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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 42,309 $ 89,646
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 27,068 27,994
Loss from disposition of property, plant and equipment 103 271
Other losses, net 137 256
Changes in operating assets and liabilities    
Accounts receivable—third parties (1,553) (8,751)
Net accounts receivable—Westlake (1,164) 3,720
Inventories 1,325 (428)
Prepaid expenses and other current assets 243 185
Accounts payable—third parties 36,942 (1,173)
Accrued and other liabilities 45,892 (3,231)
Deferred charges and other assets and others, net (105,521) (3,924)
Net cash provided by operating activities 45,781 104,565
Cash flows from investing activities    
Additions to property, plant and equipment (15,956) (9,773)
Maturities of investments with Westlake under the Investment Management Agreement 30,000 0
Net cash provided by (used for) investing activities 14,044 (9,773)
Cash flows from financing activities    
Proceeds from debt payable to Westlake 54,000 54,000
Repayment of debt payable to Westlake (54,000) (54,000)
Distributions to noncontrolling interest retained in OpCo by Westlake (51,906) (81,044)
Distributions to unitholders (16,611) (16,607)
Net cash used for financing activities (68,517) (97,651)
Net decrease in cash and cash equivalents (8,692) (2,859)
Cash and cash equivalents at beginning of period 58,316 58,619
Cash and cash equivalents at end of period $ 49,624 $ 55,760