{"schema_version":"secwatch.filing_event.v1","accession":"0001604665-26-000003","form_type":"8-K","ticker":"WLKP","cik":"0001604665","company_name":"Westlake Chemical Partners LP","filed_at":"2026-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.615380+00:00","generated_at":"2026-05-16T00:48:33.666236+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Westlake Chemical Partners Q4 net income $14.5M, coverage ratio 1.13x, distribution $0.4714","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001604665-26-000003","json":"https://secwatch.observer/filing/0001604665-26-000003.json","markdown":"https://secwatch.observer/filing/0001604665-26-000003.md","text":"https://secwatch.observer/filing/0001604665-26-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604665/000160466526000003/0001604665-26-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604665/000160466526000003/wlkp-20260224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T00:48:33.666236+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"}