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Westlake Chemical Partners LP (WLKP) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Westlake Chemical Partners LP (WLKP) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $314M · 5¢ of every $1 of revenue kept as net profit · operating margin 30.4%
Westlake Chemical Partners LP made $314M in Q3 2026 (+2% Y/Y). Operating margin 30.4%, net earnings $16.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
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What changed this quarter
Revenue was $314.5M in Q3 2026, up 2% year over year and up 6% from the previous quarter.
Gross margin was 33.0%, up 0.9 points from Q3 2025. Operating profit was $95.6M, a 30.4% margin (up 0.6 points year over year). Of the extra revenue versus Q3 2025, 64% reached operating profit, above the 30% margin then. Operating expenses grew 12% against revenue growth of 2%. Net earnings were $16.2M, up 11% year over year. The effective tax rate was 0.2%.
Operating cash flow was $122.2M (up 16% year over year), 134% of net income including minority interests. Non-cash charges added back $32.2M of depreciation and amortization. Capital expenditures of $11.7M left free cash flow of $110.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $314M | +2% | 30.4% | $16.2M | $122M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $297M | 0% | 29.4% | $14.2M | $130M |
| Q1 2026 | 10-Q | May 6, 2026 | $306M | +29% | 28.3% | $14.2M | $110M |
| Q4 2025 | 10-K | Mar 4, 2026 | $323M | +11% | 27.8% | $14.5M | $120M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $309M | +12% | 29.8% | $14.7M | $105M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $297M | +5% | 30.7% | $14.6M | $9.1M |
| Q1 2025 | 10-Q | May 2, 2025 | $238M | -16% | 19.6% | $4.9M | $45.8M |
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
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About Westlake Chemical Partners LP
We are a Delaware limited partnership formed by Westlake in March 2014 to operate, acquire and develop ethylene production facilities and related assets. On August 4, 2014, we completed our initial public offering (the "IPO") of 12,937,500 common units representing limited partner interests. In connection with the IPO, we acquired an initial 10.6% interest in OpCo and a 100% interest in OpCo GP, which is the general partner of OpCo. As of December 31, 2018, we had an aggregate 18.3% limited partner interest in OpCo. On March 29, 2019, we completed a private placement of 2,940,818 common units and used the net proceeds to purchase an additional 4.5% interest in OpCo, effective January 1, 2019, resulting in us owning an aggregate 22.8% limited partner interest in OpCo.
In its own words, from its 10-K, filed Mar 4, 2026.
Westlake Chemical Partners LP against its Industrial Organic Chemicals peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +5%. Operating margin: 30.4% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WLKP Westlake Chemical Partners LP | Q3 2026 | $314M | +2% | 30.4% |
| LYB LyondellBasell Industries N.V. | Q3 2026 | $8.5B | +10% | 12.6% |
| WLK Westlake | Q3 2026 | $3.0B | +5% | 1.4% |
| IFF International Flavors & Fragrances | Q3 2026 | $1.9B | +4% | 8.2% |
| Union Carbide | Q3 2026 | $1.5B | +38% | 29.6% |
| NEU Newmarket | Q3 2026 | $717M | +4% | 20.0% |
| GPRE Green Plains | Q3 2026 | $496M | -2% | 18.7% |
| SXT Sensient Technologies | Q3 2026 | $456M | +11% | 15.9% |
| ALTO Alto Ingredients | Q3 2026 | $258M | +7% | 2.7% |
Source: Westlake Chemical Partners LP 10-Q on SEC EDGAR · CIK 1604665 · Industrial Organic Chemicals
Guidance and outlook
13F: who owns WLKP and who is buying
More on WLKP
- How Westlake Chemical Partners LP makes money: revenue by segment
- Westlake Chemical Partners LP next earnings date and what analysts expect
- Westlake Chemical Partners LP stock forecast, price target and fair value
- Who owns Westlake Chemical Partners LP stock: holders, funds and Congress trades
- Westlake Chemical Partners LP guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
Compare WLKP with
- Westlake Chemical Partners LP vs Newmarket (WLKP vs NEU)
- Westlake Chemical Partners LP vs Green Plains (WLKP vs GPRE)
- Westlake Chemical Partners LP vs Sensient Technologies (WLKP vs SXT)
- Westlake Chemical Partners LP vs Alto Ingredients (WLKP vs ALTO)
- Westlake Chemical Partners LP vs REX American Resources (WLKP vs REX)