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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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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Westlake Chemical Partners stands out on the list for Master Limited Partnerships with their rare combination of attributes. A combination of a high 9% distribution yield, strong coverage, resilient cash flow performance, very low leverage and strong liquidity is extremely rare and very desirable.

Westlake Chemical Partners: Premier High-Yielder Right Now, Maybe More One Day

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HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $18.5 million, or $0.53 per limited partner unit, for the three months ended September 30, 2020. In connection with Hurricane Laura, which struck Lake Charles, Louisiana on August 27, 2020, Westlake Chemical OpCo LP ("OpCo") declared a force majeure event with respect to its Petro 1 and Petro 2 facilities located in Lake Charles under OpCo's ethyl

Westlake Chemical Partners LP Announces Third Quarter 2020 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 25th consecutive quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on November 24, 2020, to unit holders of record on November 9, 2020. This release is intended to be a qualifi

Westlake Chemical Partners LP Announces Third Quarter 2020 Distribution

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its third quarter 2020 earnings prior to the market opening on Tuesday, Nov. 3, 2020. 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 7787568. The c

Westlake Chemical Partners Announce Third Quarter 2020 Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) today issued a statement updating the impact of Hurricane Laura, on the Lake Charles, La.-area.

Westlake Chemical Partners Updates Statement on Lake Charles Operations

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) today issued a statement regarding Hurricane Laura

Westlake Chemical Partners Issues Statement on Lake Charles Operations

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $14.9 million, or $0.43 per limited partner unit, for the three months ended June 30, 2020, an increase of $1.2 million compared to second quarter 2019 net income attributable to the Partnership of $13.7 million. The increase in net income attributable to the Partnership was primarily due to higher earnings on ethylene sold to Westlake Chemical Co

Westlake Chemical Partners LP Announces Second Quarter 2020 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 24th quarterly distribution announced by the Partnership since its initial public offering.

Westlake Chemical Partners LP Announces Second Quarter 2020 Distribution

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its 2020 second quarter earnings prior to the market opening on Thursday, August 6, 2020. The company will host a conference call at 12:00 p.m.

Westlake Chemical Partners Announce Second Quarter 2020 Conference Call

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News for Westlake Chemical Partners LP Stock (WLKP)