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Westlake Chemical Partners LP (WLKP)
:WLKP
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.42Last Year’s EPS
0.41Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 8.18%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with increased net income and distributable cash flow, strategic management decisions, and a decade of growth as a publicly traded entity. However, there was a note of caution regarding decreased ethylene sales prices and margins in the fourth quarter, although the impact is expected to be minimal.Company Guidance
During the third quarter 2024 earnings call for Westlake Chemical Partners (WLKP), management provided guidance indicating that the company achieved a net income of $18 million, equating to $0.51 per unit, which was a $5 million increase compared to the third quarter of 2023. The Partnership's consolidated net income, including OpCo's earnings, was $104 million on net sales of $277 million. Distributable cash flow was reported at $18 million, reflecting a $4 million increase year-over-year. The company strategically deferred the turnaround at its Petro 1 ethylene unit to the first quarter of 2025 to capitalize on improved ethylene sales prices and margins, resulting in the highest quarterly distributable cash flow since 2022. The Partnership announced a third-quarter distribution of $0.4714 per unit, to be paid on November 27, 2024. With a consolidated cash balance of $170 million and long-term debt of $400 million, the company maintained a leverage ratio below 1x.Increase in Net Income
Westlake Partners reported a third quarter 2024 net income of $18 million, which was $5 million higher than the third quarter of 2023.
Highest Quarterly Distributable Cash Flow Since 2022
The Partnership generated its highest quarterly distributable cash flow since 2022, benefiting from higher third-party ethylene sales prices and margins.
10th Anniversary as a Publicly Traded MLP
Westlake Partners celebrated its 10th year as a publicly traded master limited partnership with a 71% growth in quarterly distribution since its IPO in 2014.
Strong Leverage Metrics
Westlake Partners maintained a consolidated leverage ratio below 1x and has a consolidated cash balance of $170 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 |
|---|---|---|---|
| Nov 05, 2024 | $22.00 | $21.99 | -0.05% |
| Aug 06, 2024 | $21.78 | $22.06 | +1.29% |
| May 01, 2024 | $20.52 | $20.62 | +0.49% |
| Feb 20, 2024 | $20.95 | $20.58 | -1.77% |
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 Partners LP (WLKP) report earnings?
Westlake Chemical Partners LP (WLKP) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Westlake Chemical Partners LP (WLKP) earnings time?
Westlake Chemical Partners LP (WLKP) earnings time is at Feb 25, 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 2024 (Q4) is 0.42.
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