secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001604665-22-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Chemical Partners Q2 net income $16.4M, down 35% YoY; distribution steady at $0.4714
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- Net income attributable to Partnership $16.4M ($0.47/unit) vs $25.1M in Q2 2021, primarily due to prior-year buyer deficiency fee.
- Declared Q2 distribution of $0.4714/unit, payable Aug 25, 2022 to holders of record Aug 11 (32nd consecutive quarterly distribution).
- MLP distributable cash flow $19.6M, down from $25.5M in Q2 2021; trailing twelve-month coverage 1.01x.
- Amended credit agreements extend maturity to July 2027 and replace LIBOR with SOFR plus revised spreads.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466522000023/0001604665-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466522000023/wlkp-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001604665-22-000023

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