Westlake Chemical Partners posts Q3 2026 net income of $16.2 million and EPS of $0.46
Westlake Chemical Partners reported third‑quarter 2026 revenue of $314.5 million, a 1.8% year‑over‑year increase. Net income rose 10.7% to $16.2 million and diluted earnings per unit climbed to $0.46 from $0.42. Distributable cash flow reached $18 million, giving a trailing‑12‑month coverage ratio of 1.09 times. The partnership highlighted higher production and sales volumes as the main drivers.
Why it matters
Management said the higher coverage ratio supports the continuation of the quarterly distribution of $0.4714 per unit (the 49th consecutive payout) (source). The stronger cash flow and earnings may reinforce investor confidence in the partnership’s stable, fee‑based model.
Key facts
- 1Q3 2026 revenue was $314.5 million, up 1.8% YoY. tradingview.com
- 2Net income attributable to the partnership was $16.2 million, up 10.7% YoY. tradingview.com
- 3Diluted earnings per common unit were $0.46, up from $0.42. tradingview.com
- 4Nine‑month net sales increased 8.7% to $917.2 million. tradingview.com
- 5Distributable cash flow for the quarter was $18 million. finance.yahoo.com
- 6Trailing 12‑month distribution coverage ratio improved to 1.09×. finance.yahoo.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.