Westlake Chemical PRN ( (WLKP) ) has provided an update.
Westlake Chemical Partners LP reported a net income of $15.0 million for the fourth quarter of 2024, consistent with the previous year, and an increased cash flow from operating activities of $132.5 million. The company’s decision to defer the turnaround at its Petro 1 ethylene unit allowed it to capitalize on favorable ethylene prices, leading to improved cash flows and a stable distribution coverage ratio, although the planned maintenance in 2025 is expected to temporarily affect coverage ratios.
More about Westlake Chemical PRN
Westlake Chemical Partners LP operates in the chemical industry, primarily focusing on the production of ethylene and related products. The company is known for its stable and predictable cash flows through its ethylene sales agreement with Westlake Corporation.
YTD Price Performance: 6.69%
Average Trading Volume: 37,775
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $853.5M
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