Westlake Chemical (WLK) Tops Q3 EPS by 9c

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Go back to Westlake Chemical (WLK) Tops Q3 EPS by 9c

Westlake Chemical Partners LP Announces Third Quarter 2015 Earnings

November 3, 2015 6:50 AM EST

HOUSTON, Nov. 3, 2015 /PRNewswire/ -- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported third quarter 2015 net income attributable to the Partnership of $10.1 million, or $0.37 per limited partner unit, and MLP distributable cash flow of $9.5 million. Net sales at Westlake Chemical OpCo LP ("OpCo") for the period were $248.6 million. The Partnership's second quarter 2015 net income was $10.4 million, or $0.39 per limited partner unit.

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 OpCo's ethylene... More