{"schema_version":"secwatch.filing_event.v1","accession":"0001604665-23-000023","form_type":"8-K","ticker":"WLKP","cik":"0001604665","company_name":"Westlake Chemical Partners LP","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.522424+00:00","generated_at":"2026-06-12T08:22:59.142400+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Westlake Chemical Partners Q2 net income $11.9M ($0.34/unit) down 27% YoY; distribution unchanged","bullets":["Net income $11.9M ($0.34/unit), down 27% YoY from $16.4M; driven by Calvert City turnaround and higher interest expense.","Cash from ops $98.5M, down $22.4M YoY; MLP distributable cash flow $15.0M, down $4.6M.","Dividend $0.4714/unit, payable Aug 25, record Aug 11; 36th consecutive quarterly distribution; trailing coverage 1.05x.","Calvert City turnaround completed on schedule in Q2; management expects distributable cash flow improvement in H2 2023.","Ethylene sales agreement with Westlake provides fixed $0.10/lb cash margin on 95% of production, supporting predictable cash flows."],"urls":{"canonical":"https://secwatch.observer/filing/0001604665-23-000023","json":"https://secwatch.observer/filing/0001604665-23-000023.json","markdown":"https://secwatch.observer/filing/0001604665-23-000023.md","text":"https://secwatch.observer/filing/0001604665-23-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604665/000160466523000023/0001604665-23-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604665/000160466523000023/wlkp-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T08:22:59.142400+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a741b2b9fc707c4c9a5bc5c8135bdd272bcd16b1","claim":"Westlake Chemical Partners LP reported second quarter 2023 results: net income $11.9 million, EPS $0.34 per limited partner unit.","evidence_excerpt":"Westlake Chemical Partners LP (NYSE: WLKP) (the \"Partnership\") today reported net income attributable to the Partnership in the second quarter of 2023 of $11.9 million, or $0.34 per limited partner unit, a decrease of $4.5 million compared to second quarter 2022 net income of $16.4 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604665/000160466523000023/0001604665-23-000023-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Net income","value":"$11.9 million"},{"label":"EPS","value":"$0.34 per limited partner unit"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}