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Upturn AI SWOT - About
WLKP 
Westlake Chemical Partners LP (WLKP)
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Upturn Advisory Summary
03/27/2025: WLKP (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -15.89% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 818.95M USD | Price to earnings Ratio 13.13 | 1Y Target Price 25.67 |
Price to earnings Ratio 13.13 | 1Y Target Price 25.67 | ||
Volume (30-day avg) 37253 | Beta 1.05 | 52 Weeks Range 19.98 - 25.04 | Updated Date 04/2/2025 |
52 Weeks Range 19.98 - 25.04 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 8.11% | Basic EPS (TTM) 1.77 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.49% | Operating Margin (TTM) 33.87% |
Management Effectiveness
Return on Assets (TTM) 18.74% | Return on Equity (TTM) 43.8% |
Valuation
Trailing PE 13.13 | Forward PE 12 | Enterprise Value 1160302041 | Price to Sales(TTM) 0.72 |
Enterprise Value 1160302041 | Price to Sales(TTM) 0.72 | ||
Enterprise Value to Revenue 1.02 | Enterprise Value to EBITDA 2.29 | Shares Outstanding 35238600 | Shares Floating 19254347 |
Shares Outstanding 35238600 | Shares Floating 19254347 | ||
Percent Insiders 44.84 | Percent Institutions 34.26 |
Analyst Ratings
Rating 4 | Target Price 25.33 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Westlake Chemical Partners LP
Company Overview
History and Background
Westlake Chemical Partners LP (WLKP) was formed in 2014 by Westlake Chemical Corporation (WLK) to operate, acquire, and develop qualified assets. It focuses on downstream activities in the ethylene production chain.
Core Business Areas
- Ethylene Production: WLKP owns ethylene pipelines and ethylene production facilities. Ethylene is a key building block for many chemical products, and WLKP supplies ethylene to Westlake Chemical Corporation under a long-term contract.
Leadership and Structure
WLKP is managed by the general partner, Westlake Chemical Partners GP LLC, which is wholly owned by Westlake Chemical Corporation. Albert Chao serves as the Chairman and CEO. The organizational structure is designed to leverage Westlake Chemical Corporation's operational expertise.
Top Products and Market Share
Key Offerings
- Ethylene: WLKP primarily produces and sells ethylene to Westlake Chemical Corporation under a long-term supply agreement. Market share data is difficult to pinpoint exactly for WLKP specifically, as it is a master limited partnership (MLP) that operates within the larger Westlake Chemical ecosystem. Competitors include companies producing ethylene on a large scale, such as Dow (DOW), LyondellBasell (LYB), and ExxonMobil (XOM).
Market Dynamics
Industry Overview
The ethylene market is driven by demand for polyethylene, PVC, and other derivative products. The industry is cyclical and influenced by feedstock costs (primarily natural gas) and global economic growth.
Positioning
WLKP is positioned as a stable, fee-based MLP that provides a steady stream of ethylene to its parent company, Westlake Chemical Corporation. Its competitive advantage lies in its long-term contract with Westlake Chemical and its operational efficiency.
Total Addressable Market (TAM)
The global ethylene market is expected to reach hundreds of billions of dollars. WLKP's positioning is tied to Westlake Chemical Corporation's overall strategy within this broader market.
Upturn SWOT Analysis
Strengths
- Stable cash flows from long-term contract
- Strong relationship with Westlake Chemical Corporation
- Operational efficiencies
- Fee-based revenue model
Weaknesses
- Dependence on Westlake Chemical Corporation
- Limited diversification
- Sensitivity to ethylene market fluctuations
- High debt levels compared to peers
Opportunities
- Potential for future asset acquisitions from Westlake Chemical Corporation
- Expansion of ethylene production capacity
- Growth in demand for ethylene derivatives
- Optimization of existing operations
Threats
- Changes in the supply agreement with Westlake Chemical Corporation
- Fluctuations in natural gas prices
- Increased competition in the ethylene market
- Regulatory changes affecting the chemical industry
Competitors and Market Share
Key Competitors
- DOW
- LYB
- XOM
Competitive Landscape
WLKP's competitive advantage is its relationship with WLK. Competitors like DOW and LYB have scale and diversification advantages.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to ethylene production volumes and pricing, and any asset acquisitions.
Future Projections: Analyst estimates for future growth would be based on expectations for ethylene demand and any planned capacity expansions.
Recent Initiatives: Recent initiatives include operational improvements and potential asset acquisitions from Westlake Chemical Corporation.
Summary
Westlake Chemical Partners LP benefits from its affiliation with Westlake Chemical Corporation and a stable, fee-based revenue model. However, its dependence on WLK and sensitivity to ethylene market conditions pose risks. Future growth depends on strategic initiatives and market demand. Its strengths are outweighed by its limited diversification.
Similar Companies
DOW
Dow Inc
DOW
Dow Inc
LYB
LyondellBasell Industries NV
LYB
LyondellBasell Industries NV
WLK
Westlake Chemical Corporation
WLK
Westlake Chemical Corporation
Sources and Disclaimers
Data Sources:
- Company filings (e.g., 10-K, 10-Q)
- Industry reports
- Analyst estimates
- Company Website
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Westlake Chemical Partners LP
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 2014-07-30 | President, CEO & Director Mr. Jean-Marc Gilson | ||
Sector Basic Materials | Industry Chemicals | Full time employees - | Website https://www.wlkpartners.com |
Full time employees - | Website https://www.wlkpartners.com | ||
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities which primarily convert ethane into ethylene. It also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. Westlake Chemical Partners LP was founded in 1991 and is headquartered in Houston, Texas.
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