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Stock impact report

Westlake Chemical Partners LP Announces Fourth Quarter and Full Year 2020 Results

Westlake Chemical Partners LP (WLKP)  More Company Research Source: Business Wire
Last westlake chemical partners lp earnings: 2/18 06:30 am Check Earnings Report
US:NYSE Investor Relations: wlkpartners.com
PDF Record annual net income attributable to the Partnership of $66.2 millionDeclared quarterly distribution of $0.4714 per unit; 26th consecutive quarterly distribution to our unitholders HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $66.2 million, or $1.88 per limited partner unit, for full year 2020, an increase of $5.2 million compared to full year 2019. In connection with Hurricane Laura, which struck Lake Charles, Louisiana in August 2020, and Hurricane Delta, which struck the same area in October 2020, Westlake Chemical OpCo LP ("OpCo") declared force majeure events with respect to its Petro 1 and Petro 2 facilities located in Lake Charles under OpCo's ethylene sales agreement with Westlake Chemical Corporation ("Westlake Chemical"). As a result of this event, Westlake Chemical was obligated to pay OpCo the fixed margin and certain other costs associated with ethylene that OpC [Read more]
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