Filing Flows › Westlake Chemical Partners LP (WLKP) › Q4 2025
Westlake Chemical Partners LP (WLKP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Westlake Chemical Partners LP (WLKP) reported revenue of $323M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +5% from the quarter before. Operating margin was 27.8%, net earnings $14.5M (4.5% of revenue).
Westlake Chemical Partners LP, Q4 2025: revenue $323M (+11% year over year), operating margin 27.8%, net earnings $14.5M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $323M | +5% | +11% |
| Gross profit | $96.8M | -3% | -2% |
| Operating profit | $89.8M | -2% | -2% |
| Net earnings | $14.5M | -0.8% | -3% |
| Operating cash flow | $120M | +14% | -9% |
| Free cash flow | $112M | +48% | -6% |
What changed
Revenue was $323.0M in Q4 2025, up 11% year over year and up 5% from the previous quarter.
Gross margin was 30.0%, down 4.0 points from a year earlier. Operating profit was $89.8M, a 27.8% margin (down 3.9 points year over year). Operating profit fell $2.3M even though revenue rose $33.0M versus a year earlier, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 11%. Net earnings were $14.5M, down 3% year over year. The effective tax rate was 0.2%.
Operating cash flow was $120.4M (down 9% year over year), 143% of net income including minority interests. Non-cash charges added back $34.6M of depreciation and amortization. Capital expenditures of $8.8M left free cash flow of $111.5M.
Questions
What was Westlake Chemical Partners LP's revenue in the fourth quarter 2025?
Westlake Chemical Partners LP (WLKP) reported revenue of $323M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +5% from the quarter before.
Was Westlake Chemical Partners LP profitable in the fourth quarter 2025?
Operating profit was $89.8M (27.8% of revenue) and net earnings $14.5M.