---
schema_version: "secwatch.filing_event.v1"
accession: "0001604665-23-000030"
form_type: "8-K"
ticker: "WLKP"
cik: "0001604665"
company_name: "Westlake Chemical Partners LP"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:24:02.699576+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001604665-23-000030
- form_type: 8-K
- ticker: WLKP
- cik: 0001604665
- company_name: Westlake Chemical Partners LP
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000030/0001604665-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000030/wlkp-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604665-23-000030
- JSON: https://secwatch.observer/filing/0001604665-23-000030.json
- Plain text: https://secwatch.observer/filing/0001604665-23-000030.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604665/000160466523000030/0001604665-23-000030-index.htm

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