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Westlake Chemical PRN (WLKP)
NYSE:WLKP
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.45Last Year’s EPS
0.41Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 02, 2025
|% Change Since: -3.43%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with both consistent positive cash flow and successful completion of planned projects, but also highlighted a significant decline in net income and cash flow due to planned maintenance. The sentiment is neutral as the company maintains strong leverage metrics and consistent distributions despite facing operational challenges and market uncertainties.Company Guidance
During the Westlake Chemical Partners' first quarter 2025 earnings call, the management outlined several key financial metrics and guidance. The Partnership reported a net income of $5 million or $0.14 per unit, with consolidated net income, including OpCo's earnings, at $42 million on consolidated net sales of $238 million. Distributable cash flow for the quarter was $5 million, or $0.13 per unit, reflecting a decrease of $12 million compared to the previous year, primarily due to the planned turnaround at the Petro 1 ethylene unit. The balance sheet remained robust, with a consolidated cash balance of $154 million and long-term debt of $400 million. A quarterly distribution of $0.4714 per unit was announced, marking the 43rd consecutive quarterly distribution since the IPO in 2014, with distributions having grown 71% since inception. The Partnership maintained a cumulative distribution coverage ratio of approximately 1.1 times, with no further planned turnarounds in 2025 or 2026. Despite global trade tensions, the Partnership's financial performance is supported by a fee-based cash flow structure from a take-or-pay contract that covers 95% of OpCo’s production.Consistent Cash Flow and Distributions
The partnership reported its 43rd consecutive quarterly distribution since its IPO in July 2014, with a 71% growth in distributions from the original minimum quarterly distribution. The partnership's predictable fee-based cash flow continues to prove beneficial, with a cumulative distribution coverage ratio of approximately 1.1 times since the IPO.
Successful Completion of Petro 1 Turnaround
The planned turnaround at the Petro 1 ethylene unit was successfully completed, positioning the company for solid production levels in the future, with no further planned turnarounds in 2025 or 2026.
Strong Leverage Metrics
The company maintained strong leverage metrics with a consolidated leverage ratio of approximately 1x and a consolidated cash balance and cash investments totaling $154 million.
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WLKP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WLKP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 02, 2025 | $23.32 | $22.80 | -2.23% |
Feb 24, 2025 | $23.74 | $23.93 | +0.80% |
Nov 05, 2024 | $21.15 | $21.14 | -0.05% |
Aug 06, 2024 | $20.94 | $21.21 | +1.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Westlake Chemical PRN (WLKP) report earnings?
Westlake Chemical PRN (WLKP) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Westlake Chemical PRN (WLKP) earnings time?
Westlake Chemical PRN (WLKP) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WLKP EPS forecast?
WLKP EPS forecast for the fiscal quarter 2025 (Q2) is 0.45.
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