earnings
confidence high
sentiment neutral
materiality 0.55
Westlake Chemical Partners Q2 net income $14.6M; distribution $0.4714/unit declared
Westlake Chemical Partners LP
- Net income $14.6M ($0.41/unit) vs $14.4M in Q2 2024; flat YoY.
- Cash from operating activities $9.1M, down $112.8M YoY due to Petro 1 turnaround payments.
- MLP distributable cash flow $15.0M, down $2.1M YoY; coverage ratio 0.79x for trailing twelve months.
- Quarterly distribution $0.4714/unit payable Aug 27, 2025 to holders of record Aug 12; 44th consecutive.
- CEO expects coverage ratio to improve in H2 2025 after completion of Petro 1 turnaround.
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