Companies /Basic Materials

Westlake Chemical Partners LP

NYSE: WLKP Chemicals
$21.38
▼ $0.21 (−0.97%) today
Markets closed · 12:29am ET

WLKP at a Glance

Valuation
Market cap
$761.0M
P/E ratio
13.2
Dividend yield
8.80%
Profitability
Revenue (TTM)
$1.2B
Profit margin
4.7%
EPS (TTM)
$1.64
Price
52-week range
$17 – $23
Street target
$26.00
Earnings
Next report
Oct 29, 2026

Headquartered in Houston, TX Fiscal year ends December NYSE: WLKP wlkpartners.com

About Westlake Chemical Partners

Westlake Chemical Partners LP is a limited partnership formed by Westlake Corporation to operate, acquire, and develop ethylene production facilities and other qualified assets. The Partnership owns a 22.8% interest in Westlake Chemical OpCo LP, whose assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, and an ethylene pipeline. The Partnership's revenue model is anchored by an ethylene sales agreement with Westlake Corporation, under which 95% of OpCo's ethylene production is sold to Westlake at a fixed cash margin of $0.10 per pound, net of operating costs, maintenance capital expenditures, and turnaround reserves. This structure is designed to provide stable and predictable cash flows. The remaining ethylene and co-products are sold to third parties at market prices. The Partnership trades on the New York Stock Exchange under the ticker WLKP. Updated

WLKP Coverage

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Frequently Asked Questions

What does Westlake Chemical Partners do?

Westlake Chemical Partners LP is a limited partnership formed by Westlake Corporation to operate, acquire, and develop ethylene production facilities and other qualified assets.

What is the WLKP stock price target?

The Wall Street consensus 12-month price target for WLKP is $26.00.