$WLKP
Westlake Chemical Partners LP Stock $wlkp

$wlkp Overview Financials Valuation SEC Filings Company Website

2021 Q2 Form 10-Q Financial Statement

#000160466521000030 Filed on May 05, 2021

Income Statement

Concept	2021 Q2	2021 Q1	2020 Q1
Revenue	$322.2M	$268.2M	$250.5M
YoY Change	35.11%	7.05%	-16.23%
Cost Of Revenue	$191.2M	$180.5M	$147.0M
YoY Change	28.78%	22.79%	-29.47%
Gross Profit	$131.0M	$87.70M	$103.5M
YoY Change	45.54%	-15.31%	14.22%
Gross Profit Margin	40.66%	32.7%	41.33%
Selling, General & Admin	$8.269M	$8.673M	$6.196M
YoY Change	34.7%	39.98%	-11.14%
% of Gross Profit	6.31%	9.89%	5.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$22.98M	$27.54M	$26.03M
YoY Change	1.18%	5.8%	-3.03%
% of Gross Profit	17.54%	31.41%	25.14%
Operating Expenses	$8.269M	$8.673M	$6.196M
YoY Change	34.7%	39.98%	-11.14%
Operating Profit	$122.8M	$79.03M	$97.35M
YoY Change	46.33%	-18.82%	16.34%
Interest Expense	-$2.224M	-$2.200M	-$4.000M
YoY Change	-34.59%	-45.0%	-32.2%
% of Operating Profit	-1.81%	-2.78%	-4.11%
Other Income/Expense, Net	$21.00K	$7.000K	$585.0K
YoY Change	-82.93%	-98.8%	-28.22%
Pretax Income	$120.6M	$76.80M	$93.99M
YoY Change	49.61%	-18.29%	19.58%
Income Tax	$263.0K	$175.0K	$217.0K
% Of Pretax Income	0.22%	0.23%	0.23%
Net Earnings	$25.10M	$15.15M	$17.75M
YoY Change	68.9%	-14.66%	18.67%
Net Earnings / Revenue	7.79%	5.65%	7.08%
Basic Earnings Per Share
Diluted Earnings Per Share	$713.0K	$429.0K	$502.8K
COMMON SHARES
Basic Shares Outstanding	35.20M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2021 Q2	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$17.67M	$17.30M	$24.10M
YoY Change	-25.15%	-28.22%	-71.51%
Cash & Equivalents	$17.67M	$17.29M	$24.08M
Short-Term Investments
Other Short-Term Assets	$61.00K	$200.0K	$200.0K
YoY Change	-39.0%	0.0%	-33.33%
Inventory	$4.929M	$3.171M	$2.000M
Prepaid Expenses
Receivables	$24.96M	$19.70M	$13.54M
Other Receivables	$36.00K	$36.00K	$3.118M
Total Short-Term Assets	$336.8M	$278.6M	$242.1M
YoY Change	36.94%	15.05%	-43.51%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.030B	$1.039B	$1.092B
YoY Change	-4.41%	-4.84%	-4.07%
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	$29.11M	$33.50M	$43.00M
YoY Change	-26.86%	-22.09%	-26.37%
Total Long-Term Assets	$1.065B	$1.079B	$1.141B
YoY Change	-5.18%	-5.46%	-5.13%
TOTAL ASSETS
Total Short-Term Assets	$336.8M	$278.6M	$242.1M
Total Long-Term Assets	$1.065B	$1.079B	$1.141B
Total Assets	$1.402B	$1.357B	$1.383B
YoY Change	2.39%	-1.87%	-15.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.44M	$12.60M	$8.301M
YoY Change	40.57%	51.81%	10.96%
Accrued Expenses	$16.08M	$18.05M	$18.03M
YoY Change	-4.3%	0.09%	-11.75%
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	$48.65M	$42.57M	$30.67M
YoY Change	56.48%	38.82%	-35.11%
LONG-TERM LIABILITIES
Long-Term Debt	$399.7M	$399.7M	$399.7M
YoY Change	-0.01%	0.0%	-33.51%
Other Long-Term Liabilities	$36.00K	$206.0K	$947.0K
YoY Change	-95.14%	-78.25%	-25.55%
Total Long-Term Liabilities	$36.00K	$206.0K	$947.0K
YoY Change	-95.14%	-78.25%	-25.55%
TOTAL LIABILITIES
Total Short-Term Liabilities	$48.65M	$42.57M	$30.67M
Total Long-Term Liabilities	$36.00K	$206.0K	$947.0K
Total Liabilities	$450.0M	$444.0M	$432.9M
YoY Change	3.88%	2.56%	-33.53%
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	$284.6M	$276.0M	$278.7M
YoY Change
Total Liabilities & Shareholders Equity	$1.402B	$1.357B	$1.383B
YoY Change	2.39%	-1.87%	-15.22%

Cashflow Statement

Concept	2021 Q2	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	$25.10M	$15.15M	$17.75M
YoY Change	68.9%	-14.66%	18.67%
Depreciation, Depletion And Amortization	$22.98M	$27.54M	$26.03M
YoY Change	1.18%	5.8%	-3.03%
Cash From Operating Activities	$131.7M	$155.4M	$111.0M
YoY Change	16.87%	40.06%	-2.24%
INVESTING ACTIVITIES
Capital Expenditures	-$14.59M	$12.75M	$11.99M
YoY Change	69.64%	6.33%	-1.28%
Acquisitions
YoY Change
Other Investing Activities	-$34.97M	-$63.90M	$1.000M
YoY Change	249.74%	-6490.0%	-100.78%
Cash From Investing Activities	-$49.56M	-$76.62M	-$10.99M
YoY Change	166.47%	597.26%	-92.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-81.74M	-$78.65M	-$95.81M
YoY Change	-13.59%	-17.91%	-205.31%
NET CHANGE
Cash From Operating Activities	131.7M	$155.4M	$111.0M
Cash From Investing Activities	-49.56M	-$76.62M	-$10.99M
Cash From Financing Activities	-81.74M	-$78.65M	-$95.81M
Net Change In Cash	411.0K	$135.0K	$4.158M
YoY Change	-182.2%	-96.75%	-93.59%
FREE CASH FLOW
Cash From Operating Activities	$131.7M	$155.4M	$111.0M
Capital Expenditures	-$14.59M	$12.75M	$11.99M
Free Cash Flow	$146.3M	$142.7M	$98.97M
YoY Change	20.62%	44.14%	-2.35%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2021Q1	dei	Amendment Flag AmendmentFlag	false
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001604665
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	wlkp	Siteleaseagreements Op Coannualobligationto Wlk SiteleaseagreementsOpCoannualobligationtoWLK	1	USD
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	001-36567
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	Westlake Chemical Partners LP
CY2021Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2021Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	32-0436529
CY2021Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	2801 Post Oak Boulevard
CY2021Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 600
CY2021Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston
CY2021Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2021Q1	dei	City Area Code CityAreaCode	713
CY2021Q1	dei	Local Phone Number LocalPhoneNumber	585-2900
CY2021Q1	dei	Security12b Title Security12bTitle	Common units representing limited partnership interests
CY2021Q1	dei	Trading Symbol TradingSymbol	WLKP
CY2021Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q1	dei	Entity Shell Company EntityShellCompany	false
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CY2020Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	11344000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	386000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	315000	USD
CY2021Q1	wlkp	Trade Customer Receivable Net Current TradeCustomerReceivableNetCurrent	19666000	USD
CY2020Q4	wlkp	Trade Customer Receivable Net Current TradeCustomerReceivableNetCurrent	11029000	USD
CY2021Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	36000	USD
CY2020Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	0	USD
CY2021Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	19702000	USD
CY2020Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	11029000	USD
CY2021Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	2749000	USD
CY2020Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	3157000	USD
CY2021Q1	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	422000	USD
CY2020Q4	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	317000	USD
CY2021Q1	us-gaap	Inventory Net InventoryNet	3171000	USD
CY2020Q4	us-gaap	Inventory Net InventoryNet	3474000	USD
CY2021Q1	us-gaap	Depreciation Depreciation	22802000	USD
CY2020Q1	us-gaap	Depreciation Depreciation	22753000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	15146000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	17747000	USD
CY2021Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-1447000	USD
CY2020Q1	us-gaap	Undistributed Earnings UndistributedEarnings	1156000	USD
CY2021Q1	us-gaap	Distributed Earnings DistributedEarnings	16593000	USD
CY2021Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-1447000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	15146000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted	35198903	shares
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
CY2021Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.4714
CY2020Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.4714
CY2018Q4	wlkp	Partners Units Maximum Aggregate Offering Amount Atm PartnersUnitsMaximumAggregateOfferingAmountATM	50000	USD
CY2021Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	219803000	USD
CY2020Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	214828000	USD
CY2021Q1	wlkp	Buyer Deficiency Fee BuyerDeficiencyFee	5500000	USD
CY2021Q1	wlkp	Shortfall Shortfall	4178000	USD
CY2020	wlkp	Buyer Deficiency Fee BuyerDeficiencyFee	69555000	USD
CY2021Q1	wlkp	Ima Partnership Earned Amount Added To Market Rate Basis Points IMAPartnershipEarnedAmountAddedToMarketRateBasisPoints	five
CY2021Q1	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	187239000	USD
CY2020Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	123228000	USD
CY2021Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	11921000	USD
CY2020Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	7855000	USD
CY2021Q1	wlkp	Siteleaseagreementnumber Siteleaseagreementnumber	2
CY2021Q1	wlkp	Siteleaseagreementsterminyears Siteleaseagreementsterminyears	50
CY2021Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2020Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2021Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2020Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2021Q1	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.022
CY2020Q4	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.022
CY2021Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	18049000	USD
CY2020Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	18768000	USD
CY2021Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	3120000	USD
CY2021Q1	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	6215000	USD
CY2021Q1	us-gaap	Interest Payable Current InterestPayableCurrent	2236000	USD
CY2020Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	6207000	USD
CY2020Q4	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	3905000	USD
CY2020Q4	us-gaap	Interest Payable Current InterestPayableCurrent	2336000	USD
CY2021Q1	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	582000	USD
CY2020Q1	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	20000	USD

Files In Submission

Name	View Source	Status
0001604665-21-000030-index-headers.html	Edgar Link	pending
0001604665-21-000030-index.html	Edgar Link	pending
0001604665-21-000030.txt	Edgar Link	pending
0001604665-21-000030-xbrl.zip	Edgar Link	pending
exhibit311_20210331.htm	Edgar Link	pending
exhibit312_20210331.htm	Edgar Link	pending
exhibit321_20210331.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
R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
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R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R5.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-20210331.htm	Edgar Link	pending
wlkp-20210331.xsd	Edgar Link	pending
wlkp-20210331_cal.xml	Edgar Link	unprocessable
wlkp-20210331_def.xml	Edgar Link	unprocessable
wlkp-20210331_htm.xml	Edgar Link	completed
wlkp-20210331_lab.xml	Edgar Link	unprocessable
wlkp-20210331_pre.xml	Edgar Link	unprocessable

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$WLKP
Westlake Chemical Partners LP Stock $wlkp

2021 Q2 Form 10-Q Financial Statement

#000160466521000030 Filed on May 05, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP Westlake Chemical Partners LP Stock $wlkp

2021 Q2 Form 10-Q Financial Statement

#000160466521000030 Filed on May 05, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP
Westlake Chemical Partners LP Stock $wlkp