Westlake Chemical (WLK) Tops Q2 EPS by 33c
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Westlake Chemical Partners LP Announces Second Quarter Earnings
August 4, 2015 7:05 AM EDTHOUSTON, Aug. 4, 2015 /PRNewswire/ -- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported second quarter 2015 net income attributable to the Partnership of $10.4 million, or $0.39 per limited partner unit, and MLP distributable cash flow of $9.2 million. Net sales at Westlake Chemical OpCo LP ("OpCo") for the period were $251.7 million. This represents an increase in net income of $1.9 million, or $0.08 per unit when compared to the first quarter of 2015. This increase was primarily driven by the acquisition in April 2015 of an additional 2.7% limited partner interest in OpCo.
OpCo's sales agreement... More
Westlake Chemical Corporation Announces Record Second Quarter 2015 Net Income
August 4, 2015 7:00 AM EDTHOUSTON, Aug. 4, 2015 /PRNewswire/ --Â Westlake Chemical Corporation (NYSE: WLK) today reported record net income for the second quarter of 2015 of $205.1 million, or $1.54 per diluted share, on net sales of $1,185.0 million. This represents an increase in net income attributable to Westlake Chemical Corporation of $35.7 million, or $0.28 per diluted share, compared to the quarter ended June 30, 2014 net income of $169.4 million, or $1.26 per diluted share, on net sales of $998.6 million. Net income for the second quarter of 2015 included a net pre-tax gain of $15.5 million, or $0.13 per diluted share, related to a gain from the... More
