Westlake Chemical Partners LP Q2 2026: Revenue $297.1M, EPS $0.4— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Westlake Chemical Partners LP reported Q2 2026 revenue of $297.1M, flat year-over-year, and diluted EPS of $0.40, down from $0.41 in Q2 2025. Consolidated net income decreased to $82.4M from $85.8M. While net sales remained stable, year-to-date sales rose 12.7% due to higher ethylene volumes. Lower feedstock costs improved margins despite price pressures from the long-term Ethylene Sales Agreement with Westlake.
Westlake Chemical Partners LP reported second-quarter 2026 results with revenue of $297.1M, essentially flat year over year, while consolidated net income was $82.4M and diluted EPS was $0.4.
Financial Highlights
- Revenue was $297.1M for Q2 2026, essentially flat versus $297.1M in Q2 2025 (0.0% YoY); excluding a $13.6M buyer deficiency fee in Q2 2025, revenue was up 4.8% YoY.
- Net income was $82.4M consolidated for Q2 2026, down from $85.8M in Q2 2025 ( (4.0%) ). Net income attributable to the Partnership was $14.2M versus $14.6M a year earlier.
- Diluted earnings per share was $0.40 for Q2 2026, versus $0.41 in Q2 2025 ( (2.4%) ).
Business Highlights
- Net sales were stable in Q2 2026 at $297.1M; year-to-date sales increased 12.7% driven by higher ethylene and co‑product volumes.
- The majority of revenue is generated under a long‑term Ethylene Sales Agreement with Westlake; lower average prices to Westlake weighed on margins in Q2.
- Production recovery following the Petro 1 turnaround increased volumes to Westlake and third parties in 2026.
- Lower feedstock costs improved margins year to date despite higher fuel expenses and increased SG&A from service costs.
- Operating cash flow strengthened and the Partnership has set aside turnaround contributions to smooth the impact of future maintenance.
Original SEC Filing: Westlake Chemical Partners LP [ WLKP ] - 10-Q - Aug. 05, 2026
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