WLKP (Westlake Chemical Partners LP) EBIT: $361 Mil (TTM As of Mar. 2026)


WLKP Westlake Chemical Partners LP WLKP
85 GF Score
Price $22.66
GF Value $24.08
Valuation Fairly Valued
! 8 Warning Signs
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What is Westlake Chemical Partners LP EBIT?

Westlake Chemical Partners LP WLKP -0.13% 85 EBIT is $361 Mil as of Mar. 2026. GuruFocus rates WLKP with a GF Score™ of 85/100 and a GF Value™ of $24.08 (Fairly Valued). The stock has 8 warning signs investors should review.

Westlake Chemical Partners LP's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $87 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $361 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Westlake Chemical Partners LP's annualized ROC % for the quarter that ended in Mar. 2026 was 29.80%. Westlake Chemical Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 39.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Westlake Chemical Partners LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.36%.


Westlake Chemical Partners LP  (NYSE:WLKP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Westlake Chemical Partners LP's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=346.276 * ( 1 - 0.22% )/( (1168.518 + 1150.616)/ 2 )
=345.5141928/1159.567
=29.80 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1256.533 - 43.746 - ( 44.269 - max(0, 51.301 - 143.506+44.269))
=1168.518

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Westlake Chemical Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=347.668/( ( (886.012 + max(-39.013, 0)) + (871.606 + max(-17.702, 0)) )/ 2 )
=347.668/( ( 886.012 + 871.606 )/ 2 )
=347.668/878.809
=39.56 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.113 + 2.769 + 0.40600000000001) - (43.746 + 0 + 7.555)
=-39.013

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.778 + 3.093 + 0.21899999999999) - (40.792 + 0 + 0)
=-17.702

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Westlake Chemical Partners LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=360.986/1690.353
=21.36 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Westlake Chemical Partners LP EBIT Related Terms


Westlake Chemical Partners LP EBIT Historical Data

* Premium members only.

The historical data trend for Westlake Chemical Partners LP's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Westlake Chemical Partners LP EBIT Chart

Westlake Chemical Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 410.75 349.25 361.94 395.70 322.02

Westlake Chemical Partners LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.95 91.91 92.20 89.96 86.92

WLKP vs LXU, ASPI, RYAM: EBIT Comparison

For the Chemicals subindustry, Westlake Chemical Partners LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Westlake Chemical Partners LP EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Westlake Chemical Partners LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Westlake Chemical Partners LP's EV-to-EBIT falls into.


WLKP
85GF Score
Westlake Chemical Partners LP WLKP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Westlake Chemical Partners LP EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $361 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $361 Mil mean?
Westlake Chemical Partners LP (WLKP) has a EBIT of $361 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Westlake Chemical Partners LP.
Is Westlake Chemical Partners LP's EBIT too high?
Westlake Chemical Partners LP's current EBIT is $361 Mil. Overall, Westlake Chemical Partners LP has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Westlake Chemical Partners LP's EBIT compare to LXU and ASPI?
Westlake Chemical Partners LP's EBIT of $361 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Chemicals company?
A good EBIT depends on the Chemicals industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Westlake Chemical Partners LP. Westlake Chemical Partners LP's current EBIT is $361 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westlake Chemical Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Westlake Chemical Partners LP (WLKP) is currently considered Fairly Valued. The stock's GF Value™ is $24.08, compared to a current price of $22.66 — trading 5.9% below its estimated fair value. The current EBIT is $361 Mil. Westlake Chemical Partners LP's overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Westlake Chemical Partners LP (WLKP), the current EBIT is $361 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Westlake Chemical Partners LP (WLKP) Overvalued in 2026?

Based on GuruFocus' analysis, Westlake Chemical Partners LP stock appears to be undervalued. The current stock price of $22.66 is trading 5.9% below its estimated GF Value™ of $24.08. GuruFocus considers Westlake Chemical Partners LP to be Fairly Valued.

Key valuation signals for WLKP:

  • EBIT: $361 Mil
  • GF Value™: $24.08 vs. price of $22.66 (5.9% below fair value)
  • GF Score™: 85/100 with 8 warning signs

No single metric tells the full story. See the WLKP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Westlake Chemical Partners LP Business Description

Address 2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056
Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develops ethylene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen, to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.
85GF Score

Get the complete analysis for WLKP

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.66
Price
$24.08
GF Value