Westlake Chemical Partners LP (NYSE:WLKP) is reporting third quarter financial results on Tuesday 3rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, WLKP is expected to report 3Q20 income of $ 0.46 per share from revenue of $ 262.02 million.
For the full year, analysts anticipate top line of $ 1043.48 million, while looking forward to income of $ 1.91 per share bottom line.
Previous Quarter Performance
Westlake Chemical Partners LP announced income for the second quarter of $ 0.43 per share, from the revenue of $ 238.50 million. The consensus estimates are income of $ 0.47 per share from $ 284.93 million in revenue. The bottom line results missed street analysts by $ 0.04 or 8.51 percent, at the same time, top line results fell short of analysts by $ 46.43 million or 16.3 percent.
Stock Performance
Shares of Westlake Chemical Partners LP traded low $ -0.04 or -0.22 percent on Monday, reaching $ 18.08 with volume of 50.40 thousand shares. Westlake Chemical Partners LP has traded high as $ 18.84 and has cracked $ 18.08 on the downward trend
The closing price of $ 18.08, representing a 75.75 % increase from the 52 week low of $ 10.31 and a 31.57 % decrease over the 52 week high of $ 26.48.
The company has a market capital of $ 636.32 million and is part of the Basic Materials sector and Chemicals industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.4714 per share on July 31, 2020. The dividend were payable on August 24, 2020 to holders of record as of the close of business on August 10, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Westlake Chemical Partners LP will be hosting a conference call at 1:00 PM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wlkpartners.com
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The companys ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on a spot or contract basis.
