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Westlake Chemical Partners Posts 4Q Profit

Westlake Chemical Partners LP on Tuesday reported fourth-quarter earnings of $10.9 million.

HOUSTON (AP) — Westlake Chemical Partners LP on Tuesday reported fourth-quarter earnings of $10.9 million.

The Houston-based company said it had profit of 39 cents per share.

The ethylene producer posted revenue of $293.9 million in the period.

For the year, the company reported profit of $40.9 million, or $1.50 per share. Revenue was reported as $986.7 million.

Westlake Chemical Partners shares have increased 14 percent since the beginning of the year. The stock has climbed 45 percent in the last 12 months.

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