Westlake Chemical Partners Q2 Earnings Call Highlights

Westlake Chemical Partners (NYSE:WLKP) reported second-quarter 2026 nett income of $14 million, oregon $0.40 per unit, matching its first-quarter effect arsenic unchangeable accumulation and income volumes supported the partnership's fixed-margin concern model.

President and Chief Executive Officer Jean Marc Gilson said the partnership's Ethylene Sales Agreement with genitor institution Westlake Corporation continues to bounds vulnerability to marketplace volatility and accumulation risks. The statement provides a fixed borderline of $0.10 per lb connected 95% of the partnership's ethylene production.

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"The stableness of Westlake Partners' concern exemplary is consistently demonstrated done our fixed borderline Ethylene Sales Agreement, which minimizes marketplace volatility and different accumulation risks," Gilson said.

Cash Flow and Distribution Coverage

The concern generated distributable currency travel of $18 million, oregon $0.50 per unit, during the quarter. That was $3 cardinal higher than successful the 2nd 4th of 2025, which Chief Financial Officer John Bochert attributed to higher accumulation and income volumes arsenic good arsenic little attraction superior expenditures pursuing the Petro 1 works turnaround successful 2025.

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The trailing 12-month organisation sum ratio improved sequentially to 1.04 times from 1.0 times, reflecting the expiration of the interaction from the Petro 1 turnaround successful the archetypal fractional of 2025. Gilson said the quarterly sum ratio was 1.0 time, supported by coagulated operating rates astatine OpCo's ethylene facilities.

On Aug. 3, the concern declared a quarterly organisation of $0.4714 per portion for the 2nd quarter. The organisation is scheduled to beryllium paid Aug. 28 to unitholders of grounds arsenic of Aug. 13.