Westlake Chemical Partners LP (WLKP) Tops Q1 EPS by 4c, Revenues Beat

Westlake Chemical Partners LP (NYSE: WLKP) reported Q1 EPS of $0.46, $0.04 better than the analyst estimate of $0.42. Revenue for the quarter came in at $257.04 million versus the consensus estimate of $237 million.

“With the third dropdown transaction of interest in OpCo into the Partnership, coupled with strong operational and financial performance in the first quarter of 2019, we have laid the ground work for a milestone year for the Partnership. This mutually beneficial transaction demonstrates the strong, long-term alignment of the Partnership and Westlake Chemical,” said Albert Chao, President and Chief Executive Officer. “This quarter we increased our distribution for the seventeenth consecutive quarter on MLP distributable cash flow of $17.6 million. We are continuing to evaluate all opportunities available to further grow our cash flows and continue long-term distribution growth to our unitholders.”

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

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