Every 8-K that Westlake Chem Partners Lp (WLKP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow WLKP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WLKP filings page.
Westlake Chemical Partners LP (WLKP) reported a leadership change in its accounting function. On August 31, 2026, Tommy E. Darby, age 45, was appointed Vice President, Chief Accounting Officer of Westlake Chemical Partners GP LLC, the general partner of the partnership, effective immediately. On the same date, he was also appointed Vice President, Chief Accounting Officer of Westlake Corporation, the indirect parent of the general partner. Darby brings prior senior accounting and controller experience from Pactiv Evergreen Inc. (now Novolex), Valaris plc (now Valaris Limited), and Deloitte LLP, and is a Certified Public Accountant. He succeeds Jeffrey A. Holy, who will transition to Vice President, Finance and Investor Relations of the general partner, effective concurrent with Darby’s appointment.
Westlake Chemical Partners LP reported second quarter 2026 net income attributable to the Partnership of $14.2 million, or $0.40 per limited partner unit, slightly below $14.6 million a year earlier. EBITDA for the quarter was $122.7 million.
Cash flows from operating activities were $129.8 million, an increase of $120.7 million from $9.1 million in second quarter 2025, driven by higher production and sales volume and lower maintenance capital expenditures following the prior year’s Petro 1 turnaround. MLP distributable cash flow was $17.6 million, up from $15.0 million, giving a trailing twelve-month coverage ratio of 1.04x.
The board approved a quarterly distribution of $0.4714 per common unit, payable August 28, 2026 to unitholders of record on August 13, 2026, marking the 48th consecutive quarterly distribution. The Partnership and OpCo also amended their senior unsecured revolving credit agreements with Westlake Corporation, extending maturities to July 2031.
Westlake Chemical Partners LP reported sharply improved first quarter 2026 results. Net income attributable to the Partnership rose to $14.2 million, or $0.40 per limited partner unit, compared to $4.9 million, or $0.14 per unit, in first quarter 2025.
Cash flows from operating activities increased to $110.2 million from $45.8 million a year earlier, driven by higher production and sales volume following the prior year's Petro 1 turnaround. MLP distributable cash flow grew to $17.9 million from $4.7 million.
The Partnership declared a quarterly distribution of $0.4714 per unit, its 47th consecutive quarterly distribution, with a first quarter 2026 coverage ratio of 1.08x and trailing twelve‑month coverage of 1.00x, up from 0.82x at the end of fourth quarter 2025.
Westlake Chemical Partners LP appointed Jonathan H. Baksht, age 51, as Senior Vice President and Chief Financial Officer and as a director of its general partner, effective June 15, 2026. He will also serve as Senior Vice President and Chief Financial Officer of Westlake Corporation, the indirect parent company.
M. Steven Bender, currently Executive Vice President and Chief Financial Officer of the general partner, will retire from the Board of Directors on June 15, 2026 and move into a Special Advisor role to the President, ahead of his previously disclosed retirement by year-end. This reflects a planned leadership transition rather than an abrupt change.
Mr. Baksht brings extensive financial leadership experience, having served as Executive Vice President and Chief Financial Officer of Fortune Brands Innovations, Inc., Chief Financial Officer of Pactiv Evergreen Inc., and Chief Financial Officer of Valaris Limited. The partnership also notes that there are no related-party transactions or family relationships requiring additional disclosure.
Westlake Chemical Partners LP reported softer results for 2025, mainly due to its planned Petro 1 turnaround. Fourth-quarter 2025 net income attributable to the Partnership was $14.5 million, or $0.41 per unit, slightly below $15.0 million a year earlier, while operating cash flow fell to $120.4 million from $132.5 million. However, MLP distributable cash flow rose to $18.8 million, giving a strong quarterly coverage ratio of 1.13x.
For full year 2025, net income attributable to the Partnership declined to $48.7 million from $62.4 million, and operating cash flow dropped to $280.5 million from $485.0 million, reflecting turnaround costs and lower volumes. Full-year MLP distributable cash flow was $53.4 million, down from $66.9 million. The Partnership declared a quarterly distribution of $0.4714 per unit, its 46th consecutive payout, and expects higher production and an improved coverage ratio in 2026 with no planned turnarounds.
Westlake Chemical Partners LP announced that M. Steven Bender plans to retire as Executive Vice President and Chief Financial Officer of its general partner and from the general partner’s Board of Directors. His retirement will be effective upon the appointment of his successor as chief financial officer.
The company states that Mr. Bender’s decision to retire was not the result of any disagreement with Westlake Chemical Partners GP LLC or Westlake Chemical Partners LP.
Westlake Chemical Partners LP renewed its Ethylene Sales Agreement and Feedstock Supply Agreement with Westlake Corporation, extending them through December 31, 2027. The contracts include an initial term through December 31, 2026 and automatic 12‑month renewals, with termination permitted at the end of the initial or any renewal term on not less than 12 months’ notice.
Related amendments align the Services and Secondment Agreement’s term with the ethylene contract and provide that the Omnibus Agreement will terminate upon termination of the Ethylene Sales Agreement. The Omnibus amendment also addresses procedural requirements tied to Westlake’s indemnity obligations, including environmental and tax matters. The partnership furnished a Q3 2025 results press release and separate materials discussing the renewal.