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Westlake Chemical Partners LP Announces Fourth Quarter and Full Year 2024 Results

1. Q4 net income of $15.0M aligns with prior-year results. 2. Operating cash flow increased by $24.8M, enhancing liquidity.

Earnings
-0.02%Current Return
VS
-0.88%S&P 500
$24.2202/24 06:35 AM EDTEvent Start
$24.21502/25 12:59 PM EDTLatest Updated
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FAQ

Why Bullish?

The improvement in operating cash flow suggests stronger operational efficiency and liquidity. Historically, similar cash flow enhancements have led to increased investor confidence and near-term price upticks in the chemical sector.

How important is it?

The significant rise in operating cash flow, despite steady net income, highlights operational robustness which is critical for near-term performance and investor sentiment, directly affecting WLKP's valuation.

Why Short Term?

The increased cash generation is likely to boost investor sentiment immediately. Previous quarters with such improvements have seen short-term price gains.

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WLKDD
HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the fourth quarter of 2024 of $15.0 million, or $0.43 per limited partner unit, which was relatively in line with fourth quarter 2023 net income of $14.3 million. Cash flows from operating activities in the fourth quarter of 2024 were $132.5 million, an increase of $24.8 million compared to fourth quarter 2023 cash flows from operating activities.

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