Filing Flows › Westlake Chemical Partners LP (WLKP) › Q3 2025
Westlake Chemical Partners LP (WLKP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Westlake Chemical Partners LP (WLKP) reported revenue of $309M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +4% from the quarter before. Operating margin was 29.8%, net earnings $14.7M (4.7% of revenue).
Westlake Chemical Partners LP, Q3 2025: revenue $309M (+12% year over year), operating margin 29.8%, net earnings $14.7M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $309M | +4% | +12% |
| Gross profit | $99.4M | +2% | -15% |
| Operating profit | $92.0M | +0.8% | -16% |
| Net earnings | $14.7M | +0.7% | -19% |
| Operating cash flow | $105M | 12× | -17% |
| Free cash flow | $75.6M | — | -32% |
What changed
Revenue was $308.9M in Q3 2025, up 12% year over year and up 4% from the previous quarter.
Gross margin was 32.2%, down 10.0 points from a year earlier. Operating profit was $92.0M, a 29.8% margin (down 9.8 points year over year). Operating profit fell $17.7M even though revenue rose $31.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 12%. Net earnings were $14.7M, down 19% year over year. The effective tax rate was 0.0%.
Operating cash flow was $105.2M (down 17% year over year), 122% of net income including minority interests. Non-cash charges added back $33.9M of depreciation and amortization. Working capital and other items used $14.8M. Capital expenditures of $29.7M left free cash flow of $75.6M.
Questions
What was Westlake Chemical Partners LP's revenue in the third quarter 2025?
Westlake Chemical Partners LP (WLKP) reported revenue of $309M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +4% from the quarter before.
Was Westlake Chemical Partners LP profitable in the third quarter 2025?
Operating profit was $92.0M (29.8% of revenue) and net earnings $14.7M.