Westlake Q2 Report
Westlake Corporation Exceeds Q2 EPS Expectations, But Subsidiary Falls Short on Revenue and Profit
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Key Points
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Westlake Chemical Partners reported revenue of $297.1 million for the quarter, well below the Street consensus of about $537 million, while EPS was $0.40 (missed by $0.01). The company also posted a return on equity of 7.15% and a net margin of 4.69%.
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Westlake Chemical Partners’ quarterly dividend is $0.4714 per share, with a record date of August 13 and payment date August 28; the annualized dividend is $1.89, yielding about 8.8%, and the payout ratio stands at 115.24%.
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Westlake Corporation reported Q2 2026 results with EPS of $2.01 on revenue of $3.27 billion, beating the EPS consensus, but posted a negative net margin of 14.91% and a negative ROE of 1.89%; the stock opened at $69.85 and showed a 50-day moving average of $79.08 and a 200-day moving average of $94.18.
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Westlake Corporation issued a press release announcing its 2026 second quarter results and furnished an investor presentation (Exhibits 99.1 and 99.2) as part of its Form 8-K; the company noted a conference call to discuss the results.
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Hedge fund and institutional activity around Westlake has included Caitong International Asset Management taking a new stake, Quarry LP initiating a new position, CIBC Private Wealth Group LLC adding a position, and NewEdge Advisors LLC increasing its stake by 49.6% in the second quarter.
Westlake Corporation posted stronger-than-expected second-quarter earnings on Tuesday, with adjusted earnings per share of $2.01 — beating the analyst consensus of $1.86 by $0.15, according to Investing.com. Revenue came in at $3.27 billion, up from $2.95 billion a year ago, and the stock rose nearly 3% on the news.
The results covered both Westlake Corporation and its affiliated partnership, Westlake Chemical Partners LP. The partnership reported a narrower quarterly profit, just missing expectations, while the parent company's earnings beat drove the day's market reaction, MarketScreener reported.
Westlake Corporation Beats EPS but Margins Stay Negative
Westlake Corporation earned $2.01 per share in Q2 2026, topping the $1.86 consensus by $0.15, according to Investing.com. Revenue hit $3.27 billion for the quarter. The stock opened near $69.85 and has a 50-day moving average of $79.08 and a 200-day moving average of $94.18 — both well above the current price.
Despite the earnings beat, the company's financial health shows some strain. Westlake posted a negative net margin of 14.91% and a negative return on equity of 1.89%, per MarketScreener. The company held a debt-to-equity ratio of around 0.56. A conference call was scheduled to discuss the results with investors.
Westlake Chemical Partners Misses by a Penny, Yields 8.8%
Westlake Chemical Partners LP reported net income of $14.2 million, or $0.40 per unit, for Q2 2026 — one cent below the $0.41 consensus estimate, according to MarketScreener. Revenue came in at $297.1 million, well below the Street's estimate of roughly $537 million. The partnership posted a return on equity of 7.15% and a net margin of 4.69%.
The partnership declared a quarterly dividend of $0.4714 per unit. The record date is August 13, with payment going out August 28, per Watchlist News. The annualized dividend works out to $1.89 per unit, giving a yield of about 8.8%. The payout ratio, however, stands at 115.24% — meaning the partnership is paying out more than it earns.
Institutional Investors Adjust Stakes Ahead of Results
Several institutional investors made moves in Westlake securities during the second quarter. Caitong International Asset Management and Quarry LP both opened brand-new positions. CIBC Private Wealth Group LLC also added a new position, per Watchlist News. NewEdge Advisors LLC went further, growing its stake by 49.6%.
These moves show growing interest from asset managers even as the stock trades well below its longer-term averages. The 200-day moving average of $94.18 is roughly 35% above the stock's recent opening price of $69.85, a gap that may be attracting value-oriented buyers, according to Investing.com.
Dividends Flow as Parent Shares Lag Long-Term Averages
Westlake Corporation also paid a dividend of $0.53 per share in June to shareholders of record, adding to the income appeal of the stock. The partnership's annualized yield of 8.8% stands out in the chemical sector, though the payout ratio above 100% raises questions about long-term sustainability, per Watchlist News.
Westlake filed its Q2 results via a Form 8-K, including a press release and investor presentation as Exhibits 99.1 and 99.2, MarketScreener noted. The filing gives investors a full look at results for both the second quarter and the six months ended June 30, 2026.
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