0001604665-19-000025 | 10-Q | XBRL Viewer | Westlake Chemical Partners LP

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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Jul. 30, 2019
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-36567
Entity Registrant Name	Westlake Chemical Partners LP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0436529
Entity Address, Address Line One	2801 Post Oak Boulevard
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	585-2900
Title of 12(b) Security	Common units representing limited partnership interests
Trading Symbol	WLKP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Units, Units Outstanding		35,188,189
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001604665
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 17,473	$ 19,744
Receivable under the Investment Management Agreement—Westlake Chemical Corporation (Westlake)	141,327	148,956
Accounts receivable, net—Westlake	38,995	57,280
Accounts receivable, net—third parties	20,435	16,404
Inventories	4,029	4,388
Prepaid expenses and other current assets	95	370
Total current assets	222,354	247,142
Property, plant and equipment, net	1,129,083	1,148,265
Goodwill	5,814	5,814
Deferred charges and other assets, net	53,653	60,904
Total assets	1,410,904	1,462,125
Current liabilities
Accounts payable—Westlake	9,996	27,477
Accounts payable—third parties	8,030	5,045
Accrued and other liabilities	18,287	16,250
Total current liabilities	36,313	48,772
Long-term debt payable to Westlake	399,674	477,608
Deferred income taxes	1,693	1,664
Operating lease liabilities	1,110	0
Total liabilities	438,790	528,044
Commitments and contingencies (Note 12)
EQUITY
Total Westlake Chemical Partners LP partners' capital	277,791	215,810
Noncontrolling interest in Westlake Chemical OpCo LP (OpCo)	694,323	718,271
Total equity	972,114	934,081
Total liabilities and equity	1,410,904	1,462,125
Limited Partner [Member] \| Common units [Member] \| Publicly and Privately Held [Member]
EQUITY
Limited Partners' Capital Account	471,944	409,608
Total equity	471,944	409,608
Limited Partner [Member] \| Common units [Member] \| Westlake [Member]
EQUITY
Limited Partners' Capital Account	48,419	48,774
Total equity	48,419	48,774
General Partner [Member] \| Westlake [Member]
EQUITY
General partner—Westlake	(242,572)	(242,572)
Total equity	$ (242,572)	$ (242,572)

Consolidated Balance Sheets (Parenthetical) - Common units [Member] - shares	Jun. 30, 2019	Dec. 31, 2018
Publicly and Privately Held [Member]
Units issued	21,065,959	18,125,141
Units outstanding	21,065,959	18,125,141
Westlake [Member]
Units issued	14,122,230	14,122,230
Units outstanding	14,122,230	14,122,230

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted	35,188,189	32,237,266	33,774,647	32,236,860
Net sales—Westlake	$ 230,047	$ 253,673	$ 487,087	$ 488,704
Total net sales	270,062	301,975	569,148	586,247
Cost of sales	178,104	204,857	386,536	396,624
Gross profit	91,958	97,118	182,612	189,623
Selling, general and administrative expenses	7,639	7,375	14,612	14,508
Income from operations	84,319	89,743	168,000	175,115
Other income (expense)
Interest expense—Westlake	(5,125)	(5,547)	(11,025)	(10,413)
Other income, net	1,153	583	1,968	1,074
Income before income taxes	80,347	84,779	158,943	165,776
Income tax provision	237	303	437	586
Net income	80,110	84,476	158,506	165,190
Less: Net income attributable to noncontrolling interest in OpCo	66,377	71,719	129,818	140,138
Net income attributable to Westlake Chemical Partners LP	$ 13,733	$ 12,757	$ 28,688	$ 25,052
Common units [Member]
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted	35,188,189	32,237,266	33,774,647	32,236,860
Other income (expense)
Net income attributable to Westlake Chemical Partners LP	$ 13,733	$ 12,757	$ 28,688	$ 24,319
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax	$ 0.39	$ 0.40	$ 0.85	$ 0.75
Common units [Member] \| Publicly and Privately Held [Member]
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted	21,065,959	18,115,036	19,652,417	18,114,630
Common units [Member] \| Westlake [Member]
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted	14,122,230	14,122,230	14,122,230	14,122,230
Product and Service, Other [Member]
Total net sales	$ 40,015	$ 48,302	$ 82,061	$ 97,543

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest in OpCo [Member]	Westlake [Member] General Partner [Member]	Common units [Member] Publicly and Privately Held [Member] Limited Partner [Member]	Common units [Member] Westlake [Member] Limited Partner [Member]
Equity, beginning balance at Dec. 31, 2017	$ 998,749	$ 279	$ 778,935	$ (241,958)	$ 411,228	$ 50,265
Net income	80,714		68,419	733	6,498	5,064
Net effect of cash flow hedge	19	19
Issuance of common units	60				60
Quarterly distributions to unitholders	(13,071)			(614)	(7,000)	(5,457)
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake	(91,148)		(91,148)
Equity, ending balance at Mar. 31, 2018	975,323	298	756,206	(241,839)	410,786	49,872
Equity, beginning balance at Dec. 31, 2017	998,749	279	778,935	(241,958)	411,228	50,265
Net income	165,190
Net Proceeds from private placement of common units	0
Equity, ending balance at Jun. 30, 2018	964,467	122	746,315	(242,572)	410,754	49,848
Equity, beginning balance at Mar. 31, 2018	975,323	298	756,206	(241,839)	410,786	49,872
Net income	84,476		71,719		7,168	5,589
Net effect of cash flow hedge	(176)	(176)
Quarterly distributions to unitholders	(13,546)			(733)	(7,200)	(5,613)
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake	(81,610)		(81,610)
Equity, ending balance at Jun. 30, 2018	964,467	122	746,315	(242,572)	410,754	49,848
Equity, beginning balance at Dec. 31, 2018	934,081	0	718,271	(242,572)	409,608	48,774
Net income	78,396		63,441		8,422	6,533
Net Proceeds from private placement of common units	62,934				62,934
Quarterly distributions to unitholders	(13,957)				(7,845)	(6,112)
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake	(81,507)		(81,507)
Equity, ending balance at Mar. 31, 2019	979,947	0	700,205	(242,572)	473,119	49,195
Equity, beginning balance at Dec. 31, 2018	934,081	0	718,271	(242,572)	409,608	48,774
Net income	158,506
Net Proceeds from private placement of common units	(62,916)
Equity, ending balance at Jun. 30, 2019	972,114	0	694,323	(242,572)	471,944	48,419
Equity, beginning balance at Mar. 31, 2019	979,947	0	700,205	(242,572)	473,119	49,195
Net income	80,110		66,377		8,222	5,511
Offering costs related to private placement of common units	(18)				(18)
Quarterly distributions to unitholders	(15,666)				(9,379)	(6,287)
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake	(72,259)		(72,259)
Equity, ending balance at Jun. 30, 2019	$ 972,114	$ 0	$ 694,323	$ (242,572)	$ 471,944	$ 48,419

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net income	$ 158,506	$ 165,190
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	53,701	55,284
Loss from disposition of property, plant and equipment	458	567
Other losses (gains), net	(181)	538
Changes in operating assets and liabilities
Accounts receivable—third parties	(3,821)	1,284
Net accounts receivable—Westlake	419	2,885
Inventories	(402)	(538)
Prepaid expenses and other current assets	275	260
Accounts payable	2,791	(4,836)
Accrued and other liabilities	2,096	27
Other, net	(170)	(90)
Cash flows from investing activities	213,672	220,571
Cash flows from investing activities
Additions to property, plant and equipment	(25,582)	(16,620)
Maturities of investments with Westlake under the Investment Management Agreement	344,445	178,000
Investments with Westlake under the Investment Management Agreement	(336,445)	(185,000)
Other	46	251
Net cash used for investing activities	(17,536)	(23,369)
Cash flows from financing activities
Net proceeds from private placement of common units	62,916	0
Proceeds from debt payable to Westlake	123,511	3,648
Repayment of debt payable to Westlake	(201,445)	0
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake	(153,766)	(172,758)
Quarterly distributions to unitholders	(29,623)	(26,617)
Net cash used for financing activities	(198,407)	(195,727)
Net increase (decrease) in cash and cash equivalents	(2,271)	1,475
Cash and cash equivalents at beginning of period	19,744	27,008
Cash and cash equivalents at end of period	$ 17,473	$ 28,483

Description of Business and Basis of Presentation	6 Months Ended
Description of Business and Basis of Presentation	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business Westlake Chemical Partners LP (the "Partnership") is a Delaware limited partnership formed in March 2014 to operate, acquire and develop ethylene production facilities and related assets. On August 4, 2014, the Partnership completed its initial public offering (the "IPO") of 12,937,500 common units representing limited partner interests. On September 29, 2017, the Partnership completed a secondary offering of 5,175,000 common units at a price of $22.00 per unit. On March 29, 2019, the Partnership completed the issuance and sale of 2,940,818 common units at a price of $21.40 per unit through a private placement. Net proceeds to Westlake Partners from the sale of the units were approximately $62,916. In connection with the IPO, the Partnership acquired a 10.6% interest in Westlake Chemical OpCo LP ("OpCo") and a 100% interest in Westlake Chemical OpCo GP LLC ("OpCo GP"), which is the general partner of OpCo. On April 29, 2015, the Partnership purchased an additional 2.7% newly-issued limited partner interest in OpCo for approximately $135,341, resulting in an aggregate 13.3% limited partner interest in OpCo, effective April 1, 2015. On September 29, 2017, the Partnership purchased an additional 5.0% newly-issued limited partner interest in OpCo for approximately $229,207, resulting in an aggregate 18.3% limited partner interest in OpCo, effective as of July 1, 2017. On March 29, 2019, the Partnership purchased an additional 4.5% newly-issued limited partner interest in OpCo for approximately $201,445, resulting in an aggregate 22.8% limited partner interest in OpCo, effective January 1, 2019. The remaining 77.2% limited partner interest in OpCo is owned by Westlake Chemical Corporation. OpCo owns three ethylene production facilities and a common carrier ethylene pipeline. Basis of Presentation The accompanying unaudited consolidated interim financial statements were prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC") for interim periods. Accordingly, certain information and footnotes required for complete financial statements under generally accepted accounting principles in the United States ("U.S. GAAP") have not been included. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto of the Partnership included in the annual report on Form 10-K for the fiscal year ended December 31, 2018 (the "2018 Form 10-K"), filed with the SEC on March 1, 2019. These financial statements have been prepared in conformity with the accounting principles and practices as disclosed in the notes to the consolidated financial statements of the Partnership for the fiscal year ended December 31, 2018 with the exceptions of those accounting standards adopted in 2019 as discussed in Note 1. References to "Westlake" refer collectively to Westlake Chemical Corporation and its subsidiaries, other than the Partnership, OpCo and OpCo GP. The Partnership holds a 22.8% limited partner interest and the entire non-economic general partner interest in OpCo. The remaining 77.2% limited partner interest in OpCo is owned by Westlake, which has no rights to direct the activities that most significantly impact the economic performance of OpCo. As a result of the fact that substantially all of OpCo's activities are conducted on behalf of Westlake, and the fact that OpCo exhibits disproportionality of voting rights to economic interest, OpCo was deemed to be a variable interest entity. The Partnership, through its ownership of OpCo's general partner, has the power to direct the activities that most significantly impact the economic performance of OpCo, and it also has the obligation or right to absorb losses or receive benefits from OpCo that could potentially be significant to OpCo. As such, the Partnership was determined to be OpCo's primary beneficiary and therefore consolidates OpCo's results of operations and financial position. Westlake's retained interest of 77.2% is recorded as noncontrolling interest in the Partnership's consolidated financial statements. In the opinion of the Partnership's management, the accompanying unaudited consolidated interim financial statements reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for a fair statement of the Partnership's financial position as of June 30, 2019, its results of operations for the three and six months ended June 30, 2019 and 2018 and the changes in its cash position for the six months ended June 30, 2019 and 2018. Results of operations and changes in cash position for the interim periods presented are not necessarily indicative of the results that will be realized for the fiscal year ending December 31, 2019 or any other interim period. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Actual results could differ materially from those estimates. Recent Accounting Pronouncements Credit Losses (ASU No. 2016-13) In June 2016, the FASB issued an accounting standards update providing new guidance for the accounting for credit losses on loans and other financial instruments. The new guidance introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. The standard also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. The accounting standard will be effective for reporting periods beginning after December 15, 2019 and is not expected to have a material impact on the Partnership's consolidated financial position, results of operations and cash flows. Fair Value Measurement (ASU No. 2018-13) In August 2018, the FASB issued an accounting standards update to modify the disclosure requirements on fair value measurements. The amendments are effective for reporting periods beginning after December 15, 2019. An entity is permitted to early adopt any removed or modified disclosures and delay adoption of the additional disclosures until the effective date. Most amendments should be applied retrospectively but certain amendments should be applied prospectively. The Partnership is in the process of evaluating the impact that the new accounting guidance will have on the Partnership's consolidated financial position, results of operations and cash flows. Recently Adopted Accounting Standards Leases (ASU No. 2016-02) In February 2016, the FASB issued an accounting standards update on lease accounting that supersedes the previously issued lease guidance. The new standard requires lessees to recognize assets and liabilities for all long-term operating leases. An asset is recognized for the right to use an underlying leased asset and a liability is recognized for the obligation to make payments over the lease term. The standard also requires expanded lease disclosures. The standard requires a modified retrospective adoption approach and allows for the election of certain transition expedients. The Partnership adopted the standard effective January 1, 2019 using the optional transition method which allows entities to recognize a cumulative adjustment to the opening balance sheet in the period of adoption. The Partnership elected the package of optional transition expedients and was not required to reassess (1) whether any existing contracts are or contain leases, (2) classification of existing leases as operating or capital or (3) whether initial direct costs for existing leases qualify for capitalization under the new accounting standard. The Partnership did not elect the use of hindsight to determine the lease term when considering lease renewal or termination options. Adoption of the new standard did not have a material impact on the Partnership's consolidated financial position, results of operations and cash flows.

Accounts Receivable - Third Parties

6 Months Ended

Jun. 30, 2019

Accounts Receivable, Net [Abstract]

Accounts Receivable - Third Parties

Accounts Receivable—Third Parties

Accounts receivable—third parties consist of the following:



	June 30, 2019			December 31, 2018
Trade customers	$	19,890		$	17,325
Allowance for doubtful accounts	(711		)	(921		)
	19,179			16,404
Other	1,256			—
Accounts receivable, net—third parties	$	20,435		$	16,404

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Inventories

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following:



	June 30, 2019		December 31, 2018
Finished products	$	3,587	$	3,876
Feedstock, additives and chemicals	442		512
Inventories	$	4,029	$	4,388

Property, Plant and Equipment	6 Months Ended
Property, Plant and Equipment	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Depreciation expense on property, plant and equipment of $22,227 and $22,044 is included in cost of sales in the consolidated statements of operations for the three months ended June 30, 2019 and 2018, respectively. Depreciation expense on property, plant and equipment of $44,441 and $44,201 is included in cost of sales in the consolidated statements of operations for the six months ended June 30, 2019 and 2018, respectively.

Deferred Charges and Other Assets	6 Months Ended
Deferred Charges and Other Assets	Jun. 30, 2019
Other Assets, Noncurrent [Abstract]
Deferred Charges and Other Assets	Deferred Charges and Other Assets Amortization expense on other assets of $4,630 and $5,542 is included in costs of sales in the consolidated statements of operations for the three months ended June 30, 2019 and 2018, respectively. Amortization expense on other assets of $9,260 and $11,083 is included in costs of sales in the consolidated statements of operations for the six months ended June 30, 2019 and 2018, respectively.

Distributions and Net Income Per Limited Partner Unit

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Distributions and Net Income Per Limited Partner Unit

On July 31, 2019, the board of directors of Westlake Chemical Partners GP LLC ("Westlake GP"), the Partnership's general partner, declared a quarterly cash distribution for the three months ended June 30, 2019 of $0.4579 per unit. This distribution is payable on August 26, 2019 to the unitholders of record as of August 12, 2019.

The distributions are declared subsequent to quarter end; therefore, the table below represents total distributions declared from earnings of the related periods pertaining to such distributions.



	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Net income attributable to the Partnership	$	13,733		$	12,757		$	28,688		$	25,052
Less:
Limited partners' distributions declared on common units	16,113			13,179			31,779			25,993
Distributions declared with respect to the incentive distribution rights	—			—			—			733
Distribution in excess of net income	$	(2,380	)	$	(422	)	$	(3,091	)	$	(1,674	)

Net income per unit applicable to common limited partner units is computed by dividing the respective limited partners' interest in net income by the weighted-average number of common units outstanding for the period. Because the Partnership has more than one class of participating securities, it uses the two-class method when calculating the net income per unit applicable to limited partners. The classes of participating securities include common units and incentive distribution rights. Net income attributable to the Partnership is allocated to the unitholders in accordance with their respective ownership percentages in preparation of the consolidated statement of equity. However, when distributions related to the incentive distribution rights are made, net income equal to the amount of those distributions is first allocated to the general partner before the remaining net income is allocated to the unitholders based on their respective ownership percentages. Basic and diluted net income per unit is the same because the Partnership does not have any potentially dilutive units outstanding for the periods presented.



	Three Months Ended June 30, 2019
	Limited Partners' Common Units			Incentive Distribution Rights		Total
Net income attributable to the Partnership:
Distribution declared	$	16,113		$	—	$	16,113
Distribution in excess of net income	(2,380		)	—		(2,380		)
Net income	$	13,733		$	—	$	13,733
Weighted average units outstanding:
Basic and diluted	35,188,189					35,188,189
Net income per limited partner unit:
Basic and diluted	$	0.39



	Three Months Ended June 30, 2018
	Limited Partners' Common Units			Incentive Distribution Rights		Total
Net income attributable to the Partnership:
Distribution declared	$	13,179		$	—	$	13,179
Distribution in excess of net income	(422		)	—		(422		)
Net income	$	12,757		$	—	$	12,757
Weighted average units outstanding:
Basic and diluted	32,237,266					32,237,266
Net income per limited partner unit:
Basic and diluted	$	0.40



	Six Months Ended June 30, 2019
	Limited Partners' Common Units			Incentive Distribution Rights		Total
Net income attributable to the Partnership:
Distribution declared	$	31,779		$	—	$	31,779
Distribution in excess of net income	(3,091		)	—		(3,091		)
Net income	$	28,688		$	—	$	28,688
Weighted average units outstanding:
Basic and diluted	33,774,647					33,774,647
Net income per limited partner unit:
Basic and diluted	$	0.85



	Six Months Ended June 30, 2018
	Limited Partners' Common Units			Incentive Distribution Rights		Total
Net income attributable to the Partnership:
Distribution declared	$	25,993		$	733	$	26,726
Distribution in excess of net income	(1,674		)	—		(1,674		)
Net income	$	24,319		$	733	$	25,052
Weighted average units outstanding:
Basic and diluted	32,236,860					32,236,860
Net income per limited partner unit:
Basic and diluted	$	0.75

The amended Partnership Agreement provides that the Partnership will distribute cash each quarter to all the unitholders, pro rata, until each unit has received a distribution of $1.2938. If cash distributions to the Partnership's unitholders exceed $1.2938 per unit in any quarter, the Partnership's unitholders and Westlake, as the holder of the Partnership's incentive distribution rights, will receive distributions according to the following percentage allocations:



	Marginal Percentage Interest in Distributions
Total Quarterly Distribution Per Unit	Unitholders		IDR Holders
Above $1.2938 up to $1.4063	85.0	%	15.0	%
Above $1.4063 up to $1.6875	75.0	%	25.0	%
Above $1.6875	50.0	%	50.0	%

The Partnership's distribution for the three months ended June 30, 2019 did not exceed the $1.2938 per unit threshold, and, as a result, no distribution was made with respect to the Partnership's incentive distribution rights to Westlake, as the holder of the Partnership's incentive distribution rights.

Distribution Per Common Unit

Distributions per common unit for the three and six months ended June 30, 2019 and 2018 were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Distributions per common unit	$	0.4452	$	0.3975	$	0.8780	$	0.7839

Partners' Equity	6 Months Ended
Partners' Equity	Jun. 30, 2019
Equity [Abstract]
Partners' Equity	7. Partners' Equity On October 4, 2018, the Partnership and Westlake GP, the general partner of the Partnership, entered into an Equity Distribution Agreement with UBS Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., RBC Capital Markets, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC to offer and sell the Partnership's common units, from time to time, up to an aggregate offering amount of $50,000. No common units had been issued under this program as of June 30, 2019. On March 29, 2019, the Partnership completed the issuance and sale of 2,940,818 common units at a price of $21.40 per unit through a private placement. Net proceeds to the Partnership from the sale of the units were approximately $62,916. TTWF LP, Westlake's principal stockholder and a related party, acquired 1,401,869 common units out of 2,940,818 common units issued in the private placement.

Related Party Transactions

6 Months Ended

Jun. 30, 2019

Related Party Transactions

The Partnership and OpCo regularly enter into related party transactions with Westlake. See below for a description of transactions with related parties.

Sales to Related Parties

OpCo sells ethylene to Westlake under the Ethylene Sales Agreement. Additionally, the Partnership and OpCo from time to time provide other services or products for which each charges Westlake a fee.

Sales to related parties were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Net sales—Westlake	$	230,047	$	253,673	$	487,087	$	488,704

Cost of Sales from Related Parties

Charges for goods and services purchased by the Partnership and OpCo from Westlake and included in cost of sales relate primarily to feedstock purchased under the Feedstock Supply Agreement and services provided under the Services and Secondment Agreement.

Charges from related parties in cost of sales were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Feedstock purchased from Westlake and included in cost of sales	$	89,599	$	119,925	$	211,754	$	225,340
Other charges from Westlake and included in cost of sales	27,464		26,537		55,036		54,943
Total	$	117,063	$	146,462	$	266,790	$	280,283

Services from Related Parties Included in Selling, General and Administrative Expenses

Charges for services purchased by the Partnership from Westlake and included in selling, general and administrative expenses primarily relate to services Westlake performs on behalf of the Partnership under the Omnibus Agreement, including the Partnership's finance, legal, information technology, human resources, communication, ethics and compliance and other administrative functions.

Charges from related parties included within selling, general and administrative expenses were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Services received from Westlake and included in selling, general and administrative expenses	$	6,464	$	7,041	$	13,067	$	13,292

Goods and Services from Related Parties Capitalized as Assets

Charges for goods and services purchased by the Partnership and OpCo from Westlake which were capitalized as assets relate primarily to the services of Westlake employees under the Services and Secondment Agreement.

Charges from related parties for goods and services capitalized as assets were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Goods and services purchased from Westlake and capitalized as assets	$	641	$	791	$	1,284	$	1,142

Receivable under the Investment Management Agreement

On August 1, 2017, the Partnership, OpCo and Westlake executed an investment management agreement (the "Investment Management Agreement") that authorized Westlake to invest the Partnership's and OpCo's excess cash with Westlake for a term of up to a maximum of nine months. Per the terms of the Investment Management Agreement, the Partnership earns a market return plus five basis points and Westlake provides daily availability of the invested cash to meet any liquidity needs of the Partnership or OpCo. Accrued interest of $371 and $496 was included in the receivable under the Investment Management Agreement balance at June 30, 2019 and December 31, 2018, respectively. Total interest earned related to the Investment Management Agreement was $1,155 and $568 for the three months ended June 30, 2019 and 2018, respectively, and $1,973 and $1,108 for the six months ended June 30, 2019 and 2018, respectively.

The Partnership's receivable under the Investment Management Agreement was as follows:



	June 30, 2019		December 31, 2018
Receivable under the Investment Management Agreement	$	141,327	$	148,956

Accounts Receivables

The Partnership's accounts receivable from Westlake result primarily from ethylene sales to Westlake under the Ethylene Sales Agreement.

The Partnership's accounts receivable from Westlake were as follows:



	June 30, 2019		December 31, 2018
Accounts receivable—Westlake	$	38,995	$	57,280

Accounts Payable to Related Parties

The Partnership's accounts payable to Westlake result primarily from feedstock purchases under the Feedstock Supply Agreement and services provided under the Services and Secondment Agreement and the Omnibus Agreement.

The related party accounts payable balances were as follows:



	June 30, 2019		December 31, 2018
Accounts payable—Westlake	$	9,996	$	27,477

Related Party Leases

OpCo is obligated to Westlake under various rail cars leases. Operating lease rentals paid to Westlake for such leases were $562 and $700 for the three months ended June 30, 2019 and 2018, respectively, and $1,076 and $1,018 for six months ended June 30, 2019 and 2018, respectively, and reflected in other charges from Westlake that are included in cost of sales.

OpCo has two site lease agreements with Westlake, each of which has a term of 50 years. Pursuant to the site lease agreements, OpCo pays Westlake one dollar per site per year.

Debt Payable to Related Parties

See Note 9 for a description of related party debt payable balances. Interest on related party debt payable balances for the three months ended June 30, 2019 and 2018 was $5,125 and $5,547, respectively, and for the six months ended June 30, 2019 and 2018 was $11,025 and $10,413, respectively. Interest on related party debt payable is presented as interest expense—Westlake in the consolidated statements of operations. Interest capitalized as a component of property, plant and equipment on related party debt was zero and $31 for the three months ended June 30, 2019 and 2018, respectively, and for the six months ended June 30, 2019 and 2018 was zero and $46, respectively. At June 30, 2019 and December 31, 2018, accrued interest on related party debt was $5,384 and $5,448, respectively, and is reflected as a component of accrued liabilities in the consolidated balance sheets.

Debt payable to related parties was as follows:



	June 30, 2019		December 31, 2018
Long-term debt payable to Westlake	$	399,674	$	477,608

Major Customer and Concentration of Credit Risk

During the three months ended June 30, 2019 and 2018, Westlake accounted for approximately 85.2% and 84.0%, respectively, of the Partnership's net sales. During the six months ended June 30, 2019 and 2018, Westlake accounted for approximately 85.6% and 83.4%, respectively, of the Partnership's net sales.

Other

See Note 7 above for an additional related party transaction.

Long-term Debt Payable to Westlake

6 Months Ended

Jun. 30, 2019

Long-term Debt Payable to Westlake

Long-term debt payable to Westlake consists of the following:



	June 30, 2019		December 31, 2018
OpCo Revolver (variable interest rate of LIBOR plus 2.0%, scheduled maturity of September 25, 2023)	$	22,619	$	224,064
MLP Revolver (variable interest rate of LIBOR plus 2.0%, scheduled maturity of April 29, 2021)	377,055		253,544
	$	399,674	$	477,608

On April 30, 2019, the Partnership repaid $201,445 of borrowings under the OpCo Revolver.

On March 29, 2019, the Partnership borrowed $123,512 under the MLP Revolver to partially fund the purchase of the additional 4.5% interest in OpCo.

The weighted average interest rate on all long-term debt was 4.6% and 4.4%, respectively, at June 30, 2019 and December 31, 2018.

As of June 30, 2019, the Partnership was in compliance with all of the covenants under the OpCo Revolver and the MLP Revolver.

Fair Value Measurements

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

The Partnership reports certain assets and liabilities at fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). Under the accounting guidance for fair value measurements, inputs used to measure fair value are classified in one of three levels:

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.

The Partnership has financial assets and liabilities subject to fair value measures. These financial assets and liabilities include accounts receivable, net, accounts payable and long-term debt payable to Westlake, all of which are recorded at carrying value. The amounts reported in the consolidated balance sheets for accounts receivable, net and accounts payable approximate their fair value due to the short maturities of these instruments. The carrying and fair values of the Partnership's long-term debt at June 30, 2019 and December 31, 2018 are summarized in the table below. The Partnership's long-term debt includes the OpCo Revolver and the MLP Revolver at June 30, 2019. The fair value of debt is determined based on the present value of expected future cash flows using a discounted cash flow methodology. Because the Partnership's valuation methodology used for long-term debt requires the use of significant unobservable inputs, the inputs used to measure the fair value of the Partnership's long-term debt are classified as Level 3 within the fair value hierarchy. Inputs used to estimate the fair values of the Partnership's long-term debt include the selection of an appropriate discount rate.



	June 30, 2019				December 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
OpCo Revolver	$	22,619	$	23,072	$	224,064	$	221,002
MLP Revolver	377,055		377,862		253,544		249,747

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Supplemental Information	6 Months Ended
Supplemental Information	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Information	Supplemental Information Accrued Liabilities Accrued liabilities were $18,287 and $16,250 at June 30, 2019 and December 31, 2018, respectively. Accrued interest, accrued maintenance, capital expenditures and accrued taxes, which are components of accrued liabilities, were $5,384, $2,451, $2,057 and $3,975, respectively, at June 30, 2019, and $5,448, $2,688, $2,818 and $1,564, respectively, at December 31, 2018. No other component of accrued liabilities was more than five percent of total current liabilities. Non-cash Investing Activity The change in capital expenditure accrual resulted in an increase in additions to property, plant and equipment by $567 for the six months ended June 30, 2019. The change in capital expenditure accrual resulted in a decrease in additions to property, plant and equipment by $5,042 for the six months ended June 30, 2018.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Partnership is subject to environmental laws and regulations that can impose civil and criminal sanctions and that may require the Partnership to mitigate the effects of contamination caused by the release or disposal of hazardous substances into the environment. These laws include the federal Clean Air Act, the federal Water Pollution Control Act, the Resource Conservation and Recovery Act ("RCRA"), the Comprehensive Environmental Response, Compensation, and Liability Act ("CERCLA"), the Toxic Substances Control Act and various other federal, state and local laws and regulations. Under CERCLA, an owner or operator of property may be held strictly liable for remediating contamination without regard to whether that person caused the contamination, and without regard to whether the practices that resulted in the contamination were legal at the time they occurred. Because the Partnership's production sites have a history of industrial use, it is impossible to predict precisely what effect these legal requirements will have on the Partnership. Westlake will indemnify the Partnership for liabilities that occurred or existed prior to August 4, 2014. The Partnership is involved in various legal proceedings incidental to the conduct of its business. The Partnership does not believe that any of these legal proceedings will have a material adverse effect on its financial condition, results of operations or cash flows.

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated interim financial statements were prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC") for interim periods. Accordingly, certain information and footnotes required for complete financial statements under generally accepted accounting principles in the United States ("U.S. GAAP") have not been included. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto of the Partnership included in the annual report on Form 10-K for the fiscal year ended December 31, 2018 (the "2018 Form 10-K"), filed with the SEC on March 1, 2019. These financial statements have been prepared in conformity with the accounting principles and practices as disclosed in the notes to the consolidated financial statements of the Partnership for the fiscal year ended December 31, 2018 with the exceptions of those accounting standards adopted in 2019 as discussed in Note 1. References to "Westlake" refer collectively to Westlake Chemical Corporation and its subsidiaries, other than the Partnership, OpCo and OpCo GP. The Partnership holds a 22.8% limited partner interest and the entire non-economic general partner interest in OpCo. The remaining 77.2% limited partner interest in OpCo is owned by Westlake, which has no rights to direct the activities that most significantly impact the economic performance of OpCo. As a result of the fact that substantially all of OpCo's activities are conducted on behalf of Westlake, and the fact that OpCo exhibits disproportionality of voting rights to economic interest, OpCo was deemed to be a variable interest entity. The Partnership, through its ownership of OpCo's general partner, has the power to direct the activities that most significantly impact the economic performance of OpCo, and it also has the obligation or right to absorb losses or receive benefits from OpCo that could potentially be significant to OpCo. As such, the Partnership was determined to be OpCo's primary beneficiary and therefore consolidates OpCo's results of operations and financial position. Westlake's retained interest of 77.2% is recorded as noncontrolling interest in the Partnership's consolidated financial statements. In the opinion of the Partnership's management, the accompanying unaudited consolidated interim financial statements reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for a fair statement of the Partnership's financial position as of June 30, 2019, its results of operations for the three and six months ended June 30, 2019 and 2018 and the changes in its cash position for the six months ended June 30, 2019 and 2018. Results of operations and changes in cash position for the interim periods presented are not necessarily indicative of the results that will be realized for the fiscal year ending December 31, 2019 or any other interim period. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Actual results could differ materially from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Credit Losses (ASU No. 2016-13) In June 2016, the FASB issued an accounting standards update providing new guidance for the accounting for credit losses on loans and other financial instruments. The new guidance introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. The standard also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. The accounting standard will be effective for reporting periods beginning after December 15, 2019 and is not expected to have a material impact on the Partnership's consolidated financial position, results of operations and cash flows. Fair Value Measurement (ASU No. 2018-13) In August 2018, the FASB issued an accounting standards update to modify the disclosure requirements on fair value measurements. The amendments are effective for reporting periods beginning after December 15, 2019. An entity is permitted to early adopt any removed or modified disclosures and delay adoption of the additional disclosures until the effective date. Most amendments should be applied retrospectively but certain amendments should be applied prospectively. The Partnership is in the process of evaluating the impact that the new accounting guidance will have on the Partnership's consolidated financial position, results of operations and cash flows. Recently Adopted Accounting Standards Leases (ASU No. 2016-02) In February 2016, the FASB issued an accounting standards update on lease accounting that supersedes the previously issued lease guidance. The new standard requires lessees to recognize assets and liabilities for all long-term operating leases. An asset is recognized for the right to use an underlying leased asset and a liability is recognized for the obligation to make payments over the lease term. The standard also requires expanded lease disclosures. The standard requires a modified retrospective adoption approach and allows for the election of certain transition expedients. The Partnership adopted the standard effective January 1, 2019 using the optional transition method which allows entities to recognize a cumulative adjustment to the opening balance sheet in the period of adoption. The Partnership elected the package of optional transition expedients and was not required to reassess (1) whether any existing contracts are or contain leases, (2) classification of existing leases as operating or capital or (3) whether initial direct costs for existing leases qualify for capitalization under the new accounting standard. The Partnership did not elect the use of hindsight to determine the lease term when considering lease renewal or termination options. Adoption of the new standard did not have a material impact on the Partnership's consolidated financial position, results of operations and cash flows.

Accounts Receivable - Third Parties (Tables)

6 Months Ended

Jun. 30, 2019

Accounts Receivable, Net [Abstract]

Schedule Of Accounts Receivable - Third Parties

Accounts receivable—third parties consist of the following:



	June 30, 2019			December 31, 2018
Trade customers	$	19,890		$	17,325
Allowance for doubtful accounts	(711		)	(921		)
	19,179			16,404
Other	1,256			—
Accounts receivable, net—third parties	$	20,435		$	16,404

Inventories (Tables)

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Schedule Of Inventory

Inventories consist of the following:



	June 30, 2019		December 31, 2018
Finished products	$	3,587	$	3,876
Feedstock, additives and chemicals	442		512
Inventories	$	4,029	$	4,388

Distributions and Net Income Per Limited Partner Unit (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Distributions Made to Limited Partner, by Distribution [Table Text Block]

If cash distributions to the Partnership's unitholders exceed $1.2938 per unit in any quarter, the Partnership's unitholders and Westlake, as the holder of the Partnership's incentive distribution rights, will receive distributions according to the following percentage allocations:



	Marginal Percentage Interest in Distributions
Total Quarterly Distribution Per Unit	Unitholders		IDR Holders
Above $1.2938 up to $1.4063	85.0	%	15.0	%
Above $1.4063 up to $1.6875	75.0	%	25.0	%
Above $1.6875	50.0	%	50.0	%

Distribution Per Common Unit

Distributions per common unit for the three and six months ended June 30, 2019 and 2018 were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Distributions per common unit	$	0.4452	$	0.3975	$	0.8780	$	0.7839

Schedule of Incentive Distributions Made to Managing Members or General Partners by Distribution

The distributions are declared subsequent to quarter end; therefore, the table below represents total distributions declared from earnings of the related periods pertaining to such distributions.



	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Net income attributable to the Partnership	$	13,733		$	12,757		$	28,688		$	25,052
Less:
Limited partners' distributions declared on common units	16,113			13,179			31,779			25,993
Distributions declared with respect to the incentive distribution rights	—			—			—			733
Distribution in excess of net income	$	(2,380	)	$	(422	)	$	(3,091	)	$	(1,674	)

Schedule of Earnings Per Share, Basic and Diluted



	Three Months Ended June 30, 2019
	Limited Partners' Common Units			Incentive Distribution Rights		Total
Net income attributable to the Partnership:
Distribution declared	$	16,113		$	—	$	16,113
Distribution in excess of net income	(2,380		)	—		(2,380		)
Net income	$	13,733		$	—	$	13,733
Weighted average units outstanding:
Basic and diluted	35,188,189					35,188,189
Net income per limited partner unit:
Basic and diluted	$	0.39



	Three Months Ended June 30, 2018
	Limited Partners' Common Units			Incentive Distribution Rights		Total
Net income attributable to the Partnership:
Distribution declared	$	13,179		$	—	$	13,179
Distribution in excess of net income	(422		)	—		(422		)
Net income	$	12,757		$	—	$	12,757
Weighted average units outstanding:
Basic and diluted	32,237,266					32,237,266
Net income per limited partner unit:
Basic and diluted	$	0.40



	Six Months Ended June 30, 2019
	Limited Partners' Common Units			Incentive Distribution Rights		Total
Net income attributable to the Partnership:
Distribution declared	$	31,779		$	—	$	31,779
Distribution in excess of net income	(3,091		)	—		(3,091		)
Net income	$	28,688		$	—	$	28,688
Weighted average units outstanding:
Basic and diluted	33,774,647					33,774,647
Net income per limited partner unit:
Basic and diluted	$	0.85



	Six Months Ended June 30, 2018
	Limited Partners' Common Units			Incentive Distribution Rights		Total
Net income attributable to the Partnership:
Distribution declared	$	25,993		$	733	$	26,726
Distribution in excess of net income	(1,674		)	—		(1,674		)
Net income	$	24,319		$	733	$	25,052
Weighted average units outstanding:
Basic and diluted	32,236,860					32,236,860
Net income per limited partner unit:
Basic and diluted	$	0.75

Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Related Party Transactions

Debt payable to related parties was as follows:



	June 30, 2019		December 31, 2018
Long-term debt payable to Westlake	$	399,674	$	477,608

Charges from related parties included within selling, general and administrative expenses were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Services received from Westlake and included in selling, general and administrative expenses	$	6,464	$	7,041	$	13,067	$	13,292

The Partnership's receivable under the Investment Management Agreement was as follows:



	June 30, 2019		December 31, 2018
Receivable under the Investment Management Agreement	$	141,327	$	148,956

Sales to related parties were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Net sales—Westlake	$	230,047	$	253,673	$	487,087	$	488,704

Charges from related parties in cost of sales were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Feedstock purchased from Westlake and included in cost of sales	$	89,599	$	119,925	$	211,754	$	225,340
Other charges from Westlake and included in cost of sales	27,464		26,537		55,036		54,943
Total	$	117,063	$	146,462	$	266,790	$	280,283

The Partnership's accounts receivable from Westlake were as follows:



	June 30, 2019		December 31, 2018
Accounts receivable—Westlake	$	38,995	$	57,280

The related party accounts payable balances were as follows:



	June 30, 2019		December 31, 2018
Accounts payable—Westlake	$	9,996	$	27,477

Charges from related parties for goods and services capitalized as assets were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Goods and services purchased from Westlake and capitalized as assets	$	641	$	791	$	1,284	$	1,142

Long-term Debt Payable to Westlake (Tables)

6 Months Ended

Jun. 30, 2019

Long-term debt payable to Westlake consists of the following:



	June 30, 2019		December 31, 2018
OpCo Revolver (variable interest rate of LIBOR plus 2.0%, scheduled maturity of September 25, 2023)	$	22,619	$	224,064
MLP Revolver (variable interest rate of LIBOR plus 2.0%, scheduled maturity of April 29, 2021)	377,055		253,544
	$	399,674	$	477,608

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Summary Of Carrying And Fair Values Of Long-Term Debt



	June 30, 2019				December 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
OpCo Revolver	$	22,619	$	23,072	$	224,064	$	221,002
MLP Revolver	377,055		377,862		253,544		249,747

Description of Business and Basis of Presentation (Details) $ / shares in Units, $ in Thousands						3 Months Ended	6 Months Ended
	Mar. 29, 2019 USD ($) $ / shares shares	Sep. 29, 2017 USD ($) $ / shares shares	Apr. 29, 2015 USD ($)	Apr. 01, 2015	Aug. 04, 2014 shares	Mar. 31, 2019 USD ($)	Jun. 30, 2019 USD ($) production_facility	Jun. 30, 2018 USD ($)
Limited Partners' Capital Account [Line Items]
Net proceeds from private placement of common units	$ 62,916					$ (62,934)	$ 62,916	$ 0
Westlake Chemical OpCo LP [Member] \| Affiliated Entity [Member]
Limited Partners' Capital Account [Line Items]
Limited partner interest	22.80%	18.30%		13.30%	10.60%
Limited partner interest, additional ownership	4.50%	5.00%		2.70%
Amount paid to purchase additional limited partner interest	$ 201,445	$ 229,207	$ 135,341
Westlake Chemical OpCo GP LLC [Member] \| Limited Liability Company [Member]
Limited Partners' Capital Account [Line Items]
Limited partner interest					100.00%
Westlake [Member] \| Westlake Chemical OpCo LP [Member] \| Majority-Owned Subsidiary, Unconsolidated [Member]
Limited Partners' Capital Account [Line Items]
Limited partner interest	77.20%
Westlake Chemical OpCo LP [Member]
Limited Partners' Capital Account [Line Items]
Number of ethylene production facilities \| production_facility							3
Limited Partner [Member]
Limited Partners' Capital Account [Line Items]
Number of units sold in public offering \| shares	2,940,818	5,175,000			12,937,500
Units sold in secondary offering price per unit (in dollars per share) \| $ / shares	$ 21.40	$ 22.00

Accounts Receivable - Third Parties Accounts Receivable—Third Parties (Schedule Of Accounts Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accounts Receivable, Net [Abstract]
Trade customers	$ 19,890	$ 17,325
Allowance for doubtful accounts	(711)	(921)
Trade Customer Receivable Net Current	19,179	16,404
Other	1,256	0
Accounts receivable, net—third parties	$ 20,435	$ 16,404

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished products	$ 3,587	$ 3,876
Feedstock, additives and chemicals	442	512
Inventories	$ 4,029	$ 4,388

Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense on property, plant and equipment	$ 22,227	$ 22,044	$ 44,441	$ 44,201

Deferred Charges and Other Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Deferred Charges and Other Assets [Member]
Other Assets [Line Items]
Amortization expense	$ 4,630	$ 5,542	$ 9,260	$ 11,083

Distributions and Net Income Per Limited Partner Unit (Distributions Declared) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Jul. 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Distribution Made to Limited Partner [Line Items]
Distribution in excess of net income		$ (2,380)	$ (422)	$ (3,091)	$ (1,674)
Net income attributable to the Partnership		$ 13,733	$ 12,757	$ 28,688	$ 25,052
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted		35,188,189	32,237,266	33,774,647	32,236,860
Distributions declared		$ 16,113	$ 13,179	$ 31,779	$ 26,726
IDR Holders [Member]
Distribution Made to Limited Partner [Line Items]
Distribution in excess of net income		0	0	0	0
Net income attributable to the Partnership		0	0	0	733
Distributions declared with respect to the incentive distribution rights		0	0	0	733
Common units [Member]
Distribution Made to Limited Partner [Line Items]
Distribution in excess of net income		(2,380)	(422)	(3,091)	(1,674)
Net income attributable to the Partnership		$ 13,733	$ 12,757	$ 28,688	$ 24,319
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted		35,188,189	32,237,266	33,774,647	32,236,860
Distributions declared		$ 16,113	$ 13,179	$ 31,779	$ 25,993
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax		$ 0.39	$ 0.40	$ 0.85	$ 0.75
Cash Distribution [Member] \| IDR Holders [Member]
Distribution Made to Limited Partner [Line Items]
Distributions declared with respect to the incentive distribution rights		$ 0	$ 0	$ 0	$ 733
Cash Distribution [Member] \| Common units [Member]
Distribution Made to Limited Partner [Line Items]
Distributions declared		$ 16,113	$ 13,179	$ 31,779	$ 25,993
Cash Distribution [Member] \| Common And Subordinated Units [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution Rights, Target Distribution Per Unit Requiring Marginal Percentage Distribution to IDR Holders				$ 1.2938
Cash Distribution [Member] \| Common And Subordinated Units [Member] \| Subsequent Event [Member]
Distribution Made to Limited Partner [Line Items]
Distribution declared per unit (in usd per unit)	$ 0.4579
Above $1.2938 up to $1.4063 \| Minimum [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution Rights, Target Distribution Per Unit Requiring Marginal Percentage Distribution to IDR Holders				1.2938
Above $1.2938 up to $1.4063 \| Maximum [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution Rights, Target Distribution Per Unit Requiring Marginal Percentage Distribution to IDR Holders				$ 1.4063
Above $1.2938 up to $1.4063 \| Unit Holders [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution, Marginal Percentage Interest in Distributions				85.00%
Above $1.2938 up to $1.4063 \| IDR Holders [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution, Marginal Percentage Interest in Distributions				15.00%
Above $1.4063 up to $1.6875 \| Minimum [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution Rights, Target Distribution Per Unit Requiring Marginal Percentage Distribution to IDR Holders				$ 1.4063
Above $1.4063 up to $1.6875 \| Maximum [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution Rights, Target Distribution Per Unit Requiring Marginal Percentage Distribution to IDR Holders				$ 1.6875
Above $1.4063 up to $1.6875 \| Unit Holders [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution, Marginal Percentage Interest in Distributions				75.00%
Above $1.4063 up to $1.6875 \| IDR Holders [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution, Marginal Percentage Interest in Distributions				25.00%
Above $1.6875 \| Minimum [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution Rights, Target Distribution Per Unit Requiring Marginal Percentage Distribution to IDR Holders				$ 1.6875
Above $1.6875 \| Unit Holders [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution, Marginal Percentage Interest in Distributions				50.00%
Above $1.6875 \| IDR Holders [Member]
Distribution Made to Limited Partner [Line Items]
Incentive Distribution, Marginal Percentage Interest in Distributions				50.00%

Distributions and Net Income Per Limited Partner Unit (Income In Excess Of Distribution) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Incentive Distribution Made to Managing Member or General Partner [Line Items]
Net income attributable to the Partnership	$ 13,733	$ 12,757	$ 28,688	$ 25,052
Distributions declared	16,113	13,179	31,779	26,726
Distribution in excess of net income	(2,380)	(422)	(3,091)	(1,674)
IDR Holders [Member]
Incentive Distribution Made to Managing Member or General Partner [Line Items]
Net income attributable to the Partnership	0	0	0	733
Distributions declared with respect to the incentive distribution rights	0	0	0	733
Distribution in excess of net income	0	0	0	0
Common units [Member]
Incentive Distribution Made to Managing Member or General Partner [Line Items]
Net income attributable to the Partnership	13,733	12,757	28,688	24,319
Distributions declared	16,113	13,179	31,779	25,993
Distribution in excess of net income	(2,380)	(422)	(3,091)	(1,674)
Cash Distribution [Member] \| IDR Holders [Member]
Incentive Distribution Made to Managing Member or General Partner [Line Items]
Distributions declared with respect to the incentive distribution rights	0	0	0	733
Cash Distribution [Member] \| Common units [Member]
Incentive Distribution Made to Managing Member or General Partner [Line Items]
Distributions declared	$ 16,113	$ 13,179	$ 31,779	$ 25,993

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Distributions and Net Income Per Limited Partner Unit (Basic and Diluted Income Per Limited Partner Unit) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Limited Partners' Capital Account [Line Items]
Distributions declared	$ 16,113	$ 13,179	$ 31,779	$ 26,726
Distribution in excess of net income	(2,380)	(422)	(3,091)	(1,674)
Net income	$ 13,733	$ 12,757	$ 28,688	$ 25,052
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted	35,188,189	32,237,266	33,774,647	32,236,860
Common units [Member]
Limited Partners' Capital Account [Line Items]
Distributions declared	$ 16,113	$ 13,179	$ 31,779	$ 25,993
Distribution in excess of net income	(2,380)	(422)	(3,091)	(1,674)
Net income	$ 13,733	$ 12,757	$ 28,688	$ 24,319
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted	35,188,189	32,237,266	33,774,647	32,236,860
Weighted average units outsanding:
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax	$ 0.39	$ 0.40	$ 0.85	$ 0.75
IDR Holders [Member]
Limited Partners' Capital Account [Line Items]
Subsequent distribution to IDR holders	$ 0	$ 0	$ 0	$ 733
Distribution in excess of net income	0	0	0	0
Net income	$ 0	$ 0	$ 0	$ 733

Distributions and Net Income Per Limited Partner Unit (Distribution Per Common Unit) (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Distribution Per Common Unit [Abstract]
Distribution Made to Limited Partner, Distributions Paid, Per Unit	$ 0.4452	$ 0.3975	$ 0.8780	$ 0.7839

Partners' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands					3 Months Ended	6 Months Ended
	Mar. 29, 2019	Oct. 04, 2018	Sep. 29, 2017	Aug. 04, 2014	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2018
Class of Stock [Line Items]
Partners Units, Maximum Aggregate Offering Amount, ATM		$ 50
Net proceeds from private placement of common units	$ 62,916				$ (62,934)	$ 62,916	$ 0
Limited Partner [Member]
Class of Stock [Line Items]
Number of units sold in public offering	2,940,818		5,175,000	12,937,500
Units sold in secondary offering price per unit (in dollars per share)	$ 21.40		$ 22.00
Affiliated Entity [Member]
Class of Stock [Line Items]
Partners' Capital Account, Units, Sold to Related Party	1,401,869

Related Party Transactions (Sales to Related Parties) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Related Party Transactions [Abstract]
Revenue from Related Parties	$ 230,047	$ 253,673	$ 487,087	$ 488,704

Related Party Transactions (Cost of Sales from Related Parties) (Details) - Affiliated Entity [Member] - Westlake [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Related Party Transaction [Line Items]
Charges from related parties in cost of sales	$ 117,063	$ 146,462	$ 266,790	$ 280,283
Feedstock purchased [Member]
Related Party Transaction [Line Items]
Charges from related parties in cost of sales	89,599	119,925	211,754	225,340
Other service charges [Member]
Related Party Transaction [Line Items]
Charges from related parties in cost of sales	$ 27,464	$ 26,537	$ 55,036	$ 54,943

Related Party Transactions (Services from Related Parties Included in SG&A Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Affiliated Entity [Member] \| Westlake [Member]
Related Party Transaction [Line Items]
Services received from Westlake and included in selling, general and administrative expenses	$ 6,464	$ 7,041	$ 13,067	$ 13,292

Related Party Transactions (Goods and Services Purchased from Westlake and Capitalized as Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Affiliated Entity [Member] \| Westlake [Member]
Related Party Transaction [Line Items]
Goods and services purchased from Westlake and capitalized as assets	$ 641	$ 791	$ 1,284	$ 1,142

Related Party Transactions (Accounts Receivable from and Accounts Payable to Related Parties) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Receivable under the Investment Management Agreement—Westlake Chemical Corporation (Westlake)	$ 141,327	$ 148,956
Accounts payable—Westlake	9,996	27,477
Affiliated Entity [Member] \| Westlake [Member]
Related Party Transaction [Line Items]
Accounts receivable—Westlake, current and non-current	$ 38,995	$ 57,280

Related Party Transactions (General) (Details) - Affiliated Entity [Member] - Westlake [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Operating Lease, Expense	$ 562	$ 700	$ 1,076	$ 1,018
Interest earned related to the IMA	1,155	$ 568	1,973	$ 1,108
Accrued Liabilities [Member]
Related Party Transaction [Line Items]
Accrued interest included in receivable under IMA	$ 371		$ 371		$ 496

Related Party Transactions (Debt Payable to Related Parties) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Interest on related party debt payable	$ 5,125	$ 5,547	$ 11,025	$ 10,413
Accrued interest on related party debt	5,384		5,384		$ 5,448
Long-term debt payable to Westlake	399,674		399,674		477,608
Affiliated Entity [Member] \| Westlake [Member]
Related Party Transaction [Line Items]
Interest capitalized	0	31	0	46
Other income (expense) [Member] \| Affiliated Entity [Member] \| Westlake [Member]
Related Party Transaction [Line Items]
Interest on related party debt payable	5,125	$ 5,547	11,025	$ 10,413
Accrued Liabilities [Member] \| Affiliated Entity [Member] \| Westlake [Member]
Related Party Transaction [Line Items]
Accrued interest on related party debt	$ 5,384		$ 5,384		$ 5,448

Related Party Transactions (Site Lease Agreements) (Details)	6 Months Ended
	Jun. 30, 2019 USD ($)
Related Party Transaction [Line Items]
Site lease agreement, number	2
Site lease agreements, term (in years)	50
Site lease agreements, OpCo annual obligation to WLK	$ 1

Related Party Transactions (Major Customer and Concentration Risk) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Affiliated Entity [Member] \| Westlake [Member] \| Sales Revenue, Net [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	85.20%	84.00%	85.60%	83.40%

Long-term Debt Payable to Westlake (Details) - USD ($) $ in Thousands				1 Months Ended	6 Months Ended		12 Months Ended
	Mar. 29, 2019	Sep. 29, 2017	Apr. 01, 2015	Apr. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Long-term debt payable to Westlake					$ 399,674		$ 477,608
Repayments of debt				$ 201,445
Proceeds from debt payable to Westlake					$ 123,511	$ 3,648
Weighted average interest rate					4.60%		4.40%
Limited Partner [Member] \| OpCo Revolver [Member] \| Senior Unsecured Revolving Credit Facility [Member]
Related Party Transaction [Line Items]
Long-term debt payable to Westlake					$ 22,619		$ 224,064
Limited Partner [Member] \| OpCo Revolver [Member] \| Senior Unsecured Revolving Credit Facility [Member] \| LIBOR [Member]
Related Party Transaction [Line Items]
Basis spread on variable rate, percent					2.00%		2.00%
Limited Partner [Member] \| MLP Revolver [Member] \| Senior Unsecured Revolving Credit Facility [Member]
Related Party Transaction [Line Items]
Long-term debt payable to Westlake					$ 377,055		$ 253,544
Limited Partner [Member] \| MLP Revolver [Member] \| Senior Unsecured Revolving Credit Facility [Member] \| LIBOR [Member]
Related Party Transaction [Line Items]
Basis spread on variable rate, percent					2.00%		2.00%
Westlake Chemical OpCo LP [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Proceeds from debt payable to Westlake	$ 123,512
Limited partner interest, additional ownership	4.50%	5.00%	2.70%

Fair Value Measurements (Summary of Carrying and Fair Values of Long Term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt payable to Westlake, carrying value	$ 399,674	$ 477,608
OpCo Revolver [Member] \| Senior Unsecured Revolving Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt payable to Westlake, fair value	23,072	221,002
OpCo Revolver [Member] \| Senior Unsecured Revolving Credit Facility [Member] \| Limited Partner [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt payable to Westlake, carrying value	22,619	224,064
MLP Revolver [Member] \| Senior Unsecured Revolving Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt payable to Westlake, fair value	377,862	249,747
MLP Revolver [Member] \| Senior Unsecured Revolving Credit Facility [Member] \| Limited Partner [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt payable to Westlake, carrying value	$ 377,055	$ 253,544

Supplemental Information (Details) - USD ($) $ in Thousands	6 Months Ended
Supplemental Information (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Accrued Liabilities [Abstract]
Accrued and other liabilities	$ 18,287		$ 16,250
Accrued interest	5,384		5,448
Accrued maintenance	2,451		2,688
Accrued Income Taxes	3,975		1,564
Accrued Capital Expenditures, Current	2,057		$ 2,818
Increase (reduction) in capital expenditure accrual	$ 567	$ 5,042