Filing Flows › Westlake Chemical Partners LP (WLKP) › Q2 2025
Westlake Chemical Partners LP (WLKP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Westlake Chemical Partners LP (WLKP) reported revenue of $297M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +25% from the quarter before. Operating margin was 30.7%, net earnings $14.6M (4.9% of revenue).
Westlake Chemical Partners LP, Q2 2025: revenue $297M (+5% year over year), operating margin 30.7%, net earnings $14.6M, operating cash flow $9.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $297M | +25% | +5% |
| Gross profit | $97.5M | +80% | -4% |
| Operating profit | $91.2M | +96% | -3% |
| Net earnings | $14.6M | +194% | +0.9% |
| Operating cash flow | $9.1M | -80% | -93% |
What changed
Revenue was $297.1M in Q2 2025, up 5% year over year and up 25% from the previous quarter.
Gross margin was 32.8%, down 2.8 points from a year earlier. Operating profit was $91.2M, a 30.7% margin (down 2.2 points year over year). Operating profit fell $2.4M even though revenue rose $13.0M versus a year earlier, so costs grew faster than sales. Operating expenses fell 17% while revenue rose 5%. Net earnings were $14.6M, up 1% year over year. The effective tax rate was 0.2%.
Operating cash flow was $9.1M (down 93% year over year), 11% of net income including minority interests. Non-cash charges added back $32.5M of depreciation and amortization. Working capital and other items used $109.2M. Capital expenditures of $24.4M exceeded it, leaving free cash flow of −$15.3M.
Questions
What was Westlake Chemical Partners LP's revenue in the second quarter 2025?
Westlake Chemical Partners LP (WLKP) reported revenue of $297M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +25% from the quarter before.
Was Westlake Chemical Partners LP profitable in the second quarter 2025?
Operating profit was $91.2M (30.7% of revenue) and net earnings $14.6M.