Westlake Chemical Partners LPWLKPEarnings & Financial Report
Westlake Chemical Partners LP is a petrochemical limited partnership that manufactures and markets basic products including ethylene, polyethylene, and styrene monomers. It operates mainly in North America, serving packaging, construction, consumer goods, and industrial manufacturing sectors.
Revenue
$284.2M
Gross Profit
$101.2M
Operating Profit
$93.6M
Net Profit
$14.4M
Gross Margin
35.6%
Operating Margin
32.9%
Net Margin
5.1%
YoY Growth
7.6%
Financial Flow
Westlake Chemical Partners LP Q2 2024 Financial Summary
Westlake Chemical Partners LP reported revenue of $284.2M (up 7.6% YoY) for Q2 2024, with a net profit of $14.4M (up 21.4% YoY) (5.1% margin). Cost of goods sold was $182.9M, operating expenses totaled $7.6M.
Key Financial Metrics
| Total Revenue | $284.2M |
|---|---|
| Net Profit | $14.4M |
| Gross Margin | 35.6% |
| Operating Margin | 32.9% |
| Report Period | Q2 2024 |
Revenue Breakdown
Westlake Chemical Partners LP Q2 2024 revenue of $284.2M breaks down across 2 segments, led by Affiliated Entity at $239.5M (84.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Affiliated Entity | $239.5M | 84.3% |
| Nonrelated Party | $44.6M | 15.7% |
Westlake Chemical Partners LP Revenue by Segment — Quarterly Trend
Westlake Chemical Partners LP revenue by segment across the last 4 reported quarters, showing how each business line (such as Affiliated Entity and Nonrelated Party) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Affiliated Entity | $296.9M | $276.5M | $269.1M | $190.8M |
| Nonrelated Party | $26.2M | $32.4M | $28.0M | $46.8M |
Westlake Chemical Partners LP Annual Revenue by Year
Westlake Chemical Partners LP annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.2B |
| 2024 | $1.1B |
| 2023 | $933.3M |
| 2022 | $250.2M |
Westlake Chemical Partners LP Quarterly Revenue & Net Profit History
Westlake Chemical Partners LP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $323.0M | +11.4% | $14.5M | 4.5% |
| Q3 2025 | $308.9M | +11.5% | $14.7M | 4.7% |
| Q2 2025 | $297.1M | +4.6% | $14.6M | 4.9% |
| Q1 2025 | $237.6M | -16.5% | $4.9M | 2.1% |
| Q4 2024 | $290.1M | -2.4% | $15.0M | 5.2% |
| Q3 2024 | $277.0M | -13.9% | $18.1M | 6.5% |
| Q2 2024 | $284.2M | +7.6% | $14.4M | 5.1% |
| Q1 2024 | $284.7M | +467.0% | $14.8M | 5.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $284.7M | $284.2M | $277.0M | $290.1M | $237.6M | $297.1M | $308.9M | $323.0M |
| YoY Growth | 467.0% | 7.6% | -13.9% | -2.4% | -16.5% | 4.6% | 11.5% | 11.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.30B | $1.29B | $1.29B | $1.29B | $1.37B | $1.31B | $1.27B | $1.26B |
| Liabilities | $446.8M | $453.5M | $456.9M | $458.6M | $568.2M | $476.0M | $458.3M | $454.2M |
| Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $104.6M | $121.9M | $126.1M | $132.5M | $45.8M | $9.1M | $105.2M | $120.4M |