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Westlake Chemical Partners Lp (WLKP)

NYSE: WLKP · Industrial Organic Chemicals · Houston, TX · filing with the SEC since 2014
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Grade5.8
◀ Past 5.9● Present 4.9▶ Future 6.9
2 est.
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The grade of Westlake Chemical Partners Lp

Nine metrics read from its own filings, by tense
Headline grade
5.8/10
◀ Past5.930% of the headline
● Present4.940% of the headline
▶ Future6.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.9/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.1/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 81st percentile among 21 sector filers · read for itself

From the record

Westlake Chemical Partners Lp's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.5/10

What has it actually done, year after year?

+1.9% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 65th percentile among 19 sector filers · read for its customers

From the record

Westlake Chemical Partners Lp's 10 filed years say what it did: revenue went from $987 million in fiscal 2016 to $1.2 billion in fiscal 2025, up 1.9% a year; it rose in 5 of 9 years; the deepest fall was 29% from fiscal 2022 to fiscal 2024; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span1.9%top 50% of its family
  • the share of years revenue rosetop 45% of its family
  • the share of filed years with a profittop 11% of its family
  • the deepest fall from a revenue peak28.7%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.1/10

How has it treated the people who own it?

SI estimate 1.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 12th percentile among 20 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 12% of 20 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 20 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Westlake Chemical Partners Lp's shareholder treatment is put at 1.1 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 12% of 20 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

SI estimate
4.5/10

Is it financially healthy right now?

SI estimate 4.5/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 21 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
No balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 21 members with one.
What the record cannot read
No balance sheet on file.
How it was reasoned
family median, 21 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Westlake Chemical Partners Lp's financial health is put at 4.5 of 10 with a confidence of 20 of 100, because no balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 21 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
6.7/10

How strong is its position in its industry?

top 33% of 20 in its family; net margin 25.6%.

weight 33% of this tense · 67th percentile among 20 sector filers · read for its customers

From the record

Westlake Chemical Partners Lp's standing among 20 graded names in its industry family: revenue of $1.2 billion in fiscal 2025 ranks in the top 37% by size; a net margin of 25.6% ranks in the top 7%; revenue growth of -9.9% a year over the last 3 filed years ranks in the bottom 45% (its annual reports).

What it rests on

  • revenue against the family$1.17Btop 37% of its family
  • net margin25.6%top 7% of its family
  • three-year revenue growth-9.9%bottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.0/10

What are the people in charge doing?

bottom 30% of 17 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 30th percentile among 17 sector filers · read for its shareholders

From the record

Westlake Chemical Partners Lp's leadership, from its insiders' filings and its current reports: the chief executive on the record is Gilson, Jean-Marc (President and CEO, as filed), filing under that title since 2024-07-15, 2.3 years (bottom 44% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 2.9 years (bottom 17%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 29%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 6 peoplebottom 29% of its family
  • the median years the people in charge have filed2.9 yearsbottom 17% of its family
  • the chief executive's years on the record2.3 yearsbottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.4/10

How much room does it have to grow?

top 26% of 20 in its family for room to expand.

weight 45% of this tense · 74th percentile among 20 sector filers · read for itself

From the record

Westlake Chemical Partners Lp's room to grow, from the newest filed statements (fiscal 2025): cash of $44 million against no long-term debt tagged leaves 3.5% of its assets as net cash, top 36% of its family; cash from operations less capital spending is 17.3% of revenue (top 7%); a gross margin of 29.8% (top 36%) (its annual report).

What it rests on

  • cash less debt against assets3.5%top 36% of its family
  • cash from operations less capital spending against revenue17.3%top 7% of its family
  • gross margin29.8%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.8/10

What could actually drive growth from here?

top 32% of 19 in its family for growth drivers.

weight 33% of this tense · 68th percentile among 19 sector filers · read for its customers

From the record

Westlake Chemical Partners Lp's growth drivers, from the filed years to fiscal 2025: revenue grew -9.9% a year over the last three filed years against 1.9% over all 10, slowing (top 45% of its family); the newest year grew 2.7% (top 24%); capital spending grew 13.3% a year (top 26%) (its annual reports). Westlake Chemical Partners Lp tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-11.7 points a yeartop 45% of its family
  • the newest year's revenue growth2.7%top 24% of its family
  • three-year growth of capital spending13.3%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.2/10

Did its newest year beat what its own record pointed to?

top 38% of 19 in its family for expectations against reality.

weight 22% of this tense · 62nd percentile among 19 sector filers · read for its shareholders

From the record

Westlake Chemical Partners Lp's newest year against its own record: revenue of $1.2 billion in fiscal 2025 came in 21.6% above the $959 million its prior three years' pace pointed to (top 13% of its family); net income of $299 million against a prior three-year average of $346 million (bottom 45%); a net margin of 25.6% against 27.2% before (top 45%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace21.6%top 13% of its family
  • net income against the prior three years' average-14%bottom 45% of its family
  • net margin against its prior average-1.6 pointstop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton WLKP · research, not advice