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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Westlake Chemical Partners LP Announces Third Quarter 2022 Distribution

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its third quarter 2022 earnings prior to the market opening on Thursday, November 3, 2022.

Westlake Chemical Partners Announce Third Quarter 2022 Earnings Conference Call

Westlake Chemical Partners is dealing with higher natural gas and naphtha prices which are hurting margins. While cash flows are pretty safe on the demand side thanks to sales agreements with affiliated Westlake, the elevated energy costs are a problem for them in the meantime.

Westlake Chemical Partners Getting Crimped By Feedstock But Still Cheap

Westlake Chemical Partners LP (NYSE:WLKP ) Q2 2022 Earnings Conference Call August 2, 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 Matthew Blair - Tudor, Pickering, Holt Operator Good afternoon. Thank you for standing by.

Westlake Chemical Partners LP (WLKP) CEO Albert Chao on Q2 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 second quarter of 2022 of $16.4 million, or $0.47 per limited partner unit, a decrease of $8.7 million compared to second quarter 2021 of $25.1 million. The Partnership's performance for the second quarter of 2022 was the result of solid operational performance across all ethylene units as well as positive margins on third party sales. The sec

Westlake Chemical Partners LP Announces Second Quarter 2022 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 32nd quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on August 25, 2022, to unit holders of record on August 11, 2022. This release is intended to be a qualified notice under Treasury Regulatio

Westlake Chemical Partners LP Announces Second Quarter 2022 Distribution

The company generates almost all its revenue selling ethylene to Westlake on a cost-plus basis with an agreement since 2014 to mark up $0.1. The assets are extremely cash generative, with a FCF yield of around 7% incidentally equal to the dividend yield.

Westlake Chemical Partners Has Solid Margins Till 2026

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its second quarter 2022 earnings prior to the market opening on Tuesday, August 2, 2022. 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/BI770b013956e543e090a2a540520a4a97. The phone number and unique PIN will be provide

Westlake Chemical Partners Announce Second Quarter 2022 Earnings Conference Call

Barings BDC Inc

Energy Transfer LP Unit

Oaktree Specialty Lending

Omega Healthcare Investors

ONEOK

PennantPark Floating Rate Capital

Seven high-yield dividend stocks to buy in July 2022, as earnings a lot of passive income is a sound investment strategy. The post 7 High-Yield Dividend Stocks to Buy in July 2022 appeared first on InvestorPlace.

7 High-Yield Dividend Stocks to Buy in July 2022

Apart from temporary working capital movements, Westlake Chemical Partners produced solid cash flow performance for 2021 and the first quarter of 2022. Given their steady nature, nothing appears set to change materially during 2022 with no meaningful events on the horizon.

Westlake Chemical Partners: More Of The Same In 2022, Downgrading

Westlake Chemical Partners LP (NYSE:WLKP ) Q1 2022 Earnings Conference Call May 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 Matthew Blair - Tudor, Pickering, Holt Operator Good afternoon. Thank you for standing by, and welcome to the Westlake Chemical Partners First Quarter 2022 Earnings Conference Call.

Westlake Chemical Partners LP (WLKP) CEO Albert Chao on Q1 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 first quarter of 2022 of $16.2 million, or $0.46 per limited partner unit, an increase of $1.1 million compared to first quarter 2021 net income of $15.1 million. The Partnership's net income in the first quarter of 2022 was the result of strong production volumes and solid margins on third-party sales. The first quarter of 2021 was impacted b

Westlake Chemical Partners LP Announces First Quarter 2022 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 31st quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on May 26, 2022, to unit holders of record on May 12, 2022. This release is intended to be a qualified notice under Treasury Regulation Sect

Westlake Chemical Partners LP Announces First Quarter 2022 Distribution

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its first quarter 2022 earnings prior to the market opening on Tuesday, May 3, 2022. 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 call, dial (855) 765-5686, or (234) 386-2848 for international callers, approximately 10 minutes prior to the scheduled start time and reference passcode 6739002. The co

Westlake Chemical Partners Announce First Quarter 2022 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners L.P. (NYSE:WLKP) today announced that its 2021 tax packages, including schedule K-1s, are now available online. They may be accessed online through the K-1 Tax Package Support website www.taxpackagesupport.com/wlkp. First time users will need to sign up for online account access which may also be done on the K-1 Tax Package Support website. The partnership expects to begin mailing K-1s by mid-March. We encourage unit holders to access the K-1

Westlake Chemical Partners 2021 K-1 Tax Packages Now Available

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported record net income attributable to the Partnership in the fourth quarter of 2021 of $29.5 million, or $0.84 per limited partner unit, an increase of $14.5 million compared to fourth quarter 2020 net income of $15.0 million. The Partnership's net income in the fourth quarter of 2021 benefited from a buyer deficiency fee as well as recovery of certain other costs from Westlake Corporation ("West

Westlake Chemical Partners LP Announces Record Fourth Quarter and Full Year 2021 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its fourth quarter and full year earnings for 2021 prior to the market opening on Tuesday, February 22, 2022. 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 call, dial (855) 765-5686, or (234) 386-2848 for international callers, approximately 10 minutes prior to the scheduled start time and reference

Westlake Chemical Partners Announces Fourth Quarter and Full Year Earnings for 2021 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 30th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on February 17, 2022, to unit holders of record on February 3, 2022. This release is intended to be a qualified notice under Treasury Regula

Westlake Chemical Partners LP Announces Fourth Quarter 2021 Distribution

The relatively underfollowed Westlake Chemical Partners has once again sustained their high distribution yield throughout 2021. Even after removing their temporary working capital draw, their financial performance remained resilient and produced ample free cash flow.

Westlake Chemical Partners: Too Conservatively Financed For Their Own Good

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2021 of $12.8 million, or $0.36 per limited partner unit, a decrease of $5.7 million compared to third quarter 2020 net income attributable to the Partnership of $18.5 million. The decrease in net income was a result of reduced sales to Westlake attributable to a buyer deficiency fee from Westlake Chemical Corporation (“Westla

Westlake Chemical Partners LP Announces Third Quarter 2021 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 by the Partnership of $0.4714 per unit. This is the 29th consecutive quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on November 29, 2021, to unit holders of record on November 12, 2021. This release is intended to be a qualif

Westlake Chemical Partners LP Announces Third Quarter 2021 Distribution

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its third quarter earnings for 2021 prior to the market opening on Tuesday, November 2, 2021. The company will host a conference call at 12:00 p.m. Eastern Time (11:00 p.m. Central Time) on the same day to discuss the earnings release. To access the conference call, dial (855) 765-5686, or (234) 386-2848 for international callers, approximately 10 minutes prior to the scheduled start time and reference passcode 82854

Westlake Chemical Partners Announce Third Quarter Earnings for 2021 Conference Call

Westlake Chemical

Fidelity National Financial

Lowe's

Louisiana-Pacific

Tyson Foods

Markets are starting the post-Labor Day week on the wrong foot, as the Dow and the S&P fell into the red. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

Westlake Chemical Partners Lp Ranked Among Today's Top Buys Amid Growing Delta Variant Concerns

Acushnet Hlds

Mettler-Toledo

Wolverine World Wide

Stocks were little changed today, with the Dow down 21 points, or less than 0.1%, while both the S&P and Nasdaq were flat. Find opportunities in today's market with the Top Buys from Q.ai's deep learning algorithms.

Westlake Chemical Partners Lp Among Today's Top Buys As August Trading Comes To A Close

Gates Industrial

Nordson

The Dow fluctuated between gains and losses, the S&P 500 gained 0.2% to set a new intraday record high, and the Nasdaq rose 0.4%. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

News for Westlake Chemical Partners LP Stock (WLKP)