---
title: "Westlake Chemical Partners LP 1Q 2026: Revenue $305.7M, EPS $0.4— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285418341.md"
description: "Westlake Chemical Partners LP reported Q1 2026 revenue of $305.7M, up 28.7% from $237.6M in Q1 2025, with net income of $81.7M, a 93.1% increase year-over-year. Diluted earnings per limited partner unit rose to $0.40 from $0.14. The growth was driven by higher ethylene production and increased sales to Westlake, despite rising natural gas costs. The partnership maintained disciplined cash management and improved gross margin to 30.7%."
datetime: "2026-05-06T17:51:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285418341.md)
  - [en](https://longbridge.com/en/news/285418341.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285418341.md)
---

# Westlake Chemical Partners LP 1Q 2026: Revenue $305.7M, EPS $0.4— 10-Q Summary

Westlake Chemical Partners LP reported first-quarter 2026 results with revenue of $305.7M and diluted earnings per limited partner unit of $0.4, driven by higher ethylene production and increased sales to Westlake versus the year-ago quarter.

**Financial Highlights**

-   Revenue was $305.7M for Q1 2026, compared with $237.6M in Q1 2025; YoY change 28.7%.
-   Net income was $81.7M consolidated for Q1 2026, compared with $42.3M in Q1 2025; YoY change 93.1%. Net income attributable to the Partnership was $14.2M, compared with $4.9M in Q1 2025; YoY change 187.2%.
-   Diluted earnings per limited partner unit was $0.40 for Q1 2026, compared with $0.14 in Q1 2025; YoY change 185.7%.

**Business Highlights**

-   Net sales rose 28.7% year over year to $305.7M, primarily from higher ethylene production and increased volumes sold to Westlake under the long‑term Ethylene Sales Agreement; higher volumes to Westlake offset lower third‑party volumes.
-   Operational recovery from the 2025 Petro 1 turnaround resulted in higher production and an improved gross margin of 30.7% versus 22.8% a year earlier.
-   Natural gas costs increased materially during the quarter, which partially offset benefits from higher volumes and co‑product sales.
-   The partnership continued disciplined cash management, including reserve funding and scheduled maintenance turnarounds to stabilize cash flow.

Original SEC Filing: Westlake Chemical Partners LP \[ WLKP \] - 10-Q - May. 06, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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