secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001604665-22-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466522000005/0001604665-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466522000005/wlkp-20220222.htm
  HTML page:      https://secwatch.observer/filing/0001604665-22-000005

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