Quarterly ResultAug 4, 2026, 06:34 AM
Westlake Chemical Partners Declares $0.4714/Unit Distribution; Q2 Net Income $14.2M
AI Summary
Westlake Chemical Partners LP reported Q2 2026 net income attributable to the Partnership of $14.2 million, or $0.40 per unit, slightly below the prior year. The company declared its 48th consecutive quarterly distribution of $0.4714 per unit. Cash flows from operating activities saw a significant increase to $129.8 million, and MLP distributable cash flow also rose to $17.6 million, resulting in a 1.04x trailing twelve-month coverage ratio. Additionally, the company extended its senior unsecured revolving credit agreements to July 2031.
Key Highlights
- Declared a quarterly distribution of $0.4714 per unit, the 48th consecutive distribution.
- Net income attributable to the Partnership for Q2 2026 was $14.2 million, or $0.40 per unit.
- Cash flows from operating activities increased to $129.8 million in Q2 2026, up from $9.1 million in Q2 2025.
- MLP distributable cash flow rose to $17.6 million in Q2 2026, compared to $15.0 million in Q2 2025.
- The trailing twelve-month coverage ratio for distributions was 1.04x.
- Senior unsecured revolving credit agreements were extended to July 2031.
Price Impact
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