Calumet Inc

Calumet Specialty Products Partners LP engages in the production of specialty hydrocarbon products. It operates through the following segments: Specialty Products, Fuel Products and Corporate. The Specialty Products segment produces lubricating oils, solvents, waxes, synthetic lubricants and other products. The Fuel Products segment is involved in the processing of crude oil into fuel and fuel-related products, including unleaded gasoline, diesel, and jet fuel, asphalt and other products. The Corporate segment consists of general and administrative expenses not allocated to the specialty products or fuel products segments. The company was founded on September 27, 2005 and is headquartered in Indianapolis, IN.

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Calumet Specialty Products Partners achieves record EBITDA, eyes growth opportunities

Calumet Specialty Products Partners reported strong financial performance in 2022, driven by specialty business growth and strategic focus on sustainability. While facing challenges in certain segments, the company is well-positioned for growth with opportunities in financing, expansion, and investments. Management's emphasis on innovation, collaboration, and financial discipline bodes well for future success.

Calumet Specialty Products Partners excels in Q1 earnings and growth strategies

Calumet Specialty Products Partners delivered a strong performance in Q1 2023, driven by robust earnings in specialty businesses and operational achievements at Montana Renewables.
The company's focus on debt reduction and potential IPO plans for Montana Renewables reflect strategic initiatives aimed at enhancing financial stability and growth prospects.
While facing challenges in sustaining growth momentum and executing debt reduction strategies, Calumet Specialty Products Partners remains poised to capitalize on opportunities for expansion and value creation.

Calumet Specialty Products Partners reports solid Q2 performance and growth opportunities

Calumet Specialty Products Partners showcased strong performance in Q2 2023, with notable achievements in Montana Renewables and Performance Brands businesses.
Despite challenges like severe weather impacting production, the company remains focused on growth opportunities and strategic initiatives.
With a focus on high-value applications and upcoming projects like MaxSAF expansion, Calumet is positioning itself for future success and profitability.

Calumet Specialty Products Partners reports strong Q3 performance and SAF growth opportunities

Calumet Specialty Products Partners showcased solid financial performance and progress in strategic transformation in Q3 2023.
Despite challenges such as operational issues and CFO transition, the company is well-positioned for growth and innovation in the SAF production sector.
Opportunities in producing Sustainable Aviation Fuel in North America and leveraging regulatory support mechanisms present avenues for future success.

Calumet transitions to C-Corp, excels in SAF production amid challenges

Calumet's Q4 performance reflects resilience amid challenges, with a strategic focus on sustainable aviation fuel production and debt management.
The company's conversion to a C-Corp aims to attract more investors and enhance shareholder value, supported by key growth initiatives.
Despite setbacks and challenges, Calumet is actively pursuing opportunities in SAF production, debt reduction, and market expansion for renewable products.

Calumet reports mixed Q1 results, focuses on growth opportunities

Calumet Specialty Products Partners reported mixed Q1 2024 results, with operational challenges at Montana Renewables but strength in Performance Brands and specialties business.
The company is focused on deleveraging, reducing debt levels, and proving the competitive advantage of Montana Renewables to attract investors.
Despite industry challenges and uncertainties, Calumet sees opportunities in the SAF sector, potential transactions, and the C-Corp conversion.
Investor sentiment is positive towards the C-Corp conversion, with expectations of increased trading liquidity and new institutional investors.

Calumet Inc reports robust Q2 earnings, eyes renewable energy growth

Calumet Inc's Q2 performance reflects strong financial results and operational achievements across its specialty and renewable businesses.
The company's focus on driving shareholder value through the C-Corp conversion and debt reduction efforts is evident in its strategic initiatives.
While facing challenges in regulatory monitoring and funding for expansion projects, Calumet remains optimistic about growth opportunities in renewable energy markets.

Calumet Inc (CLMT) reports robust Q3 performance and strategic advancements

Calumet Inc (CLMT) demonstrated strong financial performance and strategic advancements in Q3 2024, positioning the company for continued growth and value creation.
Management's focus on deleveraging, organic growth, and potential asset sales underscores a commitment to enhancing shareholder value and financial stability.
Analyst inquiries highlighted areas of interest and potential challenges, signaling a need for continued operational excellence and strategic decision-making.

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Calumet, Inc. engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate. The Specialty Products & Solutions segment consists of customer-focused solutions and formulations businesses, covering multiple specialty product lines, anchored by a unique integrated complex in Northwest Louisiana. The Performance Brands segment includes a fast-growing portfolio of high-quality, high performing brands. The Montana/Renewables segment is composed of a Great Falls specialty asphalt facility and Montana Renewables facility. The Corporate segment focuses on the general and administrative expenses not allocated to the Montana/Renewables, Specialty Products and Solutions, or Performance Brands segments. The company was founded in 1919 and is headquartered in Indianapolis, IN.

Crack spreads held up nicely in the December quarter which likely results in a quarterly result similar to September. The results in December offer investors a view into the financial performance of the company excluding MRL.

For Calumet Specialty Products, It's More Of The Same

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INDIANAPOLIS , Dec. 14, 2022 /PRNewswire/ -- Multiplying Good Indiana awarded Lindsey LaBerge, Director of Corporate Marketing for Calumet Specialty Products, with a Jefferson Award for Public Service. This national award, widely recognized as the "Nobel Prize for service," was given following LaBerge's outstanding participation in the Multiplying Good ChangeMakers program.

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Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT ) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants Brad McMurray - IR Todd Borgmann - CEO Vincent Donargo - CFO Bruce Fleming - EVP Montana/Renewables and Corporate Development Scott Obermeier - EVP Specialty Products and Solutions Marc Lawn - Executive Vice President Performance Brands Conference Call Participants Nicolette Slusser - Goldman Sachs Amit Dayal - H.C.

Calumet Specialty Products Partners, L.P. (CLMT) Q3 2022 Earnings Call Transcript

Net income attributable to partners of $15.7 million, or $0.19 per unit, for the third quarter of 2022 Third quarter Adjusted EBITDA of $127.0 million driven by strong market and exceptional business execution Material strategic actions at Montana Renewables, including Warburg Pincus partnership and SAF addition Renewable Diesel plant commissioned; Great Falls specialty asphalt plant turnaround complete INDIANAPOLIS , Nov. 9, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), today reported results for the third quarter ended September 30, 2022, as follows: Three Months Ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (Dollars in millions, except per unit data) Net income (loss) attributable to partners $                  15.7 $                  51.5 $                (95.1) $              (173.0) Net income (loss) per unit $                  0.19 $                  0.64 $                (1.18) $                (2.15) Adjusted EBITDA $                127.0 $                  58.8 $                326.1 $                  85.7   Specialty Products and Solutions Performance Brands Montana/Renewables Three months ended September 30, Three months ended September 30, Three months ended September 30, 2022 2021 2022 2021 2022 2021 (Dollars in millions, except per barrel data) Gross profit (loss) $            123.4 $              74.0 $                  17.0 $                  16.6 $                   (1.1) $                  42.7 Adjusted gross profit $            149.4 $              52.9 $                  17.4 $                  14.4 $                   11.7 $                  26.1 Adjusted EBITDA $            131.7 $              46.3 $                    8.5 $                    6.8 $                   11.3 $                  24.4 Gross profit (loss) per barrel $            21.65 $            15.30 $              139.34 $              137.19 $                 (0.96) $                16.03 Adjusted gross profit per barrel $            26.22 $            10.94 $              142.62 $              119.01 $                10.17 $                  9.80   Specialty Products and Solutions Performance Brands Montana/Renewables Nine months ended September 30, Nine months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 2022 2021 (Dollars in millions, except per barrel data) Gross profit $            229.2 $              43.4 $                  44.5 $                  56.5 $                  42.2 $                  10.5 Adjusted gross profit $            328.8 $              95.4 $                  45.9 $                  55.2 $                  97.6 $                  41.5 Adjusted EBITDA $            283.3 $              75.9 $                  17.5 $                  30.1 $                  88.9 $                  35.2 Gross profit per barrel $            13.63 $              3.20 $              112.09 $              143.04 $                  6.78 $                  1.35 Adjusted gross profit per barrel $            19.55 $              7.04 $              115.62 $              139.75 $                15.69 $                  5.35   "Calumet made tremendous strategic strides and executed exceptionally well during the third quarter," said Todd Borgmann, CEO.

Calumet Specialty Products Partners, L.P. Reports Third Quarter 2022 Results

INDIANAPOLIS , Nov. 7, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced today that Steve Mawer will be transitioning from Executive Chairman of the Board to Chairman of the Board, effective January 1, 2023.

Calumet Completes Transition of Steve Mawer to Board Chairman

INDIANAPOLIS , Nov. 7, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) today announced the closing of two transactions that together fund the working capital needs of Montana Renewables LLC (MRL).

Calumet Completes Working Capital Funding for Montana Renewables

Calumet Specialty Products Partners, L.P. (CLMT) saw its shares surge in the last session with trading volume being higher than average.

Calumet Specialty Products Partners, L.P. (CLMT) Stock Jumps 5.5%: Will It Continue to Soar?

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In estimating Calumet's September and December financials, we believe that the results will be similar to June's galactic record after removing September's major outage. All of Calumet's business are likely blossoming into strong results.

Calumet Specialty Products: Benefiting From Tight Crack Spreads

SHREVEPORT, La. , Oct. 20, 2022 /PRNewswire/ -- Queensborough Elementary School and Fair Park Middle School will receive 25 color printers from Calumet Shreveport today.

Calumet Donates Printers to Local Schools

INDIANAPOLIS , Oct. 18, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced today that it plans to report results for the fiscal third quarter 2022 on November 9, 2022.

Calumet Specialty Products Partners, L.P. to Release Third Quarter 2022 Results on November 9, 2022

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INDIANAPOLIS , Sept. 7, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P.

Calumet 2021 Schedule K-3 Now Available

The consensus price target hints at a 41.7% upside potential for Calumet Specialty Products Partners, L.P. (CLMT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in Calumet Specialty Products Partners, L.P. (CLMT)? Wall Street Analysts Think 42%

With refining margins on a tear, the Zacks Oil and Gas - Refining & Marketing MLP operators like TRGP, CLMT and GLP should enjoy plenty of upside momentum.

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Start Time: 09:00 January 1, 0000 9:48 AM ET Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT ) Q2 2022 Earnings Conference Call August 05, 2022, 09:00 AM ET Company Participants Todd Borgmann - CEO Vincent Donargo - CFO Bruce Fleming - EVP Montana/Renewables and Corporate Development Scott Obermeier - EVP Specialty Products and Solutions Marc Lawn - EVP Performance Brands Steve Mawer - Executive Chairman Brad McMurray - IR Conference Call Participants Manav Gupta - Credit Suisse Roger Read - Wells Fargo Amit Dayal - H.C.

Calumet Specialty Products Partners, L.P. (CLMT) CEO Todd Borgmann on Q2 2022 Results - Earnings Call Transcript

Net loss of $15.3 million, or $(0.19) per unit, for the second quarter 2022 Second quarter Adjusted EBITDA of $175.8 million Completed Montana Renewables financing, highlighting a $2.25 billion MRL enterprise value Super-cycle margin environment highlights benefits of integrated specialty business INDIANAPOLIS , Aug. 5, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), today reported results for the second quarter ended June 30, 2022, as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (Dollars in millions, except per unit data) Net loss $                (15.3) $                (78.4) $              (110.8) $              (224.5) Net loss per unit $                (0.19) $                (0.97) $                (1.37) $                (2.79) Adjusted EBITDA $                175.8 $                  32.3 $                199.1 $                  26.9   Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, 2022 2021 2022 2021 2022 2021 (Dollars in millions, except per barrel data) Gross profit (loss) $              88.1 $                7.7 $                  14.2 $                  16.4 $                  41.6 $                   (5.0) Adjusted gross profit $            144.0 $              38.0 $                  14.6 $                  16.6 $                  74.0 $                  15.8 Adjusted EBITDA $            123.5 $              31.8 $                    3.7 $                    7.3 $                  68.6 $                  12.8 Gross profit (loss) per barrel $            15.72 $              1.55 $             100.00 $             123.31 $                16.12 $                (1.93) Adjusted gross profit per barrel $            25.69 $              7.65 $             102.82 $             124.81 $                28.67 $                  6.11   Specialty Products and Solutions Performance Brands Montana/Renewables Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 2022 2021 (Dollars in millions, except per barrel data) Gross profit (loss) $            105.8 $             (30.6) $                  27.5 $                  39.9 $                  43.3 $                (32.2) Adjusted gross profit $            179.4 $              42.5 $                  28.5 $                  40.8 $                  85.9 $                  15.4 Adjusted EBITDA $            151.6 $              29.6 $                    9.0 $                  23.3 $                  77.6 $                  10.8 Gross profit (loss) per barrel $              9.51 $             (3.51) $             100.00 $             145.62 $                  8.54 $                (6.33) Adjusted gross profit per barrel $            16.13 $              4.87 $             103.64 $             148.91 $                16.95 $                  3.03   "Today is a special day at Calumet as we announce a record financial quarter and a transformational equity investment that places a $2.25 billion enterprise value on Montana Renewables," said Todd Borgmann, CEO.

Calumet Specialty Products Partners, L.P. Reports Second Quarter 2022 Results

Warburg Pincus Investment Values MRL at $2.25 Billion INDIANAPOLIS , Aug. 5, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet") today announced a series of transactions conducted by its unrestricted subsidiary Montana Renewables LLC ("MRL"), a renewable fuel business.

Calumet Announces Series of Transactions at Montana Renewables

Calumet Specialty Products (CLMT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

News for Calumet Inc Stock (CLMT)