$WLKP
Westlake Chemical Partners LP Stock $wlkp

$wlkp Overview Financials Valuation SEC Filings Company Website

2022 Q2 Form 10-Q Financial Statement

#000160466522000017 Filed on May 04, 2022

Income Statement

Concept	2022 Q2	2022 Q1	2021 Q1
Revenue	$448.8M	$362.4M	$268.2M
YoY Change	39.28%	35.12%	7.05%
Cost Of Revenue	$351.5M	$271.0M	$180.5M
YoY Change	83.83%	50.11%	22.79%
Gross Profit	$97.30M	$91.44M	$87.70M
YoY Change	-25.74%	4.26%	-15.31%
Gross Profit Margin	21.68%	25.23%	32.7%
Selling, General & Admin	$9.919M	$8.227M	$8.673M
YoY Change	19.95%	-5.14%	39.98%
% of Gross Profit	10.19%	9.0%	9.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$23.89M	$31.28M	$27.54M
YoY Change	3.94%	13.58%	5.8%
% of Gross Profit	24.55%	34.21%	31.41%
Operating Expenses	$9.919M	$8.227M	$8.673M
YoY Change	19.95%	-5.14%	39.98%
Operating Profit	$87.38M	$83.21M	$79.03M
YoY Change	-28.82%	5.3%	-18.82%
Interest Expense	-$2.859M	-$2.199M	-$2.200M
YoY Change	28.55%	-0.05%	-45.0%
% of Operating Profit	-3.27%	-2.64%	-2.78%
Other Income/Expense, Net	$90.00K	-$25.00K	$7.000K
YoY Change	328.57%	-457.14%	-98.8%
Pretax Income	$84.61M	$80.99M	$76.80M
YoY Change	-29.81%	5.46%	-18.29%
Income Tax	$175.0K	$163.0K	$175.0K
% Of Pretax Income	0.21%	0.2%	0.23%
Net Earnings	$16.44M	$16.19M	$15.15M
YoY Change	-34.51%	6.92%	-14.66%
Net Earnings / Revenue	3.66%	4.47%	5.65%
Basic Earnings Per Share
Diluted Earnings Per Share	$466.9K	$459.9K	$429.0K
COMMON SHARES
Basic Shares Outstanding	35.21M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2022 Q2	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$18.37M	$19.23M	$17.30M
YoY Change	3.99%	11.18%	-28.22%
Cash & Equivalents	$18.37M	$19.23M	$17.29M
Short-Term Investments
Other Short-Term Assets	$67.00K	$238.0K	$200.0K
YoY Change	9.84%	19.0%	0.0%
Inventory	$7.448M	$7.887M	$3.171M
Prepaid Expenses
Receivables	$41.44M	$26.41M	$19.70M
Other Receivables	$0.00	$0.00	$36.00K
Total Short-Term Assets	$301.6M	$274.7M	$278.6M
YoY Change	-10.45%	-1.39%	15.05%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.017B	$1.031B	$1.039B
YoY Change	-1.29%	-0.84%	-4.84%
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	$138.0M	$143.3M	$33.50M
YoY Change	373.97%	327.62%	-22.09%
Total Long-Term Assets	$1.161B	$1.180B	$1.079B
YoY Change	8.97%	9.37%	-5.46%
TOTAL ASSETS
Total Short-Term Assets	$301.6M	$274.7M	$278.6M
Total Long-Term Assets	$1.161B	$1.180B	$1.079B
Total Assets	$1.462B	$1.454B	$1.357B
YoY Change	4.31%	7.16%	-1.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$20.40M	$21.08M	$12.60M
YoY Change	64.05%	67.29%	51.81%
Accrued Expenses	$15.75M	$21.39M	$18.05M
YoY Change	-2.07%	18.52%	0.09%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$377.1M
YoY Change
Total Short-Term Liabilities	$92.02M	$454.0M	$42.57M
YoY Change	89.13%	966.43%	38.82%
LONG-TERM LIABILITIES
Long-Term Debt	$399.7M	$22.62M	$399.7M
YoY Change	0.0%	-94.34%	0.0%
Other Long-Term Liabilities			$206.0K
YoY Change			-78.25%
Total Long-Term Liabilities	$399.7M	$22.62M	$206.0K
YoY Change	1110105.56%	10880.1%	-78.25%
TOTAL LIABILITIES
Total Short-Term Liabilities	$92.02M	$454.0M	$42.57M
Total Long-Term Liabilities	$399.7M	$22.62M	$206.0K
Total Liabilities	$493.2M	$478.1M	$444.0M
YoY Change	9.6%	7.68%	2.56%
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	$293.4M	$293.6M	$276.0M
YoY Change
Total Liabilities & Shareholders Equity	$1.462B	$1.454B	$1.357B
YoY Change	4.31%	7.16%	-1.87%

Cashflow Statement

Concept	2022 Q2	2022 Q1	2021 Q1
OPERATING ACTIVITIES
Net Income	$16.44M	$16.19M	$15.15M
YoY Change	-34.51%	6.92%	-14.66%
Depreciation, Depletion And Amortization	$23.89M	$31.28M	$27.54M
YoY Change	3.94%	13.58%	5.8%
Cash From Operating Activities	$120.9M	$104.8M	$155.4M
YoY Change	-8.25%	-32.56%	40.06%
INVESTING ACTIVITIES
Capital Expenditures	-$11.99M	$20.34M	$12.75M
YoY Change	-17.8%	59.57%	6.33%
Acquisitions
YoY Change
Other Investing Activities	-$18.00M	-$5.000M	-$63.90M
YoY Change	-48.53%	-92.18%	-6490.0%
Cash From Investing Activities	-$29.99M	-$25.34M	-$76.62M
YoY Change	-39.49%	-66.93%	597.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-91.73M	-$77.29M	-$78.65M
YoY Change	12.22%	-1.73%	-17.91%
NET CHANGE
Cash From Operating Activities	120.9M	$104.8M	$155.4M
Cash From Investing Activities	-29.99M	-$25.34M	-$76.62M
Cash From Financing Activities	-91.73M	-$77.29M	-$78.65M
Net Change In Cash	-865.0K	$2.177M	$135.0K
YoY Change	-310.46%	1512.59%	-96.75%
FREE CASH FLOW
Cash From Operating Activities	$120.9M	$104.8M	$155.4M
Capital Expenditures	-$11.99M	$20.34M	$12.75M
Free Cash Flow	$132.8M	$84.47M	$142.7M
YoY Change	-9.2%	-40.79%	44.14%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	wlkp	Siteleaseagreements Op Coannualobligationto Wlk SiteleaseagreementsOpCoannualobligationtoWLK	1	USD
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001604665
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-36567
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	Westlake Chemical Partners LP
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	32-0436529
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	2801 Post Oak Boulevard
CY2022Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 600
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77056
CY2022Q1	dei	City Area Code CityAreaCode	713
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	585-2900
CY2022Q1	dei	Security12b Title Security12bTitle	Common units representing limited partnership interests
CY2022Q1	dei	Trading Symbol TradingSymbol	WLKP
CY2022Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q1	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	35214416	shares
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	19234000	USD
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17057000	USD
CY2022Q1	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	111224000	USD
CY2021Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	106243000	USD
CY2022Q1	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	109732000	USD
CY2021Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	142791000	USD
CY2022Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	26412000	USD
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5825000	USD
CY2022Q1	us-gaap	Inventory Net InventoryNet	7887000	USD
CY2021Q4	us-gaap	Inventory Net InventoryNet	8898000	USD
CY2022Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	238000	USD
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	396000	USD
CY2022Q1	us-gaap	Assets Current AssetsCurrent	274727000	USD
CY2021Q4	us-gaap	Assets Current AssetsCurrent	281210000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1030571000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1043539000	USD
CY2022Q1	us-gaap	Goodwill Goodwill	5814000	USD
CY2021Q4	us-gaap	Goodwill Goodwill	5814000	USD
CY2022Q1	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	143254000	USD
CY2021Q4	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	150135000	USD
CY2022Q1	us-gaap	Assets Assets	1454366000	USD
CY2021Q4	us-gaap	Assets Assets	1480698000	USD
CY2022Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	34471000	USD
CY2021Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	10796000	USD
CY2022Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	21082000	USD
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	35105000	USD
CY2022Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	21391000	USD
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	60895000	USD
CY2022Q1	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	377055000	USD
CY2022Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1516000	USD
CY2021Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	0	USD
CY2022Q1	us-gaap	Liabilities Current LiabilitiesCurrent	453999000	USD
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	106796000	USD
CY2022Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	22619000	USD
CY2021Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2021Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1530000	USD
CY2022Q1	us-gaap	Liabilities Liabilities	478134000	USD
CY2021Q4	us-gaap	Liabilities Liabilities	508000000	USD
CY2022Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2022Q1	us-gaap	Partners Capital PartnersCapital	293569000	USD
CY2021Q4	us-gaap	Partners Capital PartnersCapital	293978000	USD
CY2022Q1	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	682663000	USD
CY2021Q4	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	678720000	USD
CY2022Q1	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	976232000	USD
CY2021Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	972698000	USD
CY2022Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1454366000	USD
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1480698000	USD
CY2022Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	290657000	USD
CY2021Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	219803000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	71743000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	48404000	USD
CY2022Q1	us-gaap	Revenues Revenues	362400000	USD
CY2021Q1	us-gaap	Revenues Revenues	268207000	USD
CY2022Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	270961000	USD
CY2021Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	180508000	USD
CY2022Q1	us-gaap	Gross Profit GrossProfit	91439000	USD
CY2021Q1	us-gaap	Gross Profit GrossProfit	87699000	USD
CY2022Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8227000	USD
CY2021Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8673000	USD
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	83212000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	79026000	USD
CY2022Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	2199000	USD
CY2021Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	2236000	USD
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-25000	USD
CY2021Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	7000	USD
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	80988000	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	76797000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	175000	USD
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	163000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	80825000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	76622000	USD
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	64631000	USD
CY2021Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	61476000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	16194000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	15146000	USD
CY2021Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	972698000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	80825000	USD
CY2022Q1	us-gaap	Limited Partners Capital Account Distribution Amount LimitedPartnersCapitalAccountDistributionAmount	16603000	USD
CY2022Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	60688000	USD
CY2022Q1	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	976232000	USD
CY2020Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	915137000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	76622000	USD
CY2021Q1	us-gaap	Limited Partners Capital Account Distribution Amount LimitedPartnersCapitalAccountDistributionAmount	16593000	USD
CY2021Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	62058000	USD
CY2021Q2	us-gaap	Profit Loss ProfitLoss	913108000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	80825000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	76622000	USD
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	31282000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	27542000	USD
CY2022Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-2970000	USD
CY2021Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-1359000	USD
CY2022Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-992000	USD
CY2021Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-103000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	21593000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	8744000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-56738000	USD
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	20342000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-60978000	USD
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1011000	USD
CY2021Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-303000	USD
CY2022Q1	wlkp	Increase Decrease In Prepaid Expenses And Other Current Assets IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets	-158000	USD
CY2021Q1	wlkp	Increase Decrease In Prepaid Expenses And Other Current Assets IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets	-175000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-11634000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-625000	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-35358000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-699000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	581000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	1606000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	104810000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	155408000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	12748000	USD
CY2022Q1	wlkp	Maturitiesofinvestmentswith Westlakeunderthe Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement	50000000	USD
CY2021Q1	wlkp	Maturitiesofinvestmentswith Westlakeunderthe Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement	0	USD
CY2022Q1	wlkp	Investmentswith Westlakeunderthe Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement	55000000	USD
CY2021Q1	wlkp	Investmentswith Westlakeunderthe Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement	64000000	USD
CY2022Q1	wlkp	Cash Providedby Usedin Investing Activities Other CashProvidedbyUsedinInvestingActivitiesOther	0	USD
CY2021Q1	wlkp	Cash Providedby Usedin Investing Activities Other CashProvidedbyUsedinInvestingActivitiesOther	126000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-25342000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-76622000	USD
CY2022Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	60688000	USD
CY2021Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	62058000	USD
CY2022Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	16603000	USD
CY2021Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	16593000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-77291000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-78651000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	2177000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	135000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17057000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17154000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	19234000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17289000	USD
CY2022Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	27468000	USD
CY2021Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	5875000	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1056000	USD
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	50000	USD
CY2022Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	26412000	USD
CY2021Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	5825000	USD
CY2022Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	6191000	USD
CY2021Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	5458000	USD
CY2022Q1	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	1696000	USD
CY2021Q4	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	3440000	USD
CY2022Q1	us-gaap	Inventory Net InventoryNet	7887000	USD
CY2021Q4	us-gaap	Inventory Net InventoryNet	8898000	USD
CY2022Q1	us-gaap	Depreciation Depreciation	23996000	USD
CY2021Q1	us-gaap	Depreciation Depreciation	22802000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	16194000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	15146000	USD
CY2022Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-406000	USD
CY2021Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-1447000	USD
CY2022Q1	us-gaap	Distributed Earnings DistributedEarnings	16600000	USD
CY2022Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-406000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	16194000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted	35214416	shares
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
CY2022Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.4714
CY2021Q1	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
CY2022Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	290657000	USD
CY2021Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	219803000	USD
CY2022Q1	wlkp	Ima Partnership Earned Amount Added To Market Rate Basis Points IMAPartnershipEarnedAmountAddedToMarketRateBasisPoints	five
CY2022Q1	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	111224000	USD
CY2021Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	106243000	USD
CY2021	wlkp	Buyer Deficiency Fee BuyerDeficiencyFee	51395000	USD
CY2021	wlkp	Shortfall Fees ShortfallFees	58906000	USD
CY2022Q1	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	109732000	USD
CY2021Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	142791000	USD
CY2022Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	34471000	USD
CY2021Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	10796000	USD
CY2022Q1	wlkp	Siteleaseagreementnumber Siteleaseagreementnumber	2
CY2022Q1	wlkp	Siteleaseagreementsterminyears Siteleaseagreementsterminyears	50
CY2022Q1	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	399674000	USD
CY2021Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2022Q1	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	399674000	USD
CY2021Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2022Q1	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	377055000	USD
CY2021Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	0	USD
CY2022Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	22619000	USD
CY2021Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2022Q1	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.022
CY2021Q4	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.021
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	60895000	USD
CY2021Q4	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	5597000	USD
CY2022Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	21391000	USD
CY2022Q1	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	4152000	USD
CY2022Q1	wlkp	Accrued Turnaround Costs AccruedTurnaroundCosts	4430000	USD
CY2022Q1	wlkp	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	4606000	USD
CY2022Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	3137000	USD
CY2021Q4	wlkp	Accrued Turnaround Costs AccruedTurnaroundCosts	40250000	USD
CY2021Q4	wlkp	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	7491000	USD
CY2021Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	2264000	USD
CY2022Q1	wlkp	Capital Expenditures Payable And Accrued CapitalExpendituresPayableAndAccrued	8056000	USD
CY2021Q1	wlkp	Capital Expenditures Payable And Accrued CapitalExpendituresPayableAndAccrued	6272000	USD

Files In Submission

Name	View Source	Status
0001604665-22-000017-index-headers.html	Edgar Link	pending
0001604665-22-000017-index.html	Edgar Link	pending
0001604665-22-000017.txt	Edgar Link	pending
0001604665-22-000017-xbrl.zip	Edgar Link	pending
exhibit311_20220331.htm	Edgar Link	pending
exhibit312_20220331.htm	Edgar Link	pending
exhibit321_20220331.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
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wlkp-20220331.htm	Edgar Link	pending
wlkp-20220331.xsd	Edgar Link	pending
wlkp-20220331_cal.xml	Edgar Link	unprocessable
wlkp-20220331_def.xml	Edgar Link	unprocessable
wlkp-20220331_htm.xml	Edgar Link	completed
wlkp-20220331_lab.xml	Edgar Link	unprocessable
wlkp-20220331_pre.xml	Edgar Link	unprocessable

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$WLKP
Westlake Chemical Partners LP Stock $wlkp

2022 Q2 Form 10-Q Financial Statement

#000160466522000017 Filed on May 04, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP Westlake Chemical Partners LP Stock $wlkp

2022 Q2 Form 10-Q Financial Statement

#000160466522000017 Filed on May 04, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP
Westlake Chemical Partners LP Stock $wlkp