Westlake Chemical Partners(WLKP) - 2024 Q4 - Annual Report

Sales Performance - The company reported a significant increase in ethylene sales volume, reaching 1.5 million tons, which represents a 10% increase year-over-year[18] - The average selling price of ethylene was $1,200 per ton, reflecting a 15$200 million for the upcoming fiscal year, focusing on expanding production capacity[18] - The projected annual production capacity is estimated to be 3 million tons by December 31, 2024, up from 2.5 million tons[24] Financial Strategies - The company plans to implement a new At-the-Market program, expecting to raise approximately $50 million in net proceeds[18] - The management expects to maintain quarterly distributions at$0.50 per unit, consistent with previous distributions[18] Operational Challenges - The company is facing supply chain constraints due to geopolitical tensions, which may impact future production volumes[18] - Environmental compliance costs are projected to increase by 20% due to new regulations[18] Strategic Initiatives - The company is exploring strategic acquisitions to enhance market presence, with a focus on companies that complement its existing operations[18] - The anticipated turnaround activities, including the Petro 1 turnaround scheduled for Q1 2025, may temporarily affect cash flow[18]