{"schema_version":"secwatch.filing_event.v1","accession":"0001604665-25-000019","form_type":"8-K","ticker":"WLKP","cik":"0001604665","company_name":"Westlake Chemical Partners LP","filed_at":"2025-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.983918+00:00","generated_at":"2026-05-22T22:50:07.172009+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Westlake Chemical Partners Q1 net income $4.9M, down from $14.8M YoY; distribution held at $0.4714/unit","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001604665-25-000019","json":"https://secwatch.observer/filing/0001604665-25-000019.json","markdown":"https://secwatch.observer/filing/0001604665-25-000019.md","text":"https://secwatch.observer/filing/0001604665-25-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604665/000160466525000019/0001604665-25-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604665/000160466525000019/wlkp-20250502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T22:50:07.172009+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}