Westlake Chemical Partners LP (NYSE: WLKP) — Company Overview, News & Financial Data
Westlake Chemical Partners produces ethylene and polyethylene, focusing on sustainable operations and strategic market growth.
Westlake Chemical Partners LP
Westlake Chemical Partners LP (NYSE:WLKP) operates in the chemical industry, focusing on the production of ethylene, polyethylene, and other basic chemicals. These products are essential components used in various consumer goods, packaging, automotive parts, and agricultural products, highlighting the company's role in supporting a wide range of industries. Westlake Chemical Partners is dedicated to sustainable operations and aims to expand its market reach while maintaining environmental stewardship. The company seeks to achieve growth through strategic investments in production capacity and technology advancements, ensuring it remains competitive and responsive to market demands. By prioritizing efficiency, innovation, and sustainability, Westlake Chemical Partners strives to meet its objectives of providing value to its customers and shareholders alike.
Snapshot
Operations
Products and/or services of Westlake Chemical Partners LP
- Ethylene production through advanced cracking facilities providing a paramount feedstock for various petrochemical products.
- Pipeline operations that ensure the secure and efficient transport of ethylene to key markets.
- Storage services offering ample capacity for ethylene and other petrochemical products, ensuring supply security.
- Propylene production, leveraging advanced technologies to meet the growing demand for this vital petrochemical.
- Styrene monomer production, focusing on serving the global needs for polystyrene and ABS resins.
- Utilities services, ensuring reliable and cost-effective provision of essential utilities to support industrial operations.
Westlake Chemical Partners LP executive team
- Jean-Marc GilsonPresident, CEO & Director of Westlake Chemical Partners GP LLC
- Mark Steven BenderExecutive VP, CFO & Director of Westlake Chemical Partners GP LLC
- Albert Yuan ChaoExecutive Chairman of the Board Westlake Chemical Partners GP LLC
- Tommy E. DarbyVice President & Chief Accounting Officer
- L. Benjamin EderingtonExecutive VP of Legal & External Affairs and Director of Westlake Chemical Partners GP LLC
Latest news about Westlake Chemical Partners LP
Dividend history
Dividends per share paid by Westlake Chemical Partners LP, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $1.4130 |
| FY2025 | — | — | — | $1.8840 |
| FY2024 | — | — | — | $1.8840 |
| FY2023 | — | — | — | $1.8840 |
| FY2022 | — | — | — | $1.8840 |
Key financials
Reported results for Westlake Chemical Partners LP, in USD.
- Market cap
- 744.7M
- Revenue (TTM)
- 1.2B
- P/E ratio
- 12.9
- EPS (diluted, TTM)
- 1.6
- Dividend yield
- 8.9%
- Profit margin
- 4.7%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 1.2B | 319.6M | 48.7M | |
| 1.1B | 390.4M | 62.4M | |
| 1.2B | 357.7M | 54.3M | |
| 1.6B | 347.7M | 64.2M |