{"schema_version":"secwatch.filing_event.v1","accession":"0001604665-24-000003","form_type":"8-K","ticker":"WLKP","cik":"0001604665","company_name":"Westlake Chemical Partners LP","filed_at":"2024-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.784420+00:00","generated_at":"2026-06-05T23:07:20.412613+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Westlake Chemical Partners Q4 net income down 15% YoY; coverage ratio falls to 0.94x","bullets":["Q4 2023 net income $14.3M ($0.41/unit) vs $16.8M in Q4 2022; full year $54.3M vs $64.2M.","Full year MLP distributable cash flow $62.6M, down 17.5% from $75.9M in 2022.","Trailing twelve-month distribution coverage ratio declined to 0.94x from 1.00x at Q3 2023.","CEO expects coverage ratio to dip below 1.00x in 2024 due to Petro 1 turnaround and low ethylene margins.","Declared quarterly distribution of $0.4714/unit, 38th consecutive distribution."],"urls":{"canonical":"https://secwatch.observer/filing/0001604665-24-000003","json":"https://secwatch.observer/filing/0001604665-24-000003.json","markdown":"https://secwatch.observer/filing/0001604665-24-000003.md","text":"https://secwatch.observer/filing/0001604665-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604665/000160466524000003/0001604665-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604665/000160466524000003/wlkp-20240220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T23:07:20.412613+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":"560df1e59e85a029c01e5abae668858950aa7a6f","claim":"Westlake Chemical Partners LP reported fourth quarter and full year 2023 results: net income net income attributable to the Partnership in the fourth quarter of 2023 of $14.3 million, or $0.41 per limited partner.","evidence_excerpt":"On February 20, 2024 , Westlake Chemical Partners LP (the \"Partnership\") issued a press release announcing its 2023 fourth quarter and full year results.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604665/000160466524000003/0001604665-24-000003-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year 2023"},{"label":"Net income","value":"net income attributable to the Partnership in the fourth quarter of 2023 of $14.3 million, or $0.41 per limited partner"},{"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"}