Westlake Chemical Partners LP (WLKP) Misses Q3 EPS by 1c
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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
November 3, 2015 6:45 AM EST
HOUSTON, Nov. 3, 2015 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) today reported net income for the third quarter of 2015 of $183.6 million, or $1.39 per diluted share, on net sales of $1,188.0 million. This represents an increase in net income of $15.8 million, or $0.14 per diluted share, compared to the quarter ended September 30, 2014 net income of $167.8 million, or $1.25 per diluted share, on net sales of $1,253.2 million. Net income for the third quarter of 2015 was impacted by a lower effective tax rate and several plant outages as a result of maintenance turnaround activity. The lower... More
