2023-08-03 06:43:16 ET
- Westlake Chemical Partners press release ( NYSE: WLKP ): Q2 GAAP EPS of $0.34 misses by $0.02 .
- Revenue of $264.18M (-41.1% Y/Y) misses by $87.84M .
- Cash flows from operating activities in the second quarter of 2023 were $98.5 million, a decrease of $22.4 million compared to second quarter 2022 cash flows from operating activities of $120.9 million.
- "Looking forward, we expect distributable cash flow to improve in the second half of 2023 from second quarter levels now that our maintenance work is behind us. We remain excited about the strong underlying fundamentals of the Partnership and the stability provided to our financial results by our ethylene sales agreement that provides a fixed margin on 95% of our production."
For further details see:
Westlake Chemical Partners misses Q2 top and bottom line estimates