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Westlake Chemical Partners LP

CIK: 1604665 SIC: 2860
$1.17B
Revenue
$48.70M
Net Income
29.81%
Gross Margin
27.39%
Op. Margin
$245.99M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 12 annual reports available (2014 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $1.17B $1.17B $1.14B $1.19B $1.59B $1.21B
Revenue Growth % 0.0% 2.7% -4.6% -25.3% 31.1% nan%
Cost of Revenue $818.85M $818.85M $716.96M $803.33M $1.22B $773.15M
+ Gross Profit $347.85M $347.85M $418.94M $387.46M $377.37M $441.71M
Gross Margin % 29.8% 29.8% 36.9% 32.5% 23.7% 36.4%
Selling General & Admin $28.27M $28.27M $28.50M $29.75M $29.68M $31.02M
+ Operating Income $319.58M $319.58M $390.44M $357.71M $347.69M $410.69M
Operating Margin % 27.4% 27.4% 34.4% 30.0% 21.8% 33.8%
Interest Expense $23.24M $23.24M $26.53M $24.54M $13.41M -
Other Income/Expense $2.44M $2.44M $5.25M $4.23M $1.57M $62.00K
Income Before Tax $299.12M $299.12M $369.99M $335.44M $335.85M $401.93M
Income Tax Expense $547.00K $547.00K $835.00K $813.00K $1.02M $549.00K
+ Net Income $48.70M $48.70M $62.39M $54.28M $64.17M $82.55M
Net Margin % 4.2% 4.2% 5.5% 4.6% 4.0% 6.8%
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $44.27M $58.32M $58.62M $64.78M $17.06M
Accounts Receivable $9.11M $11.58M $18.70M $20.03M -
Inventory $2.77M $4.06M $4.43M $4.71M $8.90M
Other Current Assets $406.00K $444.00K $442.00K $305.00K $396.00K
Total Current Assets $143.51M $240.93M $226.20M $245.79M $281.21M
Property Plant & Equipment $886.01M $903.59M $943.84M $990.21M $1.04B
Goodwill $5.81M $5.81M $5.81M $5.81M $5.81M
Total Assets $1.26B $1.29B $1.32B $1.37B $1.48B
Accounts Payable - - - $15.32M $35.10M
Accrued Liabilities $22.20M $16.92M $24.98M $17.54M $60.90M
Total Current Liabilities $51.30M $55.37M $56.34M $66.94M $106.80M
Deferred Tax Liabilities $1.55M $1.55M $1.63M $1.66M $1.53M
Other Non-current Liabilities $1.66M $2.05M $2.95M - -
Total Liabilities $454.18M $458.64M $460.59M $468.27M $508.00M
Total Liabilities & Equity $1.26B $1.29B $1.32B $1.37B $1.48B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $48.70M $48.70M $62.39M $54.28M $64.17M $82.55M
Depreciation & Amortization $214.60M $127.98M $111.90M $110.20M $121.07M $108.81M
Change in Inventory $-3.41M $-1.29M $-374.00K $-283.00K $-4.18M $5.42M
Change in Payables $45.89M $-2.35M $-2.69M $1.57M $-17.00M $19.78M
Operating Cash Flow $381.10M $280.47M $485.00M $452.00M $463.74M $408.44M
Capital Expenditure $135.11M $78.82M $48.97M $46.82M $54.12M $81.17M
Investing Cash Flow $94.89M $31.18M $-88.97M $-75.94M $-12.00M $-64.30M
Financing Cash Flow $-520.47M $-325.70M $-396.33M $-382.23M $-404.01M $-344.24M
Net Change in Cash $-44.48M $-14.05M $-303.00K $-6.16M $47.73M $-97.00K
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $308.90M - $843.65M -
Cost of Revenue $209.47M - $592.61M -
Gross Profit $99.42M - $251.04M -
Selling General & Admin $7.44M - $21.22M -
Operating Income $91.98M - $229.82M -
Interest Expense $5.95M - $17.39M -
Other Income/Expense $224.00K - $2.25M -
Income Before Tax $86.26M - $214.67M -
Income Tax Expense $42.00K - $354.00K -
Net Income $14.65M $88.03M $34.16M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $37.94M $58.32M
Accounts Receivable $16.14M $11.58M
Inventory $3.08M $4.06M
Other Current Assets $641.00K $444.00K
Total Current Assets $130.86M $240.93M
Property Plant & Equipment $902.81M $903.59M
Goodwill $5.81M $5.81M
Total Assets $1.27B $1.29B
Accrued Liabilities $32.04M $16.92M
Total Current Liabilities $55.13M $55.37M
Deferred Tax Liabilities $1.52M $1.55M
Other Non-current Liabilities $1.98M $2.05M
Total Liabilities $458.30M $458.64M
Total Liabilities & Equity $1.27B $1.29B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $14.65M $88.03M $34.16M -
Depreciation & Amortization - - $93.42M -
Change in Inventory - - $-980.00K -
Change in Payables - - $-508.00K -
Operating Cash Flow - - $160.09M -
Capital Expenditure - - $69.99M -
Investing Cash Flow - - $50.01M -
Financing Cash Flow - - $-230.48M -
Net Change in Cash - - $-20.38M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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