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Calumet Specialty Products Partners L.P. - CLMT STOCK NEWS

Welcome to our dedicated news page for Calumet Specialty Products Partners L.P. (Ticker: CLMT), a resource for investors and traders seeking the latest updates and insights on Calumet Specialty Products Partners L.P..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Calumet Specialty Products Partners L.P.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Calumet Specialty Products Partners L.P.'s position in the market.

Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (CLMT) provided an operational update for the first quarter of 2024, highlighting positive developments at Montana Renewables and Shreveport sites. Despite challenges with higher priced feedstock and seasonal weakness in fuels and asphalt products, the company remains optimistic about achieving representative financial performance and generating cash for deleveraging. The planned conversion of Calumet into a C-Corp in the second quarter aims to create substantial shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. and its subsidiary retire senior secured first lien notes due 2024 and call $50 million of senior notes due 2025. They closed $200 million in new 9.25% senior secured first lien notes due 2029. The partnership used part of the proceeds to redeem existing notes and plans to use the rest for further redemptions, aiming to lower interest expenses and enhance flexibility for deleveraging.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (CLMT) to participate in Barclays Emerging Growth, Climate Technology Company, and Investor Meetings in New York City on March 21, 2024.
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Rhea-AI Sentiment
End-of-Day
-0.68%
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conferences
Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (CLMT) has been recognized by EcoVadis for its Corporate Social Responsibility commitment. The company received the Committed to Sustainability Badge, showcasing its dedication to sustainability, business ethics, and environmental respect. Calumet's facilities in Louisiana, Pennsylvania, and Texas also received EcoVadis silver medal awards. This recognition highlights Calumet's focus on innovation and sustainability in various product lines like sustainable aviation fuel and biodegradable marine lubricants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. reported a net income of $48.1 million for the full year 2023, with Adjusted EBITDA of $260.5 million. The company announced its intent to convert its corporate structure to a C-Corp from a Master Limited Partnership. Montana Renewables returned to normal operations after a steam drum replacement. The Specialties business saw margin growth for the fifth consecutive year. Calumet entered into a note purchase agreement and issued conditional notices to redeem outstanding notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.54%
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) to report Q4 and full-year 2023 results on February 23, 2024. Conference call scheduled for 9:00 AM ET. Webcast and dial-in options available for interested parties.
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Calumet Specialty Products Partners, L.P. announced the conversion to a new Delaware corporation, Calumet Inc., from an MLP to a C-Corp. The Conversion Agreement was unanimously approved, with an expected completion target of mid-year 2024. The Conversion is subject to customary conditions and is intended to be tax-free for unitholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.1%
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. announced two financing transaction updates, replacing previous Supply and Offtake Agreements for their Shreveport and Montana Refining facilities. The new SOA with J. Aron and the increased size of their Asset Backed Loan facility aim to provide a simpler and more cost-effective solution for managing inventory and working capital needs.
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End-of-Day
-1.06%
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) plans to attend the Goldman Sachs Energy, Cleantech & Utilities Conference in Miami, FL on January 5, 2024, holding investor meetings throughout the day.
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Rhea-AI Sentiment
End-of-Day
-0.17%
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) to Attend Wells Fargo Midstream and Utilities Symposium
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Rhea-AI Sentiment
End-of-Day
-2.85%
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Calumet Specialty Products Partners L.P.

Nasdaq:CLMT

CLMT Rankings

CLMT Stock Data

1.23B
53.31M
18.51%
30.59%
1.13%
Petroleum Refineries
Manufacturing
Link
US
Indianapolis

About CLMT

calumet is a company based out of 2780 waterfront parkway east dr, indianapolis, in, united states.