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Market Cap 803.76M P/E 12.82 EPS this Y 5.20% Ern Qtrly Grth 21.40%
Income 56.77M Forward P/E 11.30 EPS next Y 5.60% 50D Avg Chg 3.00%
Sales 1.19B PEG 8.28 EPS past 5Y -2.67% 200D Avg Chg 1.00%
Dividend 8.00% Price/Book 1.51 EPS next 5Y 1.67% 52W High Chg -13.00%
Recommedations 2.30 Quick Ratio 4.57 Shares Outstanding 35.23M 52W Low Chg 23.00%
Insider Own 44.85% ROA 17.52% Shares Float 19.21M Beta 1.07
Inst Own 33.83% ROE 40.59% Shares Shorted/Prior 110.75K/123.20K Price 22.82
Gross Margin 33.43% Profit Margin 4.78% Avg. Volume 36,150 Target Price 25.33
Oper. Margin 32.95% Earnings Date Oct 31 Volume 65,680 Change -0.09%
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, 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.

Westlake Chemical Partners LP News
11/06/24 Westlake Chemical Partners LP (WLKP) Q3 2024 Earnings Call Highlights: Strong Financial ...
11/05/24 Here's What Key Metrics Tell Us About Westlake (WLK) Q3 Earnings
11/05/24 Westlake Chemical (WLK) Lags Q3 Earnings and Revenue Estimates
11/05/24 Westlake Chemical Partners: Q3 Earnings Snapshot
11/05/24 Westlake: Q3 Earnings Snapshot
11/05/24 Westlake Chemical Partners LP Announces Third Quarter 2024 Results
10/31/24 Exploring Analyst Estimates for Westlake (WLK) Q3 Earnings, Beyond Revenue and EPS
10/30/24 Westlake Chemical Partners LP Announces Third Quarter 2024 Distribution
10/29/24 Analysts Estimate Westlake Chemical (WLK) to Report a Decline in Earnings: What to Look Out for
10/22/24 Westlake Chemical Partners Announce Third Quarter 2024 Earnings Conference Call
09/05/24 Westlake (WLK) Down 4.1% Since Last Earnings Report: Can It Rebound?
08/06/24 Compared to Estimates, Westlake (WLK) Q2 Earnings: A Look at Key Metrics
08/06/24 Westlake Chemical (WLK) Surpasses Q2 Earnings and Revenue Estimates
08/06/24 Westlake: Q2 Earnings Snapshot
08/06/24 Westlake Chemical Partners: Q2 Earnings Snapshot
08/06/24 Westlake Chemical Partners LP Announces Second Quarter 2024 Results
08/01/24 What Analyst Projections for Key Metrics Reveal About Westlake (WLK) Q2 Earnings
07/30/24 Westlake Chemical Partners LP Announces Second Quarter 2024 Distribution
07/30/24 Westlake Chemical (WLK) Expected to Beat Earnings Estimates: Should You Buy?
07/23/24 Westlake Chemical Partners Announce Second Quarter 2024 Earnings Conference Call
WLKP Chatroom

User Image DonCorleone77 Posted - 2 weeks ago

$WLKP Westlake Chemical Partners reports Q3 EPS 51c, consensus 36c Reports Q3 revenue $277M vs. $321.66M last year. "We are pleased with the Partnership's performance for the third quarter of 2024. During the quarter, third-party ethylene sales prices and margins improved to their highest quarterly average in years, in part due to weather events and production outages at other producers. In an effort to better capture these attractive third-party margins we opportunistically made the decision to defer the planned turnaround at our Petro 1 ethylene unit to Q1 of 2025 while also shifting third-party sales volumes planned for later in the year into the third quarter. As a result, we were pleased with the improvement in our third quarter distributable cash flow compared to recent quarters," said CEO Jean-Marc Gilson. "Looking ahead to the remainder of 2024, with most of our planned third-party ethylene sales volumes for the year already booked, and as maintenance capital spending increases to support the upcoming Petro 1 turnaround in early 2025, we expect some moderation in our distributable cash flow in Q4. However, the improved outlook for third-party ethylene margins and continued execution of our ethylene sales contract with Westlake position us well for continued predictable cash flow and distributions to our unitholders, which we have demonstrated since our IPO ten years ago."

User Image CEOBuysDisclosures Posted - 2 months ago

$WLKP CEO purchased 1,000 shares at $22.83 for a total of $22,830. Gilson Jean-Marc now owns 3,927 shares. https://ceo-buys.com

User Image value420 Posted - 08/29/24

$WLKP rate cuts will be great for this leveraged high yielder

User Image CEOBuysDisclosures Posted - 08/28/24

$WLKP CEO purchased 2,000 shares at $22.92 for a total of $45,843. Gilson Jean-Marc now owns 2,927 shares. https://ceo-buys.com

User Image CEOBuysDisclosures Posted - 08/26/24

$WLKP CEO purchased 927 shares at $22.75 for a total of $21,090. Gilson Jean-Marc now owns 927 shares. https://ceo-buys.com

User Image TheOriginalBagHolder Posted - 3 months ago

$WLKP Great ER August 6th. 2Q 2024 vs. 2Q 2023: Net income up $2.5M Cash flow from operations up $23.4M Great chart. Breakout at $22.80-$22.85. Waiting for pocket pivot.

User Image insiderbuyingselling Posted - 3 months ago

$WLKP new insider buying: 2692 shares. http://insiderbuyingselling.com/?t=WLKP

User Image epsguid Posted - 3 months ago

$WLKP reported earnings of $0.41, consensus was $0.45 via @eWhispers #epsmiss http://eps.sh/d/wlkp

User Image Stock_Titan Posted - 3 months ago

$WLKP $WLK Westlake Chemical Partners LP Announces Second Quarter 2024 Results https://www.stocktitan.net/news/WLKP/westlake-chemical-partners-lp-announces-second-quarter-2024-gss18t9ov4ik.html

User Image NVDAMillionaire Posted - 07/31/24

$WLKP Westlake Chemical Partners LP (WLKP): Consistent Cash Flows Driving Reliable Distributions http://beyondspx.com/2024/07/30/westlake-chemical-partners-lp-wlkp-consistent-cash-flows-driving-reliable-distributions/

User Image Stock_Titan Posted - 07/30/24

$WLKP $WLK Westlake Chemical Partners LP Announces Second Quarter 2024 Distribution https://www.stocktitan.net/news/WLKP/westlake-chemical-partners-lp-announces-second-quarter-2024-j16l8l4el8bn.html

User Image Stock_Titan Posted - 07/23/24

$WLKP $WLK Westlake Chemical Partners Announce Second Quarter 2024 Earnings Conference Call https://www.stocktitan.net/news/WLKP/westlake-chemical-partners-announce-second-quarter-2024-earnings-nnyr1o3n0bb4.html

User Image Stock_Titan Posted - 4 months ago

$WLK $WLKP Westlake Implements Succession Plan https://www.stocktitan.net/news/WLK/westlake-implements-succession-maqh2jb1fbd3.html

User Image cold_beef_cake Posted - 05/31/24

$WLKP I'm not used to seeing WLKP move 5% up in a day. I bought a few K shares in 2020, a small position, but it has been a true set it and forget it. ❤️

User Image DeezNutz4sale Posted - 05/24/24

$WLKP nice breakout chart looking good. Wish it stayed down longer to add more long term hold for divvy portfolio. This company is a moat. Try getting PVC anywhere else during COVID, only this company was in production.

User Image epsguid Posted - 6 months ago

$WLKP reported earnings of $0.42, consensus was $0.43 via @eWhispers #epsmiss http://eps.sh/d/wlkp

User Image DonCorleone77 Posted - 6 months ago

$WLKP Westlake Chemical Partners reports Q1 EPS 42c, consensus 45c Reports Q1 revenue $284.67M vs. $307.68M. "Our Q1 of 2024 results were consistent with our performance in recent quarters due in large part to the stability provided by our ethylene supply agreement with Westlake. During Q1, OpCo's ethylene units ran well and third-party ethylene margins improved modestly due to lower feedstock and energy costs, which allowed us to opportunistically increase our third-party sales volume," said CEO Albert Chao. "We are constructive on our outlook for the remainder of 2024 as demand from downstream ethylene derivative products is relatively stable and feedstock and energy costs remain at levels supporting third-party ethylene margin improvement."

User Image Stock_Titan Posted - 6 months ago

$WLKP $WLK Westlake Chemical Partners LP Announces First Quarter 2024 Results https://www.stocktitan.net/news/WLKP/westlake-chemical-partners-lp-announces-first-quarter-2024-nerqrnv6be2o.html

User Image Stock_Titan Posted - 04/30/24

$WLKP $WLK Westlake Chemical Partners LP Announces First Quarter 2024 Distribution https://www.stocktitan.net/news/WLKP/westlake-chemical-partners-lp-announces-first-quarter-2024-3wlbqh298rsm.html

User Image Avocado_smash Posted - 7 months ago

HIGHEST YIELD DIVIDEND (10): $BHR $VTS $WLKP $FDUS $USAC

User Image Stock_Titan Posted - 7 months ago

$WLKP $WLK Westlake Chemical Partners Announce First Quarter 2024 Earnings Conference Call https://www.stocktitan.net/news/WLKP/westlake-chemical-partners-announce-first-quarter-2024-earnings-0c02mozq3wvt.html

User Image insiderbuyingselling Posted - 7 months ago

$WLKP new insider buying: 5000 shares. http://insiderbuyingselling.com/?t=WLKP

User Image insiderbuyingselling Posted - 03/25/24

$WLKP new insider buying: 4230 shares. http://insiderbuyingselling.com/?t=WLKP

User Image Avocado_smash Posted - 03/23/24

$NEP $DKL $WLKP $MPLX $ET Energy Infrastructure High Yield https://www.buymeacoffee.com/avocadosmash/posts

User Image Stock_Titan Posted - 8 months ago

$WLKP $WLK Westlake Chemical Partners Provides 2023 Tax Information https://www.stocktitan.net/news/WLKP/westlake-chemical-partners-provides-2023-tax-oi1g5byab5e1.html

User Image xtremdelt8 Posted - 8 months ago

$WLKP Anyone else unable to file taxes due to the K-1 delay here?

User Image insiderbuyingselling Posted - 8 months ago

$WLKP new insider buying: 5000 shares. http://insiderbuyingselling.com/?t=WLKP

User Image Stock_Titan Posted - 02/28/24

$WLKP $WLK Westlake Chemical Partners LP Filed Annual Report https://www.stocktitan.net/news/WLKP/westlake-chemical-partners-lp-filed-annual-uhg4beu9kez7.html

User Image Stock_Titan Posted - 02/27/24

$WLKP $WLK Westlake Chemical Partners Provides Update about Tax Information https://www.stocktitan.net/news/WLKP/westlake-chemical-partners-provides-update-about-tax-yy0xfrfzlnd7.html

User Image insiderbuyingselling Posted - 02/26/24

$WLKP new insider buying: 10000 shares. http://insiderbuyingselling.com/?t=WLKP

Analyst Ratings
Deutsche Bank Buy May 22, 23
Deutsche Bank Buy Feb 23, 23
Deutsche Bank Buy Nov 18, 22
Deutsche Bank Buy May 16, 22
Barclays Overweight May 9, 22
Deutsche Bank Buy Mar 2, 22
Deutsche Bank Buy May 5, 21
UBS Neutral Mar 18, 21
Deutsche Bank Buy Feb 24, 21
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Nov 09 Buy 21.48 5,000 107,400 126,609 11/13/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Nov 06 Buy 22.018 10,000 220,180 121,609 11/08/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Aug 29 Buy 22.738 10,000 227,380 111,609 08/31/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Aug 22 Buy 22.301 11,762 262,304 101,609 08/24/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Aug 21 Buy 22.11 643 14,217 89,847 08/23/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Aug 17 Buy 22.082 5,000 110,410 89,204 08/21/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Aug 15 Buy 22.11 4,204 92,950 84,204 08/16/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Aug 09 Buy 22.78 10,000 227,800 80,000 08/11/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Aug 07 Buy 23.00 5,000 115,000 70,000 08/09/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Mar 13 Buy 21.441 5,000 107,205 65,000 03/14/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Mar 10 Buy 22.02 10,000 220,200 60,000 03/13/23
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Nov 10 Buy 22.9781 5,638 129,551 45,638 11/14/22
Chao James Chairman Chairman May 31 Sell 27.2 31,092 845,702 23,908 06/02/22
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Mar 08 Buy 26.34 10,000 263,400 40,000 03/09/22
Kenner Andrew SVP, Olefin Material.. SVP, Olefin Material & Corp Pr Mar 07 Buy 26.153 8,000 209,224 30,000 03/08/22