earnings
confidence high
sentiment neutral
materiality 0.70
Westlake Chemical Partners Q4 net income $14.5M, coverage ratio 1.13x, distribution $0.4714
Westlake Chemical Partners LP
- Q4 net income $14.5M ($0.41/unit) vs $15.0M in Q4 2024; full year net income $48.7M ($1.38/unit), down from $62.4M.
- MLP distributable cash flow Q4 $18.8M, up $3.8M YoY; trailing 12-month coverage ratio improved to 0.80x from 0.75x.
- Quarterly distribution $0.4714 per unit paid Feb 23, 2026; 46th consecutive quarterly distribution.
- Petro 1 turnaround completed in Q2 2025; no planned turnarounds in 2026, expected to boost production and sales volume.
- OpCo sells 95% of ethylene production to Westlake at $0.10/lb cash margin, providing stable cash flows.