Westlake Chemical PRN ( (WLKP) ) just unveiled an update.
Westlake Chemical Partners LP has reported a strong third quarter for 2024, marking a net income increase to $18.1 million, up from $13.2 million in the same period last year. The company celebrated its 10th anniversary with a 71% growth in quarterly distribution since its IPO, declaring a distribution of $0.4714 per unit. Despite deferring maintenance to capitalize on favorable ethylene sales margins, the partnership projects stable cash flows, maintaining its commitment to consistent distributions.
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