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BMO Capital Lifts LyondellBasell (LYB) Target to $38, Says Dividend Cut May Not Be Enough
Yahoo Finance· 2026-02-26 02:21
LyondellBasell Industries N.V. (NYSE:LYB) is included among the 14 Best Affordable Dividend Stocks to Buy According to Analysts. BMO Capital Lifts LyondellBasell (LYB) Target to $38, Says Dividend Cut May Not Be Enough On February 23, BMO Capital raised its price recommendation on LyondellBasell Industries N.V. (NYSE:LYB) to $38 from $36. It reiterated an Underperform rating on the stock. The analyst said management went ahead with the long-expected dividend cut to help steady the balance sheet. Even aft ...
14 Best Affordable Dividend Stocks to Buy According to Analysts
Insider Monkey· 2026-02-25 22:44
In this article, we will take a look at the 14 Best Affordable Dividend Stocks to Buy According to Analysts.According to a report from Franklin Templeton, dividends have played a much larger role in investor returns than many people realize. From 1960 through the end of last year, about 85% of the S&P 500 Index’s total cumulative return came from reinvested dividends and the effects of compounding.This highlights why dividend-focused strategies remain important. They can offer more stability, a steady incom ...
FutureFuel to Release Year End 2025 Financial Results on March 16, 2026
Globenewswire· 2026-02-25 21:10
BATESVILLE, Ark., Feb. 25, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, announced today that it will release its year-end 2025 financial results after market close on Monday, March 16, 2026. About FutureFuel FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products. In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers ...
Westlake Chemical Partners Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-25 12:48
Bender reported fourth-quarter distributable cash flow of $19 million , or $0.53 per unit . He said distributable cash flow increased by $4 million versus the prior-year quarter primarily due to lower maintenance capital expenditures, which he attributed to a shift in the timing of those cash flows to earlier in the year.Executive Vice President and CFO Steve Bender said fourth-quarter 2025 net income attributable to the partnership was $15 million , or $0.41 per unit , which he said was in line with the fo ...
Westlake Chemical Partners LP Q4 2025 Earnings Call Summary
Yahoo Finance· 2026-02-24 21:33
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 ...
Westlake Chemical Partners(WLKP) - 2025 Q4 - Earnings Call Transcript
2026-02-24 19:02
Financial Data and Key Metrics Changes - For full year 2025, the company reported net income of $49 million or $1.38 per unit, a decrease of $13 million compared to 2024 [4][7] - Fourth quarter 2025 net income was $15 million or $0.41 per unit, consistent with the fourth quarter of 2024 [6][7] - Distributable cash flow for the fourth quarter of 2025 was $19 million, an increase of $4 million from $15 million in the fourth quarter of 2024 [7] - Full year 2025 MLP distributable cash flow was $53 million, down $14 million from $67 million in 2024 [8] Business Line Data and Key Metrics Changes - The decrease in net income for 2025 was attributed to lower production and sales volumes due to a planned turnaround at the Petro 1 facility [7][11] - The Ethylene Sales Agreement with Westlake was successfully renewed through 2027 without changes, ensuring stable cash flows [8][11] Market Data and Key Metrics Changes - The company maintained a consolidated cash balance of $68 million at the end of the fourth quarter [9] - Long-term debt stood at $400 million, with a consolidated leverage ratio below 1 time [9] Company Strategy and Development Direction - The company aims to enhance long-term value through four growth levers: increasing ownership interest in OpCo, acquiring other income streams, organic growth through facility expansions, and negotiating higher fixed margins in the Ethylene Sales Agreement [12][13] - The absence of planned turnarounds in 2026 is expected to lead to production and sales volume growth, improving distributable cash flow and coverage ratios [11] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the financial and operational performance in 2025, highlighting the stability provided by the Ethylene Sales Agreement [11] - The company anticipates a recovery in coverage ratios above 1.1 times in 2026 due to no planned turnarounds [20] Other Important Information - The company has made 46 consecutive quarterly distributions since its IPO in July 2014, with a 71% increase in distributions since the original minimum [10] - The fourth quarter distribution of $0.4714 per unit was paid on February 23, 2026 [9][10] Q&A Session Summary Question: Balance sheet and cash flow regarding distribution payments - Analyst inquired about the drawdown on receivables under the Investment Management Agreement and the expectation for distribution coverage in the new year [17] - Management clarified that the drawdown reflected turnaround costs and that operating reserves were sufficient to cover distributions, expecting coverage ratios to improve in 2026 [19][20] Question: Financing growth initiatives - Analyst asked how the company plans to finance potential growth opportunities [21] - Management indicated that financing would likely involve a drop-down structure, utilizing a combination of new unit issuance and leveraging the balance sheet [21]
Westlake Chemical Partners(WLKP) - 2025 Q4 - Earnings Call Transcript
2026-02-24 19:00
Financial Data and Key Metrics Changes - For full year 2025, Westlake Partners reported net income of $49 million or $1.38 per unit, a decrease of $13 million compared to 2024 [7] - Consolidated net income, including OpCo, was $299 million for the full year 2025 [4] - Fourth quarter 2025 net income was $15 million or $0.41 per unit, consistent with the fourth quarter of 2024 [6] - Distributable cash flow for the fourth quarter of 2025 was $19 million, an increase of $4 million compared to $15 million in the fourth quarter of 2024 [7] - Full year 2025 MLP distributable cash flow was $53 million, down $14 million from $67 million in 2024 [8] Business Line Data and Key Metrics Changes - The decrease in net income for 2025 was attributed to lower production and sales volumes due to the planned Petro 1 turnaround [7] - The Ethylene Sales Agreement with Westlake was successfully renewed through 2027 without changes, ensuring stable cash flows [8] Market Data and Key Metrics Changes - The partnership maintained a strong leverage ratio below 1 time at the end of the fourth quarter [9] - The consolidated cash balance and cash investments totaled $68 million at the end of the fourth quarter [9] Company Strategy and Development Direction - The company aims to evaluate growth opportunities through increasing ownership interest in OpCo, acquisitions, organic growth, and negotiating a higher fixed margin in the Ethylene Sales Agreement [12] - The absence of planned turnarounds in 2026 is expected to drive production and sales volume growth, improving distributable cash flow and coverage ratio [11] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the business model and cash flows, highlighting the protective provisions of the Ethylene Sales Agreement [11] - The company anticipates a recovery in the coverage ratio back to historical levels due to no planned turnarounds in 2026 [11] Other Important Information - The partnership has made 46 consecutive quarterly distributions since its IPO in July 2014, with a 71% increase in distributions since the original minimum quarterly distribution [10] - The fourth quarter distribution of $0.4714 per unit was paid on February 23, 2026 [9] Q&A Session Summary Question: Balance sheet and cash flow statement concerns - The management confirmed that the drawdown on the Investment Management Agreement was related to planned turnaround expenses, and they expect the distribution coverage ratio to improve in 2026 [16][18] Question: Financing growth initiatives - Management indicated that any growth opportunities would likely be financed through a combination of new unit issuance and leveraging the balance sheet [20]
Westlake(WLK) - 2025 Q4 - Earnings Call Presentation
2026-02-24 16:00
Earnings Presentation 4Q and Full Year 2025 1 Fourth Quarter and Full Year 2025 Highlights Profitability Improvement Plan expected to deliver $600M EBITDA benefit in 2026 $2.5B 11% decrease QoQ $196M EBITDA(1,2) 37% decrease QoQ (2) $225M Net Cash Provided by Operating Activities $11.2B Net Sales 8% decrease YoY $1.1B EBITDA(1,2) 50% decrease YoY(2) $465M Net Cash Provided by Operating Activities 4Q 2025 Financial Results FY 2025 Financial Results (1) Reconciliation of EBITDA excl. Identified Item to Net In ...
Westlake Corp. CFO announces departure amid weak earnings, board restructure
Yahoo Finance· 2026-02-24 15:00
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Westlake Corporation CFO M. Steven Bender announced his intent to retire from the chemical manufacturing company after nearly two decades in the seat, “effective upon the appointment of his successor,” according to a Monday securities filing. Westlake also announced it will expand the size of its board of directors to 14 and appoint two new members. Westlake ...
GS Equity Radar_ Old economy and Chemicals, AI disruption, GOAL positioning plus Week Ahead and key research from the week
2026-02-24 14:20
13 February 2026 | 6:07PM GMT Equity Research GS EQUITY RADAR Old economy and Chemicals, AI disruption, GOAL positioning plus Week Ahead and key research from the week Old economy and Chemicals. Peter Oppenheimer wrote this week about the return of physical assets including 'old economy' areas. Chemicals are an area Georgina Fraser thinks are interesting, turning pro-cyclical in her ratings and making seven rating changes to reflect her view that the cycle is already turning despite muted company commentary ...