---
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"
generated_at: "2026-06-05T23:07:20.412613+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Westlake Chemical Partners Q4 net income down 15% YoY; coverage ratio falls to 0.94x

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604665-24-000003
- JSON: https://secwatch.observer/filing/0001604665-24-000003.json
- Plain text: https://secwatch.observer/filing/0001604665-24-000003.txt

## Key facts
- Earnings Releases
  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.
  - Period: fourth quarter and full year 2023
  - Net income: net income attributable to the Partnership in the fourth quarter of 2023 of $14.3 million, or $0.41 per limited partner
  - Result: reported results
  source text: On February 20, 2024 , Westlake Chemical Partners LP (the "Partnership") issued a press release announcing its 2023 fourth quarter and full year results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604665/000160466524000003/0001604665-24-000003-index.htm

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