Westlake Chemical Partners LP (WLKP) Misses Q1 EPS by 1c

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Go back to Westlake Chemical Partners LP (WLKP) Misses Q1 EPS by 1c

Westlake Chemical Partners LP Announces First Quarter Earnings

May 4, 2015 6:15 AM EDT

HOUSTON, May 4, 2015 /PRNewswire/ -- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported first quarter 2015 net income attributable to the Partnership of $8.5 million, or $0.31 per limited partner unit, and MLP distributable cash flow of $9.0 million. Net sales for the period were $258.4 million at OpCo.

OpCo's sales agreement with Westlake Chemical Corporation is designed to provide for stable and predictable cash flows. The sales agreement provides that 95% of the OpCo's ethylene production is sold to Westlake Chemical Corporation for a cash margin of $0.10 per pound, net of operating costs, maintenance capital... More