$WLKP
Westlake Chemical Partners LP Stock $wlkp

$wlkp Overview Financials Valuation SEC Filings Company Website

2020 Q2 Form 10-Q Financial Statement

#000160466520000015 Filed on May 06, 2020

Income Statement

Concept	2020 Q2	2020 Q1	2019 Q1
Revenue	$238.5M	$250.5M	$299.1M
YoY Change	-11.69%	-16.23%	5.21%
Cost Of Revenue	$148.5M	$147.0M	$208.4M
YoY Change	-16.64%	-29.47%	8.69%
Gross Profit	$90.03M	$103.5M	$90.65M
YoY Change	-2.1%	14.22%	-2.0%
Gross Profit Margin	37.75%	41.33%	30.31%
Selling, General & Admin	$6.139M	$6.196M	$6.973M
YoY Change	-19.64%	-11.14%	-2.24%
% of Gross Profit	6.82%	5.98%	7.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$22.71M	$26.03M	$26.84M
YoY Change	2.19%	-3.03%	-3.08%
% of Gross Profit	25.23%	25.14%	29.61%
Operating Expenses	$6.139M	$6.196M	$6.973M
YoY Change	-19.64%	-11.14%	-2.24%
Operating Profit	$83.89M	$97.35M	$83.68M
YoY Change	-0.51%	16.34%	-1.98%
Interest Expense	-$3.400M	-$4.000M	-$5.900M
YoY Change	-33.33%	-32.2%	20.41%
% of Operating Profit	-4.05%	-4.11%	-7.05%
Other Income/Expense, Net	$123.0K	$585.0K	$815.0K
YoY Change	-89.33%	-28.22%	65.99%
Pretax Income	$80.58M	$93.99M	$78.60M
YoY Change	0.29%	19.58%	-2.96%
Income Tax	$206.0K	$217.0K	$200.0K
% Of Pretax Income	0.26%	0.23%	0.25%
Net Earnings	$14.86M	$17.75M	$14.96M
YoY Change	8.21%	18.67%	21.63%
Net Earnings / Revenue	6.23%	7.08%	5.0%
Basic Earnings Per Share
Diluted Earnings Per Share	$423.3K	$502.8K	$464.4K
COMMON SHARES
Basic Shares Outstanding	35.19M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2020 Q2	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$23.60M	$24.10M	$84.60M
YoY Change	34.86%	-71.51%	238.4%
Cash & Equivalents	$23.62M	$24.08M	$84.62M
Short-Term Investments
Other Short-Term Assets	$100.0K	$200.0K	$300.0K
YoY Change	0.0%	-33.33%	50.0%
Inventory	$1.529M	$2.000M	$4.171M
Prepaid Expenses
Receivables	$7.007M	$13.54M	$337.9M
Other Receivables	$866.0K	$3.118M	$1.768M
Total Short-Term Assets	$246.0M	$242.1M	$428.7M
YoY Change	10.62%	-43.51%	88.59%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.077B	$1.092B	$1.138B
YoY Change	-4.57%	-4.07%	-3.8%
Goodwill	$5.814M	$5.814M	$5.814M
YoY Change	0.0%	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$39.80M	$43.00M	$58.40M
YoY Change	-25.88%	-26.37%	-23.26%
Total Long-Term Assets	$1.123B	$1.141B	$1.203B
YoY Change	-5.51%	-5.13%	-4.95%
TOTAL ASSETS
Total Short-Term Assets	$246.0M	$242.1M	$428.7M
Total Long-Term Assets	$1.123B	$1.141B	$1.203B
Total Assets	$1.369B	$1.383B	$1.631B
YoY Change	-2.97%	-15.22%	9.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$8.846M	$8.301M	$7.481M
YoY Change	10.16%	10.96%	-4.07%
Accrued Expenses	$16.81M	$18.03M	$20.43M
YoY Change	-8.09%	-11.75%	34.87%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$31.09M	$30.67M	$47.26M
YoY Change	-14.38%	-35.11%	26.74%
LONG-TERM LIABILITIES
Long-Term Debt	$399.7M	$399.7M	$601.1M
YoY Change	0.0%	-33.51%	25.86%
Other Long-Term Liabilities	$740.0K	$947.0K	$1.272M
YoY Change	-33.33%	-25.55%	1015.79%
Total Long-Term Liabilities	$740.0K	$947.0K	$1.272M
YoY Change	-33.33%	-25.55%	1015.79%
TOTAL LIABILITIES
Total Short-Term Liabilities	$31.09M	$30.67M	$47.26M
Total Long-Term Liabilities	$740.0K	$947.0K	$1.272M
Total Liabilities	$433.2M	$432.9M	$651.3M
YoY Change	-1.28%	-33.53%	25.91%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$276.9M	$278.7M	$279.7M
YoY Change
Total Liabilities & Shareholders Equity	$1.369B	$1.383B	$1.631B
YoY Change	-2.97%	-15.22%	9.29%

Cashflow Statement

Concept	2020 Q2	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income	$14.86M	$17.75M	$14.96M
YoY Change	8.21%	18.67%	21.63%
Depreciation, Depletion And Amortization	$22.71M	$26.03M	$26.84M
YoY Change	2.19%	-3.03%	-3.08%
Cash From Operating Activities	$112.7M	$111.0M	$113.5M
YoY Change	12.48%	-2.24%	6.85%
INVESTING ACTIVITIES
Capital Expenditures	-$8.600M	$11.99M	$12.14M
YoY Change	-36.3%	-1.28%	25.47%
Acquisitions
YoY Change
Other Investing Activities	-$10.00M	$1.000M	-$127.5M
YoY Change	-107.38%	-100.78%	-6475.0%
Cash From Investing Activities	-$18.60M	-$10.99M	-$139.6M
YoY Change	-115.23%	-92.13%	1718.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-94.60M	-$95.81M	$90.98M
YoY Change	-67.31%	-205.31%	-190.47%
NET CHANGE
Cash From Operating Activities	112.7M	$111.0M	$113.5M
Cash From Investing Activities	-18.60M	-$10.99M	-$139.6M
Cash From Financing Activities	-94.60M	-$95.81M	$90.98M
Net Change In Cash	-500.0K	$4.158M	$64.87M
YoY Change	-99.25%	-93.59%	-3298.77%
FREE CASH FLOW
Cash From Operating Activities	$112.7M	$111.0M	$113.5M
Capital Expenditures	-$8.600M	$11.99M	$12.14M
Free Cash Flow	$121.3M	$98.97M	$101.4M
YoY Change	6.68%	-2.35%	4.98%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2020Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2020Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2020Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
CY2020Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001604665
CY2020Q1	wlkp	Siteleaseagreements Op Coannualobligationto Wlk SiteleaseagreementsOpCoannualobligationtoWLK	1	USD
CY2020Q1	dei	Document Type DocumentType	10-Q
CY2020Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2020Q1	dei	Document Period End Date DocumentPeriodEndDate	2020-03-31
CY2020Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q1	dei	Entity File Number EntityFileNumber	001-36567
CY2020Q1	dei	Entity Registrant Name EntityRegistrantName	Westlake Chemical Partners LP
CY2020Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2020Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	32-0436529
CY2020Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	2801 Post Oak Boulevard
CY2020Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 600
CY2020Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston
CY2020Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2020Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77056
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CY2020Q1	dei	City Area Code CityAreaCode	713
CY2020Q1	dei	Local Phone Number LocalPhoneNumber	585-2900
CY2020Q1	dei	Security12b Title Security12bTitle	Common units representing limited partnership interests
CY2020Q1	dei	Trading Symbol TradingSymbol	WLKP
CY2020Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
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CY2020Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2020Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2020Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2020Q1	dei	Entity Shell Company EntityShellCompany	false
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CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	84615000	USD
CY2020Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	11013000	USD
CY2019Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	9730000	USD
CY2020Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	596000	USD
CY2019Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	476000	USD
CY2020Q1	wlkp	Trade Customer Receivable Net Current TradeCustomerReceivableNetCurrent	10417000	USD
CY2019Q4	wlkp	Trade Customer Receivable Net Current TradeCustomerReceivableNetCurrent	9254000	USD
CY2020Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	3118000	USD
CY2019Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	660000	USD
CY2020Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	13535000	USD
CY2019Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	9914000	USD
CY2020Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1532000	USD
CY2019Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	2154000	USD
CY2020Q1	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	468000	USD
CY2019Q4	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	330000	USD
CY2020Q1	us-gaap	Inventory Net InventoryNet	2000000	USD
CY2019Q4	us-gaap	Inventory Net InventoryNet	2484000	USD
CY2020Q1	us-gaap	Depreciation Depreciation	22753000	USD
CY2019Q1	us-gaap	Depreciation Depreciation	22214000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	17747000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	14955000	USD
CY2020Q1	us-gaap	Undistributed Earnings UndistributedEarnings	1156000	USD
CY2019Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-711000	USD
CY2020Q1	us-gaap	Distributed Earnings DistributedEarnings	16591000	USD
CY2020Q1	us-gaap	Undistributed Earnings UndistributedEarnings	1156000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	17747000	USD
CY2020Q1	us-gaap	Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted	35194545	shares
CY2019Q1	us-gaap	Distributed Earnings DistributedEarnings	15666000	USD
CY2019Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-711000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	14955000	USD
CY2019Q1	us-gaap	Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted	32345398	shares
CY2020Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.4714
CY2019Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.4328
CY2018Q4	wlkp	Partners Units Maximum Aggregate Offering Amount Atm PartnersUnitsMaximumAggregateOfferingAmountATM	50000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	62934000	USD
CY2020Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	214828000	USD
CY2019Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	257040000	USD
CY2020Q1	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	161759000	USD
CY2019Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	162773000	USD
CY2020Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	4333000	USD
CY2019Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	15201000	USD
CY2020Q1	wlkp	Siteleaseagreementnumber Siteleaseagreementnumber	2
CY2020Q1	wlkp	Siteleaseagreementsterminyears Siteleaseagreementsterminyears	50
CY2020Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2019Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2020Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2019Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2019Q2	us-gaap	Repayments Of Debt RepaymentsOfDebt	201445000	USD
CY2020Q1	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.039
CY2019Q4	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.041
CY2020Q1	us-gaap	Derivative Nonmonetary Notional Amount Volume DerivativeNonmonetaryNotionalAmountVolume	22700000	gal
CY2020Q1	us-gaap	Derivative Nonmonetary Notional Amount Mass DerivativeNonmonetaryNotionalAmountMass	54000000.0	lb
CY2019Q4	us-gaap	Derivative Nonmonetary Notional Amount Volume DerivativeNonmonetaryNotionalAmountVolume	39100000	gal
CY2019Q4	us-gaap	Derivative Nonmonetary Notional Amount Mass DerivativeNonmonetaryNotionalAmountMass	93000000.0	lb
CY2020Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	1708000	USD
CY2020Q1	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	2838000	USD
CY2019Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	1959000	USD
CY2019Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	597000	USD
CY2019Q4	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	3225000	USD
CY2019Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	17507000	USD
CY2020Q1	us-gaap	Interest Payable Current InterestPayableCurrent	3950000	USD
CY2020Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	3536000	USD
CY2020Q1	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	3769000	USD
CY2020Q1	wlkp	Derivativetradingaccrual Derivativetradingaccrual	1708000	USD
CY2020Q1	wlkp	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	1630000	USD
CY2019Q4	us-gaap	Interest Payable Current InterestPayableCurrent	4187000	USD
CY2019Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	2611000	USD
CY2020Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	18032000	USD
CY2019Q4	wlkp	Derivativetradingaccrual Derivativetradingaccrual	1959000	USD
CY2019Q4	wlkp	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	2375000	USD
CY2020Q1	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	20000	USD
CY2019Q1	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	52000	USD

Files In Submission

Name	View Source	Status
0001604665-20-000015-index-headers.html	Edgar Link	pending
0001604665-20-000015-index.html	Edgar Link	pending
0001604665-20-000015.txt	Edgar Link	pending
0001604665-20-000015-xbrl.zip	Edgar Link	pending
a2020033110qwlkp.htm	Edgar Link	pending
a2020033110qwlkp_htm.xml	Edgar Link	completed
exhibit10120200331.htm	Edgar Link	pending
exhibit31120200331.htm	Edgar Link	pending
exhibit31220200331.htm	Edgar Link	pending
exhibit32120200331.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wlkp-20200331.xsd	Edgar Link	pending
wlkp-20200331_cal.xml	Edgar Link	unprocessable
wlkp-20200331_def.xml	Edgar Link	unprocessable
wlkp-20200331_lab.xml	Edgar Link	unprocessable
wlkp-20200331_pre.xml	Edgar Link	unprocessable

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$WLKP
Westlake Chemical Partners LP Stock $wlkp

2020 Q2 Form 10-Q Financial Statement

#000160466520000015 Filed on May 06, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP Westlake Chemical Partners LP Stock $wlkp

2020 Q2 Form 10-Q Financial Statement

#000160466520000015 Filed on May 06, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP
Westlake Chemical Partners LP Stock $wlkp