Renewal of Ethylene Sales Agreement
OpCo and Westlake agreed to renew the Ethylene Sales Agreement through the end of 2027 with no changes to the contract terms or conditions, maintaining the same pricing formula and sales volume protections.
Stable Financial Performance
The Partnership's predictable fee-based cash flow continues to prove beneficial, with 45 consecutive quarterly distributions since its IPO in 2014, growing distributions by 71% since the original minimum distribution.
Strong Balance Sheet
Westlake Partners maintains conservative financial and leverage metrics, with a consolidated leverage ratio of approximately 1x and a stable cash position of $51 million.