Westlake Chemical Partners Lp · NYSE:WLKP
Westlake Chemical Partners Lp — Q3 2025 Earnings Presentation
15 slides from Westlake Chemical Partners Lp's earnings presentation, Oct 30, 2025
Slide 1: Earnings Presentation 3Q 2025
Earnings Presentation 3Q 2025 1
Slide 2: Third Quarter 2025 Highlights
Third Quarter 2025 Highlights 3Q 2025 Financial Results $2.8B $313M $2.1B Net Sales EBITDA(1,2) Cash, Equivalents and Investments(3) • Solid HIP sales and EBITDA, which included ~$20 million in period-related expenses and a $5 million FIFO headwind • PEM operating rate and sales volume improved as 3
Slide 3: Westlake Corporation 3Q 2025
Westlake Corporation 3Q 2025 Identified Items consisting of a non-cash ($ in millions) 3Q'25 2Q'25 QoQ% 3Q'24 YoY% goodwill impairment charge of $727 million Sales $2,838 $2,953 (4%) $3,117 (9%) and $17 million of accrued expenses related to previously announced shutdowns negatively impacted PEM seg
Slide 4: Housing and Infrastructure Products (HIP) Segment Performance
Housing and Infrastructure Products (“HIP”) Segment Performance Volume growth YoY driven by solid ($ in millions) 3Q'25 2Q'25 QoQ% 3Q'24 YoY% double-digit growth in Pipe & Fittings as a result of municipal water Housing Products Sales $928 $980 (5%) $937 (1%) infrastructure investments Infrastructur
Slide 5: Housing and Infrastructure Products Update
Housing and Infrastructure Products Update 1 Against a backdrop of lower U.S. housing starts and residential construction spending, HIP’s sales growth outpaced the market in 3Q’25 as a result of its value-added product portfolio and its position as a supplier of choice with faster-growing customers
Slide 6: Performance and Essential Materials (PEM) Segment Performance
Performance and Essential Materials (“PEM”) Segment Performance(1) Improved EBITDA QoQ as better plant reliability provided a $36 million ($ in millions) 3Q'25 2Q'25 QoQ% 3Q'24 YoY% tailwind in 3Q’25 Performance Materials Sales $1,010 $1,022 (1%) $1,164 (13%) $737 $771 (4%) $855 (14%) PEM profitabil
Slide 7: Performance and Essential Materials Update
Performance and Essential Materials Update 1 Global macroeconomic conditions remain sluggish in Europe and Asia, creating significant pressure on chlorovinyls prices, but Westlake’s high degree of product integration and large offtake of PVC resin to the HIP segment provide less exposure to weaker e
Slide 8: Financial Reconciliations
Financial Reconciliations 8 8
Slide 9: Consolidated Statements of Operations
Consolidated Statements of Operations Three months ended Three months ended September 30, Nine months ended September 30, June 30, 2025 2024 2025 2025 2024 (In millions of dollars, except per share data) Housing and Infrastructure Products Sales $ 1,091 $ 1,098 $ 1,160 $ 3,247 $ 3,336 Performance an
Slide 10: Reconciliation of Net Income and Earnings Per Diluted Share excl. Identified Items
Reconciliation of Net Income Attributable to Westlake Corporation and Earnings Per Diluted Share to Net Income and Diluted Earnings Per Share excl. Identified Items Three months ended Three months ended September 30, Nine months ended September 30, June 30, 2025 2024 2025 2025 2024 (In millions of d
Slide 11: Reconciliation of EBITDA excl. Identified Items to EBITDA, Net Income
Reconciliation of EBITDA excl. Identified Items to EBITDA, Net Income, Income from Operations and Net Cash Provided by Operating Activities Three months ended Three months ended September 30, Nine months ended September 30, June 30, 2025 2024 2025 2025 2024 (In millions of dollars) Net cash provided
Slide 12: Reconciliation of PEM, HIP and Corporate EBITDA to Operating Income
Reconciliation of PEM EBITDA excl. Identified Items, HIP EBITDA and Corporate EBITDA to Operating Income (Loss) Three months ended Three months ended September 30, June 30, Nine months ended September 30, 2025 2024 2025 2025 2024 (In millions of dollars) Housing and Infrastructure Products EBITDA $
Slide 13: Reconciliation of Free Cash Flow to Net Cash Provided by Operating Activities
Reconciliation of Free Cash Flow to Net Cash Provided by Operating Activities Three months ended Three months ended September 30, Nine months ended September 30, June 30, 2025 2024 2025 2025 2024 (In millions of dollars) Net cash provided by (used for) operating activities $ 182 $ 474 $ 135 $ 240 $
Slide 14: Safe Harbor Language
Safe Harbor Language This presentation contains certain forward-looking statements including statements regarding our cost savings objectives and our ability to maintain synergies, pricing and demand for our products and across the industrial and manufacturing sectors, global macroeconomic condition
Slide 15: Westlake
Vestlake
Westlake Chemical Partners — Q3 2025 Earnings Presentation on 6ix