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Financials · WLKP

Westlake Chemical Partners LP (WLKP) financials

For the twelve months ended Sep 30, 2026, Westlake Chemical Partners LP reported $1.24B of revenue and $194.78M of net income.

Revenue, TTM
$1.24B
Revenue growth, YoY
+9.4%
Net income, TTM
$194.78M
Net income growth, YoY
+23.5%
Net margin
15.7%
Free cash flow, TTM
$444.03M
Cash
$47.65M
P/E
3.80
P/S
0.60
Market cap
$740.7M
Annual revenue$1.17B
FY2016FY2025
Annual net income$48.70M
FY2016FY2025
Annual free cash flow$201.65M
FY2016FY2025

WLKP revenue and earnings growth

WLKP revenueQ3 2026$314.46M

Quarter YoY
+1.8%
QoQ
+5.8%
FY YoY
+2.7%
5Y CAGR
+3.8%
10Y CAGR
+1.5%

WLKP revenue was $314.46M in fiscal Q3 2026 (ended Sep 30, 2026), up 1.8% from a year earlier and up 5.8% from the prior quarter. For the full fiscal 2025 it was $1.17B, up 2.7% from fiscal 2024. Compound annual growth was +3.8% over 5 years and +1.5% over 10 years. It rose in 5 of the last 10 fiscal years.

WLKP net incomeQ3 2026$16.22M

Quarter YoY
+10.7%
QoQ
-80.3%
FY YoY
-21.9%
5Y CAGR
-5.9%
10Y CAGR
+2.0%

WLKP net income was $16.22M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.7% from a year earlier and down 80.3% from the prior quarter. For the full fiscal 2025 it was $48.70M, down 21.9% from fiscal 2024. Compound annual growth was -5.9% over 5 years and +2.0% over 10 years. It rose in 7 of the last 10 fiscal years.

WLKP free cash flowQ3 2026$110.47M

Quarter YoY
+46.2%
QoQ
-5.9%
FY YoY
-53.8%
5Y CAGR
-9.7%
10Y CAGR
-0.9%

WLKP free cash flow was $110.47M in fiscal Q3 2026 (ended Sep 30, 2026), up 46.2% from a year earlier and down 5.9% from the prior quarter. For the full fiscal 2025 it was $201.65M, down 53.8% from fiscal 2024. Compound annual growth was -9.7% over 5 years and -0.9% over 10 years. It rose in 3 of the last 8 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.17B$1.14B$1.19B$1.59B$1.21B$966.67M$1.09B$1.29B$1.17B$986.74M
Cost of revenue$818.85M$716.96M$803.33M$1.22B$773.15M$587.79M$712.44M$908.46M$769.31M$595.40M
Gross profit$347.85M$418.94M$387.46M$377.37M$441.71M$378.88M$379.43M$377.16M$403.67M$391.33M
Selling, general and admin$28.27M$28.50M$29.75M$29.68M$31.02M$25.89M$29.28M$27.59M$29.26M$24.89M
Operating income$319.58M$390.44M$357.71M$347.69M$410.69M$352.99M$350.15M$349.57M$374.41M$366.44M
Interest expense$22.90M$25.70M$26.50M$13.41M------
Pre-tax income$299.12M$369.99M$335.44M$335.85M$401.93M$341.68M$333.62M$330.59M$354.34M$354.44M
Income tax$547.0K$835.0K$813.0K$1.02M$549.0K$564.0K$728.0K$22.0K$1.28M$1.03M
Net income$48.70M$62.39M$54.28M$64.17M$82.55M$66.17M$60.98M$49.35M$48.67M$40.94M
Diluted shares----35.2M35.2M34.5M32.2M28.4M27.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$44.27M$58.32M$58.62M$64.78M$17.06M$17.15M$19.92M$19.74M$27.01M$88.90M
Receivables$9.11M$11.58M$18.70M$20.03M$5.83M$11.03M$9.91M$16.40M$18.08M$12.09M
Inventory$2.77M$4.06M$4.43M$4.71M$8.90M$3.47M$2.48M$4.39M$5.59M$3.93M
Current assets$143.51M$240.93M$226.20M$245.79M$281.21M$263.31M$238.41M$247.14M$231.39M$232.16M
Goodwill$5.81M$5.81M$5.81M$5.81M$5.81M$5.81M$5.81M$5.81M$5.81M$5.81M
Total assets$1.26B$1.29B$1.32B$1.37B$1.48B$1.36B$1.39B$1.46B$1.52B$1.56B
Current liabilities$51.30M$55.37M$56.34M$66.94M$106.80M$39.75M$38.85M$48.77M$40.24M$37.78M
Total liabilities$454.18M$458.64M$460.59M$468.27M$508.00M$441.35M$441.32M$528.04M$516.53M$634.26M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$280.47M$485.00M$452.00M$463.74M$408.44M$373.40M$450.81M$436.15M$537.36M$287.73M
Capital expenditures$78.82M$48.97M$46.82M$54.12M$81.17M$36.97M$43.71M$39.86M$68.86M$299.64M
Free cash flow$201.65M$436.03M$405.18M$409.62M$327.27M$336.43M$407.10M$396.29M$468.50M-$11.91M
Investing cash flow$31.18M-$88.97M-$75.94M-$12.00M-$64.30M$2.03M-$57.71M-$51.81M-$203.23M-$299.48M
Financing cash flow-$325.70M-$396.33M-$382.23M-$404.01M-$344.24M-$378.20M-$392.92M-$391.60M-$396.02M-$68.90M
Depreciation and amortization$127.98M$111.90M$110.20M$121.07M$108.81M$103.15M$107.32M$108.84M$113.98M$98.21M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY2.7%-4.6%-25.3%31.1%25.7%-11.5%-15.1%9.6%18.9%-2.0%
Net income growth, YoY-21.9%14.9%-15.4%-22.3%24.8%8.5%23.6%1.4%18.9%2.8%
Gross margin29.8%36.9%32.5%23.7%36.4%39.2%34.8%29.3%34.4%39.7%
Operating margin27.4%34.4%30.0%21.8%33.8%36.5%32.1%27.2%31.9%37.1%
Net margin4.2%5.5%4.6%4.0%6.8%6.8%5.6%3.8%4.1%4.1%
Free cash flow margin17.3%38.4%34.0%25.7%26.9%34.8%37.3%30.8%39.9%-1.2%
Return on assets3.9%4.8%4.1%4.7%5.6%4.9%4.4%3.4%3.2%2.6%
Current ratio2.804.354.023.672.636.626.145.075.756.15

Source: XBRL data Westlake Chemical Partners LP files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WLKP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WLKP$1.24B+9.4%$194.78M15.7%$740.7M
LIN$36.24B+8.2%$7.01B19.3%$238.88B
APD$12.60B+4.5%-$47.30M-0.4%$69.27B
DOW$42.61B+4.2%-$897.00M-2.1%$22.41B
IFF$11.69B+24.3%$182.00M1.6%$21.14B
DD$7.06B+3.2%$301.00M4.3%$20.56B
LYB$31.96B+3.5%$1.30B4.1%$19.23B
ALB$6.15B+24.4%$681.63M11.1%$11.70B
SOLS$4.17B+9.4%$325.00M7.8%$10.01B

WLKP FAQ

8 questions
  • What is WLKP revenue?
    Westlake Chemical Partners LP (WLKP) reported $1.24B of revenue for the twelve months ended Sep 30, 2026. That is up 9.4% from the year before. Revenue for fiscal 2025 was $1.17B.
  • Is WLKP profitable?
    Yes. Westlake Chemical Partners LP earned $194.78M in net income for the twelve months ended Sep 30, 2026, a net margin of 15.7%.
  • How much cash and debt does WLKP have?
    Westlake Chemical Partners LP reported $47.65M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is WLKP revenue growing?
    Westlake Chemical Partners LP's revenue changed +2.7% in fiscal 2025, to $1.17B. Its compound annual growth rate was +3.8% over 5 years and +1.5% over 10 years.
  • What is WLKP gross margin?
    Westlake Chemical Partners LP's gross profit was $389.27M on $1.24B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 31.4%.
  • What is WLKP free cash flow?
    Westlake Chemical Partners LP generated $444.03M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $482.58M less capital expenditures.
  • When did WLKP last report financial results?
    The latest statements here come from Westlake Chemical Partners LP's 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this WLKP financial data come from?
    Quantisnow builds these statements from the structured XBRL data Westlake Chemical Partners LP files with the SEC. It is provided for information only and is not investment advice.