Westlake Chemical Partners LP (WLKP)

[aaronhebert88]

6:34 am Westlake Chemical misses by $0.22, misses on revs (WLK) : Reports Q2 (Jun) earnings of $1.26 per share, $0.22 worse than the Capital IQ Consensus Estimate of $1.48; revenues rose 6.3% year/year to $998.6 mln vs the $1051.55 mln consensus.

The decrease in sales was largely the result of lower sales volumes for polyethylene, ethylene co-products and PVC resin, partially offset by higher selling prices for polyethylene and PVC resin.
Income from operations in the second quarter of 2014 was negatively impacted by higher cost inventory produced from propane feedstock, costs associated with the Calvert City maintenance turnaround, lower PVC resin sales volume and an unplanned outage at one of our Lake Charles ethylene units.