Westlake Chemical Partners LP (WLKP) Tops Q4 EPS by 1c, Miss on Revenues

Note: EPS may not be comparable

Westlake Chemical Partners LP (NYSE: WLKP) reported Q4 EPS of $0.46, $0.01 better than the analyst estimate of $0.45. Revenue for the quarter came in at $308.65 million versus the consensus estimate of $335.9 million.

• Fourth quarter 2017 net income attributable to the Partnership of $15.5 million, or $0.46 per limited partner unit, increased by $2.1 million from third quarter 2017 net income attributable to the Partnership of $13.4 million due to increased production at all of OpCo's facilities.
• Increased quarterly cash distribution by 2.9% sequentially, or 12% compared to the fourth quarter 2016 distribution, to $0.3864 per unit, the twelfth consecutive quarterly increase in distributions
• Record quarterly net income attributable to the Partnership of $15.5 million
• Record quarterly MLP distributable cash flow of $16.8 million
• Quarterly and annual distribution coverage ratio of 1.35x and 1.24x, respectively

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

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