Westlake Chemical Partners (WLKP)
Operating U.S. ethylene plants and a dedicated pipeline through OpCo.
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Operates a concentrated U.S. ethylene production platform through Westlake Chemical OpCo LP. The listed partnership was formed by Westlake and remains structurally dependent on that sponsor-led operating relationship.
Produces ethylene through three U.S. facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, alongside an ethylene pipeline. The business sells a single product line, ethylene, from an asset base concentrated in those two locations. Houston serves as the partnership's headquarters.
Business operations are conducted through Westlake Chemical OpCo LP, a partnership between Westlake Corporation and WLKP. Formed by Westlake in 2014 to operate, acquire and develop ethylene facilities and related assets, the listed limited partnership remains structurally tied to its sponsor. The operational relationship with Westlake is a disclosed dependency.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $29 | Target: $26 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $49.3M · Total debt $399.7M · Total assets $1.22B · Shareholders' equity $253.7M
- Revenue
- $297.1M
- Operating income
- $87.3M
- Net income
- $14.2M
HistoryDividendAnnual yield
| Institutions | 29.05% | 10.24M shares | |
|---|---|---|---|
| 59 holders · as of Jun 30, 2026 | |||
| Insiders | 0.23% | 82.3K shares | |
| 4 holders · as of Aug 7, 2026 | |||
| Strategic holders | 3.32% | 1.17M shares | |
| 1 holder · as of Feb 11, 2021 | |||
| Other | 67.40% | 23.75M shares | |
| remainder | |||
35.25M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
OppenheimerFunds, Inc.Institution | 17.16% | 6.05M | filed Jan 10, 2019 |
Invesco Ltd.Institution | 14.11% | 4.97M | as of Jun 30, 2026 |
Energy Income Partners, LLCInstitution | 4.51% | 1.59M | as of Jun 30, 2026 |
Janus Henderson Group plcStrategic | 3.32% | 1.17M | filed Feb 11, 2021 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 2.04% | 719,852 | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Dow
Large U.S. ethylene capacity in the same olefins supply market
- LyondellBasell
U.S. olefins producer with crackers across Texas, Illinois and Iowa
- ExxonMobil
Baytown ethylene output from one of the world's largest olefins plants
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Westlake Chemical Partners | $21.49 | +0.94% | $750.4M | 13.1 | 13.8 | 0.6 | −0.0% |
| Dow | $28.29 | +0.07% | $20.42B | — | 14.9 | 0.5 | +19.7% |
| LyondellBasell | $60.31 | +0.12% | $19.45B | — | 7.6 | 0.6 | +19.8% |
| ExxonMobil | $158.41 | +0.07% | $656.48B | 20.4 | 12.9 | 1.8 | +46.0% |
| Median | 20.4 | 12.9 | 0.6 | +19.8% |