---
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"
generated_at: "2026-06-12T08:22:59.142400+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Westlake Chemical Partners Q2 net income $11.9M ($0.34/unit) down 27% YoY; distribution unchanged

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1604665/000160466523000023/0001604665-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000023/wlkp-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604665-23-000023
- JSON: https://secwatch.observer/filing/0001604665-23-000023.json
- Plain text: https://secwatch.observer/filing/0001604665-23-000023.txt

## Key facts
- Earnings Releases
  Westlake Chemical Partners LP reported second quarter 2023 results: net income $11.9 million, EPS $0.34 per limited partner unit.
  - Period: second quarter 2023
  - Net income: $11.9 million
  - EPS: $0.34 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 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_url: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000023/0001604665-23-000023-index.htm

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