Westlake Chemical Partners (NYSE: WLKP) declared a quarterly distribution of $0.4714 per unit, its 48th since the IPO. The cash distribution is payable on August 28, 2026 to unitholders of record as of August 13, 2026. The notice also clarifies U.S. tax withholding treatment for non-U.S. investors.
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Quarterly distribution of $0.4714 per unit declared
48th consecutive quarterly distribution since the IPO, signaling ongoing cash returns
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Distributions to non-U.S. investors subject to U.S. federal income tax withholding at the highest applicable effective rate
$0.4714 per unit distribution declared payable on August 28, 2026
HOUSTON, Aug. 03, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 48th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on August 28, 2026, to unit holders of record on August 13, 2026.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.
Contacts
Media Inquiries: Westlake Corp. Ben Ederington, 1-713-585-2900
or
Investor Inquiries: Westlake Corp. Jonathan Baksht, 1-713-585-2900
FAQ
What distribution did Westlake Chemical Partners (WLKP) declare for the second quarter of 2026?
Westlake Chemical Partners declared a quarterly distribution of $0.4714 per WLKP unit for the second quarter of 2026. According to the company, this marks its 48th quarterly distribution to unitholders since its initial public offering.
When will WLKP’s second quarter 2026 distribution be paid to unitholders?
The WLKP second quarter 2026 distribution will be paid on August 28, 2026. According to Westlake Chemical Partners, unitholders of record as of August 13, 2026 will be eligible to receive this cash distribution.
What is the record date for Westlake Chemical Partners (WLKP) Q2 2026 distribution?
The record date for the WLKP Q2 2026 distribution is August 13, 2026. According to Westlake Chemical Partners, investors holding units on that date will receive the $0.4714 per unit cash distribution on August 28, 2026.
How are WLKP’s 2026 distributions taxed for non-U.S. investors?
WLKP distributions to non-U.S. investors are treated as effectively connected U.S. trade or business income. According to Westlake Chemical Partners, brokers and nominees must withhold U.S. federal income tax at the highest applicable effective tax rate on these distributions.
What does the qualified notice under Treasury Regulation 1.1446-4(b) mean for WLKP unitholders?
The qualified notice confirms WLKP distributions are effectively connected income for non-U.S. investors. According to Westlake Chemical Partners, this requires withholding U.S. federal income tax at the highest applicable effective rate on distributions paid to non-U.S. unitholders.
