Westlake Chemical Partners LP income statement
In fiscal 2025, Westlake Chemical Partners LP reported revenue of $1.17bn, up 2.7% on the year before, operating income of $320m (a 27.4% margin) and net income of $48.7m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,750 | 1,007 | 987 | 1,173 | 1,286 | 1,092 | 967 | 1,215 | 1,593 | 1,191 | 1,136 | 1,167 | 1,235 |
| Cost of revenue | — | — | 595 | 769 | 908 | 712 | 588 | 773 | 1,216 | 803 | 717 | 819 | 850 |
| Gross profit | 746 | 383 | 391 | 404 | 377 | 379 | 379 | 442 | 377 | 387 | 419 | 348 | 385 |
| Selling, general and administrative | 29 | 24 | 25 | 29 | 28 | 29 | 26 | 31 | 30 | 30 | 28 | 28 | 29 |
| Operating income | 717 | 359 | 366 | 374 | 350 | 350 | 353 | 411 | 348 | 358 | 390 | 320 | 356 |
| Interest expense | — | — | — | — | — | — | — | — | 13 | 27 | 26 | 23 | 22 |
| Income before tax | — | 355 | 354 | 354 | 331 | 334 | 342 | 402 | 336 | 335 | 370 | 299 | 335 |
| Income tax | 199 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net income | 14 | 40 | 41 | 49 | 49 | 61 | 66 | 83 | 64 | 54 | 62 | 49 | 58 |
| Diluted EPS | — | $1.47 | — | — | — | — | — | — | — | — | — | — | — |
| Diluted shares (average) | 27m | 27m | 27m | 28m | 32m | 34m | 35m | 35m | — | — | — | — | — |
| EBITDA | 794 | 441 | 465 | 488 | 458 | 457 | 456 | 520 | 469 | 468 | 502 | 448 | 469 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 277 | 290 | 238 | 297 | 309 | 323 | 306 | 297 |
| Cost of revenue | 160 | 191 | 184 | 200 | 209 | 226 | 212 | 202 |
| Gross profit | 117 | 99 | 54 | 98 | 99 | 97 | 94 | 95 |
| Selling, general and administrative | 7 | 7 | 7 | 6 | 7 | 7 | 7 | 7 |
| Operating income | 110 | 92 | 47 | 91 | 92 | 90 | 87 | 87 |
| Interest expense | 7 | 6 | 6 | 6 | 6 | 6 | 5 | 5 |
| Income before tax | 104 | 88 | 42 | 86 | 86 | 84 | 82 | 83 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 18 | 15 | 5 | 15 | 15 | 15 | 14 | 14 |
| EBITDA | 131 | 120 | 74 | 113 | 114 | 124 | 121 | 110 |
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