Westlake Chemical Partners Q3 net income $13.2M ($0.37/unit) vs $14.8M YoY; declares $0.4714 distribution

Westlake Chemical Partners LP

Net income attributable to Partnership was $13.2M ($0.37/unit) in Q3 2023, down from $14.8M in Q3 2022 due to higher interest expense.
Cash from operations decreased to $100.9M from $115.5M YoY; MLP distributable cash flow was $13.6M, down $3.1M YoY.
Quarterly distribution declared at $0.4714 per unit, payable Nov 27, 2023, marking 37th consecutive quarterly distribution.
Trailing twelve-month distribution coverage ratio was 1.00x; CEO expects coverage to recover after turnaround activity.
Ethylene sales agreement provides fixed margin of $0.10/lb on 95% of production, supporting stable cash flows.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Westlake Chemical Partners LP reported third quarter of 2023 results: net income 13.2 million, EPS 0.37.

Period: third quarter of 2023
Net income: 13.2 million
EPS: 0.37
Result: reported results

Exact text from the filing

Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2023 of $13.2 million, or $0.37 per limited partner unit,

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Westlake Chemical Partners LP filing history →

Source: SEC EDGAR

accession 0001604665-23-000030

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