WLKP Stock Price, Westlake Chemical Partners LP Quote, Chart

Market Summary

USD22.29+0.06

Delayed

0.27%

WLKP Alerts

1 major insider buys recently.

Big fall in earnings (Y/Y)

WLKP Stock Price

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WLKP RSI Chart

WLKP Valuation

Market Cap

785.2M

Price/Earnings (Trailing)

16.49

Price/Sales (Trailing)

0.67

EV/EBITDA

1.64

Price/Free Cashflow

2.14

WLKP Price/Sales (Trailing)

WLKP Profitability

EBT Margin

28.57%

Return on Assets

3.68%

Free Cashflow Yield

46.84%

WLKP Fundamentals

WLKP Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

-7.48%

Rev. Growth (Qtr)

-4.24%

WLKP Earnings

Earnings (TTM)

47.6M

Earnings Growth (Yr)

-83.78%

Earnings Growth (Qtr)

126.64%

Breaking Down WLKP Revenue

Last 7 days

-0.5%

Last 30 days

2.5%

Last 90 days

-0.1%

Trailing 12 Months

3.9%

How does WLKP drawdown profile look like?

WLKP Financial Health

Current Ratio

5.21

WLKP Investor Care

Shares Dilution (1Y)

0.02%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.2B	0	0	0
2023	1.5B	1.4B	1.3B	1.2B
2022	1.3B	1.4B	1.6B	1.6B
2021	984.3M	1.1B	1.1B	1.2B
2020	1.0B	1.0B	993.8M	966.7M
2019	1.3B	1.3B	1.2B	1.1B
2018	1.2B	1.2B	1.3B	1.3B
2017	1.0B	1.1B	1.2B	1.2B
2016	1.0B	960.6M	941.3M	986.7M
2015	1.4B	1.2B	1.0B	1.0B
2014	0	0	0	1.7B
2013	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Westlake Chemical Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 08, 2024	kenner andrew	bought	221,000	22.1	10,000	svp, olefin material & corp pr
Mar 28, 2024	kenner andrew	bought	111,150	22.23	5,000	svp, olefin material & corp pr
Mar 21, 2024	kenner andrew	bought	93,736	22.16	4,230	svp, olefin material & corp pr
Mar 06, 2024	kenner andrew	bought	111,500	22.3	5,000	svp, olefin material & corp pr
Feb 22, 2024	kenner andrew	bought	221,160	22.116	10,000	svp, olefin material & corp pr
Nov 09, 2023	kenner andrew	bought	107,400	21.48	5,000	svp, olefin material & corp pr
Nov 06, 2023	kenner andrew	bought	220,180	22.018	10,000	svp, olefin material & corp pr
Aug 29, 2023	kenner andrew	bought	227,380	22.738	10,000	svp, olefin material & corp pr
Aug 22, 2023	kenner andrew	bought	262,304	22.301	11,762	svp, olefin material & corp pr
Aug 21, 2023	kenner andrew	bought	14,216	22.11	643	svp, olefin material & corp pr

Which funds bought or sold WLKP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	MORGAN STANLEY	reduced	-4.88	-106,457	4,207,280	-%
May 15, 2024	SCOPUS ASSET MANAGEMENT, L.P.	new	-	1,575,960	1,575,960	0.03%
May 15, 2024	Hilltop Holdings Inc.	reduced	-1.61	5,230	594,738	0.06%
May 15, 2024	SHAPIRO CAPITAL MANAGEMENT LLC	unchanged	-	9,570	386,280	0.01%
May 15, 2024	EAGLE GLOBAL ADVISORS LLC	unchanged	-	24,131	973,981	0.06%
May 15, 2024	Royal Bank of Canada	unchanged	-	1,000	74,000	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	1.28	114,894	3,098,630	-%
May 15, 2024	CITADEL ADVISORS LLC	reduced	-30.19	-299,088	753,557	-%
May 15, 2024	Mariner, LLC	reduced	-35.17	-149,611	296,747	-%
May 15, 2024	Energy Income Partners, LLC	reduced	-3.37	-413,289	44,657,900	0.91%

Are Funds Buying or Selling WLKP?

Are funds buying WLKP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WLKP

No. of Funds

Unveiling Westlake Chemical Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	energy income partners, llc	5.9%	2,081,811	SC 13G/A
Feb 14, 2024	ttwf lp	40.1%	14,122,230	SC 13D/A
Feb 12, 2024	invesco ltd.	14.9%	5,264,187	SC 13G/A
Feb 07, 2024	first trust portfolios lp	4.57%	1,608,700	SC 13G/A
Feb 14, 2023	energy income partners, llc	7.0%	2,480,730	SC 13G/A
Feb 10, 2023	invesco ltd.	15.5%	5,451,790	SC 13G/A
Jan 23, 2023	wpt llc	40.10%	14,122,230	SC 13G/A
Jan 11, 2023	first trust portfolios lp	5.37%	1,891,502	SC 13G/A
Feb 14, 2022	energy income partners, llc	7.0%	2,456,905	SC 13G/A
Feb 11, 2022	invesco ltd.	16.6%	5,834,104	SC 13G/A

Recent SEC filings of Westlake Chemical Partners LP

View All Filings

Date Filed	Form Type	Document
May 14, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	S-8 POS	Employee Benefits Plan
May 09, 2024	3	Insider Trading
May 08, 2024	8-K	Current Report
May 02, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 01, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading

Westlake Chemical Partners LP News

Latest updates

Westlake Chemical Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-4.2%	285	297	322	264	308	367	415	449	362	330	294	322	268	246	232	239	251	273	250	270	299
Gross Profit	1.5%	102	101	93.00	88.00	106	98.00	90.00	97.00	91.00	147	76.00	131	88.00	85.00	100	90.00	104	104	93.00	92.00	91.00
S&GA Expenses	-10.0%	7.00	8.00	7.00	7.00	8.00	3.00	9.00	10.00	8.00	6.00	8.00	8.00	9.00	7.00	6.00	6.00	6.00	8.00	7.00	8.00	7.00
EBITDA Margin	1.9%	0.38*	0.37*	0.36*	0.33*	0.30*	0.29*	0.32*	0.34*	0.40*	0.42*	0.40*	0.44*	0.44*	-	-	-	-	-	-	-	-
Income Taxes	1.9%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.10	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Before Taxes	3.0%	90.00	87.00	81.00	75.00	92.00	91.00	79.00	85.00	81.00	139	66.00	121	77.00	75.00	92.00	81.00	94.00	92.00	83.00	80.00	79.00
EBT Margin	1.4%	0.29*	0.28*	0.27*	0.25*	0.23*	0.21*	0.25*	0.26*	0.31*	0.33*	0.30*	0.34*	0.33*	-	-	-	-	-	-	-	-
Net Income	126.6%	15.00	-55.67	13.00	75.00	91.00	-49.53	15.00	84.00	81.00	-48.82	13.00	120	77.00	15.00	19.00	80.00	94.00	17.00	15.00	14.00	15.00
Net Income Margin	-60.9%	0.04*	0.10*	0.10*	0.10*	0.09*	0.08*	0.08*	0.09*	0.13*	0.13*	0.20*	0.22*	0.19*	-	-	-	-	-	-	-	-
Free Cashflow	0.0%	95.00	95.00	84.00	94.00	132	114	102	109	84.00	-20.82	88.00	117	143	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.7%	1,295	1,317	1,342	1,336	1,343	1,372	1,431	1,462	1,454	1,481	1,361	1,402	1,357	1,356	1,382	1,369	1,383	1,393	1,407	1,411	1,631
Current Assets	-0.8%	224	226	231	221	232	246	284	302	275	281	291	337	279	263	278	246	242	238	237	222	429
Cash Equivalents	-4.9%	56.00	59.00	66.00	59.00	105	65.00	19.00	18.00	19.00	17.00	19.00	18.00	17.00	17.00	23.00	24.00	24.00	20.00	19.00	17.00	85.00
Inventory	9.7%	5.00	4.00	4.00	3.00	5.00	5.00	5.00	7.00	8.00	9.00	7.00	5.00	3.00	3.00	2.00	2.00	2.00	2.00	4.00	4.00	4.00
Net PPE	-1.8%	927	944	959	963	977	990	1,007	1,017	1,031	1,044	1,022	1,030	1,039	1,051	1,061	1,077	1,092	1,103	1,113	1,129	1,138
Goodwill	0%	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Liabilities	-3.0%	447	461	480	468	453	468	479	493	478	508	456	450	444	441	443	433	433	441	444	439	651
Current Liabilities	-23.5%	43.00	56.00	76.00	66.00	51.00	67.00	78.00	92.00	454	107	55.00	49.00	43.00	40.00	42.00	31.00	31.00	39.00	41.00	36.00	47.00
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	35.00	-	-	-	35.00	-	-	-	34.00	-	-	32.00
Float	-	-	-	-	420	-	-	-	483	-	-	-	521	-	-	-	367	-	-	-	474	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-2.9%	105	108	101	99.00	145	123	115	121	105	22.00	99.00	132	155	33.00	117	113	111	116	121	100	113
Cashflow From Investing	57.2%	-9.77	-22.84	-6.81	-46.51	0.00	62.00	-19.12	-29.99	-25.34	47.00	15.00	-49.54	-76.62	60.00	-28.57	-18.61	-10.99	-11.72	-28.45	122	-139
Cashflow From Financing	-6.1%	-97.65	-92.08	-87.68	-97.18	-105	-139	-95.27	-91.73	-77.29	-70.51	-113	-81.79	-78.65	-98.90	-88.87	-94.61	-95.81	-102	-91.86	-289	91.00

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WLKP Income Statement

2024-03-31

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Total net sales	$ 284,673	$ 307,677
Cost of sales	182,493	201,604
Gross profit	102,180	106,073
Selling, general and administrative expenses	7,077	7,914
Income from operations	95,103	98,159
Other income (expense)
Other income, net	1,334	820
Income before income taxes	89,856	91,664
Provision for income taxes	210	212
Net income	89,646	91,452
Less: Net income attributable to noncontrolling interest in OpCo	74,813	76,560
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income	$ 14,833	$ 14,892
Net income per limited partner unit attributable to Westlake Chemical Partners LP (basic and diluted)
Weighted average limited partner units outstanding (basic and diluted) (in units)	35,228,134	35,221,868
Common units
Other income (expense)
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income	$ 14,833	$ 14,892
Net income per limited partner unit attributable to Westlake Chemical Partners LP (basic and diluted)
Common units (in usd per share)	$ 0.42	$ 0.42
Diluted (in usd per share)	$ 0.42	$ 0.42
Weighted average limited partner units outstanding (basic and diluted) (in units)	35,228,134	35,221,868
Common units \| Westlake
Net income per limited partner unit attributable to Westlake Chemical Partners LP (basic and diluted)
Weighted average limited partner units outstanding (basic and diluted) (in units)	14,122,230	14,122,230
Publicly and Privately Held \| Common units
Net income per limited partner unit attributable to Westlake Chemical Partners LP (basic and diluted)
Weighted average limited partner units outstanding (basic and diluted) (in units)	21,105,904	21,099,638
Affiliated Entity
Net co-products, ethylene and other sales—third parties	$ 235,209	$ 257,471
Affiliated Entity \| Westlake
Selling, general and administrative expenses	6,099	6,671
Other income (expense)
Interest expense	(6,581)	(7,315)
Nonrelated Party
Net co-products, ethylene and other sales—third parties	$ 49,464	$ 50,206

WLKP Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 55,760	$ 58,619
Receivable under the Investment Management Agreement—Westlake Corporation ("Westlake")	94,477	94,444
Receivables, Net, Current	27,228	18,701
Inventories	4,860	4,432
Prepaid expenses and other current assets	257	442
Total current assets	224,348	226,203
Property, plant and equipment, net	926,813	943,843
Goodwill	5,814	5,814
Deferred charges and other assets, net	138,101	140,982
Total assets	1,295,076	1,316,842
Current liabilities
Accrued and other liabilities	19,801	24,980
Total current liabilities	43,083	56,335
Deferred income taxes	1,664	1,632
Other liabilities	2,410	2,951
Total liabilities	446,831	460,592
Commitments and contingencies (Note 12)
EQUITY
Total Westlake Chemical Partners LP partners' capital	278,160	279,934
Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo")	570,085	576,316
Total equity	848,245	856,250
Total liabilities and equity	1,295,076	1,316,842
Publicly and Privately Held \| Common units
EQUITY
Common unitholders	472,450	473,513
Westlake
EQUITY
General partner—Westlake	(242,572)	(242,572)
Westlake \| Common units
EQUITY
Common unitholders	48,282	48,993
Affiliated Entity
Current assets
Accounts receivable, net	41,766	49,565
Current liabilities
Accounts payable	8,439	15,166
Affiliated Entity \| Westlake
Current liabilities
Long-term debt payable to Westlake	399,674	399,674
Nonrelated Party
Current assets
Receivables, Net, Current	27,228	18,701
Current liabilities
Accounts payable	$ 14,843	$ 16,189

About Westlake Chemical Partners LP

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 founded in 1991 and is headquartered in Houston, Texas.

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CEO	Mr. Albert Yuan Chao
WEBSITE	wlkpartners.com
INDUSTRY	Chemicals

Westlake Chemical Partners LP Frequently Asked Questions

What is the ticker symbol for Westlake Chemical Partners LP? What does WLKP stand for in stocks?

WLKP is the stock ticker symbol of Westlake Chemical Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Westlake Chemical Partners LP (WLKP)?

As of Fri May 17 2024, market cap of Westlake Chemical Partners LP is 785.24 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WLKP stock?

You can check WLKP's fair value in chart for subscribers.

What is the fair value of WLKP stock?

You can check WLKP's fair value in chart for subscribers. The fair value of Westlake Chemical Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Westlake Chemical Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WLKP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Westlake Chemical Partners LP a good stock to buy?

The fair value guage provides a quick view whether WLKP is over valued or under valued. Whether Westlake Chemical Partners LP is cheap or expensive depends on the assumptions which impact Westlake Chemical Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WLKP.

What is Westlake Chemical Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, WLKP's PE ratio (Price to Earnings) is 16.49 and Price to Sales (PS) ratio is 0.67. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WLKP PE ratio will change depending on the future growth rate expectations of investors.