Price Crosses Moving Average
|Bid||18.10 x 1000|
|Ask||18.74 x 1200|
|Day's Range||18.37 - 18.94|
|52 Week Range||10.31 - 26.48|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||10.27|
|Forward Dividend & Yield||1.89 (10.62%)|
|Ex-Dividend Date||May 08, 2020|
|1y Target Est||N/A|
Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $17.7 million, or $0.50 per limited partner unit, for the three months ended March 31, 2020, an increase of $2.7 million compared to first quarter 2019 net income attributable to the Partnership of $15.0 million. The increase in net income attributable to the Partnership was primarily due to the increased production at Westlake Chemical OpCo LP ("OpCo") and higher third party sales margins. Cash flows from operating activities in the first quarter of 2020 were $111.0 million, a decrease of $2.5 million compared to first quarter 2019 cash flows from operating activities of $113.5 million. This decrease in cash flows from operating activities was primarily attributable to an increase in working capital. For the three months ended March 31, 2020, MLP distributable cash flow of $18.3 million increased by $0.7 million from first quarter 2019 MLP distributable cash flow of $17.6 million.
The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution by the Partnership of $0.4714 per unit. This is the 23rd quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on May 26, 2020, to unit holders of record on May 11, 2020.
Westlake Chemical Partners (NYSE: WLKP) will release its 2020 first quarter earnings prior to the market opening on Monday, May 4, 2020. The company will host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) on the same day to discuss the earnings release.
Westlake Chemical Partners LP (NYSE: WLKP) today announced that Mr. G. Stephen Finley has been appointed to the board of directors of its general partner, Westlake Chemical Partners GP LLC. He will replace Mr. Max L. Lukens, who previously informed the company that he would retire from the board upon the selection of his successor.
Westlake Chemical Partners LP (NYSE: WLKP) today announced the recommencement of its At-The-Market program under its Equity Distribution Agreement.
Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") announced that it filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on February 28, 2020. A copy of this 10-K may be found on the Partnership's website, www.wlkpartners.com, by selecting the "Investor Relations" tab, then "SEC 10-K Filings."
NEW YORK, NY / ACCESSWIRE / February 18, 2020 / Westlake Chemical Partners LP. (NYSE:WLKP) will be discussing their earnings results in their 2019 Fourth Quarter and Full Year Earnings call to be held ...