Westlake Chemical Partners Maintains Dividend Strength Amid Mixed Earnings Signals

Westlake Chemical Partners LP (NYSE:WLKP) is one of the 12 Best MLP Dividend Stocks to Buy According to Analysts.

Amid mixed Q1 earnings call and Buy rating, a top executive makes a significant stock sale.

Westlake Chemical Partners LP (NYSE:WLKP) owns, operates, and grows ethylene production assets. Based in Texas, the firm oversees three U.S. ethylene facilities in Kentucky and Louisiana and a 200-mile ethylene pipeline through its operating company (OpCo). With 3.7 billion pounds of annual capacity, it also markets co-products like propylene, butadiene, and hydrogen to third parties.

On May 2, 2025, the company reported its first quarter results, highlighting a net income of $5 million. The consolidated cash balance and cash investments totaled around $154 million, indicating a robust balance sheet. However, the report also indicated a fall in net income by nearly $10 million owing to lower production and sales volume from the planned turnaround at Petro 1.

On May 28, 2025, Barclays reiterated a Buy rating on the stock. Amid this rating, Senior Chairman James Chao sold 10,208 of the company’s shares in a transaction valued at $225,989. Despite these mixed signs, the stock’s recent monthly and weekly performance has remained positive, with an upward movement of 1.67% and 0.49% respectively.

Investors seeking a stable income might find Westlake Chemical Partners LP (NYSE:WLKP)’s dividend yield of 8.54%, supported by a Buy rating, attractive.

While we acknowledge the potential of WLKP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best High Risk Penny Stocks to Invest in and 10 Dividend Bargains Trading Below Insiders’ Prices

Disclosure. None.