Company Westlake Chemical Partners LP

Equities

WLKP

US9604171036

Commodity Chemicals

Market Closed - Nyse 21:00:01 01/05/2024 BST 5-day change 1st Jan Change
21.96 USD +0.46% Intraday chart for Westlake Chemical Partners LP +0.09% +1.43%

Business Summary

Westlake Chemical Partners LP is a limited partnership formed by Westlake Corporation to operate, acquire, and develop ethylene production facilities and other qualified assets. The Company’s business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCos assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, and an ethylene pipeline. The ethylene production facilities primarily convert ethane into ethylene and have an aggregate annual capacity of approximately 3.7 billion pounds, and a 200-mile ethylene pipeline. It owns two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), with an annual combined capacity of approximately 3.0 billion pounds. The Company owns one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 730 million pounds.

Sales per Business

USD in Million2022Weight2023Weight Delta
Westlake
86.2 %
1,343 84.3 % 1,027 86.2 % -23.55%
Co-products, Ethylene and Other
13.8 %
250 15.7 % 164 13.8 % -34.41%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
1,593 100.0 % 1,191 100.0 % -25.26%

Managers

Managers TitleAgeSince
Chief Executive Officer 74 -
Director of Finance/CFO 68 -
Chief Administrative Officer 54 28/02/14
Comptroller/Controller/Auditor 49 -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 73 23/03/20
Chief Executive Officer 74 -
Chairman 76 30/06/14
Director of Finance/CFO 68 -
Director/Board Member 68 31/10/19
Chief Administrative Officer 54 28/02/14

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 35,228,134 19,443,338 ( 55.19 %) 0 55.19 %

Shareholders

NameEquities%Valuation
14,122,230 40.09 % 314 M $
Invesco Advisers, Inc.
14.94 %
5,264,187 14.94 % 117 M $
Energy Income Partners LLC
5.910 %
2,081,811 5.910 % 46 M $
First Trust Advisors LP
4.567 %
1,608,700 4.567 % 36 M $
Global X Management Co. LLC
1.642 %
578,308 1.642 % 13 M $
UBS Financial Services, Inc.
1.518 %
534,783 1.518 % 12 M $
ClearBridge Investments LLC
1.200 %
422,835 1.200 % 9 M $
Bank of America, NA (Charlotte, North Carolina)
0.7037 %
247,916 0.7037 % 6 M $
Yuan Chao
0.4983 %
175,528 0.4983 % 4 M $
Morgan Stanley (Strategic Investments)
0.4380 %
154,287 0.4380 % 3 M $

Company contact information

Westlake Chemical Partners LP

2801 Post Oak Boulevard Suite 600

77056, Houston

+713 585 2900

http://www.wlkpartners.com
address Westlake Chemical Partners LP(WLKP)
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