Westlake Chemical Partners LP

Westlake Chemical Partners LP announced that it will release its second quarter 2026 earnings before market open on Tuesday, August 4, 2026. The company will host a conference call on the same day at 1:00 p.m. Eastern Time to discuss the results. Interested parties can pre-register for the call or access the webcast and earnings release online.

Westlake Chemical Partners LP provided an overview of its business structure and revenue generation model in its latest 10-Q filing. The Partnership's sole revenue-generating asset is its 22.8% limited partner interest in OpCo, which operates ethylene production facilities. Revenue is primarily generated through a long-term, fee-based Ethylene Sales Agreement with Westlake Corporation, including a fixed margin of $0.10 per pound and a minimum purchase commitment.

Westlake Chemical Partners LP reported strong first quarter 2026 results, with net income attributable to the Partnership increasing to $14.2 million, or $0.40 per limited partner unit, significantly up from $4.9 million, or $0.14 per unit, in Q1 2025. Cash flows from operating activities and MLP distributable cash flow also saw substantial year-over-year increases, driven by higher production and sales volume following the prior year's Petro 1 turnaround. The Partnership declared its 47th consecutive quarterly distribution of $0.4714 per unit and achieved a coverage ratio of 1.08x for the quarter, benefiting from accelerated global demand for North American chemicals and polymers.

Westlake Chemical Partners LP announced the appointment of Jonathan H. Baksht, age 51, as Senior Vice President and Chief Financial Officer, and as a director of its general partner, effective June 15, 2026. Mr. Baksht will succeed M. Steven Bender, who will retire from the Board and transition to the role of Special Advisor to the President of the General Partner on the same date. Baksht also assumes the SVP and CFO role at Westlake Corporation, the indirect parent company.