---
schema_version: "secwatch.filing_event.v1"
accession: "0001604665-23-000004"
form_type: "8-K"
ticker: "WLKP"
cik: "0001604665"
company_name: "Westlake Chemical Partners LP"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T06:57:47.607163+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Westlake Chemical Partners Q4 net income $16.8M, down 43% YoY; distribution held at $0.4714/unit

## Summary
- Q4 2022 net income attributable to Partnership $16.8M ($0.48/unit) vs $29.5M in Q4 2021, down on lower buyer deficiency fee and higher interest expense.
- Full year 2022 net income $64.2M ($1.82/unit) vs $82.5M in 2021, down on lower third-party sales margins and higher interest expense.
- MLP distributable cash flow Q4 2022 $20.3M, up from $15.3M in Q4 2021; full year $75.9M vs $70.1M.
- Declared Q4 distribution of $0.4714/unit, payable Feb 16, 2023; trailing twelve-month coverage ratio 1.14x (up from 1.07x).
- CEO cites resilient cash flows from Westlake sales agreement despite high inflation and low ethylene margins.

## SEC filing metadata
- accession: 0001604665-23-000004
- form_type: 8-K
- ticker: WLKP
- cik: 0001604665
- company_name: Westlake Chemical Partners LP
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000004/0001604665-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000004/wlkp-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604665-23-000004
- JSON: https://secwatch.observer/filing/0001604665-23-000004.json
- Plain text: https://secwatch.observer/filing/0001604665-23-000004.txt

## Key facts
- Earnings Releases
  Westlake Chemical Partners LP reported the fourth quarter of 2022 results: net income $16.8 million, EPS $0.48 per limited partner unit.
  - Period: the fourth quarter of 2022
  - Net income: $16.8 million
  - EPS: $0.48 per limited partner unit
  - Result: reported results
  source text: Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the fourth quarter of 2022 of $16.8 million, or $0.48 per limited partner unit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000004/0001604665-23-000004-index.htm
- Earnings Releases
  Westlake Chemical Partners LP reported the full year 2022 results: net income $64.2 million, EPS $1.82 per limited partner unit.
  - Period: the full year 2022
  - Net income: $64.2 million
  - EPS: $1.82 per limited partner unit
  - Result: reported results
  source text: For the full year 2022, net income attributable to the Partnership of $64.2 million, or $1.82 per limited partner unit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000004/0001604665-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.