Westlake Chemical Partners reports record FY2021 net income $82.5M; Q4 distribution $0.4714/unit

Westlake Chemical Partners LP

Q4 2021 net income attributable to Partnership $29.5M ($0.84/unit), up from $15.0M in Q4 2020.
Full-year 2021 net income $82.5M ($2.34/unit), up $16.3M YoY on strong third-party sales margins.
Q4 2021 cash from operations $21.9M; full-year cash from operations $408.4M (+$35M YoY).
Declared Q4 2021 distribution $0.4714/unit, payable Feb 17, 2022; 30th consecutive quarterly distribution.
MLP distributable cash flow of $70.1M in 2021 provided 1.06x coverage of declared distributions.

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