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Westlake Chemical Partners LP vs REX American Resources: WLKP and REX compared
Westlake Chemical Partners LP is the larger company: $314M of revenue in its latest quarter (Q3 2026) against $168M for REX American Resources (Q2 FY27). REX American Resources is growing faster (+6% against +2% a year earlier). Westlake Chemical Partners LP is more profitable, with an operating margin of 30.4% against 28.6%.
Where the money goes: WLKP and REX
Westlake Chemical Partners LP (WLKP) · Q3 2026
Westlake Chemical Partners LP, Q3 2026: revenue $314M (+2% year over year), operating margin 30.4%, net earnings $16.2M, operating cash flow $122M. The chart follows the revenue to costs, profit and cash.
REX American Resources (REX) · Q2 FY27
REX American Resources, Q2 FY27: revenue $168M (+6% year over year), operating margin 28.6%, net earnings $34.9M, operating cash flow $40.1M. The chart follows the revenue to costs, profit and cash.
| Westlake Chemical Partners LP (WLKP) | REX American Resources (REX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $314M | $168M |
| Revenue growth, Y/Y | +2% | +6% |
| Gross margin | 33.0% | 31.6% |
| Operating margin | 30.4% | 28.6% |
| Net earnings | $16.2M | $34.9M |
| Net margin | 5.2% | 20.7% |
| Operating cash flow | $122M | $40.1M |
| Free cash flow | $110M | $16.8M |
Where the revenue comes from
REX American Resources
- Ethanol: $126M (75%)
- Dried Distillers Grains: $24.2M (14%)
- Distillers Corn Oil: $17.6M (10%)
- Modified Distillers Grains: $811K (0%)
Questions
Which is bigger, Westlake Chemical Partners LP or REX American Resources?
Westlake Chemical Partners LP is the larger company: $314M of revenue in its latest quarter (Q3 2026) against $168M for REX American Resources (Q2 FY27).
Is Westlake Chemical Partners LP or REX American Resources growing faster?
REX American Resources is growing faster (+6% against +2% a year earlier).
Which is more profitable, Westlake Chemical Partners LP or REX American Resources?
Westlake Chemical Partners LP is more profitable, with an operating margin of 30.4% against 28.6%.
More: Westlake Chemical Partners LP earnings · how Westlake Chemical Partners LP makes money · REX American Resources earnings · how REX American Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Sep 3, 2026). Fiscal quarters can end on different dates. Not investment advice.