Westlake Chemical Partners LP Announces Third Quarter 2019 Results
Quarterly net income attributable to the Partnership of $14.9 million; MLP distributable cash flow of $20.5 million Increased quarterly cash distribution by 1.5% sequentially, or 6% annualized, compared to the second quarter 2019 distribution, to $0.4646 per unit, the 19th consecutive quarterly increase in distributions Nov. 5, 2019- Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $14.9 million, or $0.42 per limited partner unit, for the three months ended September 30, 2019, an increase of $2.5 million compared to third quarter 2018 net income attributable to the Partnership of $12.4 million. The increase in net income attributable to the Partnership was primarily due to the Partnership’s increased ownership interest in Westlake Chemical OpCo LP (“OpCo”) resulting from the acquisition of an additional 4.5% interest in OpCo in the first quarter of 2019 (the “Acquisition”), and higher production volumes. Cash