Westlake Chemical Partners LP (NYSE:WLKP) 3Q20 Earnings Beat Estimates While Revenues Miss

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Westlake Chemical Partners LP (NYSE:WLKP) unveiled its third quarter earnings results on Tuesday 3rd November 2020 before market open.

The company reported $ 0.53 income per share for the quarter, beat the consensus estimate of $ 0.46 income per share by $ 0.07 or 15.22 percent.

The quarterly earnings extended 26.19 percent compared with the same quarter last year.

Westlake Chemical Partners LP had revenue of $ 231.97 million for the quarter, compared to the consensus estimate of $ 262.02 million. The revenues fell short of analysts estimates by $ 30.05 million or 11.47 percent.

The financial report showed revenues decreased 7.19 percent versus third quarter of last year.

Analysts estimates are from Thompson Reuters, exclude one time gain or loss