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Westlake Chemical made $16 million last quarter and kept its payouts steady for 49 quarters in a row.

ResultsRead the original at Benzinga
Good for WLKP

Westlake Chemical Partners’ profit rose from both comparison quarters, and its $0.51-per-unit cash flow exceeded its $0.4714 payout. The payout stayed unchanged and debt was $400 million, but $113 million in cash and leverage near 1x support a positive read.

WLKP · Westlake Chemical Partners

AI read · Good for WLKP

The AI's read

Its fixed-margin ethylene sales agreement helps keep cash flow steady when prices shift. Cash flow of $0.51 per unit exceeded the $0.4714 payout. The $400 million of debt and unchanged payout temper the gains, but $113 million in cash and leverage near 1x support a positive read.

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