secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001262823-25-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake posts Q1 net loss of $40M; EBITDA down 47% YoY on higher costs and outages
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- Net loss of $40M ($0.31 diluted loss) vs net income of $174M ($1.34) in Q1 2024.
- EBITDA of $288M, down 47% YoY; EBITDA margin fell to 10% from 18%.
- Higher NA feedstock/energy costs (~$100M YoY) and ~$80M from turnarounds/outages hit results.
- PEM segment operating loss of $163M vs income of $22M YoY; HIP income down 30% to $148M.
- HIP segment 2025 guidance lowered to low ends of $4.4-4.6B revenue and 20-22% margin; capex cut to $900M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000126282325000026/0001262823-25-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000126282325000026/wlk-20250502.htm
  HTML page:      https://secwatch.observer/filing/0001262823-25-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer