Listening to Westlake Chemicals' (NYSE:WLK) earnings call on Tuesday continued to add fuel to the argument that low natural gas prices are a boon for the chemical and agriculture industries. Leveraging the low costs of ethane and propane, Westlake turned a 6.8% slip in revenues into a 209% increase in operating income. Westlake certainly isn't the only company to be experiencing this advantage, and some of the other beneficiaries are putting up a public fight against liquid natural gas exportation from the United States in order to keep current margins as the status quo. What are some other major players enjoying the current market prices? Check out the video below.
Follow @t_Muckerman Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.
- Feb 22, 2013 at 12:00PM
- Energy, Materials, and Utilities