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… 2021 of $12.8 million, or $0.36 per limited partner unit, a decrease of $5.7 million compared to third quarter 2020 net … of 2020 in connection with Hurricanes Laura and Delta as well as the commencement of the planned turnaround of … This decrease in cash flows from operating activities was primarily due to lower earnings. For the three months ended …
… of $14.9 million. The increase in net income was a result of higher production, higher earnings on third-party sales as well as a buyer deficiency fee. The buyer deficiency fee … million. The increase in MLP distributable cash flow was primarily attributable to the higher production and resulting …
… sales of $2,025 million. The increase in net income was primarily due to the income tax rate benefit of $62 million, … from the carryback of federal net operating losses, as permitted under the CARES Act enacted in March 2020. … referred to in the preceding paragraph. "We experienced a solid first quarter in 2020 anchored by strong sales …
… with Westlake Chemical Corporation ("Westlake Chemical"). As a result of this event, Westlake Chemical was obligated to … This decrease in cash flows from operating activities was primarily due to the timing of the Force Majeure Amounts …
… Maintained quarterly distribution of $0.4714 per unit with a 1.13x trailing twelve-month distribution coverage; 25th … with ethylene that OpCo would have produced but could not as a result of this force majeure event. As a result of this … This decrease in cash flows from operating activities was primarily due to an increase in working capital. For the …
… record net income, excluding one-time tax benefits in a prior quarter, attributable to Westlake for the three … and income from operations versus the prior quarter were primarily due to higher sales prices and higher margins for … We achieved a consecutive quarter of record earnings as we continue to benefit from the global economic expansion …
… and income from operations versus the prior quarter were primarily due to higher prices for our major products, higher … all of which stem from the impact of the COVID-19 pandemic as well as the impacts of Hurricane Laura. Compared to the … reduced operating costs. Net income further benefited from a lower effective tax rate and a carryback of federal net …
… 2022 of $16.8 million, or $0.48 per limited partner unit, a decrease of $12.7 million compared to fourth quarter 2021 … buyer deficiency fee of $10 million recorded in the period as well as higher interest expense, partially offset by … and associated trailing twelve-month coverage ratio was primarily attributable to higher production and lower …
… increases in net income and income from operations were primarily driven by higher sales prices and integrated … most of our major products including polyethylene and PVC, as well as higher earnings resulting from strong demand in … income tax expense as the first quarter of 2020 included a tax benefit from the CARES Act of $62 million, or $0.48 per …
… of $4.2 billion. These results were driven by a strong macroeconomic environment in the first half of 2022 … COMMENTARY “2022 was a monumental year for Westlake as we posted record full-year sales and net income and added … income of $412 million from the fourth quarter of 2021 was primarily due to lower sales prices and negative sales mix …