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AlwaysFree: Q1 2020 Results Reported By Westlake Chemical

Author: SSESSMENTS

For Q1 2020, net income attributable to the Partnership of $17.7 million ($0.50 per limited partner unit) reported by Westlake Chemical Partners LP. Compared to net income attributable to the Partnership of $15.0 million in the first three months of 2019, the reported net income is an increase of $2.7 million.

Cash flows from operating activities in Q1 2020 were $111.0 million, a decrease of $2.5 million compared to Q1 2019 cash flows from operating activities of $113.5 million. 

From Q1 2019 MLP distributable cash flow of $17.6 million, MLP distributable cash flow of $18.3 million increased by $0.7 million in Q1 2020. From Q4 2019 net income attributable to the Partnership of $17.4 million, net income attributable to the Partnership of $17.7 million increased by $0.3 million in Q1 2020. 

Compared to Q4 2019 cash flows from operating activities of $115.7 million, Q1 2020 cash flows from operating activities of $111.0 million decreased by $4.7 million, primarily due to an increase in working capital. Compared to MLP distributable cash flow of $18.8 million in Q4 2019, MLP distributable cash flow of $18.3 million decreased by $0.5 million in Q1 2020.

Tags: All Chemicals,AlwaysFree,English,US

Published on May 5, 2020 3:13 PM (GMT+8)
Last Updated on May 5, 2020 3:13 PM (GMT+8)