Key Details
Price
$111.98Last Dividend
$0.53Annual Revenue
$12.55 BAnnual EPS
$3.70Annual ROE
4.51%Beta
0.92Events Calendar
Next earnings date:
Feb 20, 2025Recent quarterly earnings:
Nov 05, 2024Recent annual earnings:
Feb 20, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 26, 2024Next split:
N/ARecent split:
Mar 19, 2014Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
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Institutional Ownership
WLK has launched the Dryroll ridge vent, an innovative product designed to enhance roof protection and improve attic ventilation.
HOUSTON--(BUSINESS WIRE)--Westlake Innovations, Inc., part of Westlake Corporation (NYSE: WLK), has announced its investment in Universal Matter, Inc. This company, located in Burlington, Ontario, aims to be a top provider of high-quality and sustainable graphene and advanced materials to aid in reducing carbon emissions. Westlake's investment reflects its dedication to fostering a more sustainable future by continually enhancing its manufacturing processes.
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) has announced the appointment of Mr. Roger A. Cregg to its board of directors. He takes over from Mr. Marius A. Haas, who had previously announced his retirement from the board, effective December 10, 2024, after the new member was appointed. "We are very pleased that Roger has accepted this position on our board," said a Westlake Corporation executive.
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) has published its 2023 Sustainability Report, marking the seventh annual update on its sustainability efforts. This report highlights the company's impact on local communities and improvements in teamwork and employee growth. "We think that listening is key to generating great ideas and innovations, which have led to many of our successes," the company stated.
HOUSTON--(BUSINESS WIRE)--Westlake Corporation's Board of Directors (NYSE: WLK) has announced a regular dividend of $0.525 per share for the third quarter of 2024. This payment will be made on December 12, 2024, to shareholders who are on record as of November 26, 2024. Westlake has been paying and raising its dividend consistently for the last 20 years, having declared its first dividend on November 11, 2004.
In the third quarter, WLK experienced a decline in sales compared to the previous quarter, as a decrease in sales volume outweighed the rise in average sales prices.
Westlake Chemical (WLK) reported quarterly earnings of $1.41 per share, which is lower than the Zacks Consensus Estimate of $2.12 per share. This is also a decrease from the earnings of $2.20 per share from the same period last year.
HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) announced today that its net income for the third quarter of 2024 was $18.1 million, or $0.51 per limited partner unit, which is an increase of $4.9 million from the $13.2 million reported in the same quarter of 2023. Additionally, cash flows from operating activities for the third quarter of 2024 reached $126.1 million, up by $25.2 million compared to the previous year.
WLKP mainly focuses on its long-term Ethylene Sales Agreement with Westlake Corporation, ensuring that Westlake buys 95% of WLKP's ethylene output at a set profit margin. The company has a strong history of paying dividends, with a 12-month yield of 8.45% and steady growth, making it a stable choice for investors. Even though the petrochemical industry can be unpredictable, WLKP's fixed-margin approach and efficient operations present a low-risk investment option, along with manageable debt and good liquidity.
In addition to Wall Street's predictions for Westlake's (WLK) earnings, take a look at forecasts for some important metrics to better understand how the company performed in the quarter that ended in September 2024.
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