Filing Flows › Westlake Chemical Partners LP (WLKP) › Q1 2025
Westlake Chemical Partners LP (WLKP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Westlake Chemical Partners LP (WLKP) reported revenue of $238M for the first quarter 2025 (Q1 2025), -17% from a year earlier and -18% from the quarter before. Operating margin was 19.6%, net earnings $4.9M (2.1% of revenue).
Westlake Chemical Partners LP, Q1 2025: revenue $238M (-16% year over year), operating margin 19.6%, net earnings $4.9M, operating cash flow $45.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $238M | -18% | -17% |
| Gross profit | $54.1M | -45% | -47% |
| Operating profit | $46.6M | -49% | -51% |
| Net earnings | $4.9M | -67% | -67% |
| Operating cash flow | $45.8M | -65% | -56% |
| Free cash flow | $29.8M | -75% | -69% |
What changed
Revenue was $237.6M in Q1 2025, down 17% year over year and down 18% from the previous quarter.
Gross margin was 22.8%, down 13.1 points from a year earlier. Operating profit was $46.6M, a 19.6% margin (down 13.8 points year over year). Operating expenses grew 6% against a revenue fall of 17%. Net earnings were $4.9M, down 67% year over year. The effective tax rate was 0.3%.
Operating cash flow was $45.8M (down 56% year over year), 108% of net income including minority interests. Non-cash charges added back $27.1M of depreciation and amortization. Working capital and other items used $23.6M. Capital expenditures of $16.0M left free cash flow of $29.8M.
Questions
What was Westlake Chemical Partners LP's revenue in the first quarter 2025?
Westlake Chemical Partners LP (WLKP) reported revenue of $238M for the first quarter 2025 (Q1 2025), -17% from a year earlier and -18% from the quarter before.
Was Westlake Chemical Partners LP profitable in the first quarter 2025?
Operating profit was $46.6M (19.6% of revenue) and net earnings $4.9M.