earnings
confidence high
sentiment positive
materiality 0.70
Westlake Chemical Partners Q1 net income $14.2M, up from $4.9M; distribution $0.4714/unit
Westlake Chemical Partners LP
- Net income attributable to Partnership of $14.2M ($0.40/unit) vs $4.9M in Q1 2025.
- Cash flow from operations $110.2M, up $64.4M YoY; MLP distributable cash flow $17.9M, up $13.2M.
- Quarterly distribution declared $0.4714/unit, payable June 1, 2026 to holders of record May 14, 2026.
- Coverage ratio improved to 1.08x for Q1 2026 vs trailing twelve-month coverage of 1.00x.
- CEO cites war with Iran and Strait of Hormuz closure boosting export demand and third-party ethylene prices.