Westlake Chemical Partners LP Announces First Quarter 2020 Distribution
$0.4714 cents per unit distribution declared payable on May 26, 2020 Apr. 30, 2020- The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution by the Partnership of $0.4714 per unit. This is the 23rd quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on May 26, 2020, to unit holders of record on May 11, 2020. “The strength of the Partnership’s stable and predictable cash flows from 95% of its production at a fixed margin insulated from commodify price risk to its investment grade parent provides flexibility in the uncertain current economic environment caused by COVID-19,” stated Albert Chao, President and Chief Executive Officer of Westlake Chemical Partners GP LLC. “This allows us to maintain our distribution at our prior quarter level to build cash and avoid creating any capital market needs in the