Westlake Stock Plunges 11.37% on Q1 Loss

On May 2, 2025, Westlake's stock price plummeted by 11.37% in pre-market trading, marking a significant downturn for the chemical company.

Westlake Chemical Corp. reported a loss of $40 million in its first quarter, with a per-share loss of 31 cents. This financial setback is a stark contrast to the previous year's performance, where the company reported a profit of 14 cents per share. The revenue for the quarter was $237.6 million, indicating a decline in overall financial health.

Westlake Chemical Partners also faced challenges, with revenue dropping by 18.9% year-over-year to $190.78 million. The net income attributable to the partnership fell significantly, reflecting the broader economic pressures and operational difficulties faced by the company.

The company's earnings per share for the quarter were $0.14, missing the consensus estimate of $0.37 by a wide margin. This underperformance has raised concerns among investors about the company's future prospects and its ability to navigate the current market conditions.