Westlake Chemical Partners LP
Research Westlake Chemical Partners LP (WLKP) on Bullrun: valuation model: fairly valued, market cap USD 762.02M, P/E 13.2, dividend yield 8.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerWLKP
- ExchangeNYSE
- CountryUnited States
- SectorBasic Materials
- IndustryChemicals
- CurrencyUSD
- Valuation signalfairly valued
- Market capUSD 762.02M
- P/E13.2
- Dividend yield8.7%
- Financial periodQ2 2026
- RevenueUSD 297.10M
- Net incomeUSD 14.24M
- Free cash flowUSD 117.37M
- Gross margin31.9%
Valuation Snapshot
Bullrun's latest valuation model marks Westlake Chemical Partners LP as fairly valued; latest market cap is USD 762.02M; P/E is 13.2; dividend yield is 8.7%.
Peer valuation comparison
Latest P/E is 13.23x versus a Basic Materials sector median of 17.36x (23.8% below).
Latest dividend yield is 8.67% versus a Basic Materials sector median of 2.19% (295.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.17B | USD 48.70M | USD 201.65M | 29.8% | 1.38 | USD 44.27M | USD 399.67M | USD 0 |
| FY2024 | USD 1.14B | USD 62.39M | USD 436.03M | 36.9% | 1.77 | USD 58.32M | USD 399.67M | USD 0 |
| FY2023 | USD 1.19B | USD 54.28M | USD 405.18M | 32.5% | 1.54 | USD 58.62M | USD 399.67M | USD 0 |
| FY2022 | USD 250.24M | USD 64.17M | USD 409.62M | 150.8% | n/a | USD 64.78M | USD 399.67M | USD 0 |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 762.02M | 13.2 | 8.7% | 1.88 |
| 2025 | 2025-12-31 | USD 669.67M | 13.8 | 9.9% | 1.88 |
| 2024 | 2024-12-31 | USD 815.42M | 13.1 | 8.1% | 1.88 |
| 2023 | 2023-12-29 | USD 762.69M | 13.4 | 8.7% | 1.88 |
| 2022 | 2022-12-30 | USD 827.71M | 10.8 | 8.0% | 1.88 |
| 2021 | 2021-12-31 | USD 945.86M | 11.5 | 7.0% | 1.88 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.88 USD, yield 8.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.88 USD |
| FY2024 | 1.88 USD |
| FY2023 | 1.88 USD |
| FY2022 | 1.88 USD |
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.
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Frequently asked questions
Is Westlake Chemical Partners LP overvalued or undervalued?
Bullrun's valuation model currently marks Westlake Chemical Partners LP as fairly valued.
What is Westlake Chemical Partners LP's market cap?
Westlake Chemical Partners LP's market capitalization is USD 762.02M.
What is Westlake Chemical Partners LP's P/E ratio?
Westlake Chemical Partners LP's price-to-earnings (P/E) ratio is 13.2.
Does Westlake Chemical Partners LP pay a dividend?
Westlake Chemical Partners LP has a dividend yield of 8.7%.
What does Westlake Chemical Partners LP do?
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.