|Over a month ago|
Westlake Chemical Partners reports Q2 EPS 71c, consensus 54c » 06:3708/0308/03/21
Reports Q2 revenue…
Reports Q2 revenue $322.23M consensus $298.44M. "The Partnership had a record Q2 driven by the strong consumer markets for PVC construction materials and polyethylene packaging, which drove the resulting demand for ethylene. The strong demand for ethylene and the resulting robust pricing environment drove higher margins in our Q2 third-party ethylene sales," said Albert Chao, President and CEO.
Westlake Chemical Partners upgraded to Buy from Underperform at BofA » 06:1507/1607/16/21
BofA analyst Steve Byrne…
BofA analyst Steve Byrne upgraded Westlake Chemical Partners to Buy from Underperform with a $27 price target.
|Over a quarter ago|
Goldman Sachs to hold a virtual conference » 09:5005/1705/17/21
NCLH, MPLN, EGO, CCOI, PENN, TALO, STAR, PLTK, UAL, VICI, BHC, RRD, CLF, CCL, CDE, WLKP, TTMI, PARR, HOLX
6th Annual Credit &…
6th Annual Credit & Leveraged Finance Virtual Conference will be held on May 17 with company presentations to begin at 10:15 am. Webcast Link
Westlake Chemical Partners price target raised to $30 from $26 at Deutsche Bank » 07:2605/0605/06/21
Deutsche Bank analyst…
Deutsche Bank analyst David Begleiter raised the firm's price target on Westlake Chemical Partners to $30 from $26 and reiterates a Buy rating on the shares following the Q1 results. The company's "unique" business model continues to demonstrate an ability to provide stable value to unitholders over the long-term, Begleiter tells investors in a research note.
Westlake Chemical Partners reports Q1 EPS 43c, consensus 52c » 06:4605/0405/04/21
Reports Q1 revenue…
Reports Q1 revenue $268.21, consensus $295.78M. "The Partnership had a solid start to 2021 driven by robust demand from downstream ethylene derivative products and a strong pricing environment for our third-party ethylene sales. The severe winter weather led to unplanned production outages at our facilities in Louisiana and Kentucky. Due to the dedication of our employees at these facilities, we were able to quickly resume operations. The protective provisions of our long-term Ethylene Sales Agreement with Westlake Chemical continued to prove beneficial and minimized the impact on the Partnership of the disruptions to our operations," said Albert Chao, President and CEO. "Our long-term ethylene sales agreement with Westlake Chemical enabled us to continue to deliver reliable earnings and cash flows for the quarter, which provided us the ability to deliver ratable distributions to our unitholders."
Westlake Chemical Partners downgraded to Neutral from Buy at UBS » 06:1603/1803/18/21
UBS analyst Shneur…
UBS analyst Shneur Gershuni downgraded Westlake Chemical Partners to Neutral from Buy with a price target of $25, up from $23. Global demand is recovery from the pandemic pull-back and the recent strength in the spot ethylene market conditions has stabilized enough to resume the company's growth strategy, the analyst tells investors in a research note. Gershuni adds however that despite the clearer visibility on market stability, Westlake Chemical's near-term growth potential has been reflected in its valuation.
Westlake Chemical Partners price target raised to $26 from $22 at Deutsche Bank » 07:2602/2402/24/21
Deutsche Bank analyst…
Deutsche Bank analyst David Begleiter raised the firm's price target on Westlake Chemical Partners to $26 from $22 and reiterates a Buy rating on the shares following the company's Q4 results. With the "four levers of distribution growth intact," the analyst expects Westlake Chemical Partners to raise equity capital once markets further improve and restart its distribution growth engine.
Westlake Chemical Partners reports Q4 EPS 43c, consensus 51c » 06:3302/2302/23/21
Reports Q4 revenue…
Reports Q4 revenue $228.2M, consensus $281.1M.
Westlake Chemical Partners reports Q3 EPS 53c, consensus 46c » 06:3711/0311/03/20
Reports Q3 revenue…
Reports Q3 revenue $231.97M, consensus $262.02M.