Westlake Chemical Partners
Operating U.S. ethylene plants and a dedicated pipeline through OpCo.
Something off on this page? Send us feedback.
Profile
Operates a concentrated U.S. ethylene production platform through Westlake Chemical OpCo LP. The listed partnership was formed by Westlake and remains structurally dependent on that sponsor-led operating relationship.
Produces ethylene through three U.S. facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, alongside an ethylene pipeline. The business sells a single product line, ethylene, from an asset base concentrated in those two locations. Houston serves as the partnership's headquarters.
Business operations are conducted through Westlake Chemical OpCo LP, a partnership between Westlake Corporation and WLKP. Formed by Westlake in 2014 to operate, acquire and develop ethylene facilities and related assets, the listed limited partnership remains structurally tied to its sponsor. The operational relationship with Westlake is a disclosed dependency.
Company facts
Categories
Key statistics
Year to date +14.2% · Average volume (30d) 35.1K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.41 | $0.40 | −2.4% | $537.0M | $297.1M | −44.7% | +0.14% |
| May 5, 2026Q1 FY26 | $0.43 | $0.40 | −7.0% | $522.0M | $305.7M | −41.4% | +3.90% |
| Feb 24, 2026Q4 FY25 | $0.38 | $0.41 | +8.2% | $313.0M | $323.0M | +3.2% | −0.32% |
| Oct 30, 2025Q3 FY25 | $0.43 | $0.42 | −2.3% | $303.0M | $308.9M | +1.9% | −0.47% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $237.6M | $297.1M | $308.9M | $323.0M | $305.7M | $297.1M | |
| Gross profit | $54.1M | $97.5M | $99.4M | $96.8M | $93.8M | $94.8M | |
| Operating income | $46.6M | $91.2M | $92.0M | $89.8M | $86.6M | $87.3M | |
| Net income | $4.9M | $14.6M | $14.7M | $14.5M | $14.2M | $14.2M | |
| Diluted EPS | $0.14 | $0.41 | $0.42 | $0.41 | $0.40 | $0.40 | |
| Gross margin | 22.8% | 32.8% | 32.2% | 30.0% | 30.7% | 31.9% | |
| Operating margin | 19.6% | 30.7% | 29.8% | 27.8% | 28.3% | 29.4% |
Fiscal years (4-quarter sums)FY21 $1.21B · FY22 $1.59B · FY23 $1.19B · FY24 $1.14B · FY25 $1.17B
Balance sheet, Jun 30, 2026Cash & short-term investments $49.3M · Total debt $399.7M · Total assets $1.22B · Shareholders' equity $253.7M
Dividends
Raised for 10 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2026 | Aug 13 | Aug 28 | $0.4714 | |
| May 14, 2026 | May 14 | Jun 1 | $0.4714 | |
| Feb 6, 2026 | Feb 6 | Feb 23 | $0.4714 | |
| Nov 10, 2025 | Nov 10 | Nov 26 | $0.4714 | |
| Aug 12, 2025 | Aug 12 | Aug 27 | $0.4714 | |
| May 13, 2025 | May 13 | May 29 | $0.4714 | |
| Feb 7, 2025 | Feb 7 | Feb 25 | $0.4714 | |
| Nov 12, 2024 | Nov 12 | Nov 27 | $0.4714 |
Ownership
Shares outstanding 35.25M · Float 19.63M · 55.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Invesco Ltd. | 4.97M | 14.11% | 13F | May 12, 2026 |
| Energy Income Partners, LLC | 1.58M | 4.49% | 13F | May 15, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 691.8K | 1.96% | 13F | May 15, 2026 |
| Clearbridge Investments, LLC | 633.6K | 1.80% | 13F | May 13, 2026 |
| UBS Group AG | 457.7K | 1.30% | 13F | May 5, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2025 | Jean-Marc Gilson | director, officer: President and CEO | +95 | $21.25 |
Peers
- Dow
Large U.S. ethylene capacity in the same olefins supply market
- LyondellBasell
U.S. olefins producer with crackers across Texas, Illinois and Iowa
- ExxonMobil
Baytown ethylene output from one of the world's largest olefins plants
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Westlake Chemical Partners | $21.63 | −0.05% | $762.4M | 13.3 | 9.2 | 0.6 | −0.0% |
| Dow | $30.50 | −0.02% | $22.04B | — | 12.2 | 0.5 | +19.7% |
| LyondellBasell | $63.72 | +0.07% | $20.55B | — | 7.8 | 0.7 | +19.8% |
| ExxonMobil | $156.80 | +0.08% | $649.44B | 20.2 | 13.2 | 1.8 | +46.0% |
| Median | 20.2 | 12.2 | 0.7 | +19.8% |