Westlake Chemical Partners Q2 net income record $25.1M, up 68% YoY; distribution $0.4714/unit

Westlake Chemical Partners LP

Net income $25.1M ($0.71/unit) vs $14.9M Q2 2020; record quarterly net income.
Cash from operating activities $131.7M, up from $112.8M in Q2 2020.
Distribution $0.4714/unit payable Aug 26, 2021; 28th consecutive quarterly distribution.
MLP distributable cash flow $25.5M, up from $16.9M; trailing 12-month coverage 1.18x.
Buyer deficiency fee of $8.7M from winter storm and Petro 1 outage contributed to higher earnings.

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