Westlake Chemical Partners Q4 results surpass expectations

LootboxPhobia · 2026-02-24T11:58:35+00:00

Westlake Chemical Partners LP announces Q4 results, with adjusted earnings of $0.41 per unit exceeding expectations, but revenue of $296 million falling short of $313 million. Full-year net profit was $48.7 million, down from last year. The stock price rose slightly in after-hours trading, and a quarterly dividend of $0.4714 was declared.

LootboxPhobia

2026-02-24 11:58:35

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Houston - On Tuesday, Westlake Chemical Partners LP (NYSE:WLKP) announced its fourth-quarter earnings exceeded profit expectations but fell short of analyst estimates for revenue.

Following the announcement, the company’s stock rose 0.65% in after-hours trading.

The partnership reported an adjusted fourth-quarter earnings per limited partner unit of $0.41, surpassing the analyst consensus of $0.40.

However, revenue of $296 million did not meet the expected $313 million. Revenue increased 14.1% year-over-year from $260 million in Q4 2024. Net income attributable to the partnership was $14.5 million, roughly unchanged from $15 million in the same period last year.

After completing Petro 1 maintenance, the partnership’s fourth-quarter coverage ratio reached 1.13x, the highest since Q4 2022.

MLP distributable cash flow was $18.8 million, up $3.8 million from Q4 2024, mainly due to timing adjustments in capital expenditures at the beginning of the year, reducing maintenance capital spending.

President and CEO Jean-Marc Gilson stated, “Thanks to solid production and sales, as well as timing adjustments in capital spending throughout the year, the partnership ended 2025 with the highest quarterly coverage ratio since Q4 2022. Looking ahead to 2026, after completing Petro 1 maintenance in 2025 and with no planned maintenance outages, production and sales are expected to increase.”

For the full year 2025, net income attributable to the partnership was $48.7 million, or $1.38 per limited partner unit, down from $62.4 million in 2024. The decline was mainly due to planned Petro 1 maintenance, which reduced production and sales.

The partnership announced a quarterly distribution of $0.4714 per unit, marking its 46th consecutive quarterly dividend, paid on February 23, 2026.

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