secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001604665-24-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Chemical Partners Q2 net income $14.4M ($0.41/unit); distribution declared
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- Net income $14.4M ($0.41/unit) up from $11.9M YoY; operating cash flow $121.9M, +$23.4M.
- MLP distributable cash flow $17.1M, +$2.1M YoY; trailing 12-month coverage ratio 0.96x.
- Declared Q2 distribution $0.4714/unit, payable Aug 27, record Aug 12 – 40th consecutive quarterly distribution.
- Jean-Marc Gilson appointed President & CEO of general partner, succeeds Albert Chao as Executive Chairman.
- Planned Petro 1 ethylene unit turnaround in later Q3; temporary impact on earnings and cash flows expected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466524000024/0001604665-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466524000024/wlkp-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001604665-24-000024

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