Amended Statement of Ownership (sc 13g/a)
February 14 2023 - 3:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT
TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS
THERETO FILED
PURSUANT TO § 240.13d-2
(Amendment No. 3)*
Westlake
Chemical Partners, LP |
(Name of
Issuer) |
|
Common
Units |
(Title of
Class of Securities) |
|
960417103 |
(CUSIP Number) |
|
December
31, 2022 |
(Date of
Event Which Requires Filing of the Statement) |
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
x Rule
13d-1(b)
¨ Rule
13d-1(c)
¨ Rule
13d-1(d)
*The remainder of this cover page shall be filled
out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this
cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
Cusip
No. 960417103 |
13G |
Page
2 of 10 Pages |
1. |
NAME OF REPORTING PERSONS
Energy Income Partners, LLC
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ¨
(b) ¨
|
3. |
SEC USE ONLY
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
5. |
SOLE VOTING POWER
0
|
6. |
SHARED VOTING POWER
2,480,730
|
7. |
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
2,480,730
|
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,480,730
|
10. |
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
¨
|
11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.0%
|
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
|
Cusip
No. 960417103 |
13G |
Page
3 of 10 Pages |
1. |
NAME OF REPORTING PERSONS
James J. Murchie
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ¨
(b) ¨
|
3. |
SEC USE ONLY
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
5. |
SOLE VOTING POWER
0
|
6. |
SHARED VOTING POWER
2,480,730
|
7. |
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
2,480,730
|
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,480,730
|
10. |
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
¨
|
11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.0%
|
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
|
Cusip
No. 960417103 |
13G |
Page
4 of 10 Pages |
1. |
NAME OF REPORTING PERSONS
Eva Pao
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ¨
(b) ¨
|
3. |
SEC USE ONLY
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
5. |
SOLE VOTING POWER
0
|
6. |
SHARED VOTING POWER
2,480,730
|
7. |
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
2,480,730
|
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,480,730
|
10. |
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
¨
|
11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.0%
|
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
|
Cusip
No. 960417103 |
13G |
Page
5 of 10 Pages |
1. |
NAME OF REPORTING PERSONS
Saul Ballesteros
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ¨
(b) ¨
|
3. |
SEC USE ONLY
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
5. |
SOLE VOTING POWER
0
|
6. |
SHARED VOTING POWER
2,480,730
|
7. |
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
2,480,730
|
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,480,730
|
10. |
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
¨
|
11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.0%
|
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
|
Cusip
No. 960417103 |
13G |
Page
6 of 10 Pages |
1. |
NAME OF REPORTING PERSONS
John K. Tysseland
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ¨
(b) ¨
|
3. |
SEC USE ONLY
|
4.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
5. |
SOLE VOTING POWER
0
|
6. |
SHARED VOTING POWER
2,480,730
|
7. |
SOLE DISPOSITIVE POWER
0
|
8.
|
SHARED DISPOSITIVE POWER
2,480,730
|
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,480,730
|
10. |
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
¨
|
11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.0%
|
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
|
Cusip
No. 960417103 |
13G |
Page
7 of 10 Pages |
| Item 1(a). | Name of Issuer: |
Westlake Chemical Partners, LP
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
|
2801 Post Oak Blvd. |
|
Suite 600 |
|
Houston, TX 77056 |
|
|
| Item 2(a). | Name of Person Filing: |
| (i) | Energy Income Partners, LLC |
| Item 2(b). | Address of Principal Business Office or, if none, Residence: |
10 Wright Street
Westport, Connecticut 06880
| (i) | Energy Income Partners, LLC is a Delaware limited liability company |
| (ii) | James Murchie is a citizen of the United States of America |
| (iii) | Eva Pao is a citizen of the United States of America |
| (iv) | Saul Ballesteros is a citizen of the United States of America |
| (v) | John Tysseland is a citizen of the United States of America |
| Item 2(d). | Title of Class of Securities: |
Common
Units
960417103
| Item 3. | If this statement is filed pursuant
to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is
a: |
|
(a) |
¨ |
Broker or dealer registered
under Section 15 of the Act (15 U.S.C. 78o); |
|
|
|
|
|
(b) |
¨ |
Bank as defined in Section 3(a)(6)
of the Act (15 U.S.C. 78c); |
|
|
|
|
|
(c) |
¨ |
Insurance company as defined in Section
3(a)(19) of the Act (15 U.S.C. 78c); |
|
|
|
|
|
(d) |
¨ |
Investment company registered under
Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
|
|
|
|
|
(e) |
x |
An investment adviser in accordance
with § 240.13d-1(b)(1)(ii)(E); |
|
|
|
|
|
(f) |
¨ |
An employee benefit plan or endowment
fund in accordance with § 240.13d-1(b)(1)(ii)(F); |
|
|
|
|
|
(g) |
¨ |
A parent holding company or control
person in accordance with § 240.13d-1(b)(1)(ii)(G); |
|
|
|
|
|
(h) |
¨ |
A savings association as defined in
Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
|
|
|
|
|
(i) |
¨ |
A church plan that is excluded from
the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); |
|
|
|
|
|
(j) |
¨ |
A non-U.S. institution in accordance
with § 240.13d-1(b)(1)(ii)(J); |
|
|
|
|
|
(k) |
¨ |
Group, in accordance with § 240.13d-1(b)(1)(ii)(K). |
If filing as a non-U.S. institution in accordance with §
240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________.
Cusip
No. 960417103 |
13G |
Page
8 of 10 Pages |
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer identified in Item 1.
This Schedule 13G is being filed on behalf
of (i) Energy Income Partners, LLC, a Delaware limited liability company; (ii) James J. Murchie; (iii) Eva Pao; (iv) Saul Ballesteros;
and (v) John K. Tysseland.
Ownership as of December 31, 2022, is
incorporated by reference to items (5) - (9) and (11) of each of the cover pages of the Reporting Persons.
James J. Murchie, Eva Pao and John Tysseland
are the Portfolio Managers with respect to portfolios managed by Energy Income Partners, LLC. Saul Ballesteros is a control person of
Energy Income Partners, LLC.
| Item 5. | Ownership of Five Percent or Less
of a Class: |
If this statement
is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: ¨
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person: |
Energy Income Partners, LLC, serves as a
sub-adviser to certain registered investment companies advised by First Trust Advisors LP (“Sub-Advised Funds”). As of December
31, 2022, the Sub-Advised Funds beneficially owned 5.4% of this share class.
| Item 7. | Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company: |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group: |
| (i) | Energy Income Partners, LLC |
| (iv) | Saul Ballesteros; and |
| Item 9. | Notice of Dissolution of Group: |
Not applicable.
By signing below I certify that, to the
best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were
not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
Cusip
No. 960417103 |
13G |
Page
9 of 10 Pages |
SIGNATURE
After reasonable inquiry and to
the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|
Date: |
February 14, 2023 |
|
|
|
|
By: |
/s/ Nandita Hogan |
|
|
|
|
Name: |
Nandita Hogan |
|
|
|
|
Title: |
Chief Compliance Officer,
Energy Income Partners, LLC |
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative
other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on
behalf of such person shall be filed with the statement, Provided, however, that a power of attorney for this purpose which is
already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall
be typed or printed beneath his signature.
Attention: Intentional
misstatements or omissions of fact constitute Federal criminal violations
(see 18 U.S.C. 1001).
EXHIBIT 1
AGREEMENT OF JOINT FILING
Energy Income Partners, LLC, James J. Murchie,
Eva Pao, Saul Ballesteros and John K. Tysseland hereby agree that the Statement on Schedule 13G to which this agreement is attached
as an exhibit as well as all future amendments to such Statement, shall be filed jointly on behalf of each of them. This agreement is
intended to satisfy the requirements of Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended.
Dated: February 9, 2023
By: |
/s/ James J. Murchie |
|
|
Energy Income Partners, LLC
Title: Chief Executive
Officer |
|
|
|
|
By: |
/s/ Eva Pao |
|
|
Name: Eva Pao
Title: Partner |
|
|
|
|
By: |
/s/ Saul Ballesteros |
|
|
Name: Saul Ballesteros
Title: Head Trader |
|
|
|
|
By: |
/s/ John K. Tysseland |
|
|
Name: John K. Tysseland
Title: Portfolio
Manager |
|
Westlake Chemical Partners (NYSE:WLKP)
Historical Stock Chart
From Oct 2024 to Nov 2024
Westlake Chemical Partners (NYSE:WLKP)
Historical Stock Chart
From Nov 2023 to Nov 2024