Westlake Chemical Partners LP (NYSE:WLKP) Q4 2019 Earnings Conference Call - Final Transcript

Feb 18, 2020 • 12:00 pm ET


Westlake Chemical Partners LP (NYSE:WLKP) Q4 2019 Earnings Conference Call - Final Transcript


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Albert Chao

the deliver long-term value to our unitholders.

As we navigate the evolving market conditions, we continue to evaluate opportunities via our four levers of growth, including continuation of periodic drop-downs of OpCo into the MLP, acquisitions of other qualified income streams such a Westlake's interest in the LACC cracker, organic expansions of our current ethylene facilities and negotiating a higher fixed margin in our ethylene sales agreement with Westlake. With these four levers, we have a sustainable capability to continue our history of steady growth in distributions to our unitholders over time.

In closing, we remain excited about future prospects in front of us. We will continue to focus on the investment thesis we have laid out, to drive value to our unitholders. We'll do this while continuing to operate safely along with being good stewards of the environment and the communities in which we live and work.

Thank you very much for listening to our fourth quarter 2019 earnings call. Now I will turn the call back over to Jeff.

Jeff Holy

Thank you Albert. Before we begin taking questions, I would like to remind you that a replay of this teleconference will be available starting today at 2:00 PM Eastern Time. We will provide that number again at the end of the call. Please be aware that we have also previously posted a presentation outlining our distribution philosophy, which is available on the Partnership's website at wlkpartners.com.

Delum, [Phonetic] we'll now take questions.