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Westlake Chemical Partners LP (WLKP)


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Upturn Advisory Summary
10/15/2025: WLKP (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $25.5
1 Year Target Price $25.5
1 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -4.15% | Avg. Invested days 48 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 717.10M USD | Price to earnings Ratio 13.66 | 1Y Target Price 25.5 |
Price to earnings Ratio 13.66 | 1Y Target Price 25.5 | ||
Volume (30-day avg) 2 | Beta 0.69 | 52 Weeks Range 19.92 - 24.02 | Updated Date 10/17/2025 |
52 Weeks Range 19.92 - 24.02 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 9.14% | Basic EPS (TTM) 1.49 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.78% | Operating Margin (TTM) 30.71% |
Management Effectiveness
Return on Assets (TTM) 16.35% | Return on Equity (TTM) 38.37% |
Valuation
Trailing PE 13.66 | Forward PE 12 | Enterprise Value 1110152387 | Price to Sales(TTM) 0.65 |
Enterprise Value 1110152387 | Price to Sales(TTM) 0.65 | ||
Enterprise Value to Revenue 1.01 | Enterprise Value to EBITDA 2.44 | Shares Outstanding 35238556 | Shares Floating 19253290 |
Shares Outstanding 35238556 | Shares Floating 19253290 | ||
Percent Insiders 44.84 | Percent Institutions 29.4 |
Upturn AI SWOT
Westlake Chemical Partners LP

Company Overview
History and Background
Westlake Chemical Partners LP (WLKP) was formed in 2014 by Westlake Chemical Corporation (WLK). It focuses on owning, operating, and acquiring ethylene production facilities.
Core Business Areas
- Ethylene Production: WLKP focuses on producing ethylene, a key petrochemical building block used to create various plastics and chemical products.
Leadership and Structure
The company's general partner is Westlake Chemical Partners GP LLC, which is an indirect subsidiary of Westlake Chemical Corporation. Albert Chao is the Chairman and CEO of Westlake Chemical Corporation.
Top Products and Market Share
Key Offerings
- Ethylene: WLKP's primary product is ethylene. The market share for ethylene is fragmented, with many large producers. WLKP benefits from a long-term supply agreement with Westlake Chemical Corporation. Competitors: Dow, LyondellBasell, ExxonMobil.
Market Dynamics
Industry Overview
The petrochemical industry is highly cyclical and influenced by global economic conditions, feedstock prices (especially natural gas), and demand for plastics and other chemical derivatives.
Positioning
WLKP is positioned as a stable, fee-based ethylene supplier to Westlake Chemical Corporation. This relationship provides a relatively predictable revenue stream.
Total Addressable Market (TAM)
The global ethylene market is estimated to be worth hundreds of billions of dollars. WLKP focuses on a specific segment through its relationship with WLK. It is not directly related to all aspects of the TAM.
Upturn SWOT Analysis
Strengths
- Stable, fee-based revenue stream from Westlake Chemical Corporation
- Long-term ethylene supply agreement
- Operational expertise from Westlake Chemical Corporation
Weaknesses
- Dependence on Westlake Chemical Corporation
- Limited diversification
- Exposure to ethylene price fluctuations, despite supply agreement
Opportunities
- Potential expansion of ethylene production capacity
- Acquisition of additional petrochemical assets
- Growth in demand for ethylene derivatives
Threats
- Downturns in the petrochemical industry
- Increased competition from other ethylene producers
- Changes in environmental regulations
Competitors and Market Share
Key Competitors
- DOW
- LYB
- XOM
- CC
- CE
Competitive Landscape
WLKP has a unique position due to its relationship with Westlake Chemical Corporation. It benefits from stable demand, but also faces competition from larger, more diversified petrochemical companies. Limited information on the market share of WLKP, the 1.5% is a guess based on revenue.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to expansions in ethylene production capacity and demand.
Future Projections: Future projections depend on the growth of the broader chemical industry and WLKP's ability to secure new projects or acquisitions.
Recent Initiatives: Recent initiatives would involve operational improvements or strategic decisions to increase efficiency and production.
Summary
Westlake Chemical Partners LP relies on a long-term agreement with Westlake Chemical Corporation, providing stable revenue through ethylene production. The company's performance depends heavily on the broader petrochemical industry and the financial health of Westlake Chemical Corporation. Diversification is limited, and fluctuating feedstock prices can create challenges. While the supply agreement provides stability, monitoring industry trends and potential regulatory changes is crucial.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions are constantly changing and this analysis is based on data available at the time of writing.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Westlake Chemical Partners LP
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 2014-07-30 | President, CEO & Director Mr. Jean-Marc Gilson | ||
Sector Basic Materials | Industry Chemicals | Full time employees - | Website https://www.wlkpartners.com |
Full time employees - | Website https://www.wlkpartners.com |
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities which primarily convert ethane into ethylene. It also sells ethylene co-products, such as 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. Westlake Chemical Partners LP was founded in 1991 and is headquartered in Houston, Texas.

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