secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001604665-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.40
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Chemical Partners Q1 net income $16.2M; declares $0.4714 distribution
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- Net income attributable to Partnership $16.2M ($0.46/unit), up from $15.1M in Q1 2021.
- Declared quarterly distribution $0.4714/unit payable May 26, 2022; 31st consecutive distribution.
- Cash from operations $104.8M, down $50.6M YoY due to timing of payments from Westlake.
- MLP distributable cash flow $19.3M, up $3.1M YoY, driven by higher earnings and reduced turnaround reserves.
- Strong ethylene production after Petro 2 turnaround; sales agreement with Westlake provides fixed margin on 95% of output.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466522000015/0001604665-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466522000015/wlkp-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001604665-22-000015

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