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Westlake Chemical Partners LP (WLKP) CEO Albert Chao on Q1 2021 Results - Earnings Call Transcript

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Westlake Chemical Partners LP (NYSE:WLKP) Q1 2021 Earnings Conference Call May 4, 2021 1:00 PM ET

Company Participants

Jeff Holy - Vice President & Treasurer

Albert Chao - President & Chief Executive Officer

Steve Bender - Senior Vice President & Chief Financial Officer

Conference Call Participants

Mike Leithead - Barclays

Steve Byrne - Bank of America


Good afternoon. Thank you for standing by. Welcome to the Westlake Chemical Partners First Quarter 2021 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. After the speakers, you will be invited to participate in a question-and-answer session. As a reminder, this conference call is being recorded today, May 4, 2021.

I would 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, Valerie. Good afternoon, everyone and welcome to the Westlake Chemical Partners first quarter 2021 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 are 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

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