Westlake Chemical Partners LP Q4 2025 Earnings Call Summary

The partnership's financial stability is anchored by a fixed-margin ethylene sales agreement covering 95% of annual production, which insulates cash flows from market volatility. Full-year 2025 net income and distributable cash flow declines were primarily driven by lower production volumes resulting from the planned Petro 1 turnaround. Management successfully renewed the ethylene sales agreement with Westlake through 2027 under identical terms, reinforcing the strategic importance of OpCo's supply to ...