Westlake Chemical Partners LP (WLKP) Misses Q2 EPS by 5c, Revenues Miss

Westlake Chemical Partners LP (NYSE: WLKP) reported Q2 EPS of $0.40, $0.05 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $253.67 million versus the consensus estimate of $281.71 million.

"We are pleased with the Partnership\'s performance for the second quarter of 2018. We are benefiting from the investments made over the past few years to grow our earnings and cash flows, including adding 350 million pounds of ethylene capacity and increasing our ownership interest in OpCo in both 2015 and 2017," said Albert Chao, President and Chief Executive Officer. “The recent resetting of the distribution targets for the IDRs set the conditions for the Partnership to continue to increase distributions to unitholders through all four levers of growth available to us.”

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

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