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 Maintains Dividend Strength Amid Mixed Earnings Signals

A refinery with billowing smokestacks and piping infrastructure, symbolizing the company’s production capabilities in ethylene, propylene, and crude butadiene.

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 risk and potential of WLKP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WLKP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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