Westlake Chemical Partners is a limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP's assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline.
Company profile
Ticker
WLKP
Exchange
Website
CEO
Albert Chao
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Westlake Chemical OpCo GP LLC • Westlake Chemical OpCo LP ...
WLKP stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
21 Mar 23
8-K
Departure of Directors or Certain Officers
7 Mar 23
S-3
Shelf registration
1 Mar 23
10-K
2022 FY
Annual report
1 Mar 23
8-K
Westlake Chemical Partners LP
21 Feb 23
10-Q
2022 Q3
Quarterly report
3 Nov 22
8-K
Westlake Chemical Partners LP
3 Nov 22
10-Q
2022 Q2
Quarterly report
3 Aug 22
8-K
Westlake Chemical Partners LP
2 Aug 22
8-K
Entry into a Material Definitive Agreement
15 Jul 22
Transcripts
WLKP
Earnings call transcript
2022 Q4
21 Feb 23
WLKP
Earnings call transcript
2022 Q3
3 Nov 22
WLKP
Earnings call transcript
2022 Q2
2 Aug 22
WLKP
Earnings call transcript
2022 Q1
3 May 22
WLKP
Earnings call transcript
2021 Q4
22 Feb 22
WLKP
Earnings call transcript
2021 Q3
2 Nov 21
WLKP
Earnings call transcript
2021 Q2
3 Aug 21
WLKP
Earnings call transcript
2021 Q1
4 May 21
WLKP
Earnings call transcript
2020 Q4
23 Feb 21
WLKP
Earnings call transcript
2020 Q3
3 Nov 20
Latest ownership filings
4
Andrew Kenner
14 Mar 23
4
Andrew Kenner
13 Mar 23
SC 13G/A
Energy Income Partners, LLC
14 Feb 23
SC 13G/A
Invesco Ltd.
10 Feb 23
SC 13G/A
WPT LLC
23 Jan 23
SC 13G/A
FIRST TRUST PORTFOLIOS LP
11 Jan 23
4
Andrew Kenner
16 Nov 22
4
Andrew Kenner
14 Nov 22
4
RANDY WOELFEL
12 Aug 22
4
Angela A Minas
12 Aug 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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Institutional ownership, Q4 2022
69.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 15 |
| Opened positions | 3 |
| Closed positions | 2 |
| Increased positions | 3 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 11.39 bn |
| Total shares | 24.43 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| WPT | 14.12 mm | $0.00 |
| IVZ Invesco | 5.45 mm | $128.12 mm |
| Energy Income Partners | 2.48 mm | $0.00 |
| First Trust Portfolios | 1.89 mm | $0.00 |
| GS Goldman Sachs | 197.31 k | $4.64 bn |
| Tortoise Capital Advisors, L.L.C. | 132.81 k | $3.12 bn |
| NBW Capital | 43.16 k | $1.01 bn |
| Pinnacle | 35.30 k | $829.53 mm |
| Advisory Services Network | 23.30 k | $547.55 mm |
| Shapiro Capital Management | 17.40 k | $408.90 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 Mar 23 | Andrew Kenner | Common Units | Buy | Acquire P | No | No | 21.441 | 5,000 | 107.21 k | 65,000 |
| 10 Mar 23 | Andrew Kenner | Common Units | Buy | Acquire P | No | No | 22.02 | 10,000 | 220.20 k | 60,000 |
| 15 Nov 22 | Andrew Kenner | Common Units | Buy | Acquire P | No | No | 22.9742 | 4,362 | 100.21 k | 50,000 |
| 10 Nov 22 | Andrew Kenner | Common Units | Buy | Acquire P | No | No | 22.9781 | 5,638 | 129.55 k | 45,638 |
| 11 Aug 22 | Finley G Stephen | Common Units | Option exercise | Acquire M | No | No | 0 | 3,726 | 0.00 | 18,311 |
| 11 Aug 22 | Finley G Stephen | Phantom Units Common Units | Option exercise | Dispose M | No | No | 0 | 3,726 | 0.00 | 0 |
| 10 Aug 22 | Finley G Stephen | Phantom Units Common Units | Grant | Acquire A | No | No | 0 | 4,177 | 0.00 | 4,177 |