Westlake Chemical Partners Q4 net income $15M flat YoY; full-year net income up 15% to $62.4M

Westlake Chemical Partners LP

Q4 2024 net income $15.0M ($0.43/unit) vs $14.3M Q4 2023; full-year $62.4M ($1.77/unit) vs $54.3M.
FY 2024 MLP distributable cash flow $66.9M, up $4.3M YoY; Q4 distributable cash flow $15.0M, down $1.4M.
Declared Q4 distribution of $0.4714/unit, payable Feb 25, 2025; 42nd consecutive quarterly distribution.
Trailing twelve-month coverage ratio 1.01x for Q4 2024, down from 1.03x in Q3 2024.
Petro 1 turnaround started late Jan 2025 (~60 days); coverage may dip below 1.00x in 2025.

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