Westlake Chemical Partners LP (NYSE: WLKP) reported Q3 EPS of $0.42, $0.04 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $249.93 million versus the consensus estimate of $302.81 million.

“The acquisition of the incremental interest in OpCo in the first quarter of this year has set us on a path to continue to deliver increasing cash flows and distributions to unitholders throughout the year,” said Albert Chao, President and Chief Executive Officer. “We continue to benefit from the strong relationship with our sponsor, Westlake Chemical, and have taken recent steps to modify and align our distribution growth strategy with the current capital markets to maximize long-term value to unitholders. This quarter we increased our distribution for the 19th consecutive quarter. We intend to retain a sustainable, top-tier distribution growth rate, which reduces our reliance on the equity markets, better aligning our future capital requirements with the availability of today’s MLP equity capital. We continue to evaluate all opportunities available to us, including growth through acquisition and margin expansion, as a means to further grow our cash flows and maintain a path of long-term value creation for our unitholders.”

For earnings history and earnings-related data on Westlake Chemical Partners LP (WLKP) click here.