Westlake Chemical Partners LP WLKP
$21.56 $0.03 (0.14%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
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WLKP Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Westlake Chemical Partners LP is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Westlake Chemical Partners LP. Stock Analysis WLKP
United States Materials Small Cap Westlake Chemical Partners LP engages in the operation, acquisition and development of ethylene production facilities and related assets. The company is headquartered in Houston, Texas. The company went IPO on 2014-07-30. Its business and operations are conducted through OpCo. OpCo's assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, as well as an ethylene pipeline, which primarily converts ethane into ethylene and has an aggregate annual capacity of approximately 3.7 billion pounds, and a 200-mile ethylene pipeline. The company owns two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), with an annual combined capacity of approximately 3.0 billion pounds. The firm owns one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 730 million pounds.
Westlake Chemical Partners LP (WLKP) Chart
Financial Metrics & Statements of Westlake Chemical Partners LP (WLKP)
FAQ's for Westlake Chemical Partners LP (WLKP)
- As of August 2026, Westlake Chemical Partners LP WLKP is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Westlake Chemical Partners LP using these criteria to determine its compliance status.
- Muslim investors may consider investing in Westlake Chemical Partners LP if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Westlake Chemical Partners LP by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Westlake Chemical Partners LP may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Westlake Chemical Partners LP on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Westlake Chemical Partners LP (WLKP)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
