secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001604665-21-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Chemical Partners Q3 net income down 31% to $12.8M; distribution steady at $0.4714/unit
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- Net income attributable to Partnership was $12.8M ($0.36/unit), down from $18.5M in Q3 2020.
- Cash flows from operations $99.5M vs $117.2M a year ago; MLP distributable cash flow $13.0M vs $21.2M.
- Declared quarterly distribution of $0.4714 per unit, payable Nov 29 to holders of record Nov 12 (29th consecutive).
- Results impacted by planned turnaround of Petro 2 facility and prior-year buyer deficiency fee from hurricanes.
- CEO cites strong downstream demand for ethylene in construction and packaging; expects restart of Petro 2 in December.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466521000052/0001604665-21-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466521000052/wlkp-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001604665-21-000052

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