Westlake Chemical Partners LP (WLKP) Income Statement Analysis

See more : United Lithium Corp. (ULTHF) Income Statement Analysis – Financial Results

Complete financial analysis of Westlake Chemical Partners LP (WLKP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Westlake Chemical Partners LP, a leading company in the Chemicals industry within the Basic Materials sector.

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Westlake Chemical Partners LP (WLKP)

Industry: Chemicals

Sector: Basic Materials

Website: https://www.wlkpartners.com

About Westlake Chemical Partners LP

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was incorporated in 2014 and is headquartered in Houston, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	1.19B	1.59B	1.21B	966.67M	1.09B	1.29B	1.17B	986.74M	1.01B	1.75B	2.13B	2.25B	2.25B
Cost of Revenue	803.33M	1.22B	773.15M	587.79M	712.44M	908.46M	769.31M	595.41M	624.34M	1.00B	1.26B	1.61B	1.84B
Gross Profit	387.46M	377.37M	441.71M	378.88M	379.43M	377.16M	403.67M	391.33M	382.88M	745.81M	872.61M	635.65M	409.10M
Gross Profit Ratio	32.54%	23.69%	36.36%	39.19%	34.75%	29.34%	34.41%	39.66%	38.01%	42.63%	41.01%	28.26%	18.17%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	27.09M	26.62M	28.58M	22.16M	26.95M	24.62M	27.26M	21.97M	20.68M	21.30M	24.05M	22.49M	0.00
Selling & Marketing	2.67M	3.06M	2.44M	3.73M	2.33M	2.97M	2.00M	2.92M	2.87M	7.95M	1.40M	1.62M	0.00
SG&A	29.75M	29.68M	31.02M	25.90M	29.28M	27.59M	29.26M	24.89M	23.55M	29.26M	25.45M	24.10M	24.31M
Other Expenses	0.00	1.57M	62.00K	733.00K	3.10M	2.46M	1.79M	601.00K	160.00K	3.15M	7.70M	4.19M	2.80M
Operating Expenses	29.75M	29.68M	31.02M	25.90M	29.28M	27.59M	29.26M	24.89M	23.55M	29.26M	25.45M	24.10M	24.31M
Cost & Expenses	833.08M	1.25B	804.17M	613.68M	741.72M	936.05M	798.57M	620.29M	647.89M	1.03B	1.28B	1.64B	1.87B
Interest Income	0.00	13.41M	8.82M	12.04M	19.62M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	26.50M	13.41M	8.82M	12.04M	19.62M	21.43M	21.86M	12.61M	4.97M	10.50M	8.03M	8.94M	8.95M
Depreciation & Amortization	110.20M	121.07M	108.81M	103.15M	107.32M	108.84M	113.99M	98.21M	81.21M	77.61M	73.46M	64.26M	57.19M
EBITDA	472.14M	470.33M	519.56M	456.88M	460.57M	460.87M	490.18M	464.92M	440.51M	797.32M	928.32M	679.99M	444.78M
EBITDA Ratio	39.65%	29.52%	42.77%	47.26%	42.18%	35.85%	41.79%	47.15%	43.75%	45.57%	43.63%	30.23%	19.76%
Operating Income	357.71M	347.69M	410.69M	352.99M	350.15M	349.57M	374.41M	366.44M	359.33M	716.56M	847.16M	611.55M	384.79M
Operating Income Ratio	30.04%	21.82%	33.81%	36.52%	32.07%	27.19%	31.92%	37.14%	35.68%	40.95%	39.81%	27.19%	17.09%
Total Other Income/Expenses	-22.27M	-11.84M	-8.75M	-11.31M	-16.53M	-18.98M	-20.07M	-12.01M	-4.81M	-7.35M	-331.00K	-4.75M	-6.14M
Income Before Tax	335.44M	335.85M	401.93M	341.68M	333.62M	330.59M	354.34M	354.44M	354.53M	709.21M	846.83M	606.80M	378.64M
Income Before Tax Ratio	28.17%	21.08%	33.08%	35.35%	30.56%	25.71%	30.21%	35.92%	35.20%	40.53%	39.80%	26.98%	16.82%
Income Tax Expense	813.00K	1.02M	549.00K	564.00K	728.00K	22.00K	1.28M	1.04M	672.00K	199.39M	300.28M	210.88M	131.67M
Net Income	54.28M	334.83M	401.39M	341.12M	332.90M	49.35M	48.67M	40.94M	39.83M	13.58M	546.55M	395.92M	246.97M
Net Income Ratio	4.56%	21.02%	33.04%	35.29%	30.49%	3.84%	4.15%	4.15%	3.95%	0.78%	25.69%	17.60%	10.97%
EPS	1.54	9.51	11.40	9.69	9.65	1.53	1.72	1.50	1.47	0.50	21.54	15.60	9.73
EPS Diluted	1.54	9.51	11.40	9.69	9.65	1.51	1.72	1.50	1.47	0.50	21.54	15.60	9.73
Weighted Avg Shares Out	35.22M	35.22M	35.21M	35.20M	34.49M	32.24M	28.39M	27.06M	27.06M	27.06M	25.37M	25.37M	25.37M
Weighted Avg Shares Out (Dil)	35.22M	35.22M	35.21M	35.20M	34.49M	32.68M	28.39M	27.29M	27.10M	27.06M	25.37M	25.37M	25.37M

Westlake Chemical Partners LP Announces First Quarter 2022 Distribution

May 2, 2022businesswire.com

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 31st quarterly distribution announced by the Partnership...

Westlake Chemical Partners Announce First Quarter 2022 Earnings Conference Call

April 20, 2022businesswire.com

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its first quarter 2022 earnings prior to the market opening on Tuesday, May 3, 2022. The company will host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) on...

Westlake Chemical Partners Announce First Quarter 2022 Earnings Conference Call

April 20, 2022businesswire.com

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March 21, 2022investorplace.com

These seven low P/E value stocks offer good upside potential to investors given their earnings growth prospects and cheap valuations. The post 7 Low P/E Value Stocks That Are Poised to Rebound This Year appeared first on InvestorPlace.

Westlake Chemical Partners LP Filed Annual Report

March 2, 2022businesswire.com

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") announced that it filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission on March 2, 2022. A copy of...

Westlake Chemical Partners 2021 K-1 Tax Packages Now Available

February 22, 2022businesswire.com

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners L.P. (NYSE:WLKP) today announced that its 2021 tax packages, including schedule K-1s, are now available online. They may be accessed online through the K-1 Tax Package Support website www.taxpackagesupport.com/wlkp. First time users will need to sign...

Westlake Chemical Partners 2021 K-1 Tax Packages Now Available

February 22, 2022businesswire.com

Westlake Chemical Partners LP Announces Record Fourth Quarter and Full Year 2021 Results

February 22, 2022businesswire.com

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported record net income attributable to the Partnership in the fourth quarter of 2021 of $29.5 million, or $0.84 per limited partner unit, an increase of $14.5 million compared to...