# Westlake Chemical Partners LP (WLKP)

> Source: Nexqual · https://nexqual.com/WLKP · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Westlake Chemical Partners LP (WLKP), nexqual.com/WLKP" · informational, not investment advice.

**Price:** USD 20.84 (-0.38% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 20.92 · day 20.84–21.2 · 52w 17.75–23.88 · market cap $735M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.23B, net income $57.6M (4.7% margin), free cash flow $409M (SEC filings).
- Valuation: P/E 12.8x.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (1 analysts), mean target USD 26 (range 26–26).
- Total return with dividends: 1Y +12.0% vs S&P 500 +18.1%; 5Y +22.7% vs S&P 500 +85.1%.
- Next earnings: 2026-10-29, EPS estimate USD 0.35, revenue estimate $336M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.59B | $1.19B | $1.14B | $1.17B | $1.23B |
| Gross profit | $442M | $377M | $387M | $419M | $348M | — |
| Operating income | $411M | $348M | $358M | $390M | $320M | $356M |
| Net income | $82.5M | $64.2M | $54.3M | $62.4M | $48.7M | $57.6M |
| Free cash flow | $327M | $410M | $405M | $436M | $202M | $409M |
| Gross margin | 36.4% | 23.7% | 32.5% | 36.9% | 29.8% | — |
| Operating margin | 33.8% | 21.8% | 30.0% | 34.4% | 27.4% | 28.8% |
| Net margin | 6.8% | 4.0% | 4.6% | 5.5% | 4.2% | 4.7% |
| Revenue growth | +25.7% | +31.1% | -25.3% | -4.6% | +2.7% | — |
| Cash + short-term investments | $17.1M | $64.8M | $58.6M | $58.3M | $44.3M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 12.8x · P/S 0.6x · P/FCF 1.8x · FCF yield 55.70% · Earnings yield 7.84%

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 1 analysts; mean target USD 26 (low 26, high 26).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +12.0% | +22.7% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +12.0% | +4.2% |
| Volatility (annualized) | 18.3% | 18.4% |
| Max drawdown | -9.9% (Oct 2025→Nov 2025) | -25.9% (Apr 2022→Sep 2022) |

## Peers (Chemicals)
BAK (Braskem SA) USD 1.81 -3.21% · LXU (LSB Industries, Inc.) USD 10.46 +2.25% · TROX (Tronox Holdings plc) USD 3.54 +1.14% · GPRE (Green Plains, Inc.) USD 14.29 -8.28% · RYAM (Rayonier Advanced Materials Inc) USD 7.11 -2.87% · ASIX (AdvanSix Inc.) USD 16.5 -0.78%

## More
Full page: https://nexqual.com/WLKP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt