WLKP
Westlake Chemical Partners LP
WLKP's fundamentals are strong: it turned 36% of its revenue into free cash flow and free cash flow more than doubled. At 13x earnings, it's trading right at its usual valuation. Analysts expect earnings growth.
WLKP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
WLKP's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
WLKP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $18.41 | -15% |
| Forward | 12x | $21.68 | — |
| Fair | 13x | $22.07 | +1.8% |
| Current | 13x | $21.68 | — |
| Expensive | 15x | $24.43 | +13% |
Historical ranges are pointers, not guarantees.
WLKP's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
WLKP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong decline | |
| Improving | |
| Limited | |
| High |
Analysts expect WLKP's earnings to grow and its profitability to improve, but its revenue to decline.
WLKP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.77 | +5.9% |
| Q3 2026 | $1.67 | +19% |
| Q2 2026 | $1.63 | +9.4% |
| Q1 2026 | $1.64 | +10% |
| Q4 2025 | $1.38 | -22% |
| Q3 2025 | $1.40 | -20% |
| Q2 2025 | $1.49 | -7.5% |
| Q1 2025 | $1.49 | -3.2% |
| Q4 2024 | $1.77 | +15% |
WLKP's earnings per share have fallen from their peak: $1.67 over the past year, against $2.37 in early 2022.
WLKP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $314.5M | +1.8% |
| Q2 2026 | $297.1M | 0% |
| Q1 2026 | $305.7M | +29% |
| Q4 2025 | $323M | +11% |
| Q3 2025 | $308.9M | +12% |
| Q2 2025 | $297.1M | +4.6% |
| Q1 2025 | $237.6M | -17% |
| Q4 2024 | $290.1M | -2.4% |
WLKP's revenue is growing: $314M last quarter, up 1.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | +0.6 points |
| Q2 2026 | 29% | -1.3 points |
| Q1 2026 | 28% | +8.7 points |
| Q4 2025 | 28% | -3.9 points |
| Q3 2025 | 30% | -9.8 points |
| Q2 2025 | 31% | -2.2 points |
| Q1 2025 | 20% | -14 points |
| Q4 2024 | 32% | +0.5 points |
WLKP's operating margin was 30% last quarter, up 0.6 points from the same quarter a year ago.
WLKP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $110.5M | +46% |
| Q2 2026 | $117.4M | +$132.7M |
| Q1 2026 | $104.6M | +251% |
| Q4 2025 | $111.6M | -6.3% |
| Q3 2025 | $75.6M | -32% |
| Q2 2025 | -$15.3M | -114% |
| Q1 2025 | $29.8M | -69% |
| Q4 2024 | $119M | +25% |
WLKP generated $444M in free cash flow over the past year, up 112% from the year before.
WLKP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +7.5K shares |
| 1 year | 0% | +7.5K shares |
| 3 years | +0.1% | +25.3K shares |
| 5 years | +0.1% | +48.8K shares |
| Available history | +0.2% | +58.8K shares |
WLKP has 35M diluted shares, about the same as a year ago.
WLKP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
WLKP has more cash than debt.
WLKP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.0 | Neutral |
| Stochastic | 44.0 | Neutral |
WLKP's weekly RSI is 51 (neutral) and its Stochastic is 44 (neutral).
WLKP PE vs Basic Materials Sector
| Metric | WLKP | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 19x | 30% below |
| PE % | 43 | 40 | 3 pts above |
WLKP is trading at 13x earnings, a 30% discount to the Basic Materials sector's median of 19x.
WLKP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.3 | 1.9% above |
| 20 week MA | $21.6 | 0.5% above |
| 50 week MA | $21.6 | 0.4% above |
| 100 week MA | $21.9 | 1% below |
| 200 week MA | $22.2 | 2.2% below |
WLKP has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 2.2% below its 200-week average.
WLKP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.7 | $22.2 | -14% |
| 2021 | $22.2 | $24.9 | +12% |
| 2022 | $24.9 | $21.7 | -13% |
| 2023 | $21.7 | $21.7 | -0.2% |
| 2024 | $21.7 | $23.3 | +7.7% |
| 2025 | $23.3 | $18.7 | -20% |
| 2026 YTD | $18.7 | $21.7 | +16% |
WLKP has finished lower in four of the last six years. It's up 16% so far in 2026.