Westlake Chemical Partners LP (WLKP) Misses Q1 EPS by 1c

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Go back to Westlake Chemical Partners LP (WLKP) Misses Q1 EPS by 1c

Westlake Chemical Partners LP Announces First Quarter 2020 Results

May 4, 2020 6:30 AM EDT

Maintained quarterly distribution of $0.4714 per unit

HOUSTON--(BUSINESS WIRE)-- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $17.7 million, or $0.50 per limited partner unit, for the three months ended March 31, 2020, an increase of $2.7 million compared to first quarter 2019 net income attributable to the Partnership of $15.0 million. The increase in net income attributable to the Partnership was primarily due to the increased production at Westlake Chemical OpCo LP ("OpCo") and higher third party sales margins. Cash flows from operating... More