Westlake Chemical Partners is a high-quality, cheaply valued chemicals partnership with an 8.9% dividend and exceptional cash conversion, but growth is weak, earnings are roughly in line and the price is only 4.5% below the analyst target, so the stance is to hold.
Thesis pillars
- In Line Earnings Thin Upside↓Deteriorating
- Distribution And Pullback Risk↑Improving
- High Quality Cash Generator→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Mar 4, 2026
Westlake Chemical Partners LP (WLKP) Stock Analysis
Range Bound setup · Sector Rotation edge
Basic Materials · Chemicals
Wait for pullback to $20.93. At $21.26 the A.R:R is 0.8:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $20.93 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 4.0%; Sector modifier (Basic Materials): -0.1.
We are a Delaware limited partnership formed by Westlake in March 2014 to operate, acquire and develop ethylene production facilities and related assets. On August 4, 2014, we completed our initial public offering (the "IPO") of 12,937,500 common units representing limited... Read more
Wait for pullback to $20.93. At $21.26 the A.R:R is 0.8:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $20.93 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 4.0%; Sector modifier (Basic Materials): -0.1. Chart setup: RSI 57 mid-range, Bollinger mid-band. Earnings in 1 day. Wait until post-earnings. Score 6.3/10, moderate confidence.
Passes 5/8 gates (positive momentum, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 1d<=7d. Suitability: aggressive.
Recent developments
updated 2026-11-02Recent Developments — Westlake Chemical Partners LP
Latest news
- NEWS Westlake (WLK) Reports Next Week: Wall Street Expects Earnings Growth - Yahoo Finance — Yahoo Finance neutral
- NEWS Westlake Chemical Partners Extends Credit Facilities, Maintains Distributions - The Globe and Mail — The Globe and Mail positive
- NEWS Westlake Chemical Partners Slips Slightly as Shares Test Key Support Levels - Triple Top - dars.gov.et — dars.gov.et negative
- NEWS Westlake Chemical Partners Slips Slightly as Shares Test Key Support Levels - Bear Pennant - dars.gov.et — dars.gov.et negative
- NEWS Westlake Chemical Partners Slips Slightly as Shares Test Key Support Levels - Gap Up Stocks - dars.gov.et — dars.gov.et neutral
Generated 2026-11-02T11:38:33Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-08-31Item 5.02MEDIUMOn August 31, 2026, Westlake Chemical Partners LP (the "Partnership") announced that Tommy E.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $20.93. At $21.26 the A.R:R is 0.8:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $20.93 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 4.0%; Sector modifier (Basic Materials): -0.1. Chart setup: RSI 57 mid-range, Bollinger mid-band. Earnings in 1 day. Wait until post-earnings. Target $22.10 (+4.0%), stop $20.27 (−4.9%), A.R:R 0.8:1. Score 6.3/10, moderate confidence.
Take-profit target: $22.10 (+4.0% upside). Target $22.10 (+4.0%), stop $20.27 (−4.9%), A.R:R 0.8:1. Stop-loss: $20.27.
Thin upside margin: 4.0%; Sector modifier (Basic Materials): -0.1; Weak growth.
Westlake Chemical Partners LP trades at a P/E of 13.0 (forward 11.5). TrendMatrix value score: 9.5/10. Verdict: Buy (Wait for Entry).
7 analysts cover WLKP with a consensus score of 4.1/5. Average price target: $26.
What does Westlake Chemical Partners LP do?We are a Delaware limited partnership formed by Westlake in March 2014 to operate, acquire and develop ethylene...
We are a Delaware limited partnership formed by Westlake in March 2014 to operate, acquire and develop ethylene production facilities and related assets. On August 4, 2014, we completed our initial public offering (the "IPO") of 12,937,500 common units representing limited partner interests. In connection with the IPO, we acquired an initial 10.6% interest in OpCo and a 100% interest in OpCo GP, which is the general partner of OpCo.