Westlake Chemical Partners LP (WLKP) Misses Q3 EPS by 7c

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Go back to Westlake Chemical Partners LP (WLKP) Misses Q3 EPS by 7c

Westlake Chemical Partners LP Announces Third Quarter 2022 Results

November 3, 2022 6:30 AM EDT

Declared quarterly distribution of $0.4714 per unit; 33rd consecutive quarterly distribution

HOUSTON--(BUSINESS WIRE)-- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2022 of $14.8 million, or $0.42 per limited partner unit, an increase of $2.0 million compared to third quarter 2021 of $12.8 million. Volatile downstream demand lowered planned offtake, resulting in a $13.9 million buyer deficiency fee from Westlake Corporation ("Westlake"). The difference in net income for the third quarter of 2022 as compared to the third quarter of 2021 was primarily... More