Westlake Chemical Partners LP

Westlake Chemical Partners LP engages in the operation, acquisition and development of ethylene production facilities and related assets. It is also involved in the manufacture and marketing of basic chemicals, polymers, and fabricated building products. The company was founded on March 14, 2014 and is headquartered in Houston, TX.

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Earnings data Q4 2024

Westlake Chemical Partners reports stable earnings and plans for growth

Westlake Chemical Partners delivered consistent financial performance in Q4 2022, supported by a strong balance sheet and reliable revenue streams.
While facing challenges such as upcoming maintenance activities and cost management concerns, the company remains focused on long-term value creation.
Opportunities for growth and profitability exist through strategic initiatives, operational efficiency enhancements, and potential industry partnerships.

Westlake Chemical Partners reports solid Q1 earnings amid growth optimism

Westlake Chemical Partners delivered stable financial performance in Q1 2023, supported by strong operating results in ethylene units.
Despite a planned facility turnaround impacting distribution coverage temporarily, the company remains optimistic about future growth prospects.
With a focus on providing long-term value to unitholders and leveraging demand fundamentals for ethylene, Westlake Partners is well-positioned for strategic growth.

Westlake Chemical Partners LP reports Q2 impact from turnaround, eyes improved performance

Westlake Chemical Partners LP faced challenges in Q2 due to a planned maintenance turnaround but expects improved performance in the upcoming quarters. Their stable business model and focus on growth opportunities position them well for the future.

Westlake Chemical Partners LP reports strong Q3 earnings and eyes ethylene market growth

Westlake Chemical Partners LP delivered solid financial performance in Q3 2023, supported by operational improvements and strategic planning. While facing challenges in cost management and market dynamics, the partnership remains optimistic about growth opportunities in the ethylene market.

Westlake Chemical Partners LP reports stable earnings and eyes growth

Westlake Chemical Partners LP delivered a solid financial performance in Q4 2023, supported by stable earnings and strong cash flows.
Despite facing challenges related to interest rate impacts, the partnership's financial strength and prudent management position it well for future growth.
Management's focus on stability, coupled with identified growth opportunities, sets the stage for Westlake Partners to navigate challenges and drive value creation.
Investors can find confidence in the partnership's consistent performance, financial resilience, and strategic approach to capitalizing on future opportunities.

Westlake Chemical Partners posts solid Q1 earnings amidst sustainability focus

Westlake Chemical Partners delivered a strong financial performance in Q1 2024, maintaining its track record of consistent distributions and solid earnings.
The company's focus on sustainability, commitment to shareholder value, and prudent financial management position it well for long-term growth and stability.
While facing challenges such as the upcoming ethylene unit turnaround, Westlake Chemical Partners has opportunities to drive revenue growth, enhance ESG efforts, and optimize operational efficiency.

Westlake Chemical Partners LP posts solid Q2 results, appoints new CEO

Westlake Chemical Partners LP delivered a strong Q2 2024 performance, maintaining financial stability and operational efficiency.
With a new President and CEO at the helm, the company is poised for strategic growth and innovation.
While challenges may arise from market uncertainties, Westlake Chemical Partners LP's solid financial health and prudent management position it well for future opportunities.

Westlake Chemical Partners LP reports robust Q3 earnings and operational efficiency plans for Q1 2025

Westlake Chemical Partners LP delivered strong financial performance in Q3 2024, with notable net income and distributable cash flow. The Partnership's stable business model and focus on safe operations have supported consistent distribution growth. While challenges like balancing operational efficiency and planned turnarounds exist, opportunities for growth and market positioning are on the horizon.

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HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 37th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on November 27, 2023, to unit holders of record on November 10, 2023. This release is intended to be a qualified notice under Treasury Regul.

Westlake Chemical Partners LP Announces Third Quarter 2023 Distribution

HOUSTON--(BUSINESS WIRE)--Please replace the release with the following corrected version to update the link to pre-register to https://register.vevent.com/register/BIba82e736e2dc4c7795c84d6a93ba20f8 The updated release reads: WESTLAKE CHEMICAL PARTNERS ANNOUNCE THIRD QUARTER 2023 EARNINGS CONFERENCE CALL Westlake Chemical Partners (NYSE: WLKP) will release its third quarter 2023 earnings prior to the market opening on Thursday, November 2, 2023. The company will host a conference call at 1:00.

CORRECTING and REPLACING Westlake Chemical Partners Announce Third Quarter 2023 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its third quarter 2023 earnings prior to the market opening on Thursday, November 2, 2023. The company will host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BIba82e736e2dc4c7795c84d6a93ba20f8. Once registered, you will receive a phone num.

Westlake Chemical Partners Announce Third Quarter 2023 Earnings Conference Call

Westlake Chemical Partners LP (NYSE:WLKP ) Q2 2023 Earnings Conference Call August 3, 2023 1:00 PM ET Company Participants Jeff Holy - Vice President and Treasurer Albert Chao - President and Chief Executive Officer Steve Bender - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Blair - Tudor, Pickering, Holt & Co. James Altschul - Aviation Advisory Service, Inc. Stephen Byrne - BofA Securities Operator Good afternoon. Thank you for standing by.

Westlake Chemical Partners LP (WLKP) Q2 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the second quarter of 2023 of $11.9 million, or $0.34 per limited partner unit, a decrease of $4.5 million compared to second quarter 2022 net income of $16.4 million. The reduction in Partnership net income in the second quarter of 2023 compared to the second quarter of 2022 was the result of lower production volumes, due to the planned Calvert C.

Westlake Chemical Partners LP Announces Second Quarter 2023 Results

Westlake Chemical Partners benefits from capital expenditures and investments in environmental compliance, which may attract ESG-focused institutional investors. The company operates in the commercialization of ethylene and has three production facilities with a significant production capacity. The company's balance sheet includes debts and accounts receivable with Westlake Corporation, which may not be appreciated by minority investors.

Westlake Chemical: Environmental Investments Could Accelerate The Demand For The Stock

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 36th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on August 25, 2023, to unit holders of record on August 11, 2023. This release is intended to be a qualified notice under Treasury Regulatio.

Westlake Chemical Partners LP Announces Second Quarter 2023 Distribution

Westlake Chemical Partners LP has seen a 70% QoQ increase in net income, reaching $394 million, and maintains a robust balance sheet with $2.4 billion in cash. The company operates in two segments, Performance and Essential Materials and Housing and Infrastructure Products, with PEM generating the majority of revenues at $2.3 billion. Despite concerns over third-party ethylene margins, WLKP's strong financial position and high dividend yield make it an attractive option for investors seeking a dividend income stock.

Westlake Chemical Partners: Strategically Positioned To Benefit From Megatrends

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its second quarter 2023 earnings prior to the market opening on Thursday, August 3, 2023. The company will host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BIb635b9f0d11a495fb699666f55842f0b. Once registered, you will receive a phone numb.

Westlake Chemical Partners Announce Second Quarter 2023 Earnings Conference Call

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Westlake Chemical Partners LP (NYSE:WLKP ) Q1 2023 Earnings Conference Call May 4, 2023 1:00 PM ET Company Participants Jeff Holy - Vice President and Treasurer Albert Chao - President and Chief Executive Officer Steve Bender - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Blair - TPH Operator Good afternoon. Thank you for standing by.

Westlake Chemical Partners LP (WLKP) Q1 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the first quarter of 2023 of $14.9 million, or $0.42 per limited partner unit, a decrease of $1.3 million compared to first quarter 2022 net income of $16.2 million. The Partnership's net income in the first quarter of 2023 was the result of strong production volumes with the decrease in net income compared to the first quarter of 2022 attributabl.

Westlake Chemical Partners LP Announces First Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 35th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on May 26, 2023, to unit holders of record on May 12, 2023. This release is intended to be a qualified notice under Treasury Regulation Sect.

Westlake Chemical Partners LP Announces First Quarter 2023 Distribution

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) today announced that Ms. Lisa A. Friel has been appointed to the board of directors of its general partner, Westlake Chemical Partners GP LLC. She will replace Ms. Angela A. Minas, who previously informed the company that she would resign from the board effective upon the appointment of her successor. Ms. Friel was the Managing Partner of Ernst & Young LLP's San Antonio, Texas office from July 2012 until her retirement in Sep.

Westlake Chemical Partners Appoints Lisa Friel to Board of Directors

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its first quarter 2023 earnings prior to the market opening on Thursday, May 4, 2023. The company will host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BI16a50f5d0c114b199639e3cf58096652.

Westlake Chemical Partners Announce First Quarter 2023 Earnings Conference Call

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Are Investors Undervaluing Westlake Chemical Partners (WLKP) Right Now?

Westlake Chemical Partners LP (NYSE:WLKP ) Q4 2022 Results Conference Call February 21, 2023 1:00 PM ET Company Participants Jeff Holy - Vice President and Treasurer Albert Chao - President and Chief Executive Officer Steve Bender - Executive Vice President and Chief Financial Officer Operator Good afternoon. Thank you for standing by.

Westlake Chemical Partners LP (WLKP) Q4 2022 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the fourth quarter of 2022 of $16.8 million, or $0.48 per limited partner unit, a decrease of $12.7 million compared to fourth quarter 2021 net income of $29.5 million.

Westlake Chemical Partners LP Announces Fourth Quarter 2022 Results

Westlake Chemical Partners Announce Fourth Quarter and Full Year 2022 Earnings Conference Call

HOUSTON--( BUSINESS WIRE )--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 34th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on February 16, 2023, to unit holders of record on February 2, 2023.

Westlake Chemical Partners LP Announces Fourth Quarter 2022 Distribution

Westlake Chemical Partners is essentially a cash flow vehicle based on an incestuous procurement agreement between WLKP and WLK, the building finishing company that uses WLKP ethylene. Last quarter was its weakest due to inflation of natural gas prices putting pressure on WLKP margins.

Westlake Chemical Partners Benefits From Retreat In Natural Gas Prices

Westlake Chemical Partners LP (NYSE:WLKP ) Q3 2022 Earnings Conference Call November 3, 2022 1:00 PM ET Company Participants Jeff Holy - Vice President and Treasurer Albert Chao - President and Chief Executive Officer Steve Bender - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Leithead - Barclays Operator Thank you for standing by. Welcome to the Westlake Chemical Partners Third Quarter 2022 Earnings Conference Call.

Westlake Chemical Partners LP (WLKP) CEO Albert Chao on Q3 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2022 of $14.8 million, or $0.42 per limited partner unit, an increase of $2.0 million compared to third quarter 2021 of $12.8 million.

News for Westlake Chemical Partners LP Stock (WLKP)