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.
The Board of Directors of Westlake Chemical Partners GP LLC has declared a quarterly distribution of $0.4714 per unit, payable on February 16, 2023, to unit holders on record as of February 2, 2023. This marks the 34th quarterly distribution since the Partnership's IPO. Non-U.S. investors should note that the distributions are subject to federal income tax withholding at the highest rate, as they are considered as effectively connected income with a U.S. trade or business.
Westlake Chemical Partners operates ethylene production facilities and owns a 22.8% interest in Westlake Chemical OpCo LP, which has assets in Kentucky and Louisiana.
Westlake Chemical Partners LP (NYSE: WLKP) declared a quarterly distribution of $0.4714 per unit, marking its 33rd consecutive distribution. In Q3 2022, the Partnership reported a net income of $14.8 million, up from $12.8 million in Q3 2021. However, Q3 income decreased from $16.4 million in Q2 2022 due to lower production and third-party revenues. Cash flow from operations rose to $115.5 million, while MLP distributable cash flow increased to $16.7 million. The sales agreement with Westlake ensures stable cash flows, with 95% of production sold at fixed margins.
Westlake Chemical Partners GP LLC has declared a distribution of $0.4714 per unit, marking the 33rd quarterly distribution since its IPO. This distribution will be payable on November 28, 2022, to unit holders of record on November 10, 2022. The distribution is subject to federal income tax withholding for non-U.S. investors. Westlake Chemical Partners LP operates ethylene production facilities and owns a 22.8% interest in Westlake Chemical OpCo LP, which includes facilities in Kentucky and Louisiana.
Westlake Chemical Partners (NYSE: WLKP) is set to announce its third quarter 2022 earnings on November 3, 2022, before the market opens. The company will host a conference call at 1:00 p.m. Eastern Time to discuss earnings results. Interested participants must pre-register to access the call. Westlake Chemical Partners specializes in the operation and development of ethylene production facilities, holding a 22.8% interest in Westlake Chemical OpCo LP, which operates three production facilities in Kentucky and Louisiana.
Westlake Chemical Partners (NYSE: WLKP) has released information regarding the 2021 investor tax reporting, noting that a new Schedule K-3 will be used to report items of international tax relevance. This is particularly important for foreign unitholders and those with U.S. international reporting obligations. The Partnership affirms that all income is effectively connected to a U.S. trade or business. The Schedule K-3 for tax year 2021 is now available online and is recommended for review by unitholders for tax return completion.
Westlake Chemical Partners LP (NYSE: WLKP) declared a quarterly distribution of $0.4714 per unit, marking its 32nd consecutive distribution. For Q2 2022, net income was $16.4 million, a decrease of $8.7 million from Q2 2021. Cash flows from operating activities also fell to $120.9 million, down $10.8 million year-over-year. MLP distributable cash flow was $19.6 million, a decrease from $25.5 million in Q2 2021. Despite these declines, the partnership maintains strong production volumes and a stable sales agreement with Westlake, ensuring predictable cash flows and solid returns for unitholders.
The Board of Directors of Westlake Chemical Partners has declared a quarterly distribution of
Westlake Chemical Partners (NYSE: WLKP) is set to release its second quarter 2022 earnings on August 2, 2022, prior to the market opening. A conference call will be held at 1:00 p.m. Eastern Time to discuss the earnings. Interested participants must pre-register to access the call via phone, with details available on their website. The call will also be accessible via webcast. Westlake Chemical Partners focuses on operating, acquiring, and developing ethylene production facilities, holding a 22.8% interest in Westlake Chemical OpCo LP, which operates three facilities in Kentucky and Louisiana.
Westlake Chemical Partners LP (NYSE: WLKP) reported net income of $16.2 million or $0.46 per unit for Q1 2022, a $1.1 million increase from Q1 2021. This growth stemmed from robust production volumes and solid margins on third-party sales. However, cash flows from operations decreased to $104.8 million due to payment timing. The partnership also declared a quarterly distribution of $0.4714 per unit, marking the 31st consecutive distribution. MLP distributable cash flow increased to $19.3 million, providing a coverage ratio of 1.10x for declared distributions.
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