Westlake Chemical Partners (NYSE:WLKP) Issues Earnings Results, Beats Estimates By $0.07 EPS

Westlake Chemical Partners (NYSE:WLKPGet Free Report) posted its earnings results on Monday. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07, Zacks reports. Westlake Chemical Partners had a return on equity of 7.31% and a net margin of 5.40%.

Westlake Chemical Partners Trading Up 0.1 %

Westlake Chemical Partners stock opened at $24.16 on Monday. The firm has a 50-day moving average price of $23.73 and a two-hundred day moving average price of $23.08. Westlake Chemical Partners has a 52-week low of $21.19 and a 52-week high of $24.98. The firm has a market capitalization of $851.37 million, a price-to-earnings ratio of 13.81 and a beta of 1.09. The company has a quick ratio of 4.46, a current ratio of 4.53 and a debt-to-equity ratio of 0.48.

Westlake Chemical Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a $0.4714 dividend. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Westlake Chemical Partners’s previous quarterly dividend of $0.47. This represents a $1.89 annualized dividend and a yield of 7.80%. Westlake Chemical Partners’s dividend payout ratio (DPR) is currently 107.43%.

Westlake Chemical Partners Company Profile

(Get Free Report)

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company’s ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis.

Read More

Earnings History for Westlake Chemical Partners (NYSE:WLKP)

Receive News & Ratings for Westlake Chemical Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westlake Chemical Partners and related companies with MarketBeat.com's FREE daily email newsletter.