Westlake Chemical (WLK) Misses Q4 EPS by 15c
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February 23, 2016 6:45 AM EST
HOUSTON, Feb. 23, 2016 /PRNewswire/ --Â Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $10.8 million, or $0.40 per limited partner unit, for the three months ended December 31, 2015, an increase of $2.2 million when compared with fourth quarter 2014 net income attributable to the Partnership of $8.6 million. For the three months ended December 31, 2015, MLP distributable cash flow was $10.1 million, an increase of $1.6 million compared to fourth quarter 2014 MLP distributable cash flow of $8.5 million. The increase in net income attributable to the Partnership and MLP distributable cash... More
February 23, 2016 6:35 AM EST
HOUSTON, Feb. 23, 2016 /PRNewswire/ --Â Westlake Chemical Corporation (NYSE: WLK) today reported net income for the three months ended December 31, 2015 of $111.0 million, or $0.84 per diluted share, compared to net income of $183.3 million, or $1.37 per diluted share, reported for the fourth quarter of 2014. Net sales for the three months ended December 31, 2015 of $986.8 million decreased $149.1 million compared to net sales of $1,135.9 million in the same period of 2014, primarily due to lower sales prices for all of our major products, partially offset by higher sales volumes. Income from operations was $181.1 million in the fourth... More
