Westlake Corporation Declares Quarterly Dividend
Westlake Corporation declared a regular dividend distribution of $0.525 per share , which will be payable on December 12, 2024.
Westlake Corporation declared a regular dividend distribution of $0.525 per share , which will be payable on December 12, 2024.
Celebrated 10 th anniversary as a publicly traded master limited partnership having grown the quarterly distribution 71% since IPO Declared quarterly distribution of $0.4714 per unit; 41 st consecutive quarterly distribution Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2024 of $18.1 million, or $0.51 per limited partner unit, an increase of $4.9 million compared to the third quarter 2023 net income of $13.2 million. Cash flows from operating activities in the third quarter of 2024 were $126.1 million, an increase of $25.2 million compared to third quarter 2023 cash flows from operating activities of $100.9 million, due to higher net income. For the three months ended September 30, 2024, MLP distributable cash flow was $17.9 million, an increase of $4.3 million compared to third quarter 2023 MLP distributable cash flow of $13.6 million. The increase in MLP distributable cash flow and
Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced third quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) Three Months Ended September 30, 2024 Three Months Ended June 30, 2024 Three Months Ended September 30, 2023 Westlake Corporation Net sales $ 3,117 $ 3,207 $ 3,115 Income from operations $ 180 $ 406 $ 349 Net income attributable to Westlake Corporation $ 108 $ 313 $ 285 Diluted earnings per common share $ 0.83 $ 2.40 $ 2.20
$0.4714 per unit distribution declared payable on November 27, 2024 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 of $0.4714 per unit. This is the 41st quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on November 27, 2024, to unit holders of record on November 12, 2024. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. About Westlake Chemical Partners LP Westlake
Region seeks to become hotspot for bio-based building blocks for the construction industry. Over the next three years, 11 partners in West-North Brabant, led by TNO, will be working together to make green building blocks with local tree and plant residues. Westlake Epoxy plays a key role in project Consortium B4, aiming to explore the replacement of fossil fuel-based feedstock with a bio-based feedstock for the production of epoxy resins. In collaboration with consortium partners, these novel bio-based feedstocks are tested and tailored to meet the specific requirements for producing epoxy resins and ensuring the epoxy product meets customer’s product properties requirements. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241024190335/en/ (Graphic: Business Wire) From grass to glue, from sugar beet pulp to paint or from wood chips to insulation foam are examples of what the B4 project – B etter B io-based B uilding B locks