StocksFundsScreenerSectorsWatchlists
WLKP

WLKP - Westlake Chemical Partners LP Stock Price, Fair Value and News

22.13USD-0.10 (-0.45%)Delayed as of 28 Mar 2024, 10:02 am ET

Market Summary

WLKP
USD22.13-0.10
Delayedas of 28 Mar 2024, 10:02 am
-0.45%

WLKP Alerts

  • 1 major insider buys recently.
  • Big fall in Revenue (Y/Y)
  • Losses in recent quarter

WLKP Stock Price

View Fullscreen

WLKP RSI Chart

WLKP Valuation

Market Cap

783.1M

Price/Earnings (Trailing)

6.3

Price/Sales (Trailing)

0.66

EV/EBITDA

1.63

Price/Free Cashflow

1.93

WLKP Price/Sales (Trailing)

WLKP Profitability

EBT Margin

28.17%

Return on Assets

9.44%

Free Cashflow Yield

51.74%

WLKP Fundamentals

WLKP Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

-18.96%

Rev. Growth (Qtr)

-7.58%

WLKP Earnings

Earnings (TTM)

124.3M

Earnings Growth (Yr)

-12.39%

Earnings Growth (Qtr)

-521.55%

Breaking Down WLKP Revenue

52 Week Range

20.8623.25
(Low)(High)

Last 7 days

-1.5%

Last 30 days

-0.1%

Last 90 days

2.3%

Trailing 12 Months

3.3%

How does WLKP drawdown profile look like?

WLKP Financial Health

Current Ratio

4.02

WLKP Investor Care

Shares Dilution (1Y)

0.02%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.5B1.4B1.3B1.2B
20221.3B1.4B1.6B1.6B
2021984.3M1.1B1.1B1.2B
20201.0B1.0B993.8M966.7M
20191.3B1.3B1.2B1.1B
20181.2B1.2B1.3B1.3B
20171.0B1.1B1.2B1.2B
20161.0B960.6M941.3M986.7M
20151.4B1.2B1.0B1.0B
20140001.7B
20130000

Tracking the Latest Insider Buys and Sells of Westlake Chemical Partners LP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 21, 2024
kenner andrew
bought
93,736
22.16
4,230
svp, olefin material & corp pr
Mar 06, 2024
kenner andrew
bought
111,500
22.3
5,000
svp, olefin material & corp pr
Feb 22, 2024
kenner andrew
bought
221,160
22.116
10,000
svp, olefin material & corp pr
Nov 09, 2023
kenner andrew
bought
107,400
21.48
5,000
svp, olefin material & corp pr
Nov 06, 2023
kenner andrew
bought
220,180
22.018
10,000
svp, olefin material & corp pr
Aug 29, 2023
kenner andrew
bought
227,380
22.738
10,000
svp, olefin material & corp pr
Aug 22, 2023
kenner andrew
bought
262,304
22.301
11,762
svp, olefin material & corp pr
Aug 21, 2023
kenner andrew
bought
14,216
22.11
643
svp, olefin material & corp pr
Aug 17, 2023
kenner andrew
bought
110,410
22.082
5,000
svp, olefin material & corp pr
Aug 16, 2023
kenner andrew
bought
74,434
22.226
3,349
svp, olefin material & corp pr

1–10 of 50

Which funds bought or sold WLKP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 08, 2024
ICA Group Wealth Management, LLC
new
-
19,961
19,961
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
101
2,984,900
5,967,480
-%
Feb 16, 2024
HARBOUR INVESTMENTS, INC.
unchanged
-
-2.00
368
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
added
200
500,000
752,000
0.06%
Feb 15, 2024
Fayez Sarofim & Co
unchanged
-
2,760
252,885
-%
Feb 14, 2024
LPL Financial LLC
added
15.76
90,051
681,293
-%
Feb 14, 2024
GROUP ONE TRADING, L.P.
reduced
-11.11
-2,255
17,320
-%
Feb 14, 2024
BANK OF AMERICA CORP /DE/
reduced
-9.39
-583,593
5,367,380
-%
Feb 14, 2024
SEI INVESTMENTS CO
unchanged
-
-1,776
384,439
-%
Feb 14, 2024
Samalin Investment Counsel, LLC
added
95.97
207,095
424,917
0.22%

1–10 of 43

Are Funds Buying or Selling WLKP?

Are funds buying WLKP calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WLKP
No. of Funds

Unveiling Westlake Chemical Partners LP's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
energy income partners, llc
5.9%
2,081,811
SC 13G/A
Feb 14, 2024
ttwf lp
40.1%
14,122,230
SC 13D/A
Feb 12, 2024
invesco ltd.
14.9%
5,264,187
SC 13G/A
Feb 07, 2024
first trust portfolios lp
4.57%
1,608,700
SC 13G/A
Feb 14, 2023
energy income partners, llc
7.0%
2,480,730
SC 13G/A
Feb 10, 2023
invesco ltd.
15.5%
5,451,790
SC 13G/A
Jan 23, 2023
wpt llc
40.10%
14,122,230
SC 13G/A
Jan 11, 2023
first trust portfolios lp
5.37%
1,891,502
SC 13G/A
Feb 14, 2022
energy income partners, llc
7.0%
2,456,905
SC 13G/A
Feb 11, 2022
invesco ltd.
16.6%
5,834,104
SC 13G/A

Recent SEC filings of Westlake Chemical Partners LP

View All Filings
Date Filed Form Type Document
Mar 25, 2024
4
Insider Trading
Mar 18, 2024
DEFA14A
DEFA14A
Mar 18, 2024
DEF 14A
DEF 14A
Mar 07, 2024
4
Insider Trading
Feb 28, 2024
10-K
Annual Report
Feb 26, 2024
4
Insider Trading
Feb 20, 2024
8-K
Current Report
Feb 14, 2024
SC 13G/A
Major Ownership Report
Feb 14, 2024
SC 13D/A
13D - Major Acquisition
Feb 12, 2024
SC 13G/A
Major Ownership Report

Westlake Chemical Partners LP News

Latest updates
MarketBeat35 hours ago

Westlake Chemical Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-7.6%297322264308367415449362330294322268246232239251273250270299336
Gross Profit8.3%10193.0088.0010698.0090.0097.0091.0014776.0013188.0085.0010090.0010410493.0092.0091.0094.00
  S&GA Expenses16.7%8.007.007.008.003.009.0010.008.006.008.008.009.007.006.006.006.008.007.008.007.007.00
EBITDA Margin4.6%0.37*0.36*0.33*0.30*0.29*0.32*0.34*0.40*0.42*0.40*0.44*0.44*---------
Income Taxes-7.2%0.000.000.000.000.000.000.000.000.00-0.100.000.000.00-0.010.000.000.000.000.000.000.00
Earnings Before Taxes7.6%87.0081.0075.0092.0091.0079.0085.0081.0013966.0012177.0075.0092.0081.0094.0092.0083.0080.0079.0082.00
EBT Margin4.5%0.28*0.27*0.25*0.23*0.21*0.25*0.26*0.31*0.33*0.30*0.34*0.33*---------
Net Income-521.6%-55.6713.0075.0091.00-49.5315.0084.0081.00-48.8213.0012077.0015.0019.0080.0094.0017.0015.0014.0015.0012.00
Net Income Margin0.9%0.10*0.10*0.10*0.09*0.08*0.08*0.09*0.13*0.13*0.20*0.22*0.19*---------
Free Cashflow12.7%95.0084.0094.0013211410210984.00-20.8288.00117143---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-1.8%1,3171,3421,3361,3431,3721,4311,4621,4541,4811,3611,4021,3571,3561,3821,3691,3831,3931,4071,4111,6311,462
  Current Assets-2.3%226231221232246284302275281291337279263278246242238237222429247
    Cash Equivalents-11.0%59.0066.0059.0010565.0019.0018.0019.0017.0019.0018.0017.0017.0023.0024.0024.0020.0019.0017.0085.0020.00
  Inventory0.9%4.004.003.005.005.005.007.008.009.007.005.003.003.002.002.002.002.004.004.004.004.00
  Net PPE-1.6%9449599639779901,0071,0171,0311,0441,0221,0301,0391,0511,0611,0771,0921,1031,1131,1291,1381,148
  Goodwill0%6.006.006.006.006.006.006.006.006.006.006.006.006.006.006.006.006.006.006.006.006.00
Liabilities-4.1%461480468453468479493478508456450444441443433433441444439651528
  Current Liabilities-25.5%56.0076.0066.0051.0067.0078.0092.0045410755.0049.0043.0040.0042.0031.0031.0039.0041.0036.0047.0049.00
Shares Outstanding---------35.00---35.00---34.00--32.0032.00
Float---420---483---521---367---474--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations6.7%10810199.0014512311512110522.0099.0013215533.00117113111116121100113106
Cashflow From Investing-235.4%-22.84-6.81-46.510.0062.00-19.12-29.99-25.3447.0015.00-49.54-76.6260.00-28.57-18.61-10.99-11.72-28.45122-139-6.81
Cashflow From Financing-5.0%-92.08-87.68-97.18-105-139-95.27-91.73-77.29-70.51-113-81.79-78.65-98.90-88.87-94.61-95.81-102-91.86-28991.00-96.63

WLKP Income Statement

2023-12-31
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total net sales$ 1,190,791$ 1,593,147$ 1,214,858
Cost of sales803,3321,215,782773,152
Gross profit387,459377,365441,706
Selling, general and administrative expenses29,75129,67831,018
Income from operations357,708347,687410,688
Other income (expense)   
Other income, net4,2321,56662
Income before income taxes335,439335,846401,934
Provision for income taxes8131,017549
Net income334,626334,829401,385
Less: Net income attributable to noncontrolling interest in OpCo280,343270,656318,838
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income$ 54,283$ 64,173$ 82,547
Net income per limited partner unit attributable to Westlake Chemical Partners LP (basic and diluted)   
Weighted average limited partner units outstanding (basic and diluted)35,224,34035,217,33635,206,333
Affiliated Entity   
Net co-products, ethylene and other sales—third parties$ 1,026,655$ 1,342,910$ 1,026,586
Nonrelated Party   
Net co-products, ethylene and other sales—third parties164,136250,237188,272
Westlake | Affiliated Entity   
Selling, general and administrative expenses27,08526,62128,577
Other income (expense)   
Interest expense—Westlake(26,501)(13,407)(8,816)
Common units   
Other income (expense)   
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income$ 54,283$ 64,173$ 82,547
Diluted units$ 1.54$ 1.82$ 2.34
Net income per limited partner unit attributable to Westlake Chemical Partners LP (basic and diluted)   
Common units$ 1.54$ 1.82$ 2.34
Weighted average limited partner units outstanding (basic and diluted)35,224,34035,217,33635,206,333
Common units | Publicly and Privately Held   
Net income per limited partner unit attributable to Westlake Chemical Partners LP (basic and diluted)   
Weighted average limited partner units outstanding (basic and diluted)21,102,11021,095,10621,084,103
Common units | Westlake   
Net income per limited partner unit attributable to Westlake Chemical Partners LP (basic and diluted)   
Weighted average limited partner units outstanding (basic and diluted)14,122,23014,122,23014,122,230

WLKP Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 58,619$ 64,782
Receivable under the Investment Management Agreement—Westlake Corporation ("Westlake")94,44464,996
Accounts receivable, net—third parties18,70120,030
Inventories4,4324,715
Prepaid expenses and other current assets442305
Total current assets226,203245,793
Property, plant and equipment, net943,843990,213
Goodwill5,8145,814
Deferred charges and other assets, net140,982130,159
Total assets1,316,8421,371,979
Current liabilities  
Accrued and other liabilities24,98017,537
Total current liabilities56,33566,941
Deferred income taxes1,6321,656
Other liabilities2,9510
Total liabilities460,592468,271
Commitments and contingencies (Note 16)
EQUITY  
Total Westlake Chemical Partners LP partners' capital279,934291,930
Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo")576,316611,778
Total equity856,250903,708
Total liabilities and equity1,316,8421,371,979
Affiliated Entity  
Current assets  
Accounts receivable, net—Westlake49,56590,965
Current liabilities  
Accounts payable—third parties15,16634,087
Nonrelated Party  
Current assets  
Accounts receivable, net—third parties18,70120,030
Current liabilities  
Accounts payable—third parties16,18915,317
Westlake  
EQUITY  
General partner—Westlake(242,572)(242,572)
Westlake | Affiliated Entity  
Current liabilities  
Long-term debt payable to Westlake399,674399,674
Common units | Publicly and Privately Held  
EQUITY  
Limited partners' capital$ 473,513$ 480,643
Units issued21,105,90421,099,638
Common units | Westlake  
EQUITY  
Limited partners' capital$ 48,993$ 53,859
Units issued14,122,23014,122,230
WLKP
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, including 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. The company was founded in 1991 and is headquartered in Houston, Texas.
0
 CEO
 WEBSITEwww.wlkpartners.com

Westlake Chemical Partners LP Frequently Asked Questions


What is the ticker symbol for Westlake Chemical Partners LP? What does WLKP stand for in stocks?

WLKP is the stock ticker symbol of Westlake Chemical Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Westlake Chemical Partners LP (WLKP)?

As of Wed Mar 27 2024, market cap of Westlake Chemical Partners LP is 783.12 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WLKP stock?

You can check WLKP's fair value in chart for subscribers.

What is the fair value of WLKP stock?

You can check WLKP's fair value in chart for subscribers. The fair value of Westlake Chemical Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Westlake Chemical Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WLKP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Westlake Chemical Partners LP a good stock to buy?

The fair value guage provides a quick view whether WLKP is over valued or under valued. Whether Westlake Chemical Partners LP is cheap or expensive depends on the assumptions which impact Westlake Chemical Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WLKP.

What is Westlake Chemical Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, WLKP's PE ratio (Price to Earnings) is 6.3 and Price to Sales (PS) ratio is 0.66. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WLKP PE ratio will change depending on the future growth rate expectations of investors.