Westlake Chemical Partners (WLKP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Westlake Chemical Partners

NYSE•Basic Materials•Chemicals

$21.88-0.05(<0.01%)Market closed

Market Cap

$751.79M

P/E

13.1x

P/S

0.6x

P/B

1.0x

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. It's ethylene production facilities which primarily convert ethane into ethylene. The company also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. It serves as the general partner of the company. Westlake Chemical Partners LP was founded in 1991 and is headquartered in Houston, Texas.

How this company scores

GoodMetricSide Score: 77/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (16/25).

Profitability16/25

Growth19/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowStrong marginsInterest easily coveredCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.1x5y range 10.2x – 15.5x

Currently near its 20-quarter median.

P/S · 0.6x5y range 0.5x – 0.8x

Currently near its 20-quarter median.

P/B · 1.0x5y range 0.8x – 1.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 5.2% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume

Market Cap $751.79M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.23B
Q. Revenue: $297.10M
TTM EBITDA: $493.37M
TTM Op. Income: $355.62M
Q. Op. Income: $87.31M
TTM Net Income: $57.60M
Q. Net Income: $14.24M
EPS: N/A
Shares Out.: $35.25M

$1.23B in TTM revenue grew 12.1% YoY, reaching $297.10M last quarter. TTM EBITDA of $493.37M and TTM operating income of $355.62M show growth is flowing through to the bottom line. TTM net income of $57.60M means revenue is converting into profit. Over the past year, TTM revenue is up 12% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 31.9%
EBITDA Margin: 41.2%
Op. Margin: 29.4%
Net Margin: 4.8%

Op. margin of 29.4% is down 1.3% YoY — costs are rising relative to revenue. Net margin at 4.8% and gross margin of 31.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.1x
P/S Ratio: 0.6x
P/B Ratio: 1.0x

At 13.1x P/E, the stock trades below typical market levels. P/S of 0.6x and P/B of 1.0x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.22B
Cash: $49.32M
Long-Term Debt: $399.67M
Book Value: $769.41M
D/E Ratio: 0.5
Debt/EBITDA: 3.3

With $1.22B in assets and $399.67M in long-term debt, D/E is 0.5and book value is $769.41M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 4 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $129.85M
TTM Free Cash Flow: $409.14M
FCF Margin: 33.1%
FCF / Net Income: 7.1

TTM FCF of $409.14M on $129.85M in operating cash flow. The FCF / Net Income ratio of 7.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.