Westlake Chemical Partners LP (WLKP)
Westlake Chemical Partners LP operates in the Chemicals industry of the Basic Materials sector, headquartered in Houston, TX, US. The stock last traded at $21.66, up 0.42% on the session, giving a market capitalisation of $763.4M. On trailing twelve-month figures it carries a trailing P/E of 13.29, a net margin of 4.7%. Its beta of 0.51 implies it has historically moved less than the broad market.
Westlake Chemical Partners LP concentrates on acquiring, developing, and operating facilities dedicated to ethylene production, along with related infrastructure, throughout the United States. These plants primarily function by converting ethane into ethylene. Furthermore, the partnership distributes a range of chemical co-products—such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen—directly to external buyers, conducting these sales through either immediate spot transactions or established contractual agreements. Westlake Chemical Partners GP LLC serves as the entity's general partner. The company was founded in 2014 and its corporate headquarters are located in Houston, Texas.
Westlake Chemical Partners LP is most often compared with the following Basic Materials names: