Westlake Chemical Partners Q1 net income flat at $14.8M; declares $0.4714/unit distribution

Westlake Chemical Partners LP

Net income attributable to Partnership $14.8M ($0.42/unit), essentially flat vs Q1 2023 $14.9M.
MLP distributable cash flow $16.9M, down from $17.6M in Q1 2023 due to lower production/sales volume.
Quarterly distribution of $0.4714/unit declared (39th consecutive), payable May 29 to holders of record May 13.
Trailing 12-month coverage ratio 0.93x (cumulative since IPO 1.08x).
Management constructive on 2024 outlook; stable derivative demand and lower feedstock costs aiding margins.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Westlake Chemical Partners LP reported first quarter 2024 results: net income $14.8 million, EPS $0.42 per limited partner unit.

Period: first quarter 2024
Net income: $14.8 million
EPS: $0.42 per limited partner unit
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 first quarter of 2024 of $14.8 million, or $0.42 per limited partner unit, which was in-line with first quarter 2023 net income of $14.9 million.

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

Westlake Chemical Partners LP filing history →

Source: SEC EDGAR

accession 0001604665-24-000015

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.