2023-05-04 06:36:24 ET
- Westlake Chemical Partners press release ( NYSE: WLKP ): Q1 GAAP EPS of $0.42 misses by $0.04 .
- Revenue of $307.68M (-15.1% Y/Y) misses by $86.32M .
- "We remain well positioned to deliver solid earnings and cash flows as we continue to benefit from robust production levels paired with our sales agreement with Westlake that delivers a fixed margin on 95% of our production," said Albert Chao, President and Chief Executive Officer. "As we look to the remainder of 2023, we have already sold or contracted the majority of our third-party volume at favorable prices compared to the second half of 2022, and we are excited about the strong underlying fundamentals of the Partnership and continuing to deliver a premium value and predictable cash flows to our unitholders."
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Westlake Chemical Partners GAAP EPS of $0.42 misses by $0.04, revenue of $307.68M misses by $86.32M