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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 23,331 $ 19,923
Receivable under the Investment Management Agreement—Westlake Chemical Corporation (Westlake) 191,241 162,773
Accounts receivable, net—Westlake 56,237 42,847
Accounts receivable, net—third parties 5,144 9,914
Inventories 1,652 2,484
Prepaid expenses and other current assets 557 470
Total current assets 278,162 238,411
Property, plant and equipment, net 1,060,840 1,102,995
Goodwill 5,814 5,814
Deferred charges and other assets, net 37,466 46,236
Total assets 1,382,282 1,393,456
Current liabilities    
Accounts payable—Westlake 17,923 15,201
Accounts payable—third parties 6,816 6,141
Accrued and other liabilities 16,955 17,507
Total current liabilities 41,694 38,849
Long-term debt payable to Westlake 399,674 399,674
Deferred income taxes 1,527 1,649
Other liabilities 555 1,149
Total liabilities 443,450 441,321
Commitments and contingencies (Note 13)
EQUITY    
Total Westlake Chemical Partners LP partners' capital 278,884 277,514
Noncontrolling interest in Westlake Chemical OpCo LP (OpCo) 659,948 674,621
Total equity 938,832 952,135
Total liabilities and equity 1,382,282 1,393,456
Limited Partner [Member] | Common units [Member] | Publicly and Privately Held [Member]    
EQUITY    
Limited Partners' Capital Account 472,556 471,736
Total equity 472,556 471,736
Limited Partner [Member] | Common units [Member] | Westlake [Member]    
EQUITY    
Limited Partners' Capital Account 48,900 48,350
Total equity 48,900 48,350
General Partner [Member] | Westlake [Member]    
EQUITY    
General partner—Westlake (242,572) (242,572)
Total equity $ (242,572) $ (242,572)