Refile: Westlake Chemical Partners' Q2 net income dips

Westlake Chemical Partners LP

04/08/2026 11:56

Corrects to remove extraneous "Miss" next to Q2 revenue in Key Details table

Overview
U.S. ethylene producer's Q2 revenue was flat yr/yr 
Net income attributable to the partnership slipped to $14.2 mln from $14.6 mln yr/yr

Outlook
Company expects to continue providing strong returns and predictable cash flows to unitholders

Result Drivers
HIGHER PRODUCTION AND SALES VOLUME - Co said increased production and sales volume supported cash flow and distributable cash flow growth, following prior year's Petro 1 turnaround
HIGHER THIRD-PARTY ETHYLENE PRICES - Co said it benefited from higher third-party ethylene prices in the quarter

Company press release: ID:nGNX4fjndX

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$297.10 mln
 
Q2 EPS
 
$0.40
 
Q2 EBITDA
 
$122.69 mln
 
Q2 Gross Profit
 
$94.81 mln
 
Q2 Income from Operations
 
$87.31 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the commodity chemicals peer group is "buy"
Wall Street's median 12-month price target for Westlake Chemical Partners LP is $28.00, about 31.6% above its August 3 closing price of $21.27
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)