Westlake Chemical Partners LP
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- Westlake Chemical Partners LP is a Houston-based limited partnership formed by Westlake Corporation to acquire, develop, and operate ethylene production facilities and related assets in the United States. The company owns a 22.8% interest in Westlake Chemical OpCo LP, whose assets include three ethylene production facilities located in Calvert City, Kentucky, and Lake Charles, Louisiana, as well as an ethylene pipeline. Westlake Chemical Partners primarily produces ethylene through the conversion of ethane and sells ethylene co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to third parties on spot or contract basis. The partnership benefits from a long-term Ethylene Sales Agreement with Westlake Corporation, securing 95% of OpCo’s ethylene production under a fee-based, take-or-pay structure that provides stable and predictable cash flows. Recent major company developments include the renewal of the Ethylene Sales Agreement with Westlake Corporation through December 31, 2027, preserving existing pricing formulas and sales volume protections, which supports the partnership’s distributable cash flow and has enabled 45 consecutive quarterly distributions since its 2014 initial public offering. In early 2025, Westlake Chemical Partners completed a planned turnaround at the Petro 1 ethylene unit, restoring production to nameplate capacity and maintaining operational stability. The company also strategically deferred a turnaround in 2024 to capture attractive third-party ethylene prices, improving distributable cash flow and coverage ratio for that year. Westlake Chemical Partners operates within the petrochemical industry segment, focusing on ethylene and related petrochemical production. It serves industrial markets requiring fundamental chemical building blocks, including those that utilize ethylene and associated co-products for downstream manufacturing. Founded in 1991 and headquartered in Houston, Texas, the partnership is closely integrated with Westlake Corporation, which is a leading international manufacturer of petrochemicals, polymers, and building products. The Partnership’s business model emphasizes asset development, acquisitions, and long-term sales agreements to ensure operational efficiency and cash flow predictability.
Westlake Chemical Partners LP Common Units (WLKP) Q1 2026 Earnings Call Transcript
Westlake Chemical Partners LP Announces First Quarter 2026 Results
Westlake Chemical Partners LP Announces First Quarter 2026 Distribution
Westlake Chemical Partners Appoints Jonathan H. Baksht as Senior Vice President and Chief Financial Officer
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7 Ideal 'Safer' Dividend Buys In 38 February ReFa/Ro Dogs
Westlake Chemical Partners LP Filed Annual Report
WLKP Reports Earnings
Westlake Chemical Partners LP Common Units (WLKP) Q4 2025 Earnings Call Transcript
Westlake Chemical Partners LP Announces Fourth Quarter and Full Year 2025 Results
Readers Spot 8 Ideal Buys Out Of 17 'Safer' Dividend Dogs In January
Westlake Chemical Partners Announce Fourth Quarter and Full Year Earnings for 2025 Conference Call
Westlake Chemical Partners LP Announces Fourth Quarter 2025 Distribution
17 Ideal 'Safer' Dividend Buys From 30 Of 73 November Graham Value All-Stars (GVAS)
68 Graham Value All-Star (GVAS) November Dividend Dogs Show 27 'Safer' And 17 Ideal Buys
Westlake Chemical Partners LP Common Units (WLKP) Q3 2025 Earnings Call Transcript
Westlake Chemical Partners LP Announces Third Quarter 2025 Results
Westlake Chemical Partners Announces Renewal of Ethylene Sales Agreement