Streetbeat News

WLKP

Westlake Chemical Partners LP

https://www.wlkpartners.com

Industry

Chemicals

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, including 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. The company was incorporated in 2014 and is headquartered in Houston, Texas.

Open

24.17

Mkt cap

843M

Volume

78K

High

24.18

P/E Ratio

13.67

52-wk high

24.34

Low

23.55

Div yield

0.08

52-wk low

21.19

Westlake Chemical Partners LP (WLKP) held its Q3 2024 earnings call, discussing financial performance and company updates.

Portfolio Pulse from

November 05, 2024 | 7:30 pm

Westlake Chemical Inc. (NYSE:WLKP) has a current stock price of $22.45, with a slight decrease of 0.04%. Over the past month, the stock increased by 0.27% and by 4.76% over the past year. The company's P/E ratio is 13.95, lower than the Chemicals industry average of 145.18, suggesting potential undervaluation or lower growth expectations.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 1:33 pm

PDD Holdings reported a revenue miss for Q2 2024, causing its shares to drop 15.2% in pre-market trading. Other stocks like SM Energy, Westlake Chemical Partners, AngioDynamics, Daqo New Energy, Yiren Digital, elf Beauty, and Guardant Health also saw declines in pre-market trading.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 12:25 pm

Westlake Chemical (NYSE:WLKP) reported Q2 2024 earnings per share (EPS) of $0.41, missing the analyst estimate of $0.44. However, the company beat sales estimates with $284.168 million, surpassing the expected $270.000 million. EPS increased by 20.59% year-over-year, and sales grew by 7.57%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:34 am

Westlake Chemical Partners has appointed Jean-Marc Gilson as Director, President, and CEO, effective today. Albert Chao will transition to Executive Chairman, and James Chao will become Senior Chairman. Gilson was previously the CEO of Mitsubishi Chemical Group Corporation.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 12:27 pm

Westlake Chemical (NYSE:WLKP) reported Q1 2024 earnings of $0.42 per share, missing the consensus estimate of $0.43 by 2.33%. Sales were $284.673M, exceeding estimates by 1.31% but marking a 7.48% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:32 am

Insiders at Sow Good Inc., Oncternal Therapeutics, and Westlake Chemical Partners have recently made significant stock purchases, indicating their confidence in the companies' futures. These insider trades suggest potential growth opportunities for these stocks, although they should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 1:06 pm

Olin Corporation (NYSE:OLN) announced a dividend payout of $0.20 per share with an annualized yield of 1.56%, payable on March 15, 2024, to shareholders of record as of March 06, 2024. The company has maintained a stable dividend per share of $0.80 from 2020 to 2023, alongside an upward trend in earnings per share from $-1.10 to $4.54 over the same period. This reflects Olin's financial health and its ability to sustain profit distributions. Westlake Chemical (NYSE:WLKP) is noted for having the highest annualized dividend yield among peers at 8.38%.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:05 pm

Dow (NYSE:DOW) will distribute a dividend of $0.70 per share on March 08, 2024, with an annualized yield of 5.23%. The company has maintained a consistent dividend of $0.70 per share from 2020 to 2023, while also showing an upward trend in earnings from $1.61 to $2.27 per share over the same period. This suggests financial stability and the potential to sustain profit distributions. Westlake Chemical (NYSE:WLKP) has the highest annualized dividend yield among peers at 8.38%.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:05 pm

Wall Street experienced a downturn, particularly in technology stocks, with the Nasdaq 100 dropping 1.5%. Nvidia and AMD saw significant declines ahead of Nvidia's earnings report. Alphabet was an exception among major tech stocks, posting a gain. The market's movement reflects a reassessment of stock valuations rather than interest rate concerns. ETFs like SPY, DIA, and QQQ also fell, with XLK underperforming. Walmart's stock rose following strong quarterly results and plans to acquire Vizio, while Discover Financial surged on news of its acquisition by Capital One.

Portfolio Pulse from Piero Cingari

February 20, 2024 | 6:46 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.