Westlake Chemical Partners Q4 earnings surpass expectations

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

The company’s stock rose 0.65% in after-hours trading.

The partnership’s adjusted earnings per limited partner unit for the fourth quarter were $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 the fourth quarter of 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 coverage ratio in the fourth quarter reached 1.13 times, the highest level since Q4 2022.

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

President and CEO Jean-Marc Gilson stated, “Thanks to solid production and sales volumes, as well as the timing adjustments of capital expenditures throughout the year, the partnership achieved its highest quarterly coverage ratio since Q4 2022 at the end of 2025. Looking ahead to 2026, after completing Petro 1 maintenance in 2025, the partnership has no planned maintenance, which will support growth in production and sales.”

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 reduced production and sales following Petro 1 maintenance.

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

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