Plutux
$21.93
-0.81%
2026-09-03 16:00:03 EDT-$0.18
Basic Materials
Chemicals
NYSE
Negociación activa

Westlake Chemical Partners LP concentrates on acquiring, developing, and operating facilities dedicated to ethylene production, along with related infrastructure, throughout the United ...

Evolución del precio

$21.93
-0.81%-$0.18
Máximo
Mínimo
Máx. 52s-4.9%
Vol. rel.
Intervalo
Rango2.9h
VolumenSMA5SMA10
Westlake Chemical Partners LP (WLKP) is a master limited partnership established in 2014 and sponsored by Westlake Corporation, a major global chemicals and building products company. WLKP's core business involves owning and operating ethylene production facilities, which are critical to the petrochemical industry. These facilities convert ethane, a natural gas ...Westlake Chemical Partners LP (WLKP) is a master limited partnership established in 2014 and sponsored by Westlake Corporation, a major global chemicals and building products company. WLKP's core business involves owning and operating ethylene production facilities, which are critical to the petrochemical industry. These facilities convert ethane, a natural gas liquid, into ethylene, a fundamental building block for many plastics and chemicals. In addition to ethylene, the partnership produces and sells various co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen, typically under long-term contracts or in spot markets. The company's operations are strategically located in the United States, with key sites in Calvert City, Kentucky, and Lake Charles, Louisiana, providing access to abundant and cost-effective natural gas feedstocks from the Gulf Coast region. WLKP is structured as a partnership, with Westlake Chemical Partners GP LLC serving as its general partner. The partnership's financial strategy focuses on generating stable cash flows to support quarterly distributions, as evidenced by its dividend payout ratio and a dividend yield of around 8.7% as of the latest data. The company's financial metrics indicate strong operational efficiency, with high gross margins and a healthy balance sheet, though it carries a moderate level of debt. Under the leadership of CEO Jean-Marc Gilson, an experienced chemicals industry executive who was appointed in 2021, WLKP has maintained its position as a reliable supplier in the ethylene market. The partnership benefits from the integration with Westlake Corporation, which provides access to expertise, resources, and market opportunities. WLKP's cost structure is characterized by low capital expenditure relative to operating cash flow, contributing to high free cash flow generation. The company employs approximately 155 people, reflecting its asset-light corporate structure while relying on operational staff at its facilities. Despite the cyclical nature of the chemical industry, WLKP has managed to maintain consistent financial performance, with a price-to-earnings ratio of about 13 and a strong current ratio, indicating good short-term liquidity. The company is committed to safety, environmental stewardship, and community engagement, aiming to be a responsible operator in the regions it serves. Looking ahead, WLKP continues to focus on optimizing its existing assets and exploring opportunities for growth within the ethylene value chain, while adhering to its disciplined capital allocation strategy.
Fundación
2014
Empleados
2169
CEO
Jean-Marc Gilson
Nombre completo
Westlake Chemical Partners LP
Sector
Basic Materials
Industria
Chemicals
ROE
13.12%
Capitalización
$0.77B
Ratio corriente
3.44
WACC
4.92%
ROIC
36.37%

Información de contacto

713 585 2900
2801 Post Oak Boulevard, Houston, TX 77056

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