Westlake Chemical Partners LP (WLKP) intrinsic value & 10-year financials

Westlake Chemical Partners LP (WLKP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 1.9% a year to $1.2B.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$20.80
Revenue (FY2025)
$1.2B
Revenue growth (10-yr CAGR)
1.9%
Free cash flow (FY2025)
$201.7M

WLKP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.2B $48.7M — $201.7M 27.4% —
FY2024 $1.1B $62.4M — $436.0M 34.4% —
FY2023 $1.2B $54.3M — $405.2M 30.0% —
FY2022 $250.2M $64.2M — $409.6M 138.9% —
FY2021 $188.3M $82.5M — $327.3M 218.1% —
FY2020 $78.4M $66.2M — $336.4M 450.1% —
FY2019 $154.2M $61.0M — $407.1M 227.0% —
FY2018 $1.3B $49.3M — $396.3M 27.2% —
FY2017 $1.2B $48.7M — $468.5M 31.9% —
FY2016 $986.7M $40.9M — -$11.9M 37.1% —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Westlake Chemical Partners LP has demonstrated mature, steady growth, with revenue compounding at 1.9% annually over the past decade.

Westlake Chemical Partners LP 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

Westlake Chemical Partners LP capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Westlake Chemical Partners LP is modeled at 1.9% normalized earnings growth with a 5.1% bond-yield adjustment.

WLKP stock: frequently asked questions

How fast has Westlake Chemical Partners LP grown?

Revenue went from $986.7M in fiscal 2016 to $1.2B in fiscal 2025, a compound annual growth rate of 1.9%. Net income was $48.7M in fiscal 2025.

Does Westlake Chemical Partners LP generate free cash flow?

Westlake Chemical Partners LP generated $201.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 10 reported years.

Where does this WLKP data come from?

From Westlake Chemical Partners LP's annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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