WLKP · Westlake Chemical Partners LP
Market Cap
$761.31M
Shares
35.25M
Volume · Oct 6
52.55K
Avg daily vol (3M)
30.16K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$21.42
Open$21.22
Day$21.19–21.45
52W close$17.87–23.72
Avg vol 30d22K
Short int134K · 0.4% float · 6.2d
Short vol77%
Last earningsAug 4, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 5
Up next
Next earnings call
Nov 1, 2026
Est · unconfirmed
· in 4 wks
filed Aug 5, 2026
call held Aug 4, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$1.23B
Trailing 12 months
Net income (TTM)
$20.24M
Trailing 12 months
Revenue growth YoY
0.0%
Year over year
Operating margin
28.8%
Trailing 12 months
P / E (TTM)
37.6
Trailing earnings · reciprocal yield 2.7%
FCF yield
53.7%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$49.32M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.3%
Year over year · more shares
Price change (1Y)
+0.0%
Trailing year
Short interest
0.4%
Latest settlement · 6.2 days to cover
AI Brief
Q2 FY26 earnings call · Aug 4, 2026
Q2 FY26
TL;DR. Westlake Chemical Partners reported flat Q2 2026 net income of $14.2 million ($0.40/unit) versus a year ago, while MLP distributable cash flow rose to $17.6 million from $15.0 million on higher production and lower maintenance capex; the partnership extended its revolver with Westlake by four years at a 10 bp lower rate and declared its 48th consecutive quarterly distribution of $0.4714/unit.
Bullish
- + MLP distributable cash flow increased to $17.6 million from $15.0 million year-over-year on higher production and lower maintenance capex.
- + Trailing 12-month coverage ratio improved to 1.04x from 1.00x, exceeding the 1.0x threshold.
- + Partnership and OpCo extended their revolver with Westlake by four years through 2031 and achieved a 10 basis point interest rate reduction.
- + Cash flows from operating activities surged to $129.8 million from $9.1 million year-over-year.
- + Declared 48th consecutive quarterly distribution of $0.4714 per unit with no reductions since IPO.
Bearish
- − Q2 2026 net income of $14.2 million was slightly below Q2 2025 net income of $14.6 million.
- − Sequential MLP distributable cash flow decreased to $17.6 million from $17.9 million on higher maintenance capex.
- − Conflict in the Middle East has increased volatility in chemical prices including ethylene, creating a market headwind.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Weak
Sentiment
Bullish
Fundamentals
Strong
Quant / Vol
Very Low
Market backdrop
VIX 15.5 · calm
Equity put/call 0.59
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−2%
below
Price vs 50-day avg
−1%
below
RSI (14)
48
neutral
MACD trend
Positive
52-week position
61%
mid-range
Momentum
relative strength
1-month return
−2%
trailing
6-month return
−5%
trailing
YTD return
+13%
this year
Relative strength
−17%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $22 › 200d $22 — 200d above 50d
Institutional flow
Accumulating
1 of 57 funds reported for Sep 30 · net +500 sh shares · +1 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
0.38% of float · ▼ -0.8% MoM · 6.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
57 holders — mid 3-yr range
Squeeze score
45
elevated · 0–100
Fundamentals
Revenue growth
+3%
Y/Y
Gross margin
30%
contracting
Free cash flow
$201.7M
Quant / Vol
risk profile
Volatility
19%
annualized · 1-yr
Max drawdown
−17%
past year
ATR
1.6%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−2%
Neutral
Price vs 50-day avg
−1%
Neutral
RSI (14)
48
Neutral
MACD trend
Positive
Bullish
52-week position
61%
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $22 › 200d $22 — 200d above 50d
Institutional flow
Accumulating
1 of 57 funds reported for Sep 30 · net +500 sh shares · +1 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
0.38% of float · ▼ -0.8% MoM · 6.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
57 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $18
Now $21 · 61%
Range high $24
vs 200-day avg -2%
vs 50-day avg -1%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Distributions per common unit | $0.47 | three months ended June 30, 2026 filing | — |
| EBITDA non-GAAP | $122.69M | Three Months Ended June 30, 2026 filing | — |
| MLP distributable cash flow non-GAAP | $17.64M | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Chemicals — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WLKP
this stock
Westlake Chemical Partners LP
|
$761.31M | +12.7% | +2.7% | — | 0.4% |
|
SHECF
Shin-Etsu Chemical Co., Ltd.
|
$67.96B | +17.0% | — | — | 0.2% |
|
DOW
Dow Inc.
|
$20.15B | +21.9% | -7.0% | — | 4.9% |
|
NPXYY
Nippon Sanso Holdings Corporation/ADR
|
$15.19B | +17.8% | — | — | 0.0% |
|
CE
Celanese Corp
|
$4.93B | +7.7% | -7.1% | — | 6.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WLKP | -0.6% | -2.1% | -5.2% | +1.0% | +12.7% |
| SPY | +1.2% | +0.6% | +11.6% | +1.6% | +13.6% |
| vs SPY | -1.8% | -2.7% | -16.8% | -0.6% | -0.9% |