Westlake Chemical Partners LP (WLKP)
Basic Materials · NYQ
Fundamentals
Valuation and ratings
Westlake Chemical Partners LP trades at USD22.05, which is 120% below the USD48.42 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF 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) | USD0.942 | 2 |
| 2025 | USD1.88 | 4 |
| 2024 | USD1.88 | 4 |
| 2023 | USD1.88 | 4 |
| 2022 | USD1.88 | 4 |
| 2021 | USD1.88 | 4 |
| 2020 | USD1.88 | 4 |
| 2019 | USD1.80 | 4 |
| 2018 | USD1.61 | 4 |
| 2017 | USD1.44 | 4 |
| 2016 | USD1.29 | 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 analyst 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.
WLKP passes 5 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Westlake Chemical Partners LP (WLKP) undervalued?
Against our discounted cash flow estimate of USD48.42, WLKP at USD22.05 is 120% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
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 USD1.88 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.
When does WLKP report earnings next?
Westlake Chemical Partners LP is scheduled to report on 4 Aug 2026. Companies move earnings dates, so read it as scheduled rather than certain.
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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.