secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001604665-22-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Chemical Partners Q3 net income up 16% to $14.8M; declares $0.4714 distribution
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- Net income attributable to Partnership $14.8M ($0.42/unit) vs $12.8M in Q3 2021, up 16%.
- Declared Q3 distribution $0.4714/unit payable Nov 28 to holders of record Nov 10; 33rd consecutive.
- Cash from ops $115.5M, up $16M YoY; MLP distributable cash flow $16.7M, coverage ratio 1.07x trailing twelve months.
- Received $13.9M buyer deficiency fee from Westlake due to volatile downstream demand lowering planned offtake.
- CEO cites ratable sales agreement with Westlake providing fixed margin on 95% of production, optimistic for 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466522000033/0001604665-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466522000033/wlkp-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001604665-22-000033

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