WLKP Stock Summary and Trading Ideas (Westlake Chemical Partners LP Common Units Representing Limited Partner Interests | NYSE:WLKP)

Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develops ethylene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.

Westlake Chemical Partners LP Common Units Representing Limited Partner Interests trades on the NYSE stock market under the symbol WLKP.

As of March 5, 2026, WLKP stock price climbed to $22.73 with 76,001 million shares trading.

WLKP has a beta of 0.14, meaning it tends to be less sensitive to market movements. WLKP has a correlation of 0.02 to the broad based SPY ETF.

WLKP has a market cap of $800.79 million. This is considered a Small Cap stock.

Last quarter Westlake Chemical Partners LP Common Units Representing Limited Partner Interests reported $323 million in Revenue and $.41 earnings per share. This beat revenue expectation by $198 million and exceeded earnings estimates by $.01.

In the last 3 years, WLKP traded as high as $25.04 and as low as $17.75.

The top ETF exchange traded funds that WLKP belongs to (by Net Assets): EMLP, DIV, EHLS.

WLKP has underperformed the market in the last year with a return of +4.1%, while SPY returned +19.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in WLKP shares. However, WLKP has outperformed the market in the last 3 month and 2 week periods, returning +22.6% and +6.5%, while SPY returned -0.2% and -0.7%, respectively. This indicates WLKP has been having a stronger performance recently.

WLKP support price is $21.78 and resistance is $22.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WLKP shares will trade within this expected range on the day.