Westlake Chemical Partners LP (WLKP) Reports In-Line Q2 EPS

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Go back to Westlake Chemical Partners LP (WLKP) Reports In-Line Q2 EPS

Westlake Chemical Partners LP Announces Second Quarter Earnings

August 4, 2015 7:05 AM EDT

HOUSTON, 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