Westlake Chemical Partners LP (WLKP) Set to Announce Quarterly Earnings on Tuesday

Westlake Chemical Partners LP (NYSE:WLKP) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

Westlake Chemical Partners (NYSE:WLKP) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). The company had revenue of $290.11 million for the quarter, compared to the consensus estimate of $381.59 million. Westlake Chemical Partners had a return on equity of 4.34% and a net margin of 3.60%. Westlake Chemical Partners’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. On average, analysts expect Westlake Chemical Partners to post $16.43 EPS for the current fiscal year and $15.35 EPS for the next fiscal year.

Westlake Chemical Partners LP (NYSE:WLKP) opened at 22.45 on Tuesday. The company has a market cap of $607.47 million, a PE ratio of 15.80 and a beta of 1.22. The stock’s 50 day moving average is $23.01 and its 200-day moving average is $24.09. Westlake Chemical Partners LP has a 52-week low of $19.25 and a 52-week high of $26.25.

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Westlake Chemical Partners Company Profile

Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen.

Earnings History for Westlake Chemical Partners (NYSE:WLKP)

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