Westlake Chemical PRN Reports Q1 2025 Income Decline

Westlake Chemical PRN ( (WLKP) ) has provided an announcement.

Westlake Chemical Partners LP announced its first quarter 2025 results, reporting a net income of $4.9 million, a significant decrease from the previous year’s $14.8 million. The decline in income and cash flow was attributed to a planned turnaround at the Petro 1 ethylene facility, which resulted in lower production and sales volumes. Despite the downturn, the company declared a quarterly distribution of $0.4714 per unit, marking the 43rd consecutive distribution. The turnaround, completed in early April, is expected to stabilize future cash flows and improve the coverage ratio, with no further turnarounds planned for several years.

Spark’s Take on WLKP Stock

According to Spark, TipRanks’ AI Analyst, WLKP is a Outperform.

Westlake Chemical PRN’s overall score is driven by its strong financial performance, characterized by profitability and a solid balance sheet. Technical indicators show a mixed outlook, with potential downward momentum. Valuation is fair, supported by a solid dividend yield. The positive sentiment from the earnings call is slightly offset by temporary distribution concerns. Overall, the company is well-positioned for stability with moderate growth potential in the chemicals industry.

To see Spark’s full report on WLKP stock, click here.

More about Westlake Chemical PRN

Westlake Chemical Partners LP is a limited partnership formed by Westlake Corporation, focusing on operating, acquiring, and developing ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP, which operates three ethylene production facilities located in Calvert City, Kentucky, and Lake Charles.

YTD Price Performance: 4.85%

Average Trading Volume: 35,815

Technical Sentiment Signal: Strong Sell

Current Market Cap: $838.7M

See more insights into WLKP stock on TipRanks’ Stock Analysis page.