Westlake Chemical Partners LP
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities which primarily convert ethane into ethylene. It also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westla… Read more
Westlake Chemical Partners LP (WLKP) - Net Assets
Latest net assets as of December 2025: $802.35 Million USD
Based on the latest financial reports, Westlake Chemical Partners LP (WLKP) has net assets worth $802.35 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.26 Billion) and total liabilities ($454.18 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $802.35 Million |
| % of Total Assets | 63.85% |
| Annual Growth Rate | 8.62% |
| 5-Year Change | -17.51% |
| 10-Year Change | -12.88% |
| Growth Volatility | 27.76 |
Westlake Chemical Partners LP - Net Assets Trend (2012–2025)
This chart illustrates how Westlake Chemical Partners LP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Westlake Chemical Partners LP (2012–2025)
The table below shows the annual net assets of Westlake Chemical Partners LP from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $802.35 Million | -3.25% |
| 2024-12-31 | $829.31 Million | -3.15% |
| 2023-12-31 | $856.25 Million | -5.25% |
| 2022-12-31 | $903.71 Million | -7.09% |
| 2021-12-31 | $972.70 Million | +6.29% |
| 2020-12-31 | $915.14 Million | -3.89% |
| 2019-12-31 | $952.13 Million | +1.93% |
| 2018-12-31 | $934.08 Million | -6.47% |
| 2017-12-31 | $998.75 Million | +8.45% |
| 2016-12-31 | $920.96 Million | +8.71% |
| 2015-12-31 | $847.17 Million | +1.46% |
| 2014-12-31 | $834.95 Million | +83.33% |
| 2013-12-31 | $455.43 Million | +66.33% |
| 2012-12-31 | $273.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Westlake Chemical Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $501.11 Million | 100.00% |
| Total Equity | $501.11 Million | 100.00% |
Westlake Chemical Partners LP Competitors by Market Cap
The table below lists competitors of Westlake Chemical Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Valneva SE
PINK:INRLF
|
$430.12 Million |
|
CNFC Overseas Fishery Co Ltd
SHE:000798
|
$430.25 Million |
|
ORIENT CORP
MU:OIT
|
$430.26 Million |
|
Zhejiang Yonggui Electric Equipment Co Ltd
SHE:300351
|
$430.40 Million |
|
Jinxiandai Information Industry Co
SHE:300830
|
$430.08 Million |
|
Yingkou Jinchen Mach Co Ltd
SHG:603396
|
$430.06 Million |
|
Shenzhen Xfh Technology Co Ltd
SHE:300890
|
$430.03 Million |
|
Bangkok Chain Hospital Public Company Limited
BK:BCH-R
|
$429.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Westlake Chemical Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 518,701,000 to 501,108,000, a change of -17,593,000 (-3.4%).
- Net income of 298,576,000 contributed positively to equity growth.
- Dividend payments of 66,452,000 reduced retained earnings.
- Other factors decreased equity by 249,717,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $298.58 Million | +59.58% |
| Dividends Paid | $66.45 Million | -13.26% |
| Other Changes | $-249.72 Million | -49.83% |
| Total Change | $- | -3.39% |
Book Value vs Market Value Analysis
This analysis compares Westlake Chemical Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.57x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $-20.92 | $22.33 | x |
| 2013-12-31 | $-22.12 | $22.33 | x |
| 2014-12-31 | $30.86 | $22.33 | x |
| 2015-12-31 | $31.27 | $22.33 | x |
| 2016-12-31 | $33.74 | $22.33 | x |
| 2017-12-31 | $35.18 | $22.33 | x |
| 2018-12-31 | $28.58 | $22.33 | x |
| 2019-12-31 | $15.08 | $22.33 | x |
| 2020-12-31 | $14.77 | $22.33 | x |
| 2021-12-31 | $15.24 | $22.33 | x |
| 2022-12-31 | $15.18 | $22.33 | x |
| 2023-12-31 | $14.83 | $22.33 | x |
| 2024-12-31 | $14.72 | $22.33 | x |
| 2025-12-31 | $14.22 | $22.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westlake Chemical Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 59.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.59%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 2.51x
- Recent ROE (59.58%) is above the historical average (11.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 17.60% | 2.69x | 0.00x | $449.00 Million |
| 2013 | 0.00% | 25.69% | 2.04x | 0.00x | $602.68 Million |
| 2014 | 1.63% | 0.78% | 1.60x | 1.31x | $-69.92 Million |
| 2015 | 4.70% | 3.95% | 0.78x | 1.52x | $-44.89 Million |
| 2016 | 4.45% | 4.15% | 0.63x | 1.69x | $-51.16 Million |
| 2017 | 4.87% | 4.15% | 0.77x | 1.52x | $-51.20 Million |
| 2018 | 5.28% | 3.84% | 0.88x | 1.57x | $-44.06 Million |
| 2019 | 11.73% | 5.59% | 0.78x | 2.68x | $8.97 Million |
| 2020 | 12.73% | 6.84% | 0.71x | 2.61x | $14.17 Million |
| 2021 | 15.38% | 6.79% | 0.82x | 2.76x | $28.89 Million |
| 2022 | 12.01% | 4.03% | 1.16x | 2.57x | $10.72 Million |
| 2023 | 10.39% | 4.56% | 0.90x | 2.52x | $2.03 Million |
| 2024 | 12.03% | 5.49% | 0.88x | 2.48x | $10.52 Million |
| 2025 | 59.58% | 25.59% | 0.93x | 2.51x | $248.47 Million |
Industry Comparison
This section compares Westlake Chemical Partners LP's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $4,551,697,655
- Average return on equity (ROE) among peers: 0.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westlake Chemical Partners LP (WLKP) | $802.35 Million | 0.00% | 0.57x | $430.09 Million |
| Synalloy Corporation (ACNT) | $26.00 Million | 24.62% | 0.65x | $96.97 Million |
| Advance ZincTek Limited (ADVNF) | $34.99 Million | 6.26% | 0.09x | $5.02 Million |
| AdvanSix Inc (ASIX) | $215.36 Million | 15.86% | 3.20x | $435.20 Million |
| ASP Isotopes Inc. Common Stock (ASPI) | $6.00 Million | -43.48% | 0.19x | $437.78 Million |
| Braskem SA Class A (BAK) | $5.89 Billion | 14.66% | 7.38x | $970.61 Million |
| Bachem Holding AG (BCHMF) | $389.21 Million | 11.99% | 0.14x | $1.98 Billion |
| BASF SE NA O.N. (BFFAF) | $36.11 Billion | 13.04% | 1.40x | $47.09 Billion |
| BioLargo Inc (BLGO) | $-770.20K | 0.00% | 0.00x | $51.87 Million |
| Black Swan Graphene Inc. (BSWGF) | $13.83 Million | -43.99% | 0.01x | $10.07 Million |
| Celanese Corporation (CE) | $2.83 Billion | 10.75% | 2.03x | $6.44 Billion |