Nomura Securities Remains Sidelined as Westlake Chemical (WLK) Agrees to Acquire Axiall
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Westlake Chemical Partners LP Announces Second Quarter 2016 Earnings and the completion of OpCo's 250 million pound ethylene expansion in Lake Charles, Louisiana
July 28, 2016 4:16 PM EDTHOUSTON, July 28, 2016 /PRNewswire/ -- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $9.3 million, or $0.34 per limited partner unit, for the three months ended June 30, 2016, a decrease of $1.1 million compared to second quarter 2015 net income attributable to the Partnership of $10.4 million, or $0.39 per limited partner unit. The decrease in net income attributable to the Partnership as compared to the prior year period was primarily due to lower operating rates at Westlake Chemical OpCo LP's ("OpCo") Petro 1 facility in Lake Charles, Louisiana due to... More
Westlake Chemical Corporation Announces Second Quarter 2016 Earnings
July 28, 2016 4:15 PM EDTEntered into a definitive agreement in June to acquire Axiall Corporation, a leading North American manufacturer and international marketer of integrated chlorovinyls and vinyl-based building and home improvement products Cash flow from operations of $369.9 million for the first six months of 2016
HOUSTON--(BUSINESS WIRE)-- Westlake Chemical Corporation (NYSE: WLK) today reported net income for the three months ended June 30, 2016 of $111.1 million, or $0.85 per diluted share, on net sales of $1,086.1 million. This represents a decrease in net income of $94.0 million, or $0.69 per diluted share,... More
Westlake Chemical Partners LP Announces Second Quarter Distribution
July 28, 2016 6:45 AM EDTHOUSTON, July 28, 2016 /PRNewswire/ --Â The Board of Directors of Westlake Chemical Partners GP LLC (the "Company"), the general partner of Westlake Chemical Partners LP (the "Partnership"), a Westlake company (NYSE: WLKP) declared on Wednesday, July 27, 2016, a distribution of $0.3259 per unit, representing a 2.87% increase from the first quarter distribution. This is the eighth distribution... More
