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 November 5, 2026, WLKP stock price declined to $21.30 with 31,933 million shares trading.

WLKP has a beta of 0.19, 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 $750.41 million. This is considered a Small Cap stock.

Last quarter Westlake Chemical Partners LP Common Units Representing Limited Partner Interests reported $314 million in Revenue and $.46 earnings per share. This fell short of revenue expectation by $-22 million and exceeded earnings estimates by $.12.

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, AESL, AESB.

WLKP has outperformed the market in the last year with a price return of +25.3% while the SPY ETF gained +10.3%. WLKP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +2.2% and +2.1%, respectively, while the SPY returned -4.2% and -4.6%, respectively.

WLKP support price is $21.28 and resistance is $21.94 (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.