Westlake Chemical Partners LP

Westlake Chemical Partners LP reported net sales of $1.17 billion for FY 2025, a 2.7% increase from $1.14 billion in FY 2024. Net income decreased by 19.1% to $298.6 million from $369.2 million, while net income attributable to the Partnership declined 22.0% to $48.7 million from $62.4 million. The increase in net sales was driven by higher ethylene sales prices to Westlake and a $5.8 million Buyer Deficiency Fee from the Petro 1 turnaround, partially offset by lower sales volumes due to that turnaround. Profitability was impacted by higher ethane feedstock and natural gas costs, resulting in a gross margin decline to 29.8% from 36.9%. MLP distributable cash flow decreased to $53.4 million from $66.9 million, and EBITDA declined to $450.0 million from $507.6 million. The company renewed its Ethylene Sales Agreement and Feedstock Supply Agreement through December 31, 2027.

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