Added to YB: 2025-12-23
Pitch date: 2025-12-04
WLKP [bullish]
Westlake Chemical Partners LP
Author Info
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Company Info
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States.
Market Cap
$673.2M
Pitch Price
$19.10
Price Target
23.56 (+23%)
Dividend
9.87%
EV/EBITDA
3.04
P/E
13.69
EV/Sales
1.19
Sector
Chemicals
Category
dividend
Show full summary:
Westlake Chemical Partners LP - $WLKP
WLKP: MLP trades at 600bp spread to treasuries (vs historical 400bp) after contract renewal through 2027 at same 10¢ margin. Facility turnarounds complete, distribution coverage should improve above 1.0x in 2026. 10%+ yield attractive vs nosebleed market valuations.
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