WLKP

Westlake Chemical Partners LP (NYSE:WLKP) is a master limited partnership that was formed in 2014 and went public through an initial public offering in July 2014. The company was created as a spin-off vehicle by Westlake Corporation to own and operate ethylene production facilities in the United States. Headquartered in Houston, Texas, the partnership has maintained a track record of 43 consecutive quarterly distributions to unitholders since its IPO. The company operates as a fee-based business model designed to provide stable cash flows to investors through long-term contractual arrangements with its parent company, Westlake Corporation.