Westlake Chemical Partners LP WLKP Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$21.19 down $0.16, 0.75% at close Nov 6
Last close · Previous close $21.35
- Market cap
- At the Nov 6 close
- P/E ratio
- 12.69On last 12 months’ EPS
- Diluted EPS
- $1.67Last 12 months
- Dividend yield
- 8.90%Last 12 months
Price chart
$21.19down $0.40, 1.85%Past month
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$21.35Nov 5
- Volume31.99KNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume18.39KLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $17.75 to $23.88; now $21.19
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
WLKP beat the S&P 500 in 4 of 7 periods.
| Period | WLKP and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | WLKP: down 1.9% S&P 500: down 5.6% | WLKP beat the S&P 500 by 3.7 percentage points Beat |
| 3M | WLKP: up 1.4% S&P 500: down 4.1% | WLKP beat the S&P 500 by 5.5 percentage points Beat |
| YTD | WLKP: up 18.9% S&P 500: up 8.7% | WLKP beat the S&P 500 by 10.2 percentage points Beat |
| 1Y | WLKP: up 24.0% S&P 500: up 10.9% | WLKP beat the S&P 500 by 13.1 percentage points Beat |
| Long term | ||
| 3Y | WLKP: up 24.1% S&P 500: up 75.0% +7.5% vs +20.5% a year | WLKP trailed the S&P 500 by 50.9 percentage points Trailed |
| 5Y | WLKP: up 23.0% S&P 500: up 67.8% +4.2% vs +10.9% a year | WLKP trailed the S&P 500 by 44.8 percentage points Trailed |
| 10Y | WLKP: up 131.8% S&P 500: up 313.1% +8.8% vs +15.2% a year | WLKP trailed the S&P 500 by 181.3 percentage points Trailed |
$10,000 invested in WLKP 10 years ago (Nov 4, 2016) would be worth about $23,183 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
WLKP beat the S&P 500 in 4 of 7 periods.
| Period | WLKP and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | WLKP: down 1.9% S&P 500: down 5.6% | WLKP beat the S&P 500 by 3.7 percentage points Beat |
| 3M | WLKP: down 0.7% S&P 500: down 4.3% | WLKP beat the S&P 500 by 3.6 percentage points Beat |
| YTD | WLKP: up 11.5% S&P 500: up 7.8% | WLKP beat the S&P 500 by 3.7 percentage points Beat |
| 1Y | WLKP: up 13.4% S&P 500: up 9.7% | WLKP beat the S&P 500 by 3.7 percentage points Beat |
| Long term | ||
| 3Y | WLKP: down 3.8% S&P 500: up 68.8% −1.3% vs +19.1% a year | WLKP trailed the S&P 500 by 72.6 percentage points Trailed |
| 5Y | WLKP: down 18.3% S&P 500: up 56.9% −4.0% vs +9.4% a year | WLKP trailed the S&P 500 by 75.2 percentage points Trailed |
| 10Y | WLKP: up 6.2% S&P 500: up 252.6% +0.6% vs +13.4% a year | WLKP trailed the S&P 500 by 246.4 percentage points Trailed |
$10,000 invested in WLKP 10 years ago (Nov 4, 2016) would be worth about $10,622 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$33.64
Closing high on . Now 37.0% below that record.
Split-adjusted daily closes since Jul 30, 2014.
Stock splits
WLKP hasn’t split since its price history begins in 2014.
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q3 FY26, the quarter ended Sep 30, 2026. “Last 12 months” means the four quarters from Oct 1, 2025 to Sep 30, 2026, and balance-sheet figures are as of Sep 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $1.24Bup 9.4%
- Net income
- $59.17Mup 20.4%
- Diluted EPS
- $1.67up 20.1%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q4 FY24 (Dec 31, 2024) | $290.06M | $15.00M | $0.42 |
| Q1 FY25 (Mar 31, 2025) | $237.63M | $4.95M | $0.14 |
| Q2 FY25 (Jun 30, 2025) | $297.12M | $14.56M | $0.41 |
| Q3 FY25 (Sep 30, 2025) | $308.90M | $14.65M | $0.42 |
| Q4 FY25 (Dec 31, 2025) | $323.05M | $14.54M | $0.41 |
| Q1 FY26 (Mar 31, 2026) | $305.68M | $14.17M | $0.40 |
| Q2 FY26 (Jun 30, 2026) | $297.10M | $14.24M | $0.40 |
| Q3 FY26 (Sep 30, 2026) | $314.46M | $16.22M | $0.46 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $1.21B | $82.55M | $2.34 |
| FY22 (Dec 31, 2022) | $1.59B | $64.17M | $1.82 |
| FY23 (Dec 31, 2023) | $1.19B | $54.28M | $1.54 |
| FY24 (Dec 31, 2024) | $1.14B | $62.39M | $1.77 |
| FY25 (Dec 31, 2025) | $1.17B | $48.70M | $1.38 |
Margins
- Gross 31.4%
- Operating 29.0%
- Net 4.8%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $444.03MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$482.58MLast 12 months
- Capital spending$38.55MLast 12 months
- 35.8%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $0.00Last 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$66.46MLast 12 months
- Total returned$66.46MLast 12 months
15% of free cash flow
Balance sheet
- $47.65MAs of Sep 30, 2026
Cash plus short- and long-term marketable securities on the Sep 30, 2026 balance sheet.
- Total debt$399.67MAs of Sep 30, 2026
- Net debt$352.03MAs of Sep 30, 2026
- 3.52As of Sep 30, 2026
Current assets divided by current liabilities on the Sep 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 1.58As of Sep 30, 2026
Total debt divided by shareholders’ equity on the Sep 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 7 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✓Return on assets improved: passed
- ✓Operating cash flow exceeded net income: passed
- ✗Long-term debt fell relative to assets: not passed
- ✓Current ratio improved: passed
- ✗Share count didn’t rise: not passed
- ✓Gross margin improved: passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- 23.2%Last 12 months
Over the last 12 months, Westlake Chemical Partners LP’s net income was 23.2% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 4.8%Last 12 months
Over the last 12 months, Westlake Chemical Partners LP’s net income was 4.8% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $1.29 |
| 2017 | $1.44 |
| 2018 | $1.61 |
| 2019 | $1.80 |
| 2020 | $1.89 |
| 2021 | $1.89 |
| 2022 | $1.89 |
| 2023 | $1.89 |
| 2024 | $1.89 |
| 2025 | $1.89 |
| 2026 (to date) | $1.41 |
Dividend details
- $1.89Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- Dividend yield8.90%Last 12 months
- $0.47Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- unchanged a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 112.9%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline.
- Sector
- Basic Materials
- Industry
- Chemicals
- Headquarters
- Texas, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
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WLKP stock FAQ
What is WLKP stock’s price today?
Westlake Chemical Partners LP (WLKP) traded at $21.19 at the close on , down $0.16 (0.75%) from the previous close of $21.35. Over the past 52 weeks it has traded between $17.75 and $23.88.
If you invested $1,000 in WLKP 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in WLKP on would be worth about $2,318 at the close on , a total return of +131.8%. The same $1,000 would be worth $1,230 if invested five years ago and $1,240 if invested one year ago. Past performance doesn’t predict future returns.
What is WLKP’s P/E ratio?
WLKP trades at 12.7 times its diluted earnings over the four quarters to ($1.67 per share), at the close. (How the P/E ratio works.)
How much revenue does Westlake Chemical Partners LP make?
Westlake Chemical Partners LP reported $1.2 billion of revenue over the four quarters to , up 9.4% from the twelve months before. In its latest quarter (Q3 FY26, ended ) revenue was $314.5 million, up 1.8% from a year earlier.
Is Westlake Chemical Partners LP profitable?
Yes. Westlake Chemical Partners LP earned $59.2 million of net income over the four quarters to , a net margin of 4.8%, and its operating margin was 29.0% (what margins tell you).
What are WLKP’s earnings per share?
WLKP’s diluted earnings per share were $1.67 over the four quarters to , compared with $1.39 in the twelve months before. The latest quarter (Q3 FY26) brought $0.46 per share, against $0.42 a year earlier (how EPS works).
Does WLKP pay a dividend?
Yes. Westlake Chemical Partners LP pays a quarterly dividend. The most recent was $0.47 per share, with an ex-dividend date of . Over the last twelve months it paid $1.89 per share, a 8.90% yield at the close (how dividend yield works).
Based on the last 12 months’ payments ($1.89 per share), and if the next 12 months match the last 12, 100 shares would receive about $189 over 12 months, and $1,000 over 12 months would take about 531 shares, roughly $11,252 at the close. Dividends can change.
What is WLKP’s 52-week high and low?
Over the past 52 weeks WLKP has traded as low as $17.75 and as high as $23.88. At $21.19 at the close on , it is 11.3% below that high and 19.4% above the low.
What is WLKP’s all-time high?
WLKP’s highest closing price was $33.64 on , adjusted for stock splits. At $21.19 at the close on , it is 37.0% below that record.
Has WLKP stock ever split?
No. WLKP hasn’t split since its price history begins in 2014.
How has WLKP stock performed?
Including dividends and measured to the close on , WLKP has returned +18.9% so far this year and +24.0% over the past year, and +23.0% over five years (+4.2% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Westlake Chemical Partners LP in?
Westlake Chemical Partners LP is in the Basic Materials sector and the Chemicals industry, and is headquartered in Texas, USA.
What exchange does WLKP trade on?
Westlake Chemical Partners LP trades on the NYSE under the ticker symbol WLKP. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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