secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001604665-25-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466525000019/0001604665-25-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466525000019/wlkp-20250502.htm
  HTML page:      https://secwatch.observer/filing/0001604665-25-000019

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