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

22.67

Mkt cap

795M

Volume

20K

High

22.67

P/E Ratio

12.89

52-wk high

23.68

Low

22.42

Div yield

0.10

52-wk low

21.19

Earnings reports for various companies are scheduled for February 20, 2024, with a mix of projected earnings and losses across different sectors. Notable companies include Walmart, Home Depot, Medtronic, and Barclays, among others, with expectations ranging from significant profits to losses per share.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:52 am

Westlake Chemical (NYSE:WLKP) reported Q4 earnings with an EPS of $0.41, missing estimates by 8.89% and a revenue decrease of $69.57 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, leading to a 3.25% share price drop after last quarter's earnings announcement.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:35 am

Westlake Chemical (NYSE:WLKP) reported Q4 earnings of $0.41 per share, missing the consensus estimate of $0.45, and sales of $297.27M, missing the estimate of $317.00M. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:32 am

Westlake Chemical (NYSE:WLKP) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $0.45. The company's past earnings performance shows a mix of misses and beats, with the stock price reacting accordingly. Shares have been trading at $22.25 as of February 15, marking a 5.06% decline over the last 52 weeks. Investors are looking for positive guidance for the next quarter beyond the EPS figures.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 5:01 pm

Westlake Chemical (NYSE:WLKP) is distributing a dividend of $0.47 per share with an annualized yield of 8.79%. The ex-dividend date was November 09, 2023, and the dividend is payable on November 27, 2023. The company has shown a positive trend in dividend per share growth from $1.80 in 2019 to $1.89 in 2022, and earnings per share growth from $1.64 in 2019 to $2.19 in 2022. This suggests a strong financial health and potential for future dividend increases. Kronos Worldwide (NYSE:KRO) has a slightly higher annualized dividend yield at 8.93%.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 3:05 pm

Westlake Chemical (NYSE:WLKP) has announced a quarterly dividend of 47.14 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 27, 2023.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 2:45 pm

Westlake Chemical (NYSE:WLKP) reported Q3 earnings of $0.37 per share, a decrease of 11.9% from the same period last year. The company's quarterly sales were $321.66 million, missing the analyst consensus estimate of $357.02 million by 9.90%. This represents a 22.51% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:33 am

Kronos Worldwide (NYSE:KRO) is set to distribute a dividend payout of $0.19 per share, equating to an annualized dividend yield of 8.06%. The company has shown a steady increase in dividend per share and earnings per share from 2019 to 2022, indicating a healthy financial status. Westlake Chemical (NYSE:WLKP) is mentioned as a peer with the highest annualized dividend yield at 8.73%.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 3:06 pm

Westlake Chemical (NYSE:WLKP) has announced a dividend payout of $0.47 per share, resulting in an annualized dividend yield of 8.30%. The company has shown a positive trend in dividend growth from 2019 to 2022, with the dividend per share rising from $1.80 to $1.89. Additionally, Westlake Chemical's earnings per share have also increased from $1.64 to $2.19 during the same period. The company's dividend yield is in the middle range compared to its industry peers, with Kronos Worldwide (NYSE:KRO) having the highest annualized dividend yield at 9.35%.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:05 pm

Insider trades were noted in Energy Transfer LP (ET), Orion S.A. (OEC), and Westlake Chemical Partners LP (WLKP). ET's Executive Chairman acquired 3 million shares for around $38.89 million, following a merger agreement with Crestwood Equity Partners. OEC's CEO bought 15,000 shares for around $323,850 after reporting upbeat Q2 earnings. WLKP's SVP bought 5,000 shares for around $110,410 after posting downbeat quarterly earnings.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 11:24 am

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