secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001604665-23-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466523000015/0001604665-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466523000015/wlkp-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001604665-23-000015

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