Westlake Chemical Partners LP concentrates on acquiring, developing, and operating facilities dedicated to ethylene production, along with related infrastructure, throughout the United ...
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Est. EPS $0.67 · Revenue $367.00M · 1 analysts
Est. EPS $0.67 · Revenue $367.00M · 1 analysts
Est. EPS $1.88 · Revenue $1.37B · 1 analysts
Est. EPS $0.50 · Revenue $282.45M · 1 analysts
$1.89 per share
$1.89 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.2B | +2.7% | -2.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $48.7M | -21.9% | +0.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +29.8% | -19.2% | +4.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +27.4% | -20.3% | +3.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +4.2% | -24.0% | +3.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $201.7M | -53.8% | +12.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +17.3% | -55.0% | +15.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 79.8% | +3.5% | +96.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.80x | -35.7% | -5.7% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $1.3B | -2.4% | -1.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.38 vs 1.28 | +7.8% | 0.40 vs 0.41 | -2.4% |
| Revenue Surprise | $1.2B vs $1.2B | +0.8% | $297.1M vs $537.0M | -44.7% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 31, 2026 | Darby Tommy | — | — | — | 0 | — |
| Aug 12, 2026 | WOELFEL RANDY | director | Phantom Units | A | 5,044 | — |
| Aug 12, 2026 | FINLEY G STEPHEN | director | Phantom Units | A | 5,044 | — |
| Aug 12, 2026 | Friel Lisa A. | director | Phantom Units | A | 5,044 | — |
| Aug 6, 2026 | Friel Lisa A. | director | Common Units | A | 5,005 | — |
Operator: Good afternoon. Thank you for standing by. Welcome to the Westlake Chemical Partners second quarter 2026 Earnings Conference Call. During the presentation, all After the speakers' remarks, you will be invited to participate in a question-and-answer session. As a reminder, this conference is being recorded today, August 4, 2026. I would now like to turn the call over to today's host, Jeffrey A. Holy, Wesley Chemical Partners' vice president and chief accounting officer. Sir, you may begin. Jeffrey A. Holy: Thank you. Good afternoon, everyone, and welcome to the Westlake Chemical Partners second quarter 2026 Conference Call. Joined today by Albert Yuan Chao, our Executive Chairman Jean-Marc Gilson, our President and CEO Johnathan Marks, our Senior Vice President and Chief Financial Officer Steve Bender, our Special Advisor to the President and other members of our management team. During this call, we refer to ourselves as Westlake Partners or the partnership. References to Westlake refer to our parent company, Westlake Corporation, and references to Opco refer to Westlake Chemical OpCo LP a subsidiary of Westlake and a partnership which owns certain olefin assets Additionally, when we refer to distributable cash flow, we are referring to Westlake Chemical Partners MLP distributable cash flow. Definitions of these terms are available on the partnership's website. Today, management is going to discuss certain topics that will contain forward looking information that is based on management's beliefs, as well as assumptions made by and information currently available to management. These forward looking statements suggest predictions or expectations and thus are subject to risks or uncertainties. We encourage you to learn more about the factors that could lead our actual results to differ by reviewing the cautionary statements in our regulatory filings, which are also available on our Investor Relations website. This morning, Westlake Partners issued a press release with details of our second quarter 2026 financial and operating results. This document is available in the press release section of our webpage at wlkpartners.com. A replay of today's call will be available beginning 2 hours after the conclusion of this call. The replay can be accessed via the partnership's website. Please note that information reported on this call speaks only as of today, August 4, 2026, and therefore, you are advised that time sensitive information may no longer be accurate as of the time of any replay. I would finally advise you that this conference call is being broadcast live through an Internet webcast system that can be accessed on our webpage at wlkpartners.com. Now I would like to turn the call over to Jean-Marc Gilson. Jean-Marc? Jean-Marc Gilson: Thank you, Jeffrey, and good afternoon, everyone, and thank you for joining us to discuss our second quarter 2026 results. In this morning's press release, we reported Westlake Partners second quarter 2026 …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Albert Yuan Chao | Executive Chairman of the Board Westlake Chemical Partners GP LLC | Male | 1950 | Active |
Jean-Marc Gilson | President, CEO & Director of Westlake Chemical Partners GP LLC | Male | 1963 | Active |
Jeffrey A. Holy | Vice President & Chief Accounting Officer of Westlake Chemical Partners GP LLC | Male | 1980 | Active |
L. Benjamin Ederington | Executive Vice President of Legal & External Affairs and Director of Westlake Chemical Partners GP LLC | Male | 1971 | Active |
Mark Steven Bender | Executive Vice President, Chief Financial Officer & Director of Westlake Chemical Partners GP LLC | Male | 1957 | Active |
Westlake Chemical Partners NYSE: WLKP reported second-quarter 2026 net income of $14 million, or $0.40 per unit, matching its first-quarter result as stable production and sales volumes supported the partnership's fixed-margin business model.
Westlake Chemical Partners LP Common Units (WLKP) Q2 2026 Earnings Call Transcript
Declared quarterly distribution of $0.4714 per unit; 48th consecutive quarterly distribution HOUSTON, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the second quarter of 2026 of $14.2 million, or $0.40 per limited partner unit, which was slightly below second quarter 2025 net income of $14.6 million. Cash flows from operating activities in the second quarter of 2026 were $129.8 million, an increase of $120.7 million compared to second quarter 2025 cash flows from operating activities of $9.1 million, primarily due to higher production and sales volume and lower maintenance capital expenditures as the result of the prior year's Petro 1 turnaround.
Declared quarterly distribution of $0. 4714 per unit; 48th consecutive quarterly distribution HOUSTON, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the second quarter of 2026 of $14.
$0.4714 per unit distribution declared payable on August 28, 2026 HOUSTON, Aug. 03, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 48th quarterly distribution announced by the Partnership since its initial public offering.
