Quarterly ResultAug 5, 2026, 02:33 PM
Westlake Chemical Partners H1 Net Income $28.4M; Q2 EPS $0.40
AI Summary
Westlake Chemical Partners LP reported mixed results for Q2 2026, with net income attributable to limited partners slightly decreasing to $14.24 million from $14.56 million YoY, while total net sales remained flat at $297.10 million. However, the first half of 2026 showed strong growth, with net income attributable to limited partners increasing to $28.41 million and total net sales rising to $602.78 million. The company declared a quarterly cash distribution of $0.4714 per common unit and saw a significant increase in net cash provided by operating activities for the six-month period.
Key Highlights
- Net income attributable to LP for H1 2026 was $28.41 million, up from $19.51 million YoY.
- Total net sales for H1 2026 reached $602.78 million, an increase from $534.75 million YoY.
- Diluted EPS for H1 2026 was $0.81, up from $0.55 YoY.
- Net cash provided by operating activities for H1 2026 surged to $240.05 million.
- Quarterly cash distribution of $0.4714 per common unit declared.
- Westlake Corporation accounted for 80.1% of Q2 2026 net sales.
- Long-term debt payable to Westlake remained at $399.67 million.
Price Impact
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