Company research
WESTLAKE CORP
CIK 1262823Updated Sep 27, 2026
SecurityWLK · NYSE · equity
Name history
WESTLAKE CHEMICAL CORP · through Feb 1, 2022
WLK price & chart
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NYSE:WLK on TradingView ↗About the company
Celebrating 40 years of operations in 2026, Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, with operations in Asia, Europe and North America, we provide the building blocks for vital solutions - from housing and construction, to packaging and healthcare, to automotive and consumer goods. For more information, visit the Company's web site at www.westlake.com.
In the news
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
CERT filing
8-A12B filing
4 filing
4 filing
Show 5 more recent filings
4 filing
4 filing
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Other Events
Items 8.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 19,961,000,000Source | 20,750,000,000Source | 21,035,000,000Source | 20,550,000,000Source |
| Property, Plant and Equipment, NetUSD | 8,605,000,000Source | 8,633,000,000Source | 8,519,000,000Source | 8,525,000,000Source |
| GoodwillUSD | 1,314,000,000Source | 2,031,000,000Source | 2,041,000,000Source | 2,161,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,724,000,000Source | 2,919,000,000Source | 3,304,000,000Source | 2,228,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,229,000,000Source | 1,315,000,000Source | 1,393,000,000Source | 1,651,000,000Source |
| Inventory, NetUSD | 1,653,000,000Source | 1,697,000,000Source | 1,622,000,000Source | 1,866,000,000Source |
| Assets, CurrentUSD | 6,216,000,000Source | 6,214,000,000Source | 6,609,000,000Source | 5,973,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 131,000,000Source | 115,000,000Source | 82,000,000Source | 78,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 798,000,000Source | 801,000,000Source | 697,000,000Source | 615,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 10,666,000,000Source | 9,707,000,000Source | 10,271,000,000Source | 10,085,000,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 8,701,000,000Source | 10,481,000,000Source | 10,143,000,000Source | 9,885,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -80,000,000Source | -144,000,000Source | -98,000,000Source | -89,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 8,792,000,000Source | 10,527,000,000Source | 10,241,000,000Source | 9,931,000,000Source |
| Additional Paid in Capital, Common StockUSD | 683,000,000Source | 656,000,000Source | 630,000,000Source | 601,000,000Source |
| Liabilities and EquityUSD | 19,961,000,000Source | 20,750,000,000Source | 21,035,000,000Source | 20,550,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,770,000,000Source | 2,219,000,000Source | 2,790,000,000Source | 2,298,000,000Source |
| Operating Lease, Liability, CurrentUSD | 138,000,000Source | 128,000,000Source | 124,000,000Source | 116,000,000Source |
| Accounts Payable, CurrentUSD | 783,000,000Source | 851,000,000Source | 877,000,000Source | 889,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 688,000,000Source | 713,000,000Source | 611,000,000Source | 504,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,343,000,000Source | 1,553,000,000Source | 1,560,000,000Source | 1,735,000,000Source |
| Other Liabilities, NoncurrentUSD | 492,000,000Source | 362,000,000Source | 340,000,000Source | 314,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 503,000,000Source | 516,000,000Source | 523,000,000Source | 534,000,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 1,490,000,000Source | 1,362,000,000Source | 1,614,000,000Source | 1,409,000,000Source |
| Deferred Tax Liabilities, NetUSD | 1,336,000,000Source | 1,528,000,000Source | 1,548,000,000Source | 1,719,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | 4,879,000,000Source |
| Long-term Debt, Current MaturitiesUSD | 497,000,000Source | 6,000,000Source | 299,000,000Source | 0Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 5,087,000,000Source | 4,556,000,000Source | 4,607,000,000Source | 4,879,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -1,471,000,000Source | 647,000,000Source | 522,000,000Source | 2,297,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,178,000,000Source | 1,114,000,000Source | 1,097,000,000Source | 1,056,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 41,000,000Source | 41,000,000Source | 43,000,000Source | 36,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | -51,000,000Source | 97,000,000Source | -250,000,000Source | 140,000,000Source |
| Increase (Decrease) in Accounts PayableUSD | -67,000,000Source | -20,000,000Source | -26,000,000Source | -153,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -177,000,000Source | -35,000,000Source | -175,000,000Source | -21,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 465,000,000Source | 1,314,000,000Source | 2,336,000,000Source | 3,395,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | 0Source | 1,203,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,223,000,000Source | -1,001,000,000Source | -1,037,000,000Source | -2,479,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -9,000,000Source | -33,000,000Source | -22,000,000Source | -12,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 995,000,000Source | 1,008,000,000Source | 1,034,000,000Source | 1,108,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 63,000,000Source | 60,000,000Source | 23,000,000Source | 101,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 530,000,000Source | -650,000,000Source | -245,000,000Source | -587,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 272,000,000Source | 264,000,000Source | 221,000,000Source | 169,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -17,000,000Source | 10,000,000Source | 9,000,000Source | -7,000,000Source |
| Repayments of Long-term DebtUSD | 254,000,000Source | 300,000,000Source | 0Source | 250,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -195,000,000Source | -384,000,000Source | 1,073,000,000Source | 305,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,740,000,000Source | 2,935,000,000Source | 3,319,000,000Source | 2,246,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 157,000,000Source | 153,000,000Source | 159,000,000Source | 172,000,000Source |
| Income Taxes Paid, NetUSD | 104,000,000Source | 422,000,000Source | 421,000,000Source | 570,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 33,000,000Source | -47,000,000Source | 19,000,000Source | -24,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 42,000,000Source | 41,000,000Source | 40,000,000Source | 35,000,000Source |
| Amortization of Intangible AssetsUSD | 124,000,000Source | 117,000,000Source | 122,000,000Source | 155,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 1,000,000Source | — | — | — |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | 26,000,000Source |
| DepreciationUSD | 797,000,000Source | 759,000,000Source | 763,000,000Source | 762,000,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -359,000,000Source | -43,000,000Source | -45,000,000Source | -46,000,000Source |
| GoodwillUSD | 1,314,000,000Source | 2,031,000,000Source | 2,041,000,000Source | 2,161,000,000Source |
| Goodwill, Impairment LossUSD | 727,000,000Source | — | 128,000,000Source | — |
| Income Tax Expense (Benefit)USD | -126,000,000Source | 291,000,000Source | 178,000,000Source | 649,000,000Source |
| InterestExpenseNonoperatingUSD | 171,000,000Source | 159,000,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -1,508,000,000Source | 602,000,000Source | 479,000,000Source | 2,247,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 37,000,000Source | 45,000,000Source | 43,000,000Source | 50,000,000Source |
| Nonoperating Income (Expense)USD | 152,000,000Source | 222,000,000Source | 136,000,000Source | 73,000,000Source |
| Proceeds from Stock Options ExercisedUSD | — | 13,000,000Source | 44,000,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 11,170,000,000Source | 12,142,000,000Source | 12,548,000,000Source | 15,794,000,000Source |
| Cost of RevenueUSD | 10,357,000,000Source | 10,185,000,000Source | 10,329,000,000Source | 11,721,000,000Source |
| Selling, General and Administrative ExpenseUSD | 900,000,000Source | 874,000,000Source | 865,000,000Source | 835,000,000Source |
| Operating Income (Loss)USD | -1,578,000,000Source | 875,000,000Source | 729,000,000Source | 3,050,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,597,000,000Source | 938,000,000Source | 700,000,000Source | 2,946,000,000Source |
| Income Tax Expense (Benefit)USD | -126,000,000Source | 291,000,000Source | 178,000,000Source | 649,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 37,000,000Source | 45,000,000Source | 43,000,000Source | 50,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -1,508,000,000Source | 602,000,000Source | 479,000,000Source | 2,247,000,000Source |
| Earnings Per Share, BasicUSD per share | -11.7Source | 4.66Source | 3.73Source | 17.46Source |
| Earnings Per Share, DilutedUSD per share | -11.7Source | 4.64Source | 3.7Source | 17.34Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 128,260,331Source | 128,535,226Source | 127,806,317Source | 127,970,445Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 128,260,331Source | 129,206,922Source | 128,598,441Source | 128,845,562Source |
| Interest Expense (non-operating)USD | 171,000,000Source | 159,000,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 124,000,000Source | 117,000,000Source | 122,000,000Source | 155,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 2.11Source | 2.05Source | 1.71Source | 1.31Source |
| Current Income Tax Expense (Benefit)USD | 51,000,000Source | 326,000,000Source | 353,000,000Source | 670,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | 26,000,000Source |
| Goodwill, Impairment LossUSD | 727,000,000Source | — | 128,000,000Source | — |
| Gross ProfitUSD | 813,000,000Source | 1,957,000,000Source | 2,219,000,000Source | 4,073,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -1,455,000,000Source | 855,000,000Source | 923,000,000Source | 2,523,000,000Source |
| Interest ExpenseUSD | — | — | 165,000,000Source | 177,000,000Source |
| Interest Income, OtherUSD | 100,000,000Source | 153,000,000Source | 104,000,000Source | 24,000,000Source |
| Nonoperating Income (Expense)USD | 152,000,000Source | 222,000,000Source | 136,000,000Source | 73,000,000Source |
Filing attachments
ex991_20260630earningsrele.htm · 8-K · 2026-08-04
EX-99.1 2 ex991_20260630earningsrele.htm EX-99.1 Document EXHIBIT 99.1 WESTLAKE CORPORATION Contact - (713) 960-9111 Investors - Jonathan Baksht Media - L. Benjamin Ederington Westlake Corporation Reports Second Quarter 2026 Results • Significant improvement in net income and EBITDA from the prior quarter and prior year levels • Three-pillar profitability improvement plan on track to deliver a $600 million operating income benefit • Reduced debt by $500 million and returned $99 mill…
Read attachment ↗ex992_20260630wlkearning.htm · 8-K · 2026-08-04
EX-99.2 3 ex992_20260630wlkearning.htm EX-99.2 ex992_20260630wlkearning 1 Earnings Presentation 2Q 2026 2 Second Quarter 2026 Highlights • Higher global oil prices, as a result of the conflict in the Middle East, contributed to PEM’s 21% higher QoQ average sales price, particularly for polyethylene and PVC resin • PEM EBITDA margin expanded QoQ to 21% primarily due to a higher average sales price, 2% higher sales volume(3) and lower natural gas and ethane costs • HIP’s 6% YoY sales volume …
Read attachment ↗d166027dex991.htm · 8-K · 2026-06-15
EX-99.1 2 d166027dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 WESTLAKE EXPANDS GLOBAL CHLOROVINYLS MANUFACTURING CAPACITY WITH ACQUISITION OF PVC AND VCM PLANTS IN WILHELMSHAVEN, GERMANY Houston, June 15, 2026 - Westlake Corporation (NYSE: WLK) (“Westlake”) announced today that its German subsidiary, Westlake Vinnolit GmbH & Co. KG, has completed the previously-announced acquisition of a polyvinyl chloride and vinyl chloride monomer production site located in Wilhelmshaven, Germany (the “Wilh…
Read attachment ↗ex991_20260331earningsrele.htm · 8-K · 2026-05-05
EX-99.1 2 ex991_20260331earningsrele.htm EX-99.1 Document EXHIBIT 99.1 WESTLAKE CORPORATION Contact - (713) 960-9111 Investors - Steve Bender Media - L. Benjamin Ederington Westlake Corporation Reports First Quarter 2026 Results HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced first quarter 2026 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) …
Read attachment ↗ex992_20260331wlkearning.htm · 8-K · 2026-05-05
EX-99.2 3 ex992_20260331wlkearning.htm EX-99.2 ex992_20260331wlkearning 1 Earnings Presentation 1Q 2026 2 First Quarter 2026 Highlights • Intra-quarter improvement in PEM’s average sales price with further realizations expected to benefit subsequent quarters as a result of a steepening of the global cost curve due to the Middle East conflict • On track to deliver 2026 EBITDA uplift of $600 million from our three-pillar profitability improvement plan (footprint optimization, cost savings an…
Read attachment ↗d28569dex991.htm · 8-K · 2026-04-20
EX-99.1 2 d28569dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Westlake Corporation Appoints Jonathan H. Baksht as Senior Vice President and Chief Financial Officer HOUSTON, April 20, 2026- Westlake Corporation (NYSE:WLK)(the “Company” or “Westlake”) announced today that Mr. Jonathan H. Baksht will be joining the Company as Senior Vice President and Chief Financial Officer, reporting to Mr. Jean-Marc Gilson, Westlake’s President and Chief Executive Officer. Mr. Baksht succeeds Mr. M. Steven Bend…
Read attachment ↗