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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales—Westlake $ 247,887 $ 217,763 $ 708,646 $ 660,022
Net co-product, ethylene and other sales—third parties 46,079 14,206 175,756 60,996
Total net sales 293,966 231,969 884,402 721,018
Cost of sales 218,038 131,578 589,746 427,049
Gross profit 75,928 100,391 294,656 293,969
Selling, general and administrative expenses 7,792 6,255 24,734 18,590
Income from operations 68,136 94,136 269,922 275,379
Other income (expense)        
Interest expense—Westlake (2,190) (2,320) (6,650) (9,701)
Other income, net 24 17 52 725
Income before income taxes 65,970 91,833 263,324 266,403
Income tax provision (benefit) (105) (15) 333 408
Net income 66,075 91,848 262,991 265,995
Less: Net income attributable to noncontrolling interest in OpCo 53,285 73,313 209,956 214,853
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income $ 12,790 $ 18,535 $ 53,035 $ 51,142
Net income per limited partner unit attributable to Westlake Chemical Partners LP per limited partner unit (basic and diluted)        
Weighted average limited partner units outstanding (basic and diluted) (in units) 35,209,976 35,194,545 35,203,609 35,194,545
Common units        
Other income (expense)        
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income $ 12,790 $ 18,535 $ 53,035 $ 51,142
Net income per limited partner unit attributable to Westlake Chemical Partners LP per limited partner unit (basic and diluted)        
Common units (in usd per share) $ 0.36 $ 0.53 $ 1.51 $ 1.45
Weighted average limited partner units outstanding (basic and diluted) (in units) 35,209,976 35,194,545 35,203,609 35,194,545
Common units | Westlake        
Net income per limited partner unit attributable to Westlake Chemical Partners LP per limited partner unit (basic and diluted)        
Weighted average limited partner units outstanding (basic and diluted) (in units) 14,122,230 14,122,230 14,122,230 14,122,230
Common units | Publicly and Privately Held        
Net income per limited partner unit attributable to Westlake Chemical Partners LP per limited partner unit (basic and diluted)        
Weighted average limited partner units outstanding (basic and diluted) (in units) 21,087,746 21,072,315 21,081,379 21,072,315