Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities which primarily convert ethane into ethylene. It also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westlake Chemical Partners GP LLC serves …
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 29.8% (top 0%) and operating margin at 27.4% (top 0%) indicate strong pricing power.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.71), demonstrating pricing resilience across cycles.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 100
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 84
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 100
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 81
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 90
· 15% of the moat score
Scale matters only when it converts into economics.
What is Westlake Chemical Partners LP's moat score?
Westlake Chemical Partners LP (WLKP) scores 88 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #1 of 18 scored companies in Chemicals, the top 6%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 17 companies in Chemicals. Its strongest defense is Cost Advantage (100/100) and its weakest is Resilience (81/100).
How does Westlake Chemical Partners LP compare with other Chemicals companies?
Westlake Chemical Partners LP ranks #1 of 18 scored companies in Chemicals by moat score. That is the widest moat in Chemicals. The companies ranked closest are REX American Resources Corporat (REX) at 79 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 17 companies in Chemicals. The defenses are then weighted to produce the overall score out of 100.
Why is Westlake Chemical Partners LP scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Westlake Chemical Partners LP?
The Corporate Default template measures 6 defenses, and WLKP scores: Pricing Power (84), Cost Advantage (100), Customer Stickiness (84), Capital Efficiency (100), Resilience (81), Scale & Market Position (90). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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