secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001604665-25-000004
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 Q4 net income $15M flat YoY; full-year net income up 15% to $62.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466525000004/0001604665-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466525000004/wlkp-20250224.htm
  HTML page:      https://secwatch.observer/filing/0001604665-25-000004

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