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
- Sub-Industry: N/A
- Symbol: NYSE:WLKP
- CUSIP: N/A
- Web: www.wlkpartners.com
Capitalization:- Market Cap: $343.53 million
- Outstanding Shares: 27,059,000
Average Prices:- 50 Day Moving Avg: $24.03
- 200 Day Moving Avg: $24.56
- 52 Week Range: $19.25 - $26.25
P/E:- Trailing P/E Ratio: 16.55
- Foreward P/E Ratio: 1.56
- P/E Growth: 0.25
Sales & Book Value:- Annual Revenue: $1.09 billion
- Price / Sales: 0.59
- Book Value: $12.76 per share
- Price / Book: 1.87
Dividend:- Annual Dividend: $1.46
- Dividend Yield: 6.1%
Profitability:- EBIDTA: $456.12 million
- Net Margins: 3.60%
- Return on Equity: 4.34%
- Return on Assets: 2.54%
Debt:- Debt-to-Equity Ratio: 0.66%
- Current Ratio: 5.60%
- Quick Ratio: 5.47%
Misc:- Average Volume: 20,158 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 Wednesday, August 2nd. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.365 per share on Tuesday, August 29th. This represents a $1.46 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend is Friday, August 11th. This is an increase 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) posted its quarterly earnings data on Thursday, August, 3rd. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.05. The firm earned $290.11 million during the quarter, compared to analyst estimates of $381.59 million. Westlake Chemical Partners LP had a return on equity of 4.34% and a net margin of 3.60%. Westlake Chemical Partners LP's revenue for the quarter was up 37.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. 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 analysts have issued 1 year price targets for Westlake Chemical Partners LP's stock. Their forecasts range from $23.00 to $30.00. On average, they expect Westlake Chemical Partners LP's stock price to reach $26.50 in the next twelve months. 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 AutoCanada (ACQ), Calfrac Well Services Ltd (CFW), Nevsun Resources (NSU), Seabridge Gold (SA), NEXEO SOLUTIONS (NXEO), Klondex Mines Ltd (KLDX), Klondex Mines Ltd (KLDX), American Vanguard Corporation (AVD), Scapa Group plc (SCPA), Total Energy Services (TOT), Pengrowth Energy Corp (PGF), Stornoway Diamond (SWY), Crew Energy (CR), Alacer Gold Corp (ASR), Gold Standard Ventures Corp (GSV), Northern Dynasty Minerals Ltd (NAK), KMG Chemicals (KMG) and Rayonier Advanced Materials (RYAM).
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
Who owns Westlake Chemical Partners LP stock?
Westlake Chemical Partners LP's stock is owned by many different of institutional and retail investors. Top institutional investors include Bamco Inc. NY (1.29%), Duff & Phelps Investment Management Co. (1.15%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (1.10%), Goldman Sachs Group Inc. (0.70%), Van ECK Associates Corp (0.37%) and GSA Capital Partners LLP (0.25%). Company insiders that own Westlake Chemical Partners LP stock include Angela A Minas and David Lumpkins. View Institutional Ownership Trends for Westlake Chemical Partners LP.
Who sold Westlake Chemical Partners LP stock? Who is selling Westlake Chemical Partners LP stock?
Who bought Westlake Chemical Partners LP stock? Who is buying Westlake Chemical Partners LP stock?
Westlake Chemical Partners LP's stock was purchased by a variety of institutional investors in the last quarter, including Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Duff & Phelps Investment Management Co., Citigroup Inc., Bamco Inc. NY, Bank of New York Mellon Corp and Wells Fargo & Company MN. Company insiders that have bought Westlake Chemical Partners LP stock in the last two years include Angela A Minas and David Lumpkins. View Insider Buying and Selling for Westlake Chemical Partners LP.
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 $23.90.
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 |
|---|
| 11/6/2017 | | $0.41 | | | | | N/A |  |
| 8/3/2017 | Q2 2017 | $0.41 | $0.36 | $381.59 million | $290.11 million | View | Listen | |
| 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: | 8/29/2017 |
| Annual Dividend: | $1.46 |
| Dividend Yield: | 6.11% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 102.82% (Trailing 12 Months of Earnings)
8.89% (Based on This Year's Estimates)
9.51% (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 |
|---|
| 8/2/2017 | quarterly | $0.37 | 5.76% | 8/11/2017 | 8/15/2017 | 8/29/2017 |
| 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: 73.25%
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 |
|---|
 | Financial Survey: Enzymotec (ENZY) and Westlake Chemical Partners (WLKP)
www.americanbankingnews.com - September 21 at 6:26 AM |
| Financial Analysis: Westlake Chemical Partners (WLKP) versus Its Peers
www.americanbankingnews.com - September 20 at 12:30 PM |
 | Westlake Chemical Partners LP : WLKP-US: Dividend Analysis : August 15th, 2017 (record date) : By the numbers : September 13, 2017
finance.yahoo.com - September 13 at 4:14 PM |
| Financial Comparison: Air Products and Chemicals (APD) versus Westlake Chemical Partners (WLKP)
www.americanbankingnews.com - September 5 at 10:22 AM |
| Westlake Chemical Up 10% in a Month: What's Driving It?
finance.yahoo.com - September 4 at 3:51 PM |
| Westlake Chemical Up 10% in a Month: What's Driving It?
finance.yahoo.com - September 4 at 7:58 AM |
| Reviewing Koppers Holdings (KOP) and Westlake Chemical Partners (WLKP)
www.americanbankingnews.com - September 1 at 10:12 PM |
| Westlake Chemical Raised Its Quarterly Dividend 10%
finance.yahoo.com - September 1 at 3:48 PM |
| Analysts’ Consensus on Westlake Chemical
finance.yahoo.com - September 1 at 11:17 AM |
| What Do Westlake Chemical’s Valuations Suggest?
finance.yahoo.com - September 1 at 11:17 AM |
| Analyzing Westlake Chemical’s Stock Performance
finance.yahoo.com - September 1 at 11:17 AM |
| Westlake Chemical Scales New 52-Week High on Bright Prospects
finance.yahoo.com - August 25 at 12:45 PM |
| Head to Head Survey: Westlake Chemical Partners (WLKP) & Airgas (ARG)
www.americanbankingnews.com - August 22 at 4:16 PM |
| Critical Comparison: Olin Corporation (OLN) vs. Westlake Chemical Partners (WLKP)
www.americanbankingnews.com - August 22 at 8:30 AM |
| IHS Markit Score downgrades Westlake Chemical Corp to 66 out of 100, ranking positively in two out of three available IHS Markit categories.
finance.yahoo.com - August 12 at 8:49 AM |
| Westlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : August 11, 2017
finance.yahoo.com - August 12 at 8:49 AM |
| See what the IHS Markit Score report has to say about Westlake Chemical Corp.
finance.yahoo.com - August 12 at 8:49 AM |
 | Reminder - Westlake Chemical Partners (WLKP) Goes Ex-Dividend Soon
www.thestreet.com - August 10 at 9:42 AM |
| Westlake Chemical Partners LP :WLKP-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017
finance.yahoo.com - August 8 at 8:17 AM |
| Westlake Chemical's Q2 Earnings Top Estimates, Sales Trail
finance.yahoo.com - August 4 at 10:02 AM |
| Investor Network: Westlake Chemical Partners LP to Host Earnings Call
finance.yahoo.com - August 4 at 10:02 AM |
| Edited Transcript of WLKP earnings conference call or presentation 3-Aug-17 4:00pm GMT
finance.yahoo.com - August 4 at 10:02 AM |
| Westlake Chemical Partners LP (NYSE:WLKP) Releases Earnings Results, Misses Estimates By $0.05 EPS
www.americanbankingnews.com - August 3 at 5:36 PM |
| Westlake Chemical Partners Named Top Dividend Stock With Insider Buying And 5.81% Yield (WLKP)
www.thestreet.com - August 3 at 8:57 AM |
| Westlake Chemical Partners LP Announces Second Quarter 2017 Earnings
finance.yahoo.com - August 3 at 8:57 AM |
| Westlake tops 2Q profit forecasts
finance.yahoo.com - August 3 at 8:57 AM |
| Westlake Chemical Partners posts 2Q profit
finance.yahoo.com - August 3 at 8:56 AM |
| Westlake Chemical Partners LP (WLKP) Plans Quarterly Dividend of $0.37
www.americanbankingnews.com - August 2 at 4:53 PM |
| Should You Buy Westlake Chemical (WLK) Ahead of Earnings?
finance.yahoo.com - August 2 at 8:47 AM |
| Is Westlake Chemical (WLK) Poised for a Beat in Q2 Earnings?
finance.yahoo.com - August 2 at 8:47 AM |
| Westlake Chemical Partners LP Announces Second Quarter Distribution and Extension of Revolving Credit Facility
finance.yahoo.com - August 2 at 8:47 AM |
| Westlake Chemical Partners LP (WLKP) Scheduled to Post Quarterly Earnings on Thursday
www.americanbankingnews.com - July 27 at 8:00 AM |
| Westlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : July 24, 2017
finance.yahoo.com - July 25 at 8:30 AM |
| 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 LP (WLKP) Chart for Friday, September, 22, 2017
