Westlake Chemical Partners Highlights Q4 Recovery, Maintains Distribution
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Westlake Chemical PRN ( (WLKP) ) has provided an announcement.
Westlake Chemical Partners LP reported fourth-quarter 2025 net income attributable to the partnership of $14.5 million, or $0.41 per unit, essentially flat versus a year earlier, with operating cash flow down to $120.4 million but MLP distributable cash flow rising to $18.8 million, yielding a strong coverage ratio of 1.13 times after the completion of the Petro 1 turnaround. For full-year 2025, net income fell to $48.7 million and operating cash flow dropped to $280.5 million, largely due to turnaround-related lower volumes and higher cash expenditures, yet the board still declared a $0.4714 per-unit distribution for the fourth quarter, marking a 46th consecutive payout and signaling continued commitment to distributions despite lower coverage of 0.80 times over the trailing twelve months.
Compared with the third quarter of 2025, fourth-quarter operating cash flow improved by $15.2 million and MLP distributable cash flow increased by $3.9 million, mainly on lower maintenance capital spending, suggesting operational recovery post-turnaround. The Petro 1 outage weighed on full-year distributable cash flow, which declined to $53.4 million from $66.9 million in 2024, but the partnership exited 2025 with its highest quarterly coverage ratio since late 2022, underpinning management’s view that the now-completed turnaround and the ethylene sales agreement with Westlake position the business for stronger volumes, improved coverage metrics and ongoing support for unitholder distributions in subsequent periods.
The most recent analyst rating on (WLKP) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Westlake Chemical PRN stock, see the WLKP Stock Forecast page.
Spark’s Take on WLKP Stock
According to Spark, TipRanks’ AI Analyst, WLKP is a Neutral.
Westlake Chemical PRN’s strong valuation and solid financial performance are offset by bearish technical indicators and operational pressures highlighted in the earnings call. The high dividend yield is a significant positive, but the stock’s current bearish trend and global economic challenges present risks.
To see Spark’s full report on WLKP stock, click here.
More about Westlake Chemical PRN
Westlake Chemical Partners LP is a publicly traded limited partnership listed on the NYSE under the ticker WLKP and is affiliated with Westlake Corporation. Through its operating subsidiary OpCo, it is focused on ethylene production, with 95% of OpCo’s ethylene output sold to Westlake under a long-term agreement designed to deliver stable and predictable cash flows.
Average Trading Volume: 57,963
Technical Sentiment Signal: Strong Buy
Current Market Cap: $752.1M
See more insights into WLKP stock on TipRanks’ Stock Analysis page.
