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Westlake Chemical Partners LP (WLKP) CEO Albert Chao on Q1 2020 Results - Earnings Call Transcript

May 05, 2020 12:06 AM ETWestlake Chemical Partners LP (WLKP)
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Westlake Chemical Partners LP (NYSE:WLKP) Q1 2020 Earnings Conference Call May 4, 2020 1:00 PM ET

Company Participants

Jeff Holy - VP & Treasurer

Albert Chao - President, CEO & Director

Steven Bender - SVP, CFO & Director

Conference Call Participants

Michael Leithead - Barclays Bank

Steve Byrne - Bank of America Merrill Lynch

Matthew Blair - Tudor, Pickering, Holt & Co.


Good afternoon. Thank you for standing by. Welcome to the Westlake Chemical Partners First Quarter 2020 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded today, May 4, 2020. I'd now like to turn the call over to today's host, Jeff Holy, Westlake Chemical Partners' Vice President and Treasurer. Sir, you may begin.

Jeff Holy

Thank you. Good afternoon, everyone, and welcome to the Westlake Chemical Partners First Quarter 2020 Conference Call. I'm joined today by Albert Chao, our President and CEO; Steve Bender, our Senior Vice President and CFO; and other members of our management team.

During this call, we refer to ourselves as Westlake Partners or the Partnership. References to Westlake or Westlake Chemical refer to our parent company, Westlake Chemical Corporation. And references to OpCo refer to Westlake Chemical OpCo LP, a subsidiary of Westlake Chemical and the Partnership, which owns certain olefins assets. Additionally, when we refer to distributable cash flow, we're referring to Westlake Chemical Partners' MLP distributable cash flow. Definitions of these terms are available on the Partnership's website.

Today, management is going to discuss certain topics that will contain forward-looking information that is based on management's beliefs as well as assumptions made by and information currently available to management. These forward-looking statements suggest predictions or expectations and thus are subject to risks or uncertainties. Actual results could differ materially based upon many factors, including operating difficulties, the volume of ethylene that

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