secwatch.observer — SEC 8-K summary
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Issuer:     Westlake Chemical Partners LP (WLKP)
CIK:        0001604665
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001604665-26-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Chemical Partners Q1 net income $14.2M, up from $4.9M; distribution $0.4714/unit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604665/000160466526000013/0001604665-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604665/000160466526000013/wlkp-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001604665-26-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer