Westlake Chemical Partners declared a $0.4714 distribution per unit, payable August 28, 2026, to record unit holders.
Quiver AI Summary
Westlake Chemical Partners GP LLC has announced a quarterly distribution of $0.4714 per unit, payable on August 28, 2026, to unit holders registered by August 13, 2026. This marks the 48th quarterly distribution for the partnership since its IPO. The press release notes that distributions to non-U.S. investors will be subject to federal income tax withholding at the highest applicable rate, in accordance with Treasury regulations. Westlake Chemical Partners operates and develops ethylene production facilities and holds a 22.8% interest in Westlake Chemical OpCo LP, which operates several processing facilities and an ethylene pipeline. Further information can be found on their website.
Potential Positives
- The declaration of a distribution of $0.4714 per unit demonstrates the Partnership's continued financial strength and commitment to returning value to its unit holders.
- This marks the 48th consecutive quarterly distribution since the initial public offering, indicating a stable and reliable performance over an extended period.
- The upcoming distribution is scheduled for August 28, 2026, providing investors with a clear timeline and enhancing predictability for financial planning.
Potential Negatives
- The distribution amount of $0.4714 per unit may indicate limited growth or profitability, potentially reflecting ongoing challenges in the market or operational performance.
- Tax implications for non-U.S. investors may discourage foreign investment, negatively impacting market perception and the Partnership's ability to attract diverse investors.
FAQ
What is the declared distribution per unit for Westlake Chemical Partners?
The declared distribution is $0.4714 per unit.
When is the distribution payable to unit holders?
The distribution is payable on August 28, 2026.
What is the record date for the distribution?
The record date for the distribution is August 13, 2026.
How many quarterly distributions has Westlake declared since its IPO?
This is the 48th quarterly distribution announced since the Partnership's initial public offering.
Are distributions to non-U.S. investors subject to taxes?
Yes, they are subject to federal income tax withholding at the highest applicable effective tax rate.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WLKP Hedge Fund Activity
We have seen 24 institutional investors add shares of $WLKP stock to their portfolio, and 22 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 104,915 shares (+17.9%) to their portfolio in Q1 2026, for an estimated $2,317,572
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- BANK OF AMERICA CORP /DE/ removed 28,801 shares (-11.2%) from their portfolio in Q1 2026, for an estimated $636,214
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- PEKIN HARDY STRAUSS, INC. added 20,386 shares (+inf%) to their portfolio in Q2 2026, for an estimated $453,792
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
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$0.4714 per unit distribution declared payable on August 28, 2026
HOUSTON, Aug. 03, 2026 (GLOBE NEWSWIRE) -- 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 48th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on August 28, 2026, to unit holders of record on August 13, 2026.
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 Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com .
Contacts
Media Inquiries:
Westlake Corp.
Ben Ederington, 1-713-585-2900
or
Investor Inquiries:
Westlake Corp.
Jonathan Baksht, 1-713-585-2900
