Welcome to our dedicated page for Westlake Chem Partners Lp news (Ticker: WLKP), a resource for investors and traders seeking the latest updates and insights on Westlake Chem Partners Lp stock.
Westlake Chemical Partners LP (WLKP) is a key player in ethylene production and chemical processing, operating critical facilities across the United States. This page serves as the definitive source for official company announcements, financial updates, and strategic developments impacting the petrochemical sector.
Investors and industry professionals will find timely updates on earnings reports, facility expansions, operational milestones, and partnerships. Our curated collection includes press releases on ethylene production innovations, co-product utilization, and market positioning within the competitive chemical landscape.
Key coverage areas include quarterly financial results, infrastructure investments, environmental initiatives, and supply chain developments. All content is verified through primary sources to ensure accuracy and relevance for decision-makers.
Bookmark this page to monitor WLKP's progress in optimizing ethane-to-ethylene conversion processes and maintaining its role as a vital contributor to industrial chemical supply chains.
Westlake Chemical Partners LP (WLKP) reported net income of $14.8 million for Q1 2024, in-line with Q1 2023. Cash flows decreased to $104.6 million due to working capital changes. MLP distributable cash flow was $16.9 million, down $0.7 million from Q1 2023. Despite lower production and sales volume, net income saw a slight increase from Q4 2023. The quarterly distribution of $0.4714 per unit was declared, marking the 39th consecutive distribution. The partnership remains optimistic for 2024, citing stable demand for ethylene derivative products and favorable margins.
Westlake Chemical Partners LP announced a distribution of $0.4714 per unit payable on May 29, 2024, marking its 39th quarterly distribution since going public. The distribution is subject to federal income tax withholding for non-U.S. investors.
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