Westlake Chemical Partners (WLKP) Expected to Announce Earnings on Friday

Westlake Chemical Partners (NYSE:WLKP) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Friday, May 2nd. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

Westlake Chemical Partners (NYSE:WLKP) last released its quarterly earnings data on Monday, February 24th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Westlake Chemical Partners had a return on equity of 7.31% and a net margin of 5.40%. The company had revenue of $290.06 million for the quarter, compared to analyst estimates of $262.00 million. On average, analysts expect Westlake Chemical Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Westlake Chemical Partners Price Performance

Shares of NYSE WLKP opened at $23.62 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.53 and a quick ratio of 4.46. Westlake Chemical Partners has a 1-year low of $21.19 and a 1-year high of $25.04. The company has a market capitalization of $832.17 million, a price-to-earnings ratio of 13.49 and a beta of 0.93. The business has a 50-day moving average of $23.35 and a 200-day moving average of $23.32.

Westlake Chemical Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.4714 dividend. This represents a $1.89 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date was Friday, February 7th. This is a boost from Westlake Chemical Partners’s previous quarterly dividend of $0.47. Westlake Chemical Partners’s dividend payout ratio is currently 106.21%.

About Westlake Chemical Partners

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company’s ethylene production facilities 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.