What is Westlake Chemical Partners's market cap?

Westlake Chemical Partners (WLKP) has a market capitalization of $770.1M and trades on NYSE.

What is Westlake Chemical Partners's revenue and profitability?

Westlake Chemical Partners generated $1.2B in trailing twelve-month revenue with net income of $57.9M, representing a net margin of 4.7%. Gross margin stands at 31.4%, with free cash flow of $291.8M. These figures are based on the Q1 2026 filing.

Who are Westlake Chemical Partners's competitors?

Westlake Chemical Partners's key competitors include Westlake Corporation, LyondellBasell Industries N.V., Dow Inc., and others. These companies compete in similar markets and product categories.

Who does Westlake Chemical Partners partner with?

Westlake Chemical Partners's notable partners include Buckeye Development & Logistics I LLC.

What subsidiaries does Westlake Chemical Partners have?

Westlake Chemical Partners's subsidiaries include Westlake Chemical OpCo LP.

Where is Westlake Chemical Partners headquartered?

Westlake Chemical Partners is headquartered in United States of America. It has been publicly traded since 2014.

Westlake Chemical Partners

WLKP

Westlake Chemical Partners LP is a master limited partnership focused on the operation, acquisition, and development of ethylene production facilities and related logistics infrastructure.

Market cap

$770.12M-0.5%

Revenue$1.2B+13.4%

Net income$57.9M+10.3%

Free cash flow$291.8M-21.4%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 5, 2026

Revenue$305.7MMiss by $216.3M EPS$0.40Miss by $0.03

Read the full report

Next report

Aug 4, 2026 (In 6 days)

Revenue estimate$537.0M

EPS estimate$0.42

Financials

Q1 2026

Income statement

See full

Revenue$305.7M+28.6%

Gross profit$93.8M+73.4%

Operating income$86.6M+85.7%

Net income$14.2M+186%

Balance sheet

See full

Cash & equivalents$44.3M-10.7%

Total assets$1.2B-9.9%

Cash flow

See full

Operating cash flow$110.2M+141%

CapEx$5.6M-65.2%

Free cash flow$104.6M+251%

Valuation & ratios

Valuation

See full

Market cap$770.12M-0.5%

P/E13.3×-1.4×

P/S0.6×-0.1×

Profitability

See full

Gross margin31.4%-2.7pp

Operating margin29.1%-2.3pp

Net margin4.7%-0.1pp

FCF margin23.6%-10.4pp

Returns & leverage

See full

Current ratio3.7×+2.3×

Competitors

By market cap

Enterprise Products Partners$82.5B+22.1%

Dow$20.8B+14.0%

LyondellBasell Industries N.V.$18.9B-6.4%

Westlake$9.3B-15.8%

Eastman Chemical$7.7B-12.6%

Green Plains$1.2B+106%

Westlake Chemical Partners$770.1M-0.5%

Alto Ingredients, Inc.$348.7M+289%

By revenue growth

Westlake Chemical Partners+13.4%

Dow-1.2%

Alto Ingredients, Inc.-3.7%

Eastman Chemical-7.7%

Westlake-8.6%

Enterprise Products Partners-9.3%

LyondellBasell Industries N.V.-9.4%

Green Plains-21.4%

By net margin

Enterprise Products Partners11.44%+1.2pp

Westlake Chemical Partners4.69%-0.1pp

Eastman Chemical4.62%-5.2pp

Alto Ingredients, Inc.3.2%+9.4pp

Green Plains-1.41%+2.8pp

LyondellBasell Industries N.V.-2.66%-9.2pp

Dow-2.7%-0.6pp

Westlake-14.91%-18.1pp

Profile

Westlake Chemical Partners LP is a master limited partnership focused on the operation, acquisition, and development of ethylene production facilities and related logistics infrastructure. The company generates stable cash flows primarily through a long-term, cost-plus ethylene sales agreement with its parent company, Westlake Corporation, which consumes the majority of its output for downstream chemical production.

Competitive position

The company maintains a highly stable competitive position through a captive supply relationship with Westlake Corporation, which is obligated to purchase 95% of planned production.

GeographiesUnited States, Louisiana, Kentucky, Texas

Customer segmentsIndustrial manufacturing, Petrochemical companies

Business modelMaster Limited Partnership (MLP), Cost-plus contracting, Toll-and-fee based

SuppliersEthane suppliers, Natural gas liquid (NGL) fractionators, Steam cracking technology licensors

CustomersPolyethylene producers, Polyvinyl chloride (PVC) manufacturers, Merchant market chemical buyers

CountryUnited States of America

Listed2014

CEOJean-Marc Gilson

SectorBasic Materials

IndustryChemicals

Websitewlkpartners.com

FilingsSEC EDGAR

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Questions, answered.

What is Westlake Chemical Partners's market cap?: Westlake Chemical Partners (WLKP) has a market capitalization of $770.1M and trades on NYSE.
What is Westlake Chemical Partners's revenue and profitability?: Westlake Chemical Partners generated $1.2B in trailing twelve-month revenue with net income of $57.9M, representing a net margin of 4.7%. Gross margin stands at 31.4%, with free cash flow of $291.8M. These figures are based on the Q1 2026 filing.
Who are Westlake Chemical Partners's competitors?: Westlake Chemical Partners's key competitors include Westlake Corporation, LyondellBasell Industries N.V., Dow Inc., and others. These companies compete in similar markets and product categories.
Who does Westlake Chemical Partners partner with?: Westlake Chemical Partners's notable partners include Buckeye Development & Logistics I LLC.
What subsidiaries does Westlake Chemical Partners have?: Westlake Chemical Partners's subsidiaries include Westlake Chemical OpCo LP.
Where is Westlake Chemical Partners headquartered?: Westlake Chemical Partners is headquartered in United States of America. It has been publicly traded since 2014.