$WLKP
Westlake Chemical Partners LP Stock $wlkp

$wlkp Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000160466523000017 Filed on May 04, 2023

Income Statement

Concept	2023 Q2	2023 Q1
Revenue	$264.2M	$307.7M
YoY Change	-41.14%	-15.1%
Cost Of Revenue	$176.5M	$201.6M
YoY Change	-49.8%	-25.6%
Gross Profit	$87.72M	$106.1M
YoY Change	-9.85%	16.0%
Gross Profit Margin	33.21%	34.48%
Selling, General & Admin	$7.229M	$7.914M
YoY Change	-27.12%	-3.8%
% of Gross Profit	8.24%	7.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$27.04M	$26.64M
YoY Change	13.19%	-14.85%
% of Gross Profit	30.82%	25.11%
Operating Expenses	$7.229M	$7.914M
YoY Change	-27.12%	-3.8%
Operating Profit	$80.49M	$98.16M
YoY Change	-7.88%	17.96%
Interest Expense	-$6.117M	-$7.315M
YoY Change	113.96%	232.65%
% of Operating Profit	-7.6%	-7.45%
Other Income/Expense, Net	$1.061M	$820.0K
YoY Change	1078.89%	-3380.0%
Pretax Income	$75.44M	$91.66M
YoY Change	-10.85%	13.18%
Income Tax	$173.0K	$212.0K
% Of Pretax Income	0.23%	0.23%
Net Earnings	$11.89M	$14.89M
YoY Change	-27.69%	-8.04%
Net Earnings / Revenue	4.5%	4.84%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.34	$0.42
COMMON SHARES
Basic Shares Outstanding	35.22M shares	35.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q2	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$59.43M	$104.6M
YoY Change	223.56%	443.77%
Cash & Equivalents	$59.43M	$104.6M
Short-Term Investments
Other Short-Term Assets	$718.0K	$153.0K
YoY Change	971.64%	-35.71%
Inventory	$3.260M	$5.466M
Prepaid Expenses
Receivables	$154.3M	$19.69M
Other Receivables	$2.812M	$1.497M
Total Short-Term Assets	$220.6M	$232.4M
YoY Change	-26.88%	-15.4%
LONG-TERM ASSETS
Property, Plant & Equipment	$963.5M	$977.5M
YoY Change	-5.24%	-5.15%
Goodwill	$5.814M	$5.814M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$145.7M	$127.0M
YoY Change	5.62%	-11.37%
Total Long-Term Assets	$1.115B	$1.110B
YoY Change	-3.92%	-5.88%
TOTAL ASSETS
Total Short-Term Assets	$220.6M	$232.4M
Total Long-Term Assets	$1.115B	$1.110B
Total Assets	$1.336B	$1.343B
YoY Change	-8.65%	-7.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$39.37M	$15.77M
YoY Change	92.98%	-25.2%
Accrued Expenses	$26.95M	$21.06M
YoY Change	71.11%	-1.54%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$66.32M	$51.48M
YoY Change	-27.93%	-88.66%
LONG-TERM LIABILITIES
Long-Term Debt	$399.7M	$399.7M
YoY Change	0.0%	1666.98%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$399.7M	$399.7M
YoY Change	0.0%	1666.98%
TOTAL LIABILITIES
Total Short-Term Liabilities	$66.32M	$51.48M
Total Long-Term Liabilities	$399.7M	$399.7M
Total Liabilities	$1.050B	$452.8M
YoY Change	112.92%	-5.3%
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	$285.5M	$290.2M
YoY Change
Total Liabilities & Shareholders Equity	$1.336B	$1.343B
YoY Change	-8.65%	-7.68%

Cashflow Statement

Concept	2023 Q2	2023 Q1
OPERATING ACTIVITIES
Net Income	$11.89M	$14.89M
YoY Change	-27.69%	-8.04%
Depreciation, Depletion And Amortization	$27.04M	$26.64M
YoY Change	13.19%	-14.85%
Cash From Operating Activities	$98.54M	$144.9M
YoY Change	-18.46%	38.21%
INVESTING ACTIVITIES
Capital Expenditures	$4.513M	$12.66M
YoY Change	-137.63%	-37.78%
Acquisitions
YoY Change
Other Investing Activities	-$42.00M	$12.88M
YoY Change	133.33%	-357.68%
Cash From Investing Activities	-$46.51M	$228.0K
YoY Change	55.08%	-100.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-97.18M	-$105.3M
YoY Change	5.95%	36.22%
NET CHANGE
Cash From Operating Activities	98.54M	$144.9M
Cash From Investing Activities	-46.51M	$228.0K
Cash From Financing Activities	-97.18M	-$105.3M
Net Change In Cash	-45.15M	$39.81M
YoY Change	5120.12%	1728.48%
FREE CASH FLOW
Cash From Operating Activities	$98.54M	$144.9M
Capital Expenditures	$4.513M	$12.66M
Free Cash Flow	$94.03M	$132.2M
YoY Change	-29.22%	56.51%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001604665
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-36567
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	Westlake Chemical Partners LP
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	32-0436529
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	2801 Post Oak Boulevard
CY2023Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 600
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77056
CY2023Q1	dei	City Area Code CityAreaCode	713
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	585-2900
CY2023Q1	dei	Security12b Title Security12bTitle	Common units representing limited partnership interests
CY2023Q1	dei	Trading Symbol TradingSymbol	WLKP
CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	35221868	shares
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	104588000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	64782000	usd
CY2023Q1	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	52079000	usd
CY2022Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	64996000	usd
CY2023Q1	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	50453000	usd
CY2022Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	90965000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	19691000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	20030000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	5466000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	4715000	usd
CY2023Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	153000	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	305000	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	232430000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	245793000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	977469000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	990213000	usd
CY2023Q1	us-gaap	Goodwill Goodwill	5814000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	5814000	usd
CY2023Q1	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	126965000	usd
CY2022Q4	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	130159000	usd
CY2023Q1	us-gaap	Assets Assets	1342678000	usd
CY2022Q4	us-gaap	Assets Assets	1371979000	usd
CY2023Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	14651000	usd
CY2022Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	34087000	usd
CY2023Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	15770000	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	15317000	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	21061000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	17537000	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	51482000	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	66941000	usd
CY2023Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	usd
CY2022Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	usd
CY2023Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1644000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1656000	usd
CY2023Q1	us-gaap	Liabilities Liabilities	452800000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	468271000	usd
CY2023Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q1	us-gaap	Partners Capital PartnersCapital	290218000	usd
CY2022Q4	us-gaap	Partners Capital PartnersCapital	291930000	usd
CY2023Q1	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	599660000	usd
CY2022Q4	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	611778000	usd
CY2023Q1	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	889878000	usd
CY2022Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	903708000	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1342678000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1371979000	usd
CY2023Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	257471000	usd
CY2022Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	290657000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	50206000	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	71743000	usd
CY2023Q1	us-gaap	Revenues Revenues	307677000	usd
CY2022Q1	us-gaap	Revenues Revenues	362400000	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	201604000	usd
CY2022Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	270961000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	106073000	usd
CY2022Q1	us-gaap	Gross Profit GrossProfit	91439000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7914000	usd
CY2022Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8227000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	98159000	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	83212000	usd
CY2023Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	7315000	usd
CY2022Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	2199000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	820000	usd
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-25000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	91664000	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	80988000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	212000	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	163000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	91452000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	80825000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	76560000	usd
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	64631000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	14892000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	16194000	usd
CY2022Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	903708000	usd
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CY2023Q1	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	889878000	usd
CY2021Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	972698000	usd
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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
CY2023Q1	us-gaap	Profit Loss ProfitLoss	91452000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	80825000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	26636000	usd
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	31282000	usd
CY2023Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-367000	usd
CY2022Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-2970000	usd
CY2023Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-575000	usd
CY2022Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-992000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	248000	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	21593000	usd
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CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	751000	usd
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CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-152000	usd
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-158000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2791000	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-11634000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	5467000	usd
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-35358000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	2485000	usd
CY2022Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	581000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	144860000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	104810000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	12656000	usd
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	20342000	usd
CY2023Q1	wlkp	Investmentswith Westlakeunderthe Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement	90116000	usd
CY2022Q1	wlkp	Investmentswith Westlakeunderthe Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement	55000000	usd
CY2023Q1	wlkp	Maturitiesofinvestmentswith Westlakeunderthe Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement	103000000	usd
CY2022Q1	wlkp	Maturitiesofinvestmentswith Westlakeunderthe Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement	50000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	228000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-25342000	usd
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CY2022Q1	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	0	usd
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CY2022Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	60688000	usd
CY2023Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	16604000	usd
CY2022Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	16603000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-105282000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-77291000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	39806000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	2177000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	64782000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17057000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	104588000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	19234000	usd
CY2023Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	19061000	usd
CY2022Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	18813000	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	867000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	280000	usd
CY2023Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	1497000	usd
CY2022Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	1497000	usd
CY2023Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	19691000	usd
CY2022Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	20030000	usd
CY2023Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	4988000	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	4093000	usd
CY2023Q1	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	478000	usd
CY2022Q4	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	622000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	5466000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	4715000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	20957000	usd
CY2022Q1	us-gaap	Depreciation Depreciation	23996000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	14892000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	16194000	usd
CY2023Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-1711000	usd
CY2022Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-406000	usd
CY2023Q1	us-gaap	Distributed Earnings DistributedEarnings	16603000	usd
CY2023Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-1711000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	14892000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted	35221868	shares
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
CY2023Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.4714
CY2022Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.4714
CY2018Q4	wlkp	Partners Units Maximum Aggregate Offering Amount Atm PartnersUnitsMaximumAggregateOfferingAmountATM	50000000	usd
CY2023Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	257471000	usd
CY2022Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	290657000	usd
CY2023Q1	wlkp	Ima Partnership Earned Amount Added To Market Rate Basis Points IMAPartnershipEarnedAmountAddedToMarketRateBasisPoints	five
CY2023Q1	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	52079000	usd
CY2022Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	64996000	usd
CY2022	wlkp	Buyer Deficiency Fee BuyerDeficiencyFee	23835000	usd
CY2021	wlkp	Shortfall Fees ShortfallFees	58906000	usd
CY2022Q4	wlkp	Shortfall Fees Outstanding ShortfallFeesOutstanding	7193000	usd
CY2023Q1	wlkp	Shortfall Fees Recovered ShortfallFeesRecovered	5374000	usd
CY2023Q1	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	50453000	usd
CY2022Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	90965000	usd
CY2023Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	14651000	usd
CY2022Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	34087000	usd
CY2023Q1	wlkp	Siteleaseagreementnumber Siteleaseagreementnumber	2
CY2023Q1	wlkp	Siteleaseagreementsterminyears Siteleaseagreementsterminyears	50
CY2023Q1	wlkp	Siteleaseagreements Op Coannualobligationto Wlk SiteleaseagreementsOpCoannualobligationtoWLK	1	usd
CY2023Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	usd
CY2022Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	usd
CY2022Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	usd
CY2022Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	405879000	usd
CY2023Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	usd
CY2022Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	usd
CY2023Q1	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.064
CY2022Q4	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.048
CY2023Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	usd
CY2023Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	407874000	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	21061000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	17537000	usd
CY2023Q1	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	4660000	usd
CY2023Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	3508000	usd
CY2022Q4	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	3752000	usd
CY2022Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	2652000	usd
CY2023Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	2091000	usd
CY2022Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	8056000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	4696000	usd
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	2163000	usd

Files In Submission

Name	View Source	Status
0001604665-23-000017-index-headers.html	Edgar Link	pending
0001604665-23-000017-index.html	Edgar Link	pending
0001604665-23-000017.txt	Edgar Link	pending
0001604665-23-000017-xbrl.zip	Edgar Link	pending
exhibit311_20230331.htm	Edgar Link	pending
exhibit312_20230331.htm	Edgar Link	pending
exhibit321_20230331.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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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-20230331.htm	Edgar Link	pending
wlkp-20230331.xsd	Edgar Link	pending
wlkp-20230331_def.xml	Edgar Link	unprocessable
wlkp-20230331_pre.xml	Edgar Link	unprocessable
wlkp-20230331_htm.xml	Edgar Link	completed
wlkp-20230331_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
wlkp-20230331_lab.xml	Edgar Link	unprocessable

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$WLKP
Westlake Chemical Partners LP Stock $wlkp

2023 Q2 Form 10-Q Financial Statement

#000160466523000017 Filed on May 04, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP Westlake Chemical Partners LP Stock $wlkp

2023 Q2 Form 10-Q Financial Statement

#000160466523000017 Filed on May 04, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP
Westlake Chemical Partners LP Stock $wlkp