Westlake Chemical Partners LP (WLKP)
Materials · NYQ
Price as at 1 Oct 2026, 03:56 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Westlake Chemical Partners LP trades at $21.20, which is 128% below the $48.42 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 55 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 13.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
WLKP dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.41 | 3 |
| 2025 | $1.88 | 4 |
| 2024 | $1.88 | 4 |
| 2023 | $1.88 | 4 |
| 2022 | $1.88 | 4 |
| 2021 | $1.88 | 4 |
| 2020 | $1.88 | 4 |
| 2019 | $1.80 | 4 |
| 2018 | $1.61 | 4 |
| 2017 | $1.44 | 4 |
| 2016 | $1.29 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
WLKP earnings and analyst estimates
Recommendation mix, 1 published rating
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Westlake Chemical Partners LP
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. It's ethylene production facilities which primarily convert ethane into ethylene. The company 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. It serves as the general partner of the company. Westlake Chemical Partners LP was founded in 1991 and is headquartered in Houston, Texas.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
WLKP passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
1 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Griffin, CITADEL ADVISORS LLC$251.6K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
WLKP peers
The largest companies in the same industry (Chemicals), then in the same sector.
- MEOH Methanex Corporation
- REX REX American Resources Corporation
- GPRE Green Plains Inc.
- SYNSY SYNSY
- LXU LSB Industries, Inc.
- RYAM Rayonier Advanced Materials Inc.
- GURE Gulf Resources, Inc.
- LIN Linde plc
Every materials company we cover is on the Materials hub.
Common questions
Is Westlake Chemical Partners LP (WLKP) undervalued?
Against our fair value estimate of $48.42, WLKP at $21.20 is 128% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own WLKP?
1 of the institutions we track reported a position in WLKP in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is WLKP's P/E ratio?
WLKP trades at 13.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Westlake Chemical Partners LP (WLKP) pay a dividend?
Yes. Westlake Chemical Partners LP yields 8.65% at the current share price. It has paid $1.88 per share over the trailing twelve months. It has paid a dividend in each of the last 12 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its WLKP data?
Fundamentals for WLKP come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 03:56 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for WLKP, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.