Westlake Chemical Partners LP Reports Stable Q2 2025 Net Income, Sees Slight Decrease in Distributable Cash Flow Amid Sales Growth
Reuters
Aug 05
<a href="https://laohu8.com/S/WLKP">Westlake Chemical Partners LP</a> Reports Stable <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Net Income, Sees Slight Decrease in Distributable Cash Flow Amid Sales Growth
Westlake Chemical Partners LP reported its financial results for the second quarter of 2025, highlighting significant figures in their sales and revenue. The total net sales for the quarter were $297.1 million, a slight increase from $284.2 million in the same period in 2024. Net sales to Westlake Corporation contributed $269.1 million to this total, compared to $239.5 million in the previous year. However, sales to third parties, including net co-products and ethylene, saw a decline to $28 million from $44.6 million in the second quarter of 2024. The gross profit for the quarter decreased to $97.5 million from $101.2 million in the same period last year. For the six months ended June 30, 2025, total net sales were $534.7 million, down from $568.8 million in 2024, while the gross profit for this period also fell to $151.6 million from $203.4 million the previous year. The company anticipates an improvement in distributable cash flow and coverage ratio in the second half of 2025. The stability of sales agreements with Westlake and associated margins are expected to contribute to this improvement. Westlake Chemical Partners continues to focus on its operations involving ethylene production facilities and related assets.
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