Westlake Chemical Partners LP Announces Third Quarter 2026 Results
Key Highlights
- ➤Q3 net income $16.2 million, up from $14.7 million year over year
- ➤Operating cash flow $122.2 million, up $17.0 million year over year
- ➤MLP distributable cash flow $18.0 million, up $3.1 million year over year
- ➤Trailing-twelve-month coverage ratio 1.09x, above 1.04x in Q2
- ➤Quarterly distribution $0.4714 per unit, marking the 49th consecutive distribution
Expert Statements
Jean-Marc Gilson, President and Chief Executive Officer of Westlake Chemical Partners LP
“We were pleased with the Partnership's performance in the third quarter of 2026, with net income, EBITDA and MLP distributable cash flow all increasing from the second quarter. Looking forward, we expect our earnings and cash flows to continue to benefit from the stability provided by our ethylene sales agreement with Westlake.”
* Declared quarterly distribution of $0.4714 per unit; 49(th) consecutive quarterly distribution HOUSTON, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2026 of $16.2 million, or $0.46 per limited partner unit, which was higher than third quarter of 2025 net income attributable to the Partnership of $14.7 million. Cash flows from operating activities in the third quarter of 2026 were $122.2 million, an increase of $17.0 million compared to third quarter 2025 cash flows from operating activities of $105.2 million, primarily due to more favorable changes in working capital. For the three months ended September 30, 2026, MLP distributable cash flow was $18.0 million, an increase of $3.1 million compared to third quarter 2025 MLP distributable cash flow of $14.9 million. The increase in MLP distributable cash flow and associated trailing twelve-month coverage ratio of 1.09x was primarily due to lower maintenance capital expenditures and higher sales volume.
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