---
schema_version: "secwatch.filing_event.v1"
accession: "0001604665-23-000015"
form_type: "8-K"
ticker: "WLKP"
cik: "0001604665"
company_name: "Westlake Chemical Partners LP"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:03:56.156346+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Westlake Chemical Partners Q1 net income $14.9M ($0.42/unit); distribution of $0.4714 declared

## Summary
- Net income attributable to Partnership $14.9M ($0.42/unit), down from $16.2M YoY due to higher interest expense.
- Cash flows from operations $144.9M, up $40.1M YoY from favorable working capital changes.
- MLP distributable cash flow $17.6M, down $1.7M YoY; trailing 12-month coverage ratio 1.12x.
- Quarterly distribution declared $0.4714/unit, payable May 26, 2023, 35th consecutive quarterly distribution.
- CEO cites strong production volumes and fixed-margin sales agreement with Westlake covering 95% of output.

## SEC filing metadata
- accession: 0001604665-23-000015
- form_type: 8-K
- ticker: WLKP
- cik: 0001604665
- company_name: Westlake Chemical Partners LP
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000015/0001604665-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000015/wlkp-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604665-23-000015
- JSON: https://secwatch.observer/filing/0001604665-23-000015.json
- Plain text: https://secwatch.observer/filing/0001604665-23-000015.txt

## Key facts
- Earnings Releases
  Westlake Chemical Partners LP reported first quarter of 2023 results: net income net income attributable to the Partnership in the first quarter of 2023 of $14.9 million, EPS $0.42 per limited partner unit.
  - Period: first quarter of 2023
  - Net income: net income attributable to the Partnership in the first quarter of 2023 of $14.9 million
  - EPS: $0.42 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 first quarter of 2023 of $14.9 million, or $0.42 per limited partner unit, a decrease of $1.3 million compared to first quarter 2022 net income of $16.2 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000015/0001604665-23-000015-index.htm

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