WLKP NYSE
Westlake Chemical Partners LP
1W: +1.1%
1M: -2.1%
3M: -4.0%
YTD: +14.0%
1Y: +12.2%
3Y: +19.5%
5Y: +16.5%
$21.15
+0.02 (+0.09%)
After Hours: $21.02 (-0.12, -0.59%)
Weekly Expected Move ±1.5%
$21
$21
$21
$21
$22
Credit Risk of going bust: lower than 84% of companies Debt: 34.9% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.46 (down 98%), Westlake Chemical Partners LP would be worth roughly what it owes.
Total debt $399.7M against a stock market value of $744.7M.
Distance to default 10.75 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $199.8M (short-term plus half of long-term), stock volatility 18.4%; Altman Z 3.09. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.46 (down 98%), Westlake Chemical Partners LP would be worth roughly what it owes.
Total debt $399.7M against a stock market value of $744.7M.
Distance to default 10.75 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $199.8M (short-term plus half of long-term), stock volatility 18.4%; Altman Z 3.09. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$280M
-42.2% ▼
5Y CAGR: -5.6%
Capital Expenditures
$79M
-60.9% ▼
5Y CAGR: +16.3%
Free Cash Flow
$202M
-53.8% ▼
5Y CAGR: -9.7%
Dividends Paid
$66M
-0.0% ▼
Buybacks
$0
+0.0% ▲
Net Change in Cash
-$14M
-4536.0% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $401M | $335M | $54M | $369M | $299M |
| Depreciation & Amort. | $109M | $121M | $110M | $112M | $128M |
| Stock-Based Comp. | $436K | $282K | $349K | $0 | $0 |
| Change in Working Capital | -$106M | $8M | $2M | $2M | -$149M |
| Other Non-Cash Items | $4M | $471M | $285M | $2M | $3M |
| Operating Cash Flow | $408M | $464M | $452M | $485M | $280M |
| — Investing Activities — | |||||
| Capital Expenditures | -$81M | -$54M | -$47M | -$49M | -$79M |
| Acquisitions (Net) | $0 | $320M | $0 | $0 | $0 |
| Investment Purchases | -$276M | -$320M | -$174M | -$40M | -$10M |
| Investment Sales | $293M | $362M | $145M | $0 | $120M |
| Other Investing | -$130K | -$320M | $0 | $0 | $0 |
| Investing Cash Flow | -$64M | -$12M | -$76M | -$89M | $31M |
| — Financing Activities — | |||||
| Net Debt Issuance | $0 | $0 | $0 | $0 | $0 |
| Stock Repurchased | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$66M | -$66M | -$66M | -$66M | -$66M |
| Other Financing | -$278M | -$338M | -$316M | -$330M | -$259M |
| Financing Cash Flow | -$344M | -$404M | -$382M | -$396M | -$326M |
| Net Change in Cash | -$97K | $48M | -$6M | -$303K | -$14M |
| Cash End of Period | $17M | $65M | $59M | $58M | $44M |
| Free Cash Flow | $327M | $410M | $405M | $436M | $202M |