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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 58,316 $ 58,619
Receivable under the Investment Management Agreement—Westlake Corporation ("Westlake") 134,557 94,444
Accounts receivable, net—third parties 11,576 18,701
Inventories 4,058 4,432
Prepaid expenses and other current assets 444 442
Total current assets 240,926 226,203
Property, plant and equipment, net 903,588 943,843
Goodwill 5,814 5,814
Deferred charges and other assets, net 137,628 140,982
Total assets 1,287,956 1,316,842
Current liabilities    
Accrued and other liabilities 16,920 24,980
Total current liabilities 55,372 56,335
Deferred income taxes 1,546 1,632
Other liabilities 2,050 2,951
Total liabilities 458,642 460,592
Commitments and contingencies (Note 16)
EQUITY    
Total Westlake Chemical Partners LP partners' capital 276,129 279,934
Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") 553,185 576,316
Total equity 829,314 856,250
Total liabilities and equity 1,287,956 1,316,842
Affiliated Entity    
Current assets    
Accounts receivable, net—Westlake 31,975 49,565
Current liabilities    
Accounts payable—third parties 20,744 15,166
Nonrelated Party    
Current assets    
Accounts receivable, net—third parties 11,576 18,701
Current liabilities    
Accounts payable—third parties 17,708 16,189
Westlake    
EQUITY    
General partner—Westlake (242,572) (242,572)
Westlake | Affiliated Entity    
Current liabilities    
Long-term debt payable to Westlake 399,674 399,674
Common units | Publicly and Privately Held    
EQUITY    
Limited partners' capital 471,328 473,513
Common units | Westlake    
EQUITY    
Limited partners' capital $ 47,373 $ 48,993