Westlake Chemical Partners LP (WLKP) Misses Q2 EPS by 5c, Revenues Miss

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Go back to Westlake Chemical Partners LP (WLKP) Misses Q2 EPS by 5c, Revenues Miss

Westlake Chemical Partners LP Announces Second Quarter 2018 Results

August 2, 2018 6:30 AM EDT

Increased quarterly cash distribution by 2.8% sequentially, or 12% compared to the second quarter 2017 distribution, to $0.4088 per unit, the 14th consecutive quarterly increase in distributions Reset the target distribution tiers for the Incentive Distribution Rights (IDRs) with the first target distribution threshold increasing to $1.2938 per unit from $0.3163 Quarterly distribution coverage ratio of 1.21x

HOUSTON--(BUSINESS WIRE)-- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $12.8 million, or $0.40 per limited partner unit, for the three months ended... More