Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen. As of December 31, 2016, OpCo's assets included three ethylene production facilities, which primarily convert ethane into ethylene, and a 200-mile ethylene pipeline. As of December 31, 2016, OpCo owned two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), and one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 630 million pounds.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Commodity Chemicals - NEC
- Sub-Industry: N/A
- Symbol: NYSE:WLKP
- CUSIP: N/A
- Web: www.wlkpartners.com
Capitalization:- Market Cap: $355.76 million
- Outstanding Shares: 27,059,000
Average Prices:- 50 Day Moving Avg: $24.19
- 200 Day Moving Avg: $24.45
- 52 Week Range: $19.25 - $26.25
P/E:- Trailing P/E Ratio: 17.34
- Foreward P/E Ratio: 1.65
- P/E Growth: 0.26
Sales & Book Value:- Annual Revenue: $1.01 billion
- Price / Sales: 0.68
- Book Value: $12.76 per share
- Price / Book: 1.99
Dividend:- Annual Dividend: $1.42
- Dividend Yield: 5.7%
Profitability:- EBIDTA: $439.46 million
- Net Margins: 3.82%
- Return on Equity: 4.31%
- Return on Assets: 2.49%
Debt:- Debt-to-Equity Ratio: 0.66%
- Current Ratio: 4.93%
- Quick Ratio: 4.83%
Misc:- Average Volume: 20,889 shs.
- Beta: 1.24
- Short Ratio: 0.89
Frequently Asked Questions for Westlake Chemical Partners LP (NYSE:WLKP)
What is Westlake Chemical Partners LP's stock symbol?
Westlake Chemical Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLKP."
How often does Westlake Chemical Partners LP pay dividends? What is the dividend yield for Westlake Chemical Partners LP?
Westlake Chemical Partners LP announced a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Monday, May 15th will be paid a dividend of $0.3549 per share on Tuesday, May 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Thursday, May 11th. This is a positive change from Westlake Chemical Partners LP's previous quarterly dividend of $0.35. View Westlake Chemical Partners LP's Dividend History.
How were Westlake Chemical Partners LP's earnings last quarter?
Westlake Chemical Partners LP (NYSE:WLKP) announced its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by $0.08. The business earned $277.45 million during the quarter, compared to analyst estimates of $339.88 million. Westlake Chemical Partners LP had a return on equity of 4.31% and a net margin of 3.82%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. View Westlake Chemical Partners LP's Earnings History.
When will Westlake Chemical Partners LP make its next earnings announcement?
Where is Westlake Chemical Partners LP's stock going? Where will Westlake Chemical Partners LP's stock price be in 2017?
2 equities research analysts have issued 12-month target prices for Westlake Chemical Partners LP's shares. Their predictions range from $23.00 to $30.00. On average, they anticipate Westlake Chemical Partners LP's stock price to reach $26.50 in the next year. View Analyst Ratings for Westlake Chemical Partners LP.
Who are some of Westlake Chemical Partners LP's key competitors?
Some companies that are related to Westlake Chemical Partners LP include Schnitzer Steel Industries (SCHN), Timken Steel Corporation (TMST), Seabridge Gold (SA), Veritiv Corporation (VRTV), Rayonier Advanced Materials (RYAM), CSW Industrials (CSWI), KMG Chemicals (KMG), Sandstorm Gold Ltd (SAND), Gold Standard Ventures Corp (GSV), Klondex Mines Ltd (KLDX), Klondex Mines Ltd (KLDX), American Vanguard Corporation (AVD), Silvercorp Metals (SVMLF), SolGold plc (SOLG), Petra Diamonds Limited (PDL), Ciner Resources LP (CINR), Forterra PLC (FORT) and Wausau Paper Corp. (WPP).
Who are Westlake Chemical Partners LP's key executives?
Westlake Chemical Partners LP's management team includes the folowing people:
- James Y. Chao, Chairman of the Board of Westlake Chemical Partners GP LLC,
- Albert Y. Chao, President, Chief Executive Officer, Director of Westlake Chemical Partners GP LLC,
- Mark Steven Bender, Chief Financial Officer, Senior Vice President, Director of Westlake Chemical Partners GP LLC
- David R. Hansen, Senior Vice President - Administration
- Lawrence E. Teel, Senior Vice President - Olefins
- George J. Mangieri, Chief Accounting Officer, Vice President of Westlake Chemical Partners GP LLC
- L. Benjamin Ederington, Vice President, General Counsel, Secretary, Director of Westlake Chemical Partners LP
- Max L. Lukens, Independent Director
- David Lumpkins, Independent Director of Westlake Chemical Partners GP LLC
- Angela A. Minas, Independent Director of Westlake Chemical Partners GP LLC
How do I buy Westlake Chemical Partners LP stock?
Shares of Westlake Chemical Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Westlake Chemical Partners LP's stock price today?
One share of Westlake Chemical Partners LP stock can currently be purchased for approximately $25.40.
MarketBeat Community Rating for Westlake Chemical Partners LP (NYSE WLKP)MarketBeat's community ratings are surveys of what our community members think about Westlake Chemical Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Earnings History for Westlake Chemical Partners LP (NYSE:WLKP)Earnings History by Quarter for Westlake Chemical Partners LP (NYSE WLKP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/3/2017 | | $0.41 | | | | | N/A |  |
| 7/26/2017 | | $0.41 | | | | | N/A | |
| 5/2/2017 | Q1 2017 | $0.43 | $0.35 | $339.88 million | $277.45 million | View | Listen | |
| 2/21/2017 | Q416 | $0.42 | $0.39 | $347.07 million | $293.90 million | View | Listen | |
| 11/8/2016 | Q316 | $0.42 | $0.32 | $299.18 million | $193.96 million | View | Listen | |
| 7/28/2016 | Q216 | $0.26 | $0.34 | $177.91 million | $210.84 million | View | Listen | |
| 5/3/2016 | Q116 | $0.40 | $0.45 | $282.79 million | $252.60 million | View | N/A | |
| 2/23/2016 | Q415 | $0.41 | $0.40 | $268.91 million | $248.50 million | View | Listen | |
| 11/3/2015 | Q315 | $0.40 | $0.37 | $268.76 million | $248.60 million | View | N/A | |
| 8/4/2015 | Q215 | $0.39 | $0.39 | $266.32 million | $251.70 million | View | N/A | |
| 5/4/2015 | Q115 | $0.32 | $0.31 | $259.79 million | $258.40 million | View | N/A | |
| 2/24/2015 | Q414 | $0.34 | $0.32 | $296.97 million | $273.50 million | View | N/A | |
| 11/4/2014 | Q314 | $0.34 | $0.19 | $293.26 million | $392.00 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Westlake Chemical Partners LP (NYSE:WLKP)Current Year EPS Consensus Estimate: $16.43 EPS
Next Year EPS Consensus Estimate: $15.35 EPS
Current Dividend Information for Westlake Chemical Partners LP (NYSE:WLKP)| Most Recent Dividend: | 5/30/2017 |
| Annual Dividend: | $1.42 |
| Dividend Yield: | 5.59% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 101.43% (Trailing 12 Months of Earnings)
8.64% (Based on This Year's Estimates)
9.25% (Based on Next Year's Estimates)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Westlake Chemical Partners LP (NYSE WLKP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/2/2017 | quarterly | $0.35 | 5.58% | 5/11/2017 | 5/15/2017 | 5/30/2017 |
| 1/27/2017 | quarterly | $0.35 | 5.45% | 2/3/2017 | 2/7/2017 | 2/22/2017 |
| 10/31/2016 | | $0.34 | | 11/9/2016 | 11/14/2016 | 11/29/2016 |
| 7/28/2016 | Quarterly | $0.33 | | 8/5/2016 | 8/9/2016 | 8/23/2016 |
| 4/27/2016 | | $0.32 | | 5/6/2016 | 5/10/2016 | 5/24/2016 |
| 2/1/2016 | Quarterly | $0.31 | | 2/9/2016 | 2/11/2016 | 2/26/2016 |
| 10/28/2015 | | $0.30 | | 11/5/2015 | 11/9/2015 | 11/27/2015 |
| 7/29/2015 | | $0.29 | | 8/11/2015 | 8/13/2015 | 8/27/2015 |
| 5/1/2015 | quarterly | $0.28 | 3.94% | 5/8/2015 | 5/12/2015 | 5/27/2015 |
| 1/30/2015 | quarterly | $0.28 | 4.39% | 2/5/2015 | 2/9/2015 | 2/24/2015 |
| 10/28/2014 | quarterly | $0.17 | | 11/6/2014 | 11/10/2014 | 11/25/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Westlake Chemical Partners LP (NYSE:WLKP)Institutional Ownership Percentage: 79.39%
Insider Trades by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/9/2017 | David Lumpkins | Director | Buy | 2,500 | $25.42 | $63,550.00 | |
| 11/30/2016 | Angela A Minas | Director | Buy | 5,000 | $21.00 | $105,000.00 | |
| 8/4/2014 | Albert Chao | CEO | Buy | 1,526,115 | $1.42 | $2,167,083.30 | |
| 8/4/2014 | George J Mangieri | CAO | Buy | 5,000 | $24.00 | $120,000.00 | |
| 8/4/2014 | Lawrence E Teel | SVP | Buy | 2,500 | $24.00 | $60,000.00 | |
| 8/4/2014 | Mark Steven Bender | CFO | Buy | 10,000 | $24.00 | $240,000.00 | |
| 8/4/2014 | Max L Lukens | Director | Buy | 125,000 | $24.00 | $3,000,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Westlake Chemical Partners LP (NYSE:WLKP)
Latest Headlines for Westlake Chemical Partners LP (NYSE:WLKP)
| Source: |
|
| Date | Headline |
|---|
 | Westlake Chemical Partners LP – Value Analysis (NYSE:WLKP) : July 21, 2017
finance.yahoo.com - July 22 at 10:37 AM |
| Westlake Chemical Partners Announce Second Quarter 2017 Conference Call
finance.yahoo.com - July 21 at 8:44 AM |
 | Westlake Chemical Partners LP (WLKP) Scheduled to Post Earnings on Wednesday
www.americanbankingnews.com - July 19 at 9:26 AM |
| Westlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : July 13, 2017
finance.yahoo.com - July 14 at 9:58 AM |
| Westlake Chemical Upped to Strong Buy on Solid Prospects
finance.yahoo.com - July 12 at 9:17 AM |
| Westlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : July 3, 2017
finance.yahoo.com - July 4 at 8:48 AM |
| Is Westlake Chemical Corp. (WLK) a Suitable Value Pick?
finance.yahoo.com - June 29 at 8:02 AM |
| Is Westlake Chemical (WLK) Stock a Solid Choice Right Now?
finance.yahoo.com - June 28 at 2:59 AM |
| Westlake Chemical Partners LP :WLKP-US: Earnings Analysis: Q1, 2017 By the Numbers : June 20, 2017
finance.yahoo.com - June 20 at 3:32 PM |
| Ashland Global Holdings (ASH) and Westlake Chemical Partners (WLKP) Head-To-Head Analysis
www.americanbankingnews.com - June 10 at 6:08 PM |
| Westlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : June 7, 2017
finance.yahoo.com - June 8 at 2:04 AM |
| ValuEngine Lowers Westlake Chemical Partners LP (WLKP) to Buy
www.americanbankingnews.com - May 31 at 3:22 PM |
| Westlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : May 26, 2017
finance.yahoo.com - May 26 at 8:48 AM |
| Westlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : May 15, 2017
finance.yahoo.com - May 15 at 7:47 PM |
| Westlake Chemical Partners LP : WLKP-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 11, 2017
finance.yahoo.com - May 12 at 4:47 AM |
| Westlake Chemical Partners LP – Value Analysis (NYSE:WLKP) : May 8, 2017
finance.yahoo.com - May 8 at 8:11 PM |
| Westlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : May 5, 2017
finance.yahoo.com - May 6 at 1:47 AM |
| Westlake Chemical Partners (WLKP) Earns Coverage Optimism Score of 0.19
www.americanbankingnews.com - May 4 at 4:42 PM |
| Edited Transcript of WLKP earnings conference call or presentation 2-May-17 4:00pm GMT
finance.yahoo.com - May 3 at 9:42 AM |
| Westlake Chemical Partners LP (WLKP) Plans Dividend Increase - $0.35 Per Share
www.americanbankingnews.com - May 2 at 7:36 PM |
| Westlake Chemical Partners LP (WLKP) Issues Earnings Results, Misses Expectations By $0.07 EPS
www.americanbankingnews.com - May 2 at 3:36 PM |
| Westlake Chemical Partners LP Announces First Quarter 2017 Earnings and the Completion of OpCo's 100 Million Pound Ethylene Expansion in Calvert City, Kentucky
finance.yahoo.com - May 2 at 8:13 AM |
| Westlake Chemical Partners LP Announces First Quarter Distribution
finance.yahoo.com - May 1 at 7:46 PM |
| Westlake Chemical Partners (WLKP) Receiving Somewhat Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - May 1 at 4:06 PM |
 | Westlake Chemical Partners: The Cyclical Nature Of The Chemical Industry
seekingalpha.com - April 30 at 4:25 PM |
| Westlake Chemical Partners LP (WLKP) to Release Quarterly Earnings on Tuesday
www.americanbankingnews.com - April 30 at 7:34 AM |
| Is a Surprise Coming for Westlake Chemical (WLK) This Earnings Season?
finance.yahoo.com - April 29 at 2:27 AM |
| Somewhat Positive Media Coverage Very Unlikely to Affect Westlake Chemical Partners (WLKP) Stock Price
www.americanbankingnews.com - April 27 at 11:14 AM |
| Westlake Chemical Partners (WLKP) Earns Media Sentiment Score of 0.12
www.americanbankingnews.com - April 24 at 9:58 AM |
| Somewhat Favorable Media Coverage Unlikely to Affect Westlake Chemical Partners (WLKP) Stock Price
www.americanbankingnews.com - April 21 at 2:52 PM |
| Westlake Chemical Partners Announce First Quarter 2017 Conference Call
finance.yahoo.com - April 20 at 1:16 AM |
| Westlake Chemical Partners (WLKP) Getting Somewhat Positive Media Coverage, Report Finds
www.americanbankingnews.com - April 18 at 12:49 PM |
| Westlake Chemical Partners LP (WLKP) Given New $30.00 Price Target at FBR & Co
www.americanbankingnews.com - April 13 at 11:52 PM |
| Somewhat Favorable Press Coverage Unlikely to Impact Westlake Chemical Partners (WLKP) Share Price
www.americanbankingnews.com - April 13 at 1:10 PM |
| Westlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : April 12, 2017
finance.yahoo.com - April 12 at 9:07 AM |
| Is Westlake Chemical (WLK) Well Poised as a Value Stock?
finance.yahoo.com - March 30 at 8:23 AM |
| David Lumpkins Buys 2,500 Shares of Westlake Chemical Partners LP (WLKP) Stock
www.americanbankingnews.com - March 10 at 7:37 PM |
| Westlake Chemical Partners LP Filed Annual Report
finance.yahoo.com - March 10 at 12:25 AM |
 | BRIEF-Westlake Chemical Partners posts Q4 earnings $0.39/shr
www.reuters.com - February 22 at 11:06 AM |
 | Westlake Chemical Partners LP (WLKP) Misses Q4 EPS by 3c
www.streetinsider.com - February 22 at 11:06 AM |
| Edited Transcript of WLKP earnings conference call or presentation 21-Feb-17 5:00pm GMT
finance.yahoo.com - February 22 at 11:06 AM |
 | Westlake Chemical Partners LP Announces Fourth Quarter and Full Year 2016 Earnings
us.rd.yahoo.com - February 21 at 8:10 AM |
| Q4 2016 Westlake Chemical Partners LP Earnings Release - Before Market Open
us.rd.yahoo.com - February 21 at 8:10 AM |
| Westlake Chemical Partners Announce Fourth Quarter and Full Year Earnings for 2016 Conference Call
finance.yahoo.com - February 7 at 4:06 PM |
| Westlake Partners Is Great Growth And Value Investment
seekingalpha.com - February 3 at 6:45 AM |
| Westlake Chemical Partners (WLKP) Shares March Higher, Can It Continue?
finance.yahoo.com - February 2 at 6:48 AM |
| 4:51 pm Westlake Chemical Partners increases quarterly distribution to $0.3450/unit from $0.3353/unit
finance.yahoo.com - January 27 at 9:43 PM |
| Westlake Chemical Partners LP Statement on the New Administration’s “Regulatory Freeze”
us.rd.yahoo.com - January 24 at 3:28 PM |
| Westlake Chemical Partners LP Statement on Publication of Final Regulations Relating to its Qualifying Income Activities
us.rd.yahoo.com - January 24 at 3:28 PM |
 | Executive order freezes new MLP regulations
www.bizjournals.com - January 24 at 3:22 AM |
Westlake Chemical Partners LP (WLKP) Chart for Tuesday, July, 25, 2017
