secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001604665-24-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466524000015/0001604665-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466524000015/wlkp-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001604665-24-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer