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 (NYSE: WLKP) will announce its first quarter 2023 earnings on May 4, 2023, before market open. A conference call to discuss the results is scheduled for 1:00 p.m. Eastern Time on the same day. Investors can pre-register for the call to receive a unique PIN for audio access. The call will be available for replay via a webcast. Westlake Chemical Partners, based in Houston, operates and develops ethylene production facilities, holding a 22.8% interest in Westlake Chemical OpCo LP, which owns three ethylene production sites in Kentucky and Louisiana. More details on the earnings release will be available on their website.
Westlake Chemical Partners LP (NYSE: WLKP) filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission on March 1, 2023. This report includes complete audited financial statements, available free of charge to unitholders upon request. Westlake Chemical Partners operates and develops ethylene production facilities, owning a 22.8% interest in Westlake Chemical OpCo LP, which has facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, processing ethane and propane into ethylene. More information is available on their website.
Westlake Chemical Partners LP (NYSE: WLKP) reported a net income of $16.8 million, or $0.48 per limited partner unit, for Q4 2022, down from $29.5 million in Q4 2021. This decrease was attributed partly to a lower buyer deficiency fee and increased interest expenses. Cash flows from operating activities rose to $122.6 million, up by $100.7 million year-over-year, driven by higher production. The company declared a quarterly distribution of $0.4714 per unit, marking its 34th consecutive payment. Despite challenges like low ethylene sales margins and high interest rates, management remains optimistic for 2023, supported by stable cash flows from their agreement with Westlake.
Westlake Chemical Partners (NYSE: WLKP) announced its fourth quarter and full year 2022 earnings release scheduled for February 21, 2023, before market opening. The company will host a conference call at 1:00 PM ET to discuss the results. Interested participants must pre-register to obtain the phone number and unique PIN for the call. The earnings release will be accessible on their official website. Westlake Chemical Partners operates, acquires, and develops ethylene production facilities, owning a 22.8% interest in Westlake Chemical OpCo LP.
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