Westlake Chemical Partners LP (WLKP) Misses Q1 EPS by 9c, Revenues Miss

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Go back to Westlake Chemical Partners LP (WLKP) Misses Q1 EPS by 9c, Revenues Miss

Westlake Chemical Partners LP Announces First Quarter 2021 Results

May 4, 2021 6:30 AM EDT

Declared quarterly distribution of $0.4714 per unit; 27th consecutive quarterly distribution

Ethylene sales agreement benefits Westlake Partners, providing predictable cash flows

HOUSTON--(BUSINESS WIRE)-- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $15.1 million, or $0.43 per limited partner unit, for the three months ended March 31, 2021. Ethylene production in the first quarter was impacted by a severe winter storm. As a result of the storm, Westlake Chemical OpCo LP ("OpCo") declared force majeure under OpCo's Ethylene Sales Agreement with Westlake Chemical Corporation ("Westlake Chemical"). Under this... More