Westlake Chemical Partners Q1 net income $4.9M, down from $14.8M YoY; distribution held at $0.4714/unit

Westlake Chemical Partners LP

Net income attributable to partnership of $4.9M ($0.14/unit) vs Q1 2024 net income of $14.8M.
MLP distributable cash flow of $4.7M, down from $16.9M YoY; trailing 12-month coverage ratio 0.82x.
Planned Petro 1 turnaround reduced production and sales volume; turnaround completed in early April.
Declared Q1 distribution of $0.4714/unit payable May 29, 2025 to holders of record May 13, 2025.
CEO expects distributable cash flow and coverage to return to historical levels in coming quarters.

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