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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 65,999 $ 58,619
Receivable under the Investment Management Agreement—Westlake Corporation ("Westlake") 94,478 94,444
Receivables, Net, Current 27,128 18,701
Inventories 4,487 4,432
Prepaid expenses and other current assets 944 442
Total current assets 232,126 226,203
Property, plant and equipment, net 912,752 943,843
Goodwill 5,814 5,814
Deferred charges and other assets, net 137,670 140,982
Total assets 1,288,362 1,316,842
Current liabilities    
Accrued and other liabilities 21,840 24,980
Total current liabilities 49,607 56,335
Deferred income taxes 1,680 1,632
Other liabilities 2,554 2,951
Total liabilities 453,515 460,592
Commitments and contingencies (Note 12)
EQUITY    
Total Westlake Chemical Partners LP partners' capital 276,035 279,934
Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") 558,812 576,316
Total equity 834,847 856,250
Total liabilities and equity 1,288,362 1,316,842
Publicly and Privately Held | Common units    
EQUITY    
Common unitholders 471,199 473,513
Westlake    
EQUITY    
General partner—Westlake (242,572) (242,572)
Westlake | Common units    
EQUITY    
Common unitholders 47,408 48,993
Affiliated Entity    
Current assets    
Accounts receivable, net 39,090 49,565
Current liabilities    
Accounts payable 10,581 15,166
Affiliated Entity | Westlake    
Current liabilities    
Long-term debt payable to Westlake 399,674 399,674
Nonrelated Party    
Current assets    
Receivables, Net, Current 27,128 18,701
Current liabilities    
Accounts payable $ 17,186 $ 16,189