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Westlake Chemical Partners LP cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$110M in Q3 2026 · $444M over twelve months

Operating cash flow$122M
Capital spending−$11.7M
Free cash flow+$110M
Cash / net income1.3×

Analysis

In Q3 2026, Westlake Chemical Partners LP generated $122M of operating cash flow and spent $11.7M on capital projects, leaving free cash flow of $110M. That is $34.9M more than in Q3 2025 ($75.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $483M; the largest uses were partners ($316M), other financing ($66.5M), other investing ($52.0M); the cash balance rose by $9.7M.

Operating cash flow was $122M against net income of $90.9M — 1.3× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$32.2M, other operating capital +$1.4M, receivables −$1.2M.

Free cash flow

Westlake Chemical Partners LP: free cash flow by quarterWestlake Chemical Partners LP: free cash flow by quarter$119MQ4 2024$29.8MQ1 2025−$15.3MQ2 2025$75.6MQ3 2025$112MQ4 2025$105MQ1 2026$117MQ2 2026$110MQ3 2026
Operating cash flow less capital spending.
Westlake Chemical Partners LP: operating cash flow against capital spendingWestlake Chemical Partners LP: operating cash flow against capital spendingOperating cash flowCapital spending$132M$13.5MQ4 2024$45.8M$16.0MQ1 2025$9.1M$24.4MQ2 2025$105M$29.7MQ3 2025$120M$8.8MQ4 2025$110M$5.6MQ1 2026$130M$12.5MQ2 2026$122M$11.7MQ3 2026
Latest (Q3 2026): Operating cash flow $122M, Capital spending $11.7M.

Capital allocation, year by year

Westlake Chemical Partners LP: where the cash came from (up) and went (down), by fiscal yearWestlake Chemical Partners LP: where the cash came from (up) and went (down), by fiscal yearOperating cash flowCapital spendingFY2021: Operating cash flow $408MFY2021: Capital spending −$81.2M$408MFY2021FY2022: Operating cash flow $464MFY2022: Capital spending −$54.1M$464MFY2022FY2023: Operating cash flow $452MFY2023: Capital spending −$46.8M$452MFY2023FY2024: Operating cash flow $485MFY2024: Capital spending −$49.0M$485MFY2024FY2025: Operating cash flow $280MFY2025: Capital spending −$78.8M$280MFY2025
Over these 5 years operating cash flow totalled $2.1B; the largest uses were capital spending ($310M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$47.6M
Debtnone
Net cash$47.6M

Westlake Chemical Partners LP funds itself: free cash flow was $444M over the last twelve months, with $47.6M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Westlake Chemical Partners LP: sources (+) and uses (−) of cash, Q3 2026Westlake Chemical Partners LP: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$122MPartners−$73.5MOther investing−$22.0MOther financing−$16.6MCapital spending−$11.7MCash drawn (+) / kept (−)$1.7M
Westlake Chemical Partners LP: sources (+) and uses (−) of cash, TTM to Q3 2026Westlake Chemical Partners LP: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$483MPartners−$316MOther financing−$66.5MOther investing−$52.0MCapital spending−$38.6MCash drawn (+) / kept (−)−$9.7M

From profit to cash

Westlake Chemical Partners LP: net income to operating cash flow, Q3 2026Westlake Chemical Partners LP: net income to operating cash flow, Q3 2026Net income$90.9MDepreciation & amortization$32.2MGains on disposals$1.1MOther non-cash−$180KReceivables−$1.2MInventory−$899KPayables−$541KAccrued liabilities−$103KPrepaid and other assets−$67KOther operating capital$1.4MOperating cash flow$122M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingCash drawn (+) / kept (−)Free cash flow
Q3 2026$122M−$11.7M$1.7M$110M
Q2 2026$130M−$12.5M−$5.0M$117M
Q1 2026$110M−$5.6M−$21K$105M
Q4 2025$120M−$8.8M−$6.3M$112M
Q3 2025$105M−$29.7M−$1.4M$75.6M
Q2 2025$9.1M−$24.4M$13.0M−$15.3M
Q1 2025$45.8M−$16.0M$8.7M$29.8M
Q4 2024$132M−$13.5M$1.9M$119M

Westlake Chemical Partners LP: income statement and cash flow

Westlake Chemical Partners LP, Q3 2026: revenue $314M (+2% year over year), operating margin 30.4%. The chart follows the revenue to costs, profit and cash.

Westlake Chemical Partners LP: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.