Westlake Chemical Partners LP Common Units (WLKP) Q4 2024 Earnings Call Transcript

For the period ending December 31, 2024

February 24, 2025 1:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon. Thank you for standing by. Welcome to the Westlake Chemical Partners Fourth Quarter and Full Year 2024 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. After the speakers' remarks, you will be invited to participate in a question-and-answer session. As a reminder this conference is being recorded today February 24, 2025.

I would now like to turn the call over to your host John Zoeller, Westlake Chemical Partners Vice President and Treasurer. Sir, you may begin.

John Zoeller

Thank you. Good afternoon, everyone and welcome to the Westlake Chemical Partners fourth quarter and full year 2024 conference call. I'm joined today by Albert Chao, our Executive Chairman; Jean-Marc Gilson, our President and CEO; Steve Bender, our Executive Vice President and Chief Financial Officer, and other members of our management team.

During this call, we refer to Westlake Partners, or the Partnership. References to Westlake refer to our parent company, Westlake Corporation, and references to OpCo refer to Westlake Chemical OpCo LP, a subsidiary of Westlake and the partnership, which owns certain olefins assets.

Additionally, when we refer to distributable cash flow, we are referring to Westlake Chemical Partners MLP distributable cash flow. Definitions of these terms are available on the Partnership's website.

Today, management is going to discuss certain topics that will contain forward-looking information that is based on management's beliefs, as well as assumptions made by and information currently available to management.

These forward-looking statements suggest predictions or expectations and thus are subject to risks or uncertainties. We encourage you to learn more about the factors that could lead our actual results to differ by reviewing the cautionary statements in our filings, which are also available on our Investor Relations website.

This morning, Westlake Partners issued a press release with details of our fourth quarter and full year 2024 financial and operating results. This document is available in the press release section of our webpage at wlkpartners.com. A replay of today's call will be available beginning two hours after the conclusion of this call. The replay can be accessed via the Partnership website.

Please note that information reported on this call speaks only as of today February 24, 2025, and therefore, you are advised that time-sensitive information may no longer be accurate as of the time of any replay.