Westlake Chemical Partners LP (WLKP) Tops Q3 EPS by 3c, Miss on Revenues

Westlake Chemical Partners LP (NYSE: WLKP) reported Q3 EPS of $0.47, $0.03 better than the analyst estimate of $0.44. Revenue for the quarter came in at $296.78 million versus the consensus estimate of $394.13 million.

• Increased quarterly cash distribution by 2.9% sequentially, or 12% annually, to $0.3756 per unit, the eleventh consecutive quarterly increase in distributions
• Acquired an additional 5% interest in Westlake Chemical OpCo LP (“OpCo”) and concluded $113.9 million follow-on equity offering
• Record quarterly net income attributable to the Partnership of $13.4 million, or $0.47 per unit
• Record quarterly MLP distributable cash flow of $15.5 million

For earnings history and earnings-related data on Westlake Chemical Partners LP (WLKP) click here.

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