 3.12 3.17 3.63 4.06 3.69 3.66 3.52 6.95 3.67 (5.7)
Cash, $m
Cash, $m Operating cash flow 288 537 436 451 373 408 464 452 485 280 466 (0.3%)
Capex (300) (69) (40) (44) (37) (81) (54) (47) (49) (79) (57) (13.8%)
Free cash flow (12) 468 396 407 336 327 410 405 436 202 409 n/m
Balance, $m
Balance, $m Working capital 194 191 198 200 224 174 179 170 186 92 112 (8.0%)
Net debt 506 447 458 380 383 383 335 341 341 355 350 (3.8%)
Shareholders’ equity 921 999 934 952 915 973 904 856 829 802 769 (1.5%)
Returns, %
Returns, % ROA 2.88 3.17 3.31 4.27 4.81 5.82 4.50 4.04 4.79 3.83 4.56 +1.0 pt
ROIC 16.05 16.19 15.70 16.43 17.00 18.94 17.54 18.67 20.85 17.25 19.85 +1.2 pt
ROE 4.63 5.07 5.11 6.47 7.09 8.75 6.84 6.17 7.40 5.97 7.20 +1.3 pt
People
People Employees 141 119 145 150 144 151 148 152 153 155 — +1.1%
Revenue/emp, $m 7.00 9.86 8.87 7.28 6.71 8.05 10.76 7.83 7.42 7.53 — +0.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Westlake Chemical Partners LP vs peers in Chemicals (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HUN Huntsman Corporation $1.7B — (loss-making) — (loss-making) +14.06% (above 0%: growing) n/m −266.67% (below 0%: shrinking) 14.73% 2.22% Compare
REX REX American Resources Corporation $1.3B 10.8× 13.7× +6.26% (above 0%: growing) +393.02% (above 0%: growing) +392.23% (above 0%: growing) 31.63% 22.36% Compare
GPRE Green Plains, Inc. $988.3M 7.9× 6.6× −19.28% (below 0%: shrinking) n/m +57.21% (above 0%: growing) 25.33% 15.21% Compare
LXU Lsb Industries Inc. $829.5M 23.0× 16.9× +11.10% (above 0%: growing) −325.00% (below 0%: shrinking) +9,653.02% (above 0%: growing) 6.82% (1.63%) Compare
WLKP Westlake Chemical Partners LP $749.3M 13.0× 14.2× −0.01% (below 0%: shrinking) −2.44% (below 0%: shrinking) +866.65% (above 0%: growing) 31.91% 29.39%
TROX Tronox Holdings PLC $574.9M — (loss-making) — (loss-making) +18.74% (above 0%: growing) n/m +241.51% (above 0%: growing) 6.34% (2.42%) Compare
RYAM Rayonier Advanced Materials Inc. $447.1M — (loss-making) — (loss-making) +10.61% (above 0%: growing) n/m +69.92% (above 0%: growing) 6.10% (1.69%) Compare
ASIX AdvanSix $414.7M — (loss-making) — (loss-making) +2.75% (above 0%: growing) −89.74% (below 0%: shrinking) −49.21% (below 0%: shrinking) 7.38% 2.15% Compare
VHI Valhi, Inc. $399.6M — (loss-making) 7.0× +16.14% (above 0%: growing) +2,500.00% (above 0%: growing) +435.16% (above 0%: growing) 22.56% 9.88% Compare
Median of peers $702.2M 10.8× 10.3× +10.86% +151.64% +155.72% 11.06% 2.19%

All 15 Chemicals stocks →

Pay and ownership Proxy statement filed 18 March 2024

Chief executive’s pay

Year Total pay Actually paid $100 invested
2023 125.60k 125.60k 114.00
2022 120.10k 120.10k 114.00
2021 116.32k 116.32k 121.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Westlake Chemical Partners LP (WLKP) Latest News

21 Oct

Impact 3 · · GlobeNewswire

9 Aug

Impact 3 · · MarketBeat transcript

4 Aug

Impact 3 · · Moby transcript

5 May

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 3 · · Business Wire

20 Apr

Impact 3 ·

25 Feb

Impact 4 · · MarketBeat

24 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
Impact 4 · · Associated Press FinanceGuruFocus.comMT Newswires
Impact 4 · · Business Wire

10 Feb

Impact 4 · · Business Wire

27 Jan

Impact 3 · · Business WireMT NewswiresSimply Wall St.Simply Wall St.Motley FoolSimply Wall St.Insider MonkeySimply Wall St.

1 Nov

Impact 3 · · Simply Wall St.

30 Oct

Impact 4 · · GuruFocus.com
Impact 4 · · Business Wire
Impact 3 · · Associated Press FinanceGuruFocus.comMT NewswiresAssociated Press FinanceMT NewswiresInsider MonkeySimply Wall St.
Impact 3 · · Business Wire

28 Oct

Impact 3 · · Business Wire

5 Aug

Impact 4 · · Associated Press Finance
Impact 4 · · Business Wire

30 Jul

Impact 3 · · Business Wire

11 Jul

Impact 3 · · Insider Monkey

3 May

Impact 4 · transcript
Impact 3 ·

2 May

Impact 4 ·
Impact 3 · · Zacks
Impact 3 · · Associated Press Finance
Impact 3 · · Business Wire
stockrow.com/WLKP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com